Thanks chip.
I realized my post wasn’t clear, when active the current will fluctuate between 120mA and 250mA (mostly 120mA). But when in power down, the current consumption is of just 30uA.
As far as I understand, the recommended limit for most 3.7v lipo batteries is 2.8-2.9V. Won’t the LDO stop working @3.5V? (which means I only get to use the battery while in >= 3.5V, instead of >= 2.9V). Do you feel this is negligible? I am asking because I have no experience with lipo batteries.