EXPLORATION

Lion's Indonesian synergy

PERTH-based Lion Energy has snagged a deal with New Zealand Oil and Gas and Bukit Energy in North Sumatra, with the prospect of acquiring a 15% interest in the joint venture's conventional Bohorok production sharing contract in the south of the North Sumatra Basin.

Andrew Snelling

In return, the two partners will have the opportunity to acquire a 45% interest in a pending 5000sq.km unconventional joint study application made by Lion in 2012, filling the "joint" pre-requisite needed...

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