Longboat Energy Plc (GB:SEA)
LSE:SEA
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Longboat Energy Plc
(LSE:SEA)
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Rating:45Neutral
Price Target:
78.00 p
▲(15.56% Upside)
Action:N/ADate:01/04/26
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.
Positive Factors
Low Leverage
A zero reported debt balance in the most recent years structurally reduces solvency and interest-rate exposure, giving management flexibility to fund exploration or seek project partners rather than servicing lenders. This lowers bankruptcy risk and preserves optionality over months ahead.
Negative Factors
No Revenue; Widening Losses
Sustained zero revenue and a sharp increase in losses indicate the business has not reached commercial production and is burning capital to progress assets. Without near-term revenue, the company depends on external funding, increasing dilution or project-delivery stress over the coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
A zero reported debt balance in the most recent years structurally reduces solvency and interest-rate exposure, giving management flexibility to fund exploration or seek project partners rather than servicing lenders. This lowers bankruptcy risk and preserves optionality over months ahead.
Read all positive factors
Longboat Energy Plc (SEA) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£48.62M
Dividend YieldN/A
Average Volume (3M)242.80K
Price to Earnings (P/E)―
Beta (1Y)-0.15
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
Employees11
SectorEnergy
Sector Strength52
IndustryOil & Gas Energy
Share Statistics
EPS (TTM)N/A
Shares Outstanding63,139,110
10 Day Avg. Volume398,570
30 Day Avg. Volume242,803
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)6.75
Price to Sales (P/S)0.00
P/FCF Ratio-4.49
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.07
Revenue Forecast (FY)N/A
Longboat Energy Plc Business Overview & Revenue Model
Company Description
Seascape Energy Asia plc, a full-cycle E&P company, focuses on acquiring oil and gas assets in Norway, Malaysia, South-East Asia, and the United Kingdom. The company was formerly known as Longboat Energy plc and changed its name to Seascape Energy...
How the Company Makes Money
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Longboat Energy Plc Financial Statement Overview
Summary
Income Statement
6
Very Negative
Balance Sheet
28
Negative
Cash Flow
9
Very Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -6.82K | -7.41K | -10.48K | -10.30K | -30.06K | 0.00 |
| EBITDA | -5.40M | -5.67M | -3.85M | -2.58M | -11.40M | -2.38M |
| Net Income | -6.44M | -16.45M | -4.19M | -15.47M | -4.68M | -1.63M |
Balance Sheet | ||||||
| Total Assets | 9.48M | 4.42M | 18.07M | 89.15M | 60.24M | 7.89M |
| Cash, Cash Equivalents and Short-Term Investments | 8.65M | 2.47M | 3.68M | 12.06M | 26.28M | 7.02M |
| Total Debt | 0.00 | 0.00 | 0.00 | 37.25M | 582.80K | 0.00 |
| Total Liabilities | 608.26K | 1.75M | 1.13M | 68.21M | 24.12M | 352.04K |
| Stockholders Equity | 8.87M | 2.66M | 16.94M | 20.93M | 36.12M | 7.53M |
Cash Flow | ||||||
| Free Cash Flow | -4.68M | -4.01M | -6.78M | -7.58M | -29.31M | -2.20M |
| Operating Cash Flow | -4.66M | -3.93M | -6.62M | -7.57M | -2.32M | -2.19M |
| Investing Cash Flow | 8.87M | 2.09M | -3.64M | -43.08M | -9.80M | 6.38K |
| Financing Cash Flow | 1.78M | 1.78M | 2.03M | 35.18M | 31.34M | 0.00 |
Longboat Energy Plc Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | £44.89M | -13.23 | 5.77% | ― | -54.53% | -64.24% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
47 Neutral | £34.74M | -1.36 | -31.73% | ― | -2.69% | -5.00% | |
46 Neutral | £56.98M | -3.73 | -47.49% | ― | ― | ― | |
45 Neutral | £48.62M | -3.28 | -111.60% | ― | ― | ― | |
44 Neutral | £35.61M | -16.69 | -6.84% | ― | ― | ― |
* Energy Sector Average
GB:SEA
Longboat Energy Plc
77.00
46.00
148.39%
GB:ENW
Enwell Energy
14.00
-5.50
-28.21%
GB:BOR
Borders & Southern Petroleum
9.35
4.29
84.78%
GB:JOG
Jersey Oil and Gas
109.00
-15.50
-12.45%
GB:UPL
Upland Resources
3.30
2.07
169.39%
GB:CHAR
Chariot Oil & Gas
1.21
-0.49
-28.62%
Longboat Energy Plc Corporate Events
Delistings and Listing ChangesRegulatory Filings and Compliance
Seascape Energy Asia Issues New Shares Following Option Exercise
Neutral
Feb 11, 2026
Seascape Energy Asia has applied to the London Stock Exchange for the admission of 11,143 new ordinary shares to trading on AIM, following the exercise of share options by a former employee under its Long Term Incentive Plan. Upon admission, expec...
Business Operations and Strategy
Seascape Energy Asia Boosts Temaris Gas Resource to 950 bcf After Keladi Upgrade
Positive
Jan 29, 2026
Seascape Energy Asia has reported a material upgrade to gas resources in its Temaris block offshore Malaysia, with an independent Competent Persons Report from Sproule ERCE now assigning 950 bcf of net mean unrisked prospective resources, a 38% in...
Business Operations and Strategy
Seascape Energy Asia Boosts Temaris Gas Prospects with Major Keladi Upgrade
Positive
Jan 29, 2026
Seascape Energy Asia has reported a material upgrade to its Temaris block resource base offshore Malaysia, with an updated independent evaluation by Sproule ERCE now assigning 950 bcf of net mean unrisked Prospective Resources to the licence, a 38...
Business Operations and StrategyExecutive/Board Changes
Seascape Energy Asia Boosts Management Alignment with New LTIP and NED Option Awards
Positive
Jan 13, 2026
Seascape Energy Asia has granted new long-term incentive plan (LTIP) awards to its executive directors and senior management, who have opted to take a large part of their 2025 annual bonus as nil-cost share options, and has also made an option awa...
Business Operations and StrategyExecutive/Board Changes
Seascape Energy Asia Refreshes Board as It Deepens Southeast Asia E&P Focus
Positive
Jan 13, 2026
Seascape Energy Asia has strengthened its board with the appointment of veteran oil and gas executive Michael (Mike) J Buck as an Independent Non-executive Director, bringing over four decades of international EP experience across the UK, Indonesi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.