Narrated and illustrated is the killing of the Nemean Lion, the first labour (protos athlos), source of Heracles trademark skin. So the fragment probably comes from the beginning of the roll.
In the second of the three scenes Heracles is depicted as naked, strangling the tawny lion by pressing its head under his armpit. His club is coloured yellow, but it seems to lean against something invisible; the identity of the object over the club is a puzzle. The lion stands on higher, green-coloured ground. The other two scenes are equally mysterious: the third very probably shows Heracles holding the lion skin (coloured green) in his strong arms, with legs and tail dangling.
The Oxyrhynchus Papyri vol. XXII no. 2331
Scribes and Scholars