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The latest announcement is out from Longboat Energy Plc ( (GB:SEA) ).
Seascape Energy has announced the completion of a farm-out agreement for a 42.5% stake in Block 2A with INPEX CORPORATION, maintaining a 10% interest and anticipating a cash balance of approximately $12 million by Q1 2025. The company aims to expand its portfolio through new licensing rounds and potential mergers and acquisitions, positioning for growth in Southeast Asia amid increasing regional power demand.
More about Longboat Energy Plc
Seascape Energy Asia PLC is an exploration and production (E&P) company focused on Southeast Asia. It is involved in the oil and gas industry, with interests in projects like the Block 2A Production Sharing Contract and the DEWA cluster in Malaysia.
YTD Price Performance: 5.60%
Average Trading Volume: 454,587
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £20.73M
For detailed information about SEA stock, go to TipRanks’ Stock Analysis page.
