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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Seascape Energy Asia Plc | SEA | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -1.00 | -2.50% | 39.00 | 11:58:43 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 40.00 | 37.50 | 40.00 | 40.00 |
| Industry Sector |
|---|
| ELECTRICITY |
| Top Posts |
|---|
Posted at 29/10/2024 19:37 by euclid5 sounds far to high $30m / $40m cash element - £23mhow does that poster know this info, did it come from the BoD, or making it up - many investors will be all over this if they officially knew they were going to get circa $30m / $40m in their farm out - way to high |
Posted at 25/10/2024 11:13 by talkman2 Investors should also take a look at Deltic Energy. Bombed out , 25% of a potential very significant gas find in the NS ( broker put value at 77p , currently trading around 8p ) and now moving its focus overseas . Check it out and dyor. |
Posted at 23/10/2024 09:50 by zengas The budget to run the company has been cut right back after the streamlining in June and they had enough to run it to end of Q1 2025.I can't see them giving investors a share price valuation of 75p-100p for DEWA and £14.65 for Kertang one day and dilute that figure the next imo. Why so confident on saying a 'near term' announcement by year end on the 2A (Kertang) farmout. They've also based that on retaining 15.75%. I would expect negotiations must be well advanced when they are touting those figures. The question is can they pick up a few $million as part of the farmout process that they are hoping for. I looked at the deals G Murphy was involved with for Active Energy re the farmouts to Total and CNOOC (led to the Venus discovery) but as Active is a private company the details weren't divulged that i can find. It's her skill/contacts i hope that lands us a good deal given the industry interest and her wide advisory role. As for DEWA financing - perhaps RBL and cash isn't needed until a year away yet. Once a project is sanctioned the 2C will become actual 2P reserves. The CPR and valuation on DEWA is to be ready by end H1 next year so i think only then will we see the financing route but as they say they intend to get a financing deal rather than dilution so RBL perhaps. Where perhaps a raise could come from would be on the basis of a producing asset if it's deemed value accretive but when that could happen is anyones guess - but i don't see that on the horizon just yet. They are looking at building a train of similar opportunities to DEWA so i would assume they would still continue to come at Zero cost and likewise be debt financed - is the next one 6+ months away/summer next year ? As they said, Petronas is sending a lot of stuff their way and have more than enough to look at. DEWA production should give us around 5,000 boepd based on the 100 mmcf/d expectation along with the up to 2,500 bls condensate/day and given they have to make the most of the PSC 10 yr production timescale i expect that to be up and running/producing in 24 months. Development plan to be completed H1 next year. All in, this is materially under rated of what's in store just on the DRO front re DEWA, DEWA material upside expectation and any further assets like that - where we pick these up at zero cost - compared to spending $$$$ drilling actual wells to find gas is a rare opportunity. Effectively booking reserves and resources at zero cost and i can see us having north of 50 mmboe in time regardless of block 2A. |
Posted at 22/10/2024 16:17 by ohisay Investor Meet ..As I said before you couldnt wish for better guys to safeguard your investment here . |
Posted at 22/10/2024 09:22 by smackeraim Good stuff this on investor meet! |
Posted at 22/10/2024 07:52 by smackeraim https://x.com/invest |
Posted at 14/10/2024 15:24 by katsy the Company announced that it had provisionally been granted an award, subject to the successful negotiation of certain key contractual terms, for acreage in shallow water offshore Sarawak containing several material, undeveloped gas fields capable of near-term development.Looks like investors (or traders) are getting anxious over these negotiations. Remember nothing is a given until it's signed and sealed. |
Posted at 08/10/2024 04:27 by ohisay If you missed the Investor Meet .. |
Posted at 30/9/2024 15:27 by ohisay Nothing new ..well you werent watching the Investor Meet and James Menzies .Whether thats a material issue we will find out fairly soon . I bought another 60 k more today at circa 15p .FWIW |
Posted at 01/9/2024 10:21 by darcon From the Longboat Energy RNS:"Following the release of its interim results, Nick Ingrassia (CEO) and James Menzies (Executive Chairman) will host a live presentation for investors via Investor Meet Company on 19 September 2024 at 11:00 AM BST. Investors can sign up to the presentation via: Investors who follow Longboat on the Investor Meet Company platform will automatically be invited. Longboat's near-term focus remains on its transformational Malaysian activities: · The farm-out of Block 2A is well underway and the Company remains confident of executing a transaction during Q4 2024; and · Negotiations on a production sharing contract, located in shallow water offshore Sarawak, Malaysia, containing a portfolio of material, undeveloped gas fields are nearing completion. The negotiations have involved multiple parties, including Federal and State entities, and are anticipated to be announced in the coming weeks." In order to reflect the recent change in strategic focus, the board has decided to rename and rebrand the Company as Seascape Energy Asia plc and change its ticker symbol on the London Stock Exchange to 'SEA'. The changes will be effected in the coming weeks and a further announcement will be made in due course. |
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