Lion reports Q2 production from Seram PSC
Tuesday, July 31 2007 - 12:14 AM WIB
ASX-listed junior oil, gas firm Lion Energy Limited reported on Tuesday that cumulative second quarter crude production from Seram (non-Bula) PSC in North was 377,238 barrels of crude oil, or 4,145 BPD.
The company reported that during the quarter HSFO lifting completed was on May 6th 2007 with 364,886 barrels loaded. HSFO in stock at 30th June 2007 was 238,475 barrels.
The next HSFO lifting is expected in August 2007.
Naptha Lifting of 61,984 barrels completed on 19th July 2007. Naptha in stock at 30th June 2007 was 89,921 barrels (prior to load out on July 19th 2007), the company reported.
Lion has 2.5 percent interest in the block, which is operated China?s CITIC. (alex)