REG - Seascape Energy Asia - Directorate Change

Seascape Energy AsiaAnnouncement

13/02/2025 07:00

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RNS Number : 9039W  Seascape Energy Asia PLC  13 February 2025

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 February 2025

Seascape Energy Asia plc

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

 

Directorate Change

 

Seascape Energy, an E&P company focused on Southeast Asia, is pleased to
announce the appointments of Haida Hazri as an Independent Non-executive
Director and Pierre Eliet as an Executive Director of the Company. Both
appointments demonstrate the Company's long-term commitment to attracting and
retaining top talent in support of growing its business in Malaysia and across
the wider Southeast Asian region.

 

Haida Hazri, Independent Non-executive Director

Haida brings a wealth of experience in the Malaysian upstream industry with
over 25 years' experience in E&P, LNG and technology within PETRONAS,
Sapura Energy and various other energy entities. Haida worked across a wide
range of legal and commercial roles at PETRONAS prior to being appointed CEO
of PETRONAS Technology Ventures Sdn Bhd. She later moved into the role of VP,
Strategy and New Ventures in Sapura Energy focussing on upstream M&A and
business growth where she oversaw the $0.9 billion acquisition of Newfield
Malaysia the successor of which, SapuraOMV, was recently purchased by
TotalEnergies in a $1.4 billion transaction. Haida holds a double degree in
Accounting and Finance (BComm) and Law (LLB) from Melbourne University,
Australia as well as Masters in Law (LLM) from Universiti Malaya, Malaysia.

 

Pierre Eliet, Executive Director

Pierre joined the Company in September 2023 as part of the Topaz acquisition
and has been instrumental to the success of building Seascape's operations in
Malaysia over the past 18 months. Based in Kuala Lumpur, Pierre has over 30
years' experience and worked with Lundin Energy and Roc Oil where he held
senior technical and business development roles with oversight of subsurface
and growth across both company's Asian portfolios. Pierre also previously
worked at TotalEnergies and Cairn Energy where he was closely associated with
the discovery of the Cairn Rajasthan fields in India, and specifically the
flagship Mangala field. Pierre holds a BA in Earth Science from Trinity
College in Dublin, a PhD in Geology from Manchester University and certified
IDP-C, INSEAD's (International Director's Programme).

 

In addition to his role of Country Chair of Seascape's Malaysia business,
Pierre will take on the title of Executive Director Corporate Development
where he will continue to support the Company's growth ambitions across the
region.

 

The new composition of the Company's board is as follows:

 

·    Executive Chairman:
                                James Menzies

·    Chief Executive:
                                Nick Ingrassia

·    Executive
Director:
Pierre Eliet

·    Non-executive Director:
 Graham Stewart

·    Independent Non-executive Director:        Geraldine Murphy

·    Independent Non-executive Director:        Haida Hazri

 

 

 

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

 

"I am very pleased to welcome both Haida and Pierre to the Board of
Seascape. Haida brings a wealth of knowledge and connectivity across the oil
and gas value chain in Southeast Asia and Pierre has worked closely with the
board over the past 18 months being instrumental in establishing and growing
our business in Malaysia. I look forward to working with both of them as we
continue to build-out our capabilities and portfolio across the region."

 

 Enquiries:

 Stifel (Nomad and Joint Broker)                   Tel: +44 20 7710 7600
 Callum Stewart                                    SNELLongboatEnergy@Stifel.com (mailto:SNELLongboatEnergy@Stifel.com)

 Jason Grossman

 Ashton Clanfield

 Cavendish Capital Markets Limited (Joint Broker)  Tel: +44 20 7397 8900
 Neil McDonald

 Pete Lynch

Additional Information

Haida Shenny Binti Hazri (Age: 50)

She 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)
 Velesto Energy Berhad               Kedai Bikin Sdn Bhd.

 Privasia Technology Berhad

 Keyfield International Berhad

 Matrix Reservoir Sdn Bhd

 Rotoboost Holdings Limited

 Putih Advisors Asia Sdn Bhd

 Putih Petroleum Sdn Bhd

 Putih Energy FZCO

 Privabytes Sdn Bhd

Haida holds no shares in the Company.

Dr Pierre Ernest Patrick Eliet (age 55)

Pierre 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)
 Seascape Energy (SE Asia) Sdn Bhd     Topaz Energy Limited

 Longboat Energy (2A) Limited

 Longboat Energy (DEWA) Limited

 Topaz Number One Limited (UK)

 Topaz Number One Limited (Malaysia)

 Topaz Advisers Limited

 

Pierre holds 292,163 share ordinary shares of 10p each in the Company and
1,685,671 options granted under the Company's Long Term incentive Plan. Pierre
held a 50% interest in Topaz Number One Limited acquired by the Company in
September 2023 and is due: a contingent amount of US$62,500 payable in cash or
through a further issue of ordinary shares of 10p each in the Company
("Ordinary Shares") of an equivalent value, upon an exploration well being
committed on Block 2A or a farm-out (the latter announced on 2 December 2024);
and a contingent amount of up to US$1,500,000 payable in cash or through a
further issue of Ordinary Shares of an equivalent value, upon a discovery
being made on Block 2A, depending on the resource size and the growth in the
price of the Ordinary Shares measured over a two year period.

 

 

 

 

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