Lion Energy Advances Green Hydrogen and Oil Projects in Q4 2024
- Lion Energy progresses green hydrogen project with new partners.
- New seismic data reveals promising prospects in East Seram PSC.
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Lion Energy Limited ( (AU:LIO) ) just unveiled an announcement.
Lion Energy Limited reported significant advancements in its green hydrogen and oil and gas projects for the fourth quarter of 2024. The company, in partnership with DGA Energy Solutions Australia and Samsung C&T Corporation, is progressing the development phase of its Port of Brisbane Green Hydrogen Project, with key offtake discussions underway. In the East Seram PSC, new seismic data has revealed promising potential for the Kobi and Waru prospects, with plans to drill in 2026. Additionally, Lion completed a crude oil lifting in December, generating substantial revenue. These developments underscore Lion’s strategic positioning in the energy sector and its commitment to pioneering green hydrogen initiatives.
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Lion Energy Advances Green Hydrogen and Oil Projects in Q4 2024, source