Lion Energy Ltd (ASX: LIO) Share Price and News

Mr Brimage has in excess of 40 years' experience in the upstream oil and gas industry, in public listed Oil & Gas companies and the service industry, both onshore and offshore. In the service industry, founder and Managing Director of Oilserv Australia in 1982 - the company became a dominant service contractor providing contract field operations, testing and wire-line services, facility design and construction, drilling and work-over services. In the public company arena, demonstrated capability in capacity as CEO to secure and develop producing assets, often via industry counter-cyclical transactions, to transform companies from zero revenue to positive cash flow and profitability, with outcomes in Indonesia and the state and federal shallow waters of the US Gulf Coast. As CEO of an ASX listed entity, early mover in identifying shale opportunities in the US with the farm-in to approximately 60,000 acres in the Niobrara shale play in the states of Colorado and Wyoming in August 2009. Directorships of other listed companies in the 3 years prior to the end of the Financial Period: HyTerra Ltd (current).

Mr Newton has had a 48-year career in oil and gas covering the spectrum of the industry from exploration, development, production and petroleum economics to strategic planning, business development and senior leadership. Mr Newton has spent more than 25 years in leadership and senior resource industry roles in Southeast Asia. Roles included Managing Director for Fletcher Challenge Petroleum in Brunei, President and GM for Santos in Indonesia and CEO for Indonesian listed Energy Mega Persada and Managing Director of Tap Oil Limited. Mr Newton was an active Director of the Indonesian Petroleum Association (IPA) between 2003 and 2008, including serving as President from 2004 to 2007. Mr Newton is an oil and gas adviser to the Jakarta-based Castle Asia Group. Mr Newton is currently a Non-Executive Director of TSX listed CanAsia Energy Corp.

Mr Lewis is a principal and joint founder of corporate advisory firm SmallCap Corporate which is in corporate advice and compliance administration to ASX listed companies. Zane provides the Board with knowledge obtained from his financial and corporate experience in previous appointments. Directorships of other listed companies in the 3 years prior to the end of the Financial Period include Winchester Energy Limited, ceased to be a director on 31 May 2024; Kingsland Global Limited, ceased to be a director on 31 August 2023; 8VI Holdings Limited, ceased to be a director on 14 February 2025.

Mr Soulsby is the CEO of Risco Energy (Risco) and has over 20 years' experience of the oil and gas and resources sector spanning investment banking, corporate business development and management/leadership roles. He initially worked as an accountant, starting his career at KPMG and Western Mining. Mr Soulsby then moved to Potter Warburg (now UBS) in Melbourne as a resources equity research analyst. He subsequently joined ANZ in Melbourne, before being posted to Jakarta and ultimately Singapore as director of corporate finance and merchant banking. As a Director at Indonesian-listed Energi Mega Persada (EMP) from 2003 to 2008, he was responsible for the acquisition of assets which added 525 MMboe to EMP's 2P reserves - a key growth driver for the company. Mr Soulsby has been in securing backing for Risco prior to its incorporation in 2010, as well as growing the company and its capabilities in his role of Chief Executive Officer. Under Mr Soulsby's leadership, Risco has participated in and funded over US$500m in transactions since 2010. He led the valuation creation, and subsequent monetisation, of Risco's first South East Asian oil and gas conventional and unconventional portfolio in 2013.

Mr Servant has more than a decade of experience in investment banking in South-East Asia, with experience in regional oil and gas asset debt funding. Mr Servant's regional investment banking experience is also informed by a background in engineering. Starting his investment banking career with BNP Paribas, Mr Servant then joined Merrill Lynch as a director of Debt Capital Markets Division in Singapore. He went on to become a Director of Standard Merchant Bank's Debt Products Group before joining Risco Energy in 2013.

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