Longboat Energy Plc ( (GB:SEA) ) has issued an announcement.
Seascape Energy Asia plc has announced the payment of the first tranche of contingent consideration related to its acquisition of Topaz Number One Limited, following the farm-out of a 42.5% interest in Block 2A. This payment, valued at US$125,000, is being made through the issuance of 278,870 new ordinary shares. The shares will be admitted to trading on AIM, increasing the company’s total issued share capital to 63,097,816 ordinary shares. This move is expected to impact the company’s shareholding structure, with Executive Chairman James Menzies and Executive Director Pierre Eliet seeing changes in their respective holdings.
More about Longboat Energy Plc
Seascape Energy Asia plc is an exploration and production (E&P) company focused on Southeast Asia. The company is involved in the energy sector, primarily dealing with the exploration and production of oil and gas resources.
YTD Price Performance: 17.60%
Average Trading Volume: 184,783
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £23.09M
See more data about SEA stock on TipRanks’ Stock Analysis page.