Lion Energy Limited, through its subsidiaries, is actively engaged in the exploration, development, and production of oil and gas assets within Indonesia, while also vigorously pursuing opportunities in the green hydrogen sector in Australia. The company maintains a 2.5% participating interest in the Seram (Non-Bula) Block Production Sharing Contract (PSC), an area of about 1,353 square kilometers located on Seram Island in eastern Indonesia, known for its existing oil production from the Oseil field and the significant Lofin gas discovery. Additionally, it holds a 60% operating interest in the East Seram PSC, covering approximately 4,557 square kilometers also on Seram Island, where exploration for prospective resources is ongoing, having recently received a four-year extension for the block. In its strategic shift towards new energy, the company is establishing a green hydrogen production and refueling hub at the Port of Brisbane, Australia, aiming to serve heavy mobility and industrial applications, and has secured development approval and a long-term lease for this project. This initiative is being advanced through a joint development agreement with partners, who contributed an initial $3.2 million, to progress towards construction and initial operations. Lion Energy Limited was established in 1970 and operates from its base in Subiaco, Australia.