Lion Energy's Strategic Progress in Green Hydrogen and Oil Projects
Key Ideas
- Lion Energy, in partnership with DGA Energy Solutions Australia and Samsung C&T Corporation, is advancing its Port of Brisbane Green Hydrogen Project with key offtake discussions in progress.
- New seismic data in East Seram PSC has revealed promising prospects for the Kobi and Waru sites, with drilling planned for 2026.
- The company achieved a significant milestone by completing a crude oil lifting in December, contributing to substantial revenue generation.
- Lion Energy's developments highlight its strategic positioning in the energy sector and its dedication to pioneering green hydrogen initiatives.
Lion Energy Limited has made significant strides in its green hydrogen and oil projects in the fourth quarter of 2024. The company's partnership with DGA Energy Solutions Australia and Samsung C&T Corporation has propelled the development of the Port of Brisbane Green Hydrogen Project, with important offtake discussions currently underway. In East Seram PSC, new seismic data has uncovered promising potential at the Kobi and Waru prospects, leading to plans for drilling activities in 2026. Furthermore, Lion Energy successfully completed a crude oil lifting in December, marking a substantial revenue milestone. These achievements not only showcase Lion's strategic presence in the energy industry but also highlight its commitment to innovative green hydrogen initiatives.