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An update from Lion Energy Limited ( (AU:LIO) ) is now available.
Lion Energy has secured funding for the Bula Karang-1 exploration well in the East Seram PSC after finalising farm-out terms with partner OPIC East Seram Corporation, which will fund 88% of drilling costs in return for an increased stake. The well, targeting a mid-case prospective resource of 12 mmboe and expected to spud in the June–July 2026 window, will be drilled from onshore to an offshore target to lower capital costs and enable rapid monetisation if successful, leveraging nearby producing fields and existing export infrastructure; meanwhile, Lion is moderating expenditure on its Port of Brisbane green hydrogen project while it seeks government grant support, underscoring a disciplined capital approach across both its hydrocarbons and emerging hydrogen portfolio.
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 ASX-listed oil and gas exploration and production company focused on Indonesia’s Seram Island, where it operates the East Seram Production Sharing Contract (PSC) containing shallow oil and large fold-belt oil and gas prospects. The company is also developing a green hydrogen business, including plans to build Southeast Queensland’s first commercial-scale green hydrogen production and distribution hub.
YTD Price Performance: 63.64%
Average Trading Volume: 1,083,812
Technical Sentiment Signal: Buy
Current Market Cap: A$8.14M
See more insights into LIO stock on TipRanks’ Stock Analysis page.