Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
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.
More about Lion Energy Limited
Lion Energy Limited is an ASX-listed company specializing in oil and gas exploration and production, with a new focus on green hydrogen. The company operates two conventional Petroleum Sharing Contracts (PSCs) on Seram Island, Indonesia, and is aiming to establish Southeast Queensland’s first commercial green hydrogen production and distribution hub.
YTD Price Performance: 0%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $4.82M
See more data about LIO stock on TipRanks’ Stock Analysis page.
