Filed with ASX · · 3 pages · English
The rig and associated equipment are expected to arrive at the wellsite by early November, with drilling scheduled to commence shortly thereafter. The exploration well aims to target significant prospective oil resources, with a geological chance of success noted in the report. Lion's Chairman expressed optimism about this milestone and the potential of the Bula Karang prospect as drilling progresses.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
www.lionenergy.com.au 1Prospective resources are those quantities of petroleum estimated, as of a given date, to be potentially recoverable from undiscovered accumulations by application of future development projects. Prospective resources have both an associated chance of discovery (geological...
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