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Lion Energy Announces Strategic Review of Assets

Source: www.gulfoilandgas.com 2/14/2018, Location: Asia

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Lion Energy, an ASX listed oil & gas exploration & production company focused on Indonesia, has advised it is undertaking a strategic review of its oil and gas assets.

The board of directors is undertaking a strategic review of the Companyís assets, with a view to rationalising any non-core assets and focussing on a production orientated portfolio of projects. The results of this work are expected in early March, 2018. In addition, the Company continues to review production opportunities in the region with a view to bolstering the companyís oil production in the medium-term.

Lion is an Indonesian focused oil and gas exploration & production company. It has two conventional PSCís, the producing Seram PSC and exciting South Block A PSC containing the Amanah Timur discovery, rights to an large highly prospective conventional area in Eastern Indonesia and is an early mover in the unconventional oil and gas industry. Click here for further information regarding Lion Energy's Indonesian assets.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

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