Lion Energy Acquires 19.5 Percent Stake In Papua Petroleum

pacificislands.cc     Aug 6, 2008          

By Tereni Kens in Port Moresby Wednesday: August 06, 2008 Lion Energy’s wholly owned subsidiary, Lion International Investments Ltd, secured the approximate one-fifth of Papua Petroleum’s issued capital via a share purchase agreement to acquire 20,775,000 fully paid ordinary shares in Papua Petroleum from Gas Link Global Ltd (a subsidiary of Liquefied Natural Gas Ltd). Papua Petroleum’s oil and gas interests in PNG consist of a 100 percent participating interest in PPLs –285, -286, -287 and –288, covering a combined area of approximately 38,000 square... [read full story]                    


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