Seascape Energy Asia Share Discussion Threads

[talkman2] 21/10/2024 08:52

Market not interested. Very poor share price response

[katsy] 21/10/2024 08:47

We were extremely honoured to be invited by PETRONAS to the Twin Towers for a ceremony today to sign our new DEWA Cluster PSC which contains 12 undeveloped gas fields! The award of this PSC significantly increases our exciting portfolio in Malaysia and positions Seascape for further growth.

[jungmana] 21/10/2024 08:34

Block 2A makes the DROs a sideshow. Looking forward to the farm out news soon

[zengas] 21/10/2024 08:29

Read the rest of it

Cavendish note...

"Similarly at Block 2A, we estimate that Seascape would look to retain a 15.75% interest post farm-down. This would equate to a net 261 mmboe. At $4/boe this would equate to a potential unrisked value of £14.65 per share net to Seascape."

[someuwin] 21/10/2024 08:03

Cavendish...

"—Valuation We will update our valuation and target price in due course. However, we note the recent acquisition by TotalEnergies of a portfolio of Sarawak producing gas assets from SapuraOMV for US$4/boe. This would equate to a potential unrisked value of 75-100p net for Dewa (5.4-7.2x the current share price)."

[purple11] 21/10/2024 08:02

in with first 90k tranche

will double up on any weakness gla

[cashandcard] 21/10/2024 07:52

Makes sense to partner with ENQ, they have operations in Malaysia already plus plenty of cash to pump into a new venture.Cash

[katsy] 21/10/2024 07:48

So whatever happens to block 2A they always have 28% of 500 bcf GIIP (gross, ~83 mmboe) to underpin the company.

[ripvanwinkle3] 21/10/2024 07:47

Great news. No more doubting and worrying about their ability to get this deal over the line then. Progress being made - looking more active than Longboat already!

[bad gateway] 21/10/2024 07:40

Sounds like a bit of patience maybe needed though?

"The initial low-cost work commitment (approximately $0.6 million net to Seascape) is to conduct a detailed resource assessment and deliver a Field Development and Abandonment Plan within two years"

[smackeraim] 21/10/2024 07:40

Farm in next.

[jungmana] 21/10/2024 07:35

We the have rns, alleluia!!

[smackeraim] 21/10/2024 07:35

Seascape Energy, an E&P company focused on Southeast Asia, is pleased to announce that it has been awarded a 28% participating interest in a Small Field Asset Production Sharing Contract ("SFA PSC") over the DEWA Complex Cluster ("DEWA" or the "Award") off the coast of Sarawak, Malaysia. The Award was made under the Malaysia Bid Round Plus ("MBR+") by Petroliam Nasional Berhad (PETRONAS) ("PETRONAS") through Malaysia Petroleum Management.

[pol123] 18/10/2024 19:34

Farm in is the big one IMHO - PSC is more of a side show

[upwego] 18/10/2024 16:16

Farm in news would be preferred with a cash payment and free carry on the drill bit.

[katsy] 18/10/2024 07:54

The moment useless politicians (who are parasites by nature) get involved in negotiations for anything, then everything grounds to a halt.

[purple11] 18/10/2024 06:15

if this goes nr 10p again ill pick up a holding.

in this market dont want to buy anything thats weakening.if the farmout doesnt happen in q4 people will start fretting about a placing as they only have dough until q1 25.

[ohisay] 18/10/2024 02:49

Still talking it seems ...

In a written parliamentary reply to Sibu Member of Parliament Oscar Ling Chai Yew, Azalina said the talks have been prolonged due to the complexities surrounding Sarawak's Gas Distribution Ordinance (Amendment) 2023.

[jnbrw] 16/10/2024 13:27

I've been topping up too. Not too long until news soon I reckon. Expecting big things here.

[ohisay] 16/10/2024 09:58

It would be good if the overall Petronas/Petros talks could be concluded soon .
October 1st was the nominal end date .
At least they seem to be amicable based on everything I read last month .
And Menzies seemed relaxed about it in the presentation.

[pol123] 15/10/2024 19:33

I added another 50k today, takes me to 900k. Free float is very small and the prize could be immense. One things for sure, this will not be £8m mcap with line of sight to 9TCFs. Regardless of anything else. Its all about sentiment + a dose of patience

[katsy] 15/10/2024 14:00

I'm adding when I can.

[ohisay] 15/10/2024 13:46

The prospects havent gone away ..why not just be patient ??

[katsy] 15/10/2024 13:37

The sell off is brutal here, but management have only themselves to blame for giving unrealistic timelines for something they don't control. Mid summer, lol