News listings
Equatorial Guinea Licence Round

energy-pedia general news

Indonesia flagIndonesia

Central & SE Asia / Australasia >>> Indonesia

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

Highlights

  • 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





Bookmark and Share


A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.


Subscriber Only Deals

Current deals: 1689
Completed deals: 5206

Company Profiles

Current Company Profiles: 2643

Corporate Activity

Current Corporate Activity articles: 3280

Companies Looking

Current number of articles: 427

Company Sales

Current Company Sales articles:1356

Geostudies

Current Geostudies articles: 638

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...


energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...



energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...

Subscribe

Subscribe to the FREE
energy-pedia Daily Newsletter
Subscribe

Rose & Assocs 149
KL Publishing
Government of South Australia
count geophysics
Bayphase
Union Jack Oil 149
SLR Consulting logo
RSK Logo 149
Geoespace
energy365
OPC
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans
UNITED KINGDOM

Tel: +44(0)1727 822675

Email: info@energy-pedia.com