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An update from Longboat Energy Plc ( (GB:SEA) ) is now available.
Seascape Energy Asia plc has been awarded a 100% participating interest in the Temaris Cluster Small Field Asset Production Sharing Contract offshore Peninsular Malaysia. This marks the company’s first development operatorship and represents a significant step in expanding its business scale and scope. The Temaris Cluster, containing two gas discoveries, Tembakau and Mengkuang, is expected to boost gas supply to Peninsular Malaysia, which faces a potential deficit in the coming years. Seascape plans a low-cost development plan, utilizing existing cash resources, and aims to deliver a Field Development and Abandonment Plan within 18 months. This award positions Seascape as a key player in the Malaysian oil and gas sector, with potential production exceeding 20,000 barrels of oil equivalent per day in the future.
The most recent analyst rating on (GB:SEA) stock is a Buy with a £50.00 price target. To see the full list of analyst forecasts on Longboat Energy Plc stock, see the GB:SEA Stock Forecast page.
More about Longboat Energy Plc
Seascape Energy Asia plc is an exploration and production (E&P) company focused on Southeast Asia. The company specializes in the development and operation of oil and gas fields, with a particular emphasis on expanding its portfolio in Malaysia.
Average Trading Volume: 193,043
Technical Sentiment Signal: Buy
Current Market Cap: £23.03M
For an in-depth examination of SEA stock, go to TipRanks’ Overview page.