THIS ANNOUNCEMENT DOES NOT CONTAIN INSIDE INFORMATION FOR THE
PURPOSES OF ARTICLE 7 OF REGULATION 596/2014 AS AMENDED AND
TRANSPOSED INTO UK LAW IN ACCORDANCE WITH THE EUROPEAN UNION
(WITHDRAWAL) ACT 2018 ("UK MAR").
30 August
2024
Longboat Energy
plc
(the "Company", "Longboat
Energy" or "Longboat")
Longboat Energy, an E&P company
focused on Southeast Asia, will release its interim financial
results for the period to 30 June 2024 on Thursday, 19
September 2024.
Following the release of its interim
results, Nick Ingrassia (CEO) and James Menzies (Executive
Chairman) will host a live presentation for investors via Investor
Meet Company on 19 September
2024 at 11:00 AM BST.
Investors can sign up to the
presentation via:
https://www.investormeetcompany.com/longboat-energy-plc/register-investor.
Investors who follow Longboat on the Investor Meet Company platform
will automatically be invited.
Longboat's near-term focus remains
on its transformational Malaysian activities:
·
The farm-out of Block 2A is well underway and the
Company remains confident of executing a transaction during Q4
2024; and
·
Negotiations on a production sharing contract,
located in shallow water offshore Sarawak, Malaysia, containing a
portfolio of material, undeveloped gas fields are nearing
completion. The negotiations have involved multiple parties,
including Federal and State entities, and are anticipated to be
announced in the coming weeks.
In order to reflect the recent
change in strategic focus, the board has decided to rename and
rebrand the Company as Seascape Energy Asia plc and change its
ticker symbol on the London Stock Exchange to 'SEA'. The changes
will be effected in the coming weeks and a further announcement
will be made in due course.
Nick Ingrassia, CEO of Longboat, commented:
"The change in name to Seascape
Energy Asia plc represents the transformation of Longboat into a
Southeast Asian-focused E&P company. We are excited about our
growing portfolio which we expect to deliver several value
inflection points in the near-term. We look forward to working with
all of our stakeholders to create value as we seek to grow the
business under our new brand."
Ends
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Enquiries:
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Longboat Energy
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via
FTI
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Nick Ingrassia (Chief
Executive)
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Stifel (Nomad and Joint Broker)
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Tel: +44 20 7710 7600
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Callum Stewart
Jason Grossman
Ashton Clanfield
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SNELLongboatEnergy@Stifel.com
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Cavendish Capital Markets Limited (Joint
Broker)
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Tel: +44 20 7397 8900
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Neil McDonald
Pete Lynch
Leif Powis
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