Seascape Energy Asia Raises £5m in Oversubscribed Share Offerings

An update from Longboat Energy Plc ( (GB:SEA) ) is now available.

Seascape Energy Asia has completed an oversubscribed WRAP Retail Offer at 70 pence per share, raising about £840,000 and prompting the issue of 1.2 million new ordinary shares. Together with an earlier placing and subscription of 6 million shares, the company has secured total gross proceeds of approximately £5 million.

The new shares from the placing, subscription and retail offer are expected to be admitted to trading on AIM around 30 March 2026, lifting Seascape’s issued share capital to 70,339,111 ordinary shares. The enlarged capital base strengthens the company’s funding position, while the strong retail demand underscores investor interest in its Southeast Asian E&P strategy and will affect shareholder voting dynamics under UK disclosure rules.

The most recent analyst rating on (GB:SEA) stock is a Hold with a £78.00 price target. To see the full list of analyst forecasts on Longboat Energy Plc stock, see the GB:SEA Stock Forecast page.

Spark’s Take on SEA Stock

According to Spark, TipRanks’ AI Analyst, SEA is a Neutral.

The score is held down primarily by very weak financial performance (no revenue, widening losses, sustained negative free cash flow, and sharp equity erosion). Technicals are only neutral with modest near-term strength, while valuation is constrained by a negative P/E and no provided dividend yield.

To see Spark’s full report on SEA stock, click here.

More about Longboat Energy Plc

Seascape Energy Asia plc is an exploration and production company listed on AIM and focused on oil and gas assets in Southeast Asia. The company targets upstream opportunities in the region’s energy sector, positioning itself to supply growing local and regional demand for hydrocarbons.

Average Trading Volume: 162,467

Technical Sentiment Signal: Buy

Current Market Cap: £47.99M

See more data about SEA stock on TipRanks’ Stock Analysis page.