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An announcement from Longboat Energy Plc ( (GB:SEA) ) is now available.
Seascape Energy Asia PLC has announced that its joint venture partners have approved the drilling of the Kertang prospect in Deepwater Block 2A, offshore Malaysia, pending formal approval from Petronas MPM. This decision marks a significant step in Seascape’s exploration efforts, as the Kertang prospect is one of the largest undrilled structures in Malaysia, with potential resources exceeding 9 trillion cubic feet of gas. The company is fully carried by INPEX CORPORATION through the exploration phase, providing shareholders with exposure to potential discoveries at no cost. The drilling is part of a broader campaign across multiple blocks in Malaysia, which could enhance Seascape’s position in the Southeast Asian energy market.
More about Longboat Energy Plc
Seascape Energy Asia PLC is an exploration and production (E&P) company focused on Southeast Asia, particularly in offshore Malaysia. The company is involved in the exploration and development of hydrocarbon resources, with a significant focus on deepwater projects.
Average Trading Volume: 216,188
Technical Sentiment Signal: Buy
Current Market Cap: £55.55M
Find detailed analytics on SEA stock on TipRanks’ Stock Analysis page.