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Indonesia: Lion Energy in agreement to explore highly prospective North Sumatran acreage

19 Dec 2014

Photo - see caption

Lion Energy has joined forces with conventional PSC holders to explore highly prospective North Sumatran acreage


  • Agreement signed with Bohorok conventional PSC holders to jointly evaluate unconventional acreage in Lion’s core Sumatra focus area
  • Application for unconventional joint study to proceed incorporating conventional PSC parties
  • Lion secures option to acquire a 15% interest in the conventional Bohorok PSC
  • Seismic acquisition completed and well planned for 2015
Photo - see caption

Lion Energy has announced that it will join forces with conventional PSC holders Bukit Energy and New Zealand Oil & Gas to jointly explore an area within the prolific North Sumatra Basin. As part of the transaction Lion has an option to acquire a 15% interest in the conventional Bohorok PSC and the conventional PSC partners have the opportunity to acquire a 45% interest in Lion’s unconventional joint study application over a partially overlapping area.

See NZOG announcement: Change in Indonesia permit and acquisition of additional rights

Click here for full announcement

Source: Lion Energy

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