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Lion Energy provides update on operations at Seram PSC in Eastern Indonesia


Published May 14, 2014
Lion Energy Ltd

Lion Energy reported that the company's CEO Kim Morrison noted “Oseil-21 continues the positive news from the Seram Production Sharing Contract (PSC) on the island of Seram in eastern Indonesia. Combined with the Oseil-26 well it has significantly increased production from the Oseil field complex. We now look forward to the appraisal of the exciting Lofin gas/oil discovery.”

The Oseil-21 development well is a follow-up to the successful Oseil-26 well that continues to produce strongly, at a rate of approximately 600 barrels of oil per day (bopd) on a 23/64 inch choke, with less than 1 percent water cut.

Tags: Lion Energy Corp.




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