Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
An update from Lion Energy Limited ( (AU:LIO) ) is now available.
Lion Energy has provided an investor update highlighting a potential new oil play at Bula Bay on Seram Island in eastern Indonesia. The company outlines that the area may contain prospective petroleum resources, defined as potentially recoverable quantities from undiscovered accumulations, but stresses that further exploration, appraisal and evaluation are required to confirm any significant moveable hydrocarbons and future development potential, underscoring both the opportunity and the technical and commercial risks for investors.
The most recent analyst rating on (AU:LIO) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Lion Energy Limited stock, see the AU:LIO Stock Forecast page.
More about Lion Energy Limited
Lion Energy Limited is an Australian-listed oil and gas exploration and production company with a focus on Southeast Asia, particularly Indonesia, where it targets conventional petroleum resources through exploration, appraisal and development activities.
Average Trading Volume: 1,068,118
Technical Sentiment Signal: Buy
Current Market Cap: A$8.14M
For detailed information about LIO stock, go to TipRanks’ Stock Analysis page.