Opic Farms into East Seram PSC

27-Sep-2019

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About Article

• Experienced partner joining Lion in East Seram exploration effort
• OESC deal secures circa US$9m in funding for East Seram PSC
• Seismic survey planning underway and acquisition planned for 2020

Lion Energy Limited (“Lion”), operator of the East Seram PSC via its wholly-owned subsidiary Balam Energy Pte Ltd, is pleased to report that the Taiwanese based CPC Corporation, through its wholly-owned subsidiary, OPIC East Seram Corporation (“OESC”), will acquire a 40% participating interest in the East Seram PSC under a Farmout Agreement (“FOA”) signed Wednesday, 25 September, 2019.

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Opic Farms into East Seram PSC