• Board & management and have extensive experience in the Asian energy space; spanning technical, operational, commercial, financial and managerial disciplines; public and private environments; successful entrepreneurial track records.

• Provides cash flow, development and appraisal/exploration risk

• Lion has the largest foothold on Seram Island, a proven basin with high prospectivity and excellent infrastructure.
• Multi-tcf gas and multi-hundred mmbbl oil conventional exploration potential.
• Low cost operations, low commitments on world class assets

Indonesia has:

• Robust tax and royalty fiscal terms and a lighter hand of the regulator (eg Oseil Oil Field includes a 90% pre-tax contractor take)
• A history of stability in oil and gas contracts;
• Extensive oil and gas industry infrastructure and workforce;
• Strong domestic energy demand;
• High gas prices.