https://www.engineeringnews.co.za

Lion Energy undertaking strategic review of assets

14th February 2018

By: Simone Liedtke

Creamer Media Social Media Editor & Senior Writer

     

Font size: - +

JOHANNESBURG (miningweekly.com) - ASX-listed oil and gas exploration and production company Lion Energy is undertaking a strategic review of its assets, following the changes to the board of directors, which is effectively immediately.

On Wednesday, the company announced the strategic review, which is aimed at rationalising any noncore assets and focusing on a production-oriented portfolio of projects. The review is expected to be completed in early March.

In addition, the company, which has been operating in Indonesia since 1999, continues to review production opportunities in the region with a view to bolstering the company's oil production in the medium term.

The company further announced that Kim Morrison and Stuart Smith have resigned as CEO and executive director of the company, and executive director and CFO, respectively.

Russell Brimage has taken up a role as nonexecutive director, with Tim Soulsby having been appointed as executive chairperson.

The appointments of Zane Lewis and Damien Servant as nonexecutive and executive director, respectively, will be effective from February 13 this year.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Environmental Assurance (Pty) Ltd.
Environmental Assurance (Pty) Ltd.

ENVASS is a customer and solutions-driven environmental consultancy with established divisions, serviced by highly qualified and experienced...

VISIT SHOWROOM 
Universal Storage Systems (SA)
Universal Storage Systems (SA)

South African leader in Steel -Racking, -Shelving, and -Mezzanine flooring. Universal has innovated an approach which encompasses conceptualising,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.117 0.17s - 156pq - 2rq
Subscribe Now