Lion Energy Limited engages in oil and gas exploration, development, and production, as well as investments in the oil and gas sector, with a strategic expansion into green hydrogen production and distribution. The company primarily operates in Indonesia, where it holds interests in the Seram (Non-Bula) Block Production Sharing Contract (PSC) and the East Seram PSC on Seram Island, encompassing significant oil and gas fields including the 1.5-2 trillion cubic feet (TCF) Lofin gas discovery. Lion's oil and gas segment generates revenue mainly through the sale of oil lifted from these Indonesian blocks. Concurrently, Lion is advancing its green hydrogen ambitions through the development of a production and refueling hub at the Port of Brisbane in Australia, targeting heavy mobility applications.
Recent major developments include a definitive joint development agreement with DGA Energy Solutions Australia, a subsidiary of Mitsubishi Corporation, and Samsung C&T Corporation to co-develop the green hydrogen hub at the Port of Brisbane. This partnership involves initial funding contributions totaling A$3.7 million from DGA and Samsung, securing each a 25% stake in the project, with Lion retaining a 50% lead interest. The project aims to exceed 300 tonnes of annual green hydrogen production capacity, supported by procurement agreements for key equipment such as electrolysers and hydrogen tube trailers, which are leased commercially until deployment.
In 2025, Lion also strategically divested a 2.5% interest in the Seram (Non-Bula) PSC to reduce exploration liabilities while maintaining exposure to its core assets. The company continues to progress its exploration efforts in the East Seram PSC, preparing for drilling activities planned for 2026, supported by new seismic data identifying promising prospects. Lion Energy was founded in 1970 and is headquartered in Subiaco, Western Australia. It operates through two reporting segments: Oil & Gas and Green Hydrogen, targeting energy markets in Indonesia and Australia.
Lion Energy aims to leverage its dual focus on conventional hydrocarbon resources and emerging renewable energy technologies to position itself as a pioneer in green hydrogen production whilst maintaining its established oil and gas operations in Southeast Asia. This dual strategy reflects the company's commitment to energy transition and sustainable growth in an evolving energy landscape.