Brief: Longboat Energy Says Sale Of Shares In Longboat Japex Norge And Exit From Norway

Seascape Energy Asia

17/06/2024 07:15

June 17 (Reuters) - Longboat Energy PLC  LBE.L :
    * SALE OF SHARES IN LONGBOAT JAPEX NORGE AND EXIT FROM
NORWAY
    * TO SELL INTEREST IN LJN TO JAPEX FOR $2.5 MILLION PLUS
CO'S
SHARE OF DRAWN DEBT UNDER JAPEX ACQUISITION FACILITY
    * JAPEX TO ASSUME ALL FUTURE FINANCIAL OBLIGATIONS OF JOINT
VENTURE
    * PROCEEDS TO BE USED TO FUND LONGBOAT'S WORKING CAPITAL AND
OPERATIONS IN MALAYSIA

Source text for Eikon:  ID:nRSQ5999Sa 
Further company coverage:  LBE.L 

 ((Reuters.Briefs@thomsonreuters.com;))