Still plenty of momentum here |
Buying spree into close? 45p? |
Warren Buffets quote
" Stocks sell at silly prices from time to time. Most stocks at one time or another sell at very silly prices and it doesn't take a high IQ to figure out that they're cheap. But it does take a temperament that's willing to step up and actually act. "
Still cheap relative to DEWA reserves/resources alone never mind the addition of a follow on opportunity. |
If you are new to seascape and want to enhance your knowledge:
Around 37 minutes they talk about other potential opportunities is very interesting imho. I think Zengas has pointed this out before though!
I would also recommend going back to the very start of this thread and reading through, there are some very intelligent posters who understand this a lot more than me. It is well worth your time to understand exctly what this situation is and what the potential is imho, nai, dyor. |
Farm out RNS imminent 🚀 |
Thanks. The RNS states they have sold. |
PCP bought in when the company was named Longboat Energy and was Norway focused, prior to the Malaysia pivot. Hence their description as a 'legacy shareholder'. |
What are Progressive upto? |
sp movement suggests news is imminent. |
 From 27th June:
In February 2023, Longboat announced it had been awarded a 36.75% operated interest in a Production Sharing Contract ("PSC") for Block 2A alongside partners Petronas Carigali Sdn. Bhd (40%), Petroleum Sarawak Exploration & Production Sdn. Bhd. (7.5%) and Topaz Number One Limited (15.75%) as part of the Malaysian Bid Round 2022. Subsequently, Longboat purchased Topaz Number One Limited in a transaction announced in September 2023 bringing its total holdings in the block to 52.50%.
Block 2A is located offshore Sarawak, eastern Malaysia in the North Luconia hydrocarbon province covering approximately 12,000 km2 in water depths between 100-1,400 metres. Bintulu LNG, one of the world's largest LNG facilities with capacity of 30 MTPA, is located onshore on the coast of Sarawak.
The PSC is split into two terms; the first term (3-years) entails minimal work commitments focused on subsurface studies with the second term (2-years) requiring the drilling of one firm well to depth > 3,000 metres.
Following recent increased interest levels in exploration for world-scale fields, multiple large companies have approached Longboat regarding Block 2A. Having consulted with PETRONAS, the Company now intends to run a farm-out process during H2-24 to identify a suitable partner.
From 30th August:
The farm-out of Block 2A is well underway and the Company remains confident of executing a transaction during Q4 2024;
I wonder if there are other deals in the pipeline as well?
57m shares in issue I believe as well. |
Market cap is still low at 38p ( about GBP 24 million fully diluted ).
Farm-out news due any day |
Don't miss the boat, the anchor's are lifted and ready to sail to £1+🚀 |
Moves quick when there's no lead balloon attached |
Chart looks ready to rock |
Definitely ripvanwinkle, the bid was above mid all afternoon, the mm's should really have moved it up tbf. Difficult to work out what was what but there is a decent buyer in atm for sure. Roll on that farmout news! |
With so few shares in issue, any absense of a seller could see the share price move north swiftly, considering what's on the horizon for Seascape. I have topped up further on the PCP news this afternoon. Good luck all, it's gonna be an exciting end to the year and 2025. |
Legacy Longboat shareholders giving away free shares - yes please, thanks very much guys! |
Yup, they should be pretty much cleared by now 185k left is nothing, could get interesting. nai, dyor! |
Seller nearly out 🚀 |
Our seller nearly out onwards from here |
Dunno about the weekend, news will come when it comes. They are offering to pay 35.3p for my shares now which is way above mid though, not that I am remotely going to sell anywhere near this price with the news due of course! |
Hotting up not long now🚀🚀;🚀🚀🚀 |
"devonlad" ticking up nicely. Would not want to be out for the weekend 😄👍 |
Weak holders removed, looking for another move now and added a few more. Tick tock! |
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