You have accessed this news story:
Lion expands onshore Indonesia footprint in $44MM deal
Australia-based Lion Energy struck a $44 million deal to acquire additional interests in assets located onshore Indonesia in the Citic Resources-operated Seram PSC from Gulf Petroleum Investment, increasing Lion’s stake in the asset from 2.5% to 19%. The total price tag is comprised of a $32 million initial consideration, with $7.2 million contingent upon approval of the development plan and $4.8 million payable upon first gas production. Hong Kong-listed Citic will retain operatorship of the PSC on 41% WI,......
Provide your credentials to access this page
Member Area: Log in if you have a PLS web account or Sign up for internet access now.
PLS Web Client?Log in to proceed
|Sign up for PLS Reports
& Web Access!
Already subscribed to Reports?
Sign up for Web Access!