"Lion Energy plans to fund the acquisition through the sale of its Bula oil field in Indonesia and the private placement of 295 million ordinary shares at $0.01 cents per share."
Bula sale open to currency risk. More scrip to be issued on top of billions already on issue. Passive investments makes you wonder if any management is required at LIO at all and makes you scratch your head with such a strategy.
run for the hills imho
gulf of mexico, page-3
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