Strategy

Lion’s focus

• A targeted first mover green hydrogen production and distribution strategy in Australia
• Seram Island, East Indonesia where Lion has the largest onshore land position in an emerging oil and gas
  province

Key aspects to our strategy:

Green Hydrogen, Australia

• 2019-20 marked an awakening of interest
  amongst countries and large industrial MNCs across hydrogen (H2), H2 fuel cell, electrolyser technology, and
  carbon capture & storage (CCS)
• From 2021 onwards, Lion Energy will work
  towards becoming an internationally recognised Australian green H2 company
• While H2 is still in its nascent stages,
  volumes and revenue are expected to grow exponentially in the coming decade
• Our 2021 direction provides a pathway for
  Lion Energy to participate in the emerging low carbon/emission energy transition

Conventional oil and gas, Indonesia

• The Seram Island hydrocarbon basin is rare, being proven, but
  un-creamed (under explored)
• The Seram Non Bula PSC has existing oil and gas infrastructure
  within our JV’s (roads, jetty’s, tank farms, mini refinery, storage, 500,000bbl marine export terminal etc) to
  enable early commercialisation of discoveries
• High prospectivity in the East Seram PSC on the back of Lion’s
  unique and unrivalled Seram data, knowledge and insight from a long history in Seram E&P dating back 20 years
  eg Lofin Extension
• Lion’s portfolio has existing oil production, development,
  appraisal, and high impact exploration potential
• New tax and royalty regime is conducive to investment and
  shareholder value creation