Longboat Energy plc
LBE.L
London Stock Exchange18.00
GBp
+0.50
- -
ISIN
GB00BKFW2482
CUSIP
G5633A104
Return %
Stock
S&P500
1Y
10.77
26.84
3Y
-77.07
77.03
5Y
-81.91
80.55
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Nicholas Andrew Ingrassia
- Full Time Employees
- 21
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- One New Change London United Kingdom EC4M 9AF
- IPO Date
- Nov 28, 2019
- Website
- longboatenergy.com
- Similar Companies
- Business
- Longboat Energy plc, now operating under the name Seascape Energy Asia plc since September 2024, is a United Kingdom-based full-cycle exploration and production (E&P) company primarily focused on oil and gas assets in Southeast Asia, particularly Malaysia, as well as operations in Norway and the United Kingdom. The company specializes in acquiring, developing, and producing oil and gas reserves, with core activities including exploration, appraisal, development, and production of hydrocarbon assets. Its portfolio consists of stakes in offshore blocks and production sharing contracts, with notable interests in Malaysian oil and gas blocks such as Block 2A, and interests in Norwegian licenses and assets. Recent major changes include the strategic acquisition and expansion in Southeast Asia. In 2023, Longboat completed the acquisition of Topaz Energy and formed a joint venture with Japan Petroleum Exploration Co., Ltd (JAPEX) in Norway named Longboat JAPEX Norge AS. The company farmed down interests in certain Norwegian licenses in exchange for carried exploration expenditures, and was awarded a 20% interest in the PL 1212 S license containing the Magnolia prospect, which has significant prospective resources. Additionally, in July 2023, Longboat acquired production assets in the Statfjord area from INPEX Idemitsu Norge for USD 12.75 million, enhancing its production capacity. The company’s production increased significantly in early 2024 as new wells came on stream. Seascape Energy Asia plc targets institutional and strategic investors seeking exposure to hydrocarbon energy production in high-potential regions. Founded in 2019 and headquartered in London, UK, it operates through subsidiaries in its regions of operation and holds equity in multiple upstream oil and gas assets, focusing on maximizing resource recovery and value creation. Its business model emphasizes exploration success, strategic partnerships, and operational efficiencies to grow reserves and production sustainably. In summary, Longboat Energy plc, now Seascape Energy Asia plc, is an integrated upstream oil and gas exploration and production company focusing on Southeast Asia and Nordic regions with a comprehensive portfolio of producing and exploration assets, recent strategic expansions through acquisitions and joint ventures, and a clear focus on growing production and reserves in these key geographies. It is headquartered in London and has evolved recently through significant operational and structural changes reflecting its strategic regional focus and growth ambitions.