Longboat Energy PLC Appointment of Joint Broker (6436W)
April 19 2023 - 2:00AM
UK Regulatory
TIDMLBE
RNS Number : 6436W
Longboat Energy PLC
19 April 2023
19 April 2023
Longboat Energy plc
("Longboat Energy", "Longboat" or the "Company")
Appointment of Joint Broker
Longboat Energy, the emerging full-cycle E&P company, is
pleased to announce that it has appointed Cenkos Securities plc as
Joint Broker with immediate effect.
Stifel Nicolaus Europe Limited remains Nominated Adviser and
Joint Broker to the Company.
The information contained within this announcement is not
considered to be inside information prior to its release
Ends
For further information, please contact:
Longboat Energy
Helge Hammer, Chief Executive Officer via FTI
Jon Cooper, Chief Financial Officer
Nick Ingrassia, Corporate Development Officer
Stifel Nicolaus Europe Limited (Nominated
Adviser and Joint Broker)
Callum Stewart Tel: +44 20 7710 7600
Jason Grossman
Simon Mensley
Ashton Clanfield
Cenkos Securities plc (Joint Broker)
Neil McDonald Tel: +44 20 7397 8900
Pete Lynch
Leif Powis
FTI Consulting (PR adviser)
Ben Brewerton Tel: +44 20 3727 1000
Rosie Corbett 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.
In February 2023, Longboat entered Malaysia through the award of
a Production Sharing Contract for Block 2A, offshore Sarawak. Block
2A covers approx. 12,000km2 and is located in water depths of
between 100-1,400 metres where a number of large prospects across
multiple plays have been identified with significant volume
potential representing multiple trillions of cubic feet of gas.
Longboat's activities remain focused on creating 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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END
APPMZGMDKRFGFZM
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