With current and expected news flow share price cannot stay at these levels for long. |
With the ink barely dry on its latest production sharing contract in Malaysia, UK independent Seascape Energy already has its sights on other upstream opportunities in the country and within Southeast Asia.
Seascape executive chairman, James Menzies, compared the vibrancy and welcoming investment climate of Malaysia's E&P scene with that of the UK today.
'There are plenty of opportunities ..we are being approached by Petronas ...they want us to come and evaluate opportunities that they have' |
Profit taking is very healthy for any stock when it's bagged a couple of times. |
Market makers having a fun day. A little profit taking before the next hike up.Finish 40p+👍 |
It helps to see the trades going through... |
Even if it does, they will do it post farmout which is going to happen this year. I am not averse to them doing a raise if it progresses things faster, that is really the entire point of the stock market. |
If they want to.raise a small amount of GBP3 to 5 million let them go ahead but imo will not happen. |
I did listen, yes. I heard "minimise and hopefully eliminate" dilution a couple of times. I certainly didn't hear it being ruled out. |
They could probably place 25m shares at close to 40p now Never say never That would be a positive of course |
No Sludgesurfer, no opportunic raises here - did you not watch last weeks presentation? |
It seems likely to me that they'll raise some cash off the back of this bounce. We're going into November and they'll run out of cash in Q1 '25. Whilst a farm down/out might result in some upfront cash, with cash running out in a few months it's not the strongest negotiating stance. |
Moves fast both ways this one! |
Should be double that before the 2A farm out imo.Too cheap at GBP 21 Million market cap |
Hold on tight. |
57.1 million shares in issue, so valuation here still only £21.3m. Very cheap. |
Spot on"Hamid" one in a million opportunity as will be reflected in the share price over the next few days weeks and months.🚀8640;🚀Ԇ40;🚀 |
Longboat’s CEO, Nick Ingrassia, noted: “I am extremely pleased the results of the ERCE CPR confirms Longboat’s internal view of the world-class scale of the Kertang prospect. Based on the excellent subsurface work undertaken to date by the Longboat team, we believe that Kertang is one of the largest undrilled structures in Malaysia and look forward to working with our partners PETRONAS and Petros to progress the prospect towards drilling in the next 18 months."
Full article:-
hxxps://www.offshore-energy.biz/partners-to-work-on-making-one-of-malaysias-largest-untapped-prospects-drill-ready-in-next-18-months/
So, no drilling till the end of 2025, provided a farm out partner can be found!! |
Misoolisland is a chat box |
This is truly one of those rare, exceptional opportunities! With nearly 30 years of trading experience, I can confidently say that chances like this don’t come around often. The path is laid out, and the potential within is both clear and measurable, we are set for exciting ride both near term and throughout 2025 |
More than good "misootisland" imhho this could be the one in a million. |
is this a good share |
Would not want to be out for the weekend. Another 100%+ next week? |
Thanks Someuwin, you're a star! That's such a stunning note when you think about the potential here. |
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