Longboat Energy Plc (GB:LBE) has released an update.
Longboat Energy, an up-and-coming Southeast Asia-focused E&P company, is set to exit the Norwegian market after gaining necessary approvals to sell its majority stake in Longboat Japex Norge AS. Concurrently, the company has generated significant buzz with its giant Kertang prospect in Malaysia, which boasts substantial prospective resources, leading to talks with several large companies and plans for a partnership farm-out in the second half of 2024. These strategic moves come as Longboat Energy prepares for its Annual General Meeting and an investor presentation later in the day.
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