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

• Provide good cashflow; diversify exploration risk; excellent upside
• Provide operating synergies with unconventional rights.

• Already “staked a claim” over 8,000 sq.km (net) through the Joint Study process, which is a precursor to obtain Production Sharing Contracts.

• Significant upside with large, attractive prospects in conventional Lion held exploration plays.
• Multi-tcf gas and multi-hundred mmbbl oil unconventional exploration potential.

Indonesia has:

• Good fiscal terms for unconventionals;
• A history of stability in oil and gas contracts;
• Extensive oil and gas industry infrastructure and workforce;
• Strong domestic energy demand;
• High gas prices.