REG - Seascape Energy Asia Petro Matad Ltd - Board Changes

Petro MatadAnnouncement

Tue 07:00

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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                                    SNELSeascape@Stifel.com (mailto:SNELSeascape@Stifel.com)

 Jason Grossman

 Ashton Clanfield

 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                           Red Sun Resources Pte Ltd

 Petromatad Invest Ltd

 Petro Matad Energy Ltd

 Petro Matad Resources Ltd

 Central Asian Petroleum Corporation Ltd

 Sunsteppe Renewable Energy 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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