Lion Energy Limited ( (AU:LIO) ) has shared an announcement.
Lion Energy Limited has reported significant progress in its green hydrogen and oil and gas projects for the first quarter of 2025. The company hosted a Hydrogen Information Day at the Port of Brisbane, showcasing hydrogen applications and engaging with potential partners. They are in the process of selecting an EPC contractor for the Port of Brisbane green hydrogen facility, with negotiations expected to conclude in the second quarter. In the East Seram PSC, Lion Energy is focusing on shallow oil prospects to generate early cash flow, with ongoing engagement with farm-in parties and plans to announce drilling activities by the third quarter.
More about Lion Energy Limited
Lion Energy Limited is an ASX-listed company involved in oil and gas exploration and production, with a new focus on green hydrogen. It operates two conventional PSCs on Seram Island, Indonesia, and is working on establishing Southeast Queensland’s first commercial-scale green hydrogen production and distribution hub.
Technical Sentiment Signal: Buy
Current Market Cap: $3.17M
For a thorough assessment of LIO stock, go to TipRanks’ Stock Analysis page.