Seascape Energy Asia Share Discussion Threads

[jungmana] 30/9/2024 11:46

The DRO deal is done imo. Just waiting for final signatures which they were expecting by today.
looking forward to Q4 here

[sogoesit] 30/9/2024 11:22

Investor Meeting:
"What we want to do is give a "free ride" to our shareholders (on Kertang)".
What's that going to be priced at?
(The bigger the prospect the more difficult and the less the interest as a carry).

"New SFA Gas PSC" ... maybe taking time due to they being partner-driven time line?
"Partner" is a new one on me but may have missed it. But SEA not capable of operating so it's obligatory condition precedent.

Conclusion: Timeline uncertain.

[jailbird] 30/9/2024 11:22

Looks like even if they did not pursue Norway deals , this would not have happened any sooner . As alway timing is out of their control when all this get signed off Expertise they might be , but Norway investments weee not good enough

[ripvanwinkle3] 30/9/2024 08:29

Added more. Drop makes no sense to me.

[jailbird] 30/9/2024 08:09

Expected , wise to wait on outcome here This is in line with the Company's current activities of exploring, maturing its discoveries and seeking acquisitions. In the absence of such funding, the Group is forecasted to have limited or no liquidity by the end Q1 2025. It is anticipated that these funds will be sourced through asset disposals / farm downs, issuing new equity or a combination of these actions. To the extent that growth opportunities will support debt, this will be considered where appropriate for example to support production acquisitions.

[jailbird] 27/9/2024 16:11

Yes agree I worry about cash too , the longer it takes I only hold a small amount , not ready to add more yet

[katsy] 27/9/2024 15:51

I'm hoping for the DRO news for Monday otherwise the presentation will be meaningless with them saying we can't talk about the DRO as we're still in negotiations, like they did last time.

Mid summer, then coming weeks, I really hope this isn't another one of those hooks that keeps PI's invested into AIM stocks.

[otemple3] 25/9/2024 11:54

I wouldn't get excited, the three larger trades were mine which seems to be what moved things up

[ohisay] 25/9/2024 11:52

I notice in the Management team we have now have Gabriel Mynheer who seems to have come over from Longboat where he was hired as an economist back in February if I'm remembering correctly .
He's now Corporate Development & Finance Manager.

He joins a very overqualified team IMO.

[jungmana] 25/9/2024 11:38

Nice to see buyers as is cheap at GBP 10 million on block 2A alone.Looking forward to the presentation on Monday and fingers crossed we get news on the DROs soon.

[jailbird] 25/9/2024 11:22

We have buyers and movement

[jungmana] 24/9/2024 12:47

Can't buy online with IG. Seems they have an issue since the name change. Can't be bothered to contact them as is just a small top up I wanted.

[zengas] 19/9/2024 14:49

While we're waiting on the DRO announcement it's worth bearing in mind the pipeline of other opportunities they were looking at irrespective of the DROs from 3 months ago.

"Range of opportunities under review including production and greenfield discoveries.
Additional ground-floor acreage entry options under consideration"

Any producing asset deal if sealed, is likely to be delivering cash before the DROs actually come through on revenue.

[katsy] 18/9/2024 09:37

Investing . com hasn't caught up yet with the name change. I wonder how many brokers are still in that position.

[ripvanwinkle3] 18/9/2024 09:30

689% rise - just woke up and thought we must have just completed Kertang drill :)))

[darcon] 01/9/2024 11:21

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.

[darcon] 01/9/2024 11:19

Seascape Energy Asia plc the new name for Longboat Energy plc

[officerdigby] 28/9/2018 23:25

7p dividend.... So that company could go bust quicker what kind of useless management is that seriously!

Just seen JAW is NED in LOGP.

[bones698] 06/7/2017 09:03

The end came when remp left and the clowns took over .

[skirbell] 03/7/2017 08:59

I also see that Amplemann are doing well with a new robot product that uses the stabalisation platform to clamp onto the turbine tower and then climbs to the top itself.

[julcester] 29/6/2017 17:09

Will SEA ex-shareholders if Remp's arbitration hearing with the Montenegrin Government is successful? I see the case is now in deliberation stage and SEA and Remp signed an agreement up to £25m...