Board Changes

Petro Matad

13/01/2026 07:00

RNS Number : 5905O

Seascape Energy Asia PLC

13 January 2026

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 596/2014 AS AMENDED AND TRANSPOSED INTO UK LAW IN ACCORDANCE WITH THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("UK MAR").

 

13 January 2026

 

 

Seascape Energy Asia plc

(the "Company", "Seascape Energy" or "Seascape")

 

Board Changes

Seascape Energy, an E&P company focused on Southeast Asia, is pleased to announce the appointment of Michael (Mike) J Buck as an Independent Non-executive Director, supporting the Company's next phase of growth and increasing operational focus.

Mike has over 40 years' experience in the oil & gas industry having spent 20 years with UK Independent LASMO plc and being involved in the discovery & development of several commercial oil & gas fields in the UK, Indonesia, Colombia and Libya. Subsequently with ENI, Mike was appointed Managing Director of the Major's operations in Pakistan and then Iran, working on major oil and gas developments in both countries.

Mike joined Southeast Asian-focused Salamander Energy plc as Chief Operating Officer overseeing the operational side of the business and helping it grow to over 14,000 boepd of production through the development of several onshore and offshore oil & gas fields in Indonesia and Thailand. Since 2017, Mike has been the Chief Executive Officer at Petro Matad which has successfully drilled eight wells in Mongolia and recently brought into production two discoveries in Block XX despite challenging operating conditions.

Mike holds a BSc in Geophysics from Liverpool University and an MSc (with Distinction) in Petroleum Geology from Imperial College, London.

To ensure Seascape's board remains commensurate with its current size, Graham Stewart has notified Seascape of his intention to not seek re-election to the Board of Directors at the Company's AGM in June 2026. Graham has served on the Board of Seascape and its predecessor company, Longboat Energy, since its IPO in November 2019 originally acting as Non-Executive Chairman until mid-2024 coinciding with the Company's successful pivot to Southeast Asia.

James Menzies, Executive Chairman of Seascape Energy Asia plc commented:

"Having successfully put together a small but high-quality portfolio of assets in Malaysia, Seascape is quickly evolving into an operational Company.

I have known Mike for over 20 years and believe his skill set will significantly contribute to the Company's success and I look forward to working with him again to build an exciting business in the Southeast Asian E&P space.

I also want to thank Graham for his wise counsel in the boardroom and the instrumental role he played bringing about a successful pivot to Southeast Asia and subsequent board continuity. He will be missed and we wish him continued success with his other business interests."

 

Ends

Enquiries:
Seascape Energy Asia plc
IR@seascape-energy.com
James Menzies (Executive Chairman)
Nick Ingrassia (Chief Executive)
Pierre Eliet (Executive Director)
Stifel (Nomad and Joint Broker)
Tel: +44 20 7710 7600
Callum Stewart
Jason Grossman
Ashton Clanfield
SNELSeascape@Stifel.com
Cavendish Capital Markets Limited (Joint Broker)
Tel: +44 20 7397 8900
Neil McDonald
Pete Lynch


Additional Information

Michael James Buck (Age: 68)

Mike has been a director or partner of the following companies or partnerships during the five years preceding the date of the announcement:

Current Directorships/Partnerships
Previous Directorships/Partnerships (last five years)
Petro Matad Ltd
Petromatad Invest Ltd
Petro Matad Energy Ltd
Petro Matad Resources Ltd
Central Asian Petroleum Corporation Ltd
Sunsteppe Renewable Energy Pte Ltd
Red Sun Resources Pte Ltd

Mike holds 199,999 ordinary shares of 10 pence each in the Company.

Glossary

"boepd"               means barrels of oil equivalent per day

 

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