Investor Presentation

RNS Number : 2193Q

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 Jon Cooper, Chief Financial Officer Nick Ingrassia, Corporate Development Director	via FTI
FTI Consulting (PR adviser)
Ben Brewerton Rosie Corbett Catrin Trudgill	Tel: [phone] [e-mail]

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 12,000km² exploration block offshore Sarawak with material gas resource potential.

 

END

 

 

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