REG - Longboat Energy PLC - Appointment of Joint Broker

Longboat EnergyAnnouncement

19/04/2023 07:00

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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: (Tel:+44) +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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