News & Reports
Opic Farms into East Seram PSC
- 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.