Longboat Energy PLC New Corporate Website and Presentation (0738Q)

TIDMLBE

RNS Number : 0738Q

Longboat Energy PLC

16 February 2023

Longboat Energy plc

("Longboat Energy", "Longboat" or the "Company")

New Corporate Website and Presentation

Longboat Energy, the emerging full-cycle E&P company, is pleased to announce that it has launched a new corporate website at https://longboatenergy.com/ .

In addition, the Company announces that an updated corporate presentation is now available on the new website.

The refreshed website, presentation and branding reflects the latest developments including the recently announced entry into Malaysia via the 2022 Bid Round, in which Longboat was awarded a Production Sharing Contract for Block 2A, a large exploration block offshore Sarawak with material gas resource potential.

Ends

 
 Enquiries: 
 Longboat Energy 
 Helge Hammer, Chief Executive Officer                              via FTI 
  Jon Cooper, Chief Financial Officer 
  Nick Ingrassia, Corporate Development 
  Director 
 
 Stifel Nicolaus Europe Limited (Nominated Adviser and Broker) 
 Callum Stewart                                       Tel: +44 20 7710 7600 
  Jason Grossman 
  Simon Mensley 
  Ashton Clanfield 
 
 FTI Consulting (PR adviser) 
 Ben Brewerton 
  Rosie Cobbett                                       Tel: +44 20 3727 1000 
  Catrin Trudgill                          longboatenergy@fticonsulting.com

Background

Longboat Energy was established at the end of 2019 to create a full-cycle E&P company through value accretive M&A and near-field exploration. Since June 2021, Longboat has entered a series of four transactions to acquire interests in a portfolio of nine, gas-weighted exploration wells drilling on the Norwegian Continental Shelf close to existing infrastructure. To date, eight of these wells have been drilled resulting in five hydrocarbon discoveries (Egyptian Vulture, Mugnetind, Rødhette, Kveikje and Oswig), representing a technical 63% success rate.

Longboat has targeted exploration prospects located in close proximity to existing infrastructure, with an overlap between exploration partners and infrastructure owners, providing a portfolio with a clear low-cost route to monetisation and low-carbon drilling and development opportunities, well aligned to Longboat's ESG targets which includes a corporate 'Net Zero' on a Scope 1 and 2 basis by 2050.

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