Longboat Energy PLC Investor Presentation
February 17 2023 - 2:00AM
RNS Non-Regulatory
TIDMLBE
Longboat Energy PLC
17 February 2023
17 February 2023
Longboat Energy plc
("Longboat Energy", "Longboat" or the "Company")
Investor Presentation
Lon gboat Energy, the emerging full-cycle E&P company, is
pleased to announce that it will be presenting an updated corporate
presentation to shareholders via the Investor Meet Company
platform.
The online presentation will be made at 10:00 GMT Tuesday 21
February 2023 and is open to all existing and potential
shareholders. If you wish to attend the online presentation you
should register for the event in advance via this link:
https://www.investormeetcompany.com/longboat-energy-plc/register-investor
Shareholders registered to attend are invited to pre-submit
questions online via the Investor Meet Company dashboard up until
8.00am GMT on Tuesday 21 February 2023 or at any time during the
live presentation. A recording will be made available on the
Investor Meet Company platform after the presentation.
The information contained within this announcement is not
considered to be inside information prior to its release.
ENDS
Enquiries:
Longboat Energy
Helge Hammer, Chief Executive Officer via FTI
Jon Cooper, Chief Financial Officer
Nick Ingrassia, Corporate Development
Director
FTI Consulting (PR adviser)
Ben Brewerton
Rosie Corbett 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.
In February 2023, The Company was awarded a Production Sharing
Contract in Malaysia. Longboat Energy will become operator with a
36.75% interest in Block 2A, a 12,000km(2) exploration block
offshore Sarawak with material gas resource potential.
This information is provided by Reach, the non-regulatory press
release distribution service of RNS, part of the London Stock
Exchange. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
Reach is a non-regulatory news service. By using this service an
issuer is confirming that the information contained within this
announcement is of a non-regulatory nature. Reach announcements are
identified with an orange label and the word "Reach" in the source
column of the News Explorer pages of London Stock Exchange's
website so that they are distinguished from the RNS UK regulatory
service. Other vendors subscribing for Reach press releases may use
a different method to distinguish Reach announcements from UK
regulatory news.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NRATFMBTMTMBTIJ
(END) Dow Jones Newswires
February 17, 2023 02:00 ET (07:00 GMT)
Longboat Energy (LSE:LBE)
Historical Stock Chart
From May 2024 to Jun 2024
Longboat Energy (LSE:LBE)
Historical Stock Chart
From Jun 2023 to Jun 2024