Brief: Longboat Energy Says Strategic Pivot To Focus On Southeast Asia

Seascape Energy Asia

17/06/2024 07:14

June 17 (Reuters) - Longboat Energy PLC  LBE.L :
    * STRATEGIC PIVOT TO FOCUS ON SOUTHEAST ASIA
    * COST SAVINGS IN EXCESS OF $1.25 MILLION ACHIEVED WITH A
STREAMLINED BOARD AND MANAGEMENT TEAM
    * LJN SALE PROCEEDS TO PROVIDE WORKING CAPITAL TO RUN
COMPANY
THROUGH END OF Q1-25
    * SIGNIFICANT INDUSTRY INTEREST IN MALAYSIAN BLOCK 2A,
FARM-OUT
PROCESS TO BE LAUNCHED H2-24
    * REDUCED COMPANY'S BOARD TO FOUR MEMBERS

Source text for Eikon:  ID:nRSQ5983Sa 
Further company coverage:  LBE.L 

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