Business
Interim results
Seascape Energy Asia PLC announced its unaudited interim results for the six months ending June 30, 2025. The company reported cash reserves of £8.6 million, a significant increase from £1.3 million in 1H 2024, which includes £2.0 million of restricted cash. Adjusted administrative costs were £1.9 million, compared to £2.5 million in the previous year, excluding £0.9 million of non-recurring costs. The company completed the Block 2A farm-out to INPEX CORPORATION. Total net 2C Contingent Resources are 63 mmboe, and total net unrisked mean Prospective Resources are 281 mmboe. The total profit for the period was £5.7 million, a turnaround from a £12.5 million loss in 1H 2024. Disclaimer*
About this update from Seascape Energy Asia Plc
[{"type":"text","content":"\n\nTHIS 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\").\n \n29 September 2025\n \nSeascape Energy Asia plc\n \n(the \"Company\", \"Seascape Energy\" or \"Seascape\")\n \nInterim results and investor presentation via Investor Meet Company\n \n \nSeascape Energy, an E&P company focused on Southeast Asia, is pleased to announce its unaudited interim results for the six-month period to 30 June 2025.\n \n \nOperational & Financial Highlights\n \n• Completion of the Block 2A farm-out to INPEX CORPORATION with uncapped carry through the exploration phase of one firm and one contingent well (10% participating interest)\n• Award of the Temaris Cluster PSC as operator (100% participating interest)\n• Post-period end, publication of an independent Competent Persons Report by Sproule ERCE\no Total net 2C Contingent Resources of 63 mmboe (97% gas)\no Total net unrisked mean Prospective Resources of 281 mmboe (95% gas)\n• Cash reserves of £8.6 million (1H 2024: £1.3 million), including £2.0 million of restricted cash related to guarantees provided as security for future work programmes in Malaysia\n• Adjusted administrative costs of £1.9 million (1H 2024: £2.5 million) excluding £0.9 million of non-recurring costs\n \n \nOutlook\n \n• Seascape remains focused on maximising value in its existing, high-quality portfolio while selectively adding accretive growth opportunities. Near term activities include:\n• Block 2A: formal joint venture commitment to drill the giant Kertang well, expected imminently;\n• Temaris: progressing seismic reprocessin...