Lion's Lofin lifts hopes

DESPITE only having 2.5% of the Lofin-2 well in Indonesia, Lion Energy CEO Kim Morrison has described the well as a material discovery for the junior after the primary target Manusela Limestone flowed gas at up to 17.8 million cubic feet per day.

The results suggest a gas column of at least 1106m, and up to 1300m in a massive structure that could host a potentially sizable gas/condensate accumulation.

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