Business
Keladi Prospect Upgrade
Seascape Energy Asia PLC has announced a significant upgrade to its Keladi prospect within the Temaris Cluster, with net mean unrisked Prospective Resources now estimated at almost 1 TCF, an increase of 38%. The Keladi prospect alone has seen its resources more than double to 423 bcf with a 45% Geological Chance of Success, and a new Tembakau North prospect has been identified with 29 bcf and a 58% GCoS. These updates, validated by an independent Competent Persons Report from Sproule ERCE, position the Temaris block as a potential transformative gas hub for Peninsular Malaysia. Disclaimer*
About this update from Seascape Energy Asia Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT DOES NOT CONTAIN 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 January 2026\n \nSeascape Energy Asia plc\n(the \"Company\", \"Seascape Energy\" or \"Seascape\")\n \nKeladi Prospect Upgrade & Temaris Cluster Resource Update\n \nSeascape Energy, an E&P company focused on Southeast Asia, is pleased to announce a material upgrade to its Keladi prospect following an updated independent evaluation of the Prospective Resources by Sproule ERCE on the Temaris Cluster (\"Temaris\", 100% PI, operated). The Competent Persons Report (\"CPR\") now ascribes almost 1 TCF of net mean unrisked Prospective Resources to the Temaris block.\n \nHighlights\n· Keladi prospect upgrade to 423 bcf (+125%) with a 45% GCoS\n· New Tembakau North prospect (29 bcf, 58% GCoS) identified representing a high impact, low risk, nearfield target which could be drilled from a planned Tembakau field platform\n· Geophysical analysis and amplitude mapping demonstrates the Keladi prospect as being located up-dip and part of the same channel system as the Tembakau gas field\n· Total Temaris net mean unrisked Prospective Resources of 950 bcf (+38%), illustrating significant running room beyond the Tembakau gas field itself\n \nAll resources quoted herein are mean unrisked Prospective Resources as defined by PMRS Standard (as detailed below).\n \nPierre Eliet, Executive Director and Country Chair Malaysia, commented:\n \n\"The Sproule ERCE independent resource update validates the high quality nature of the Temaris block and our significant resource base. We are particularly encouraged by the Keladi prospect, where mean unrisked Prospective Resources have more than doubled.\n \nThese results, along with Tembakau, position Temaris to become a transformative gas hub for Peninsular Malaysia's growing energy demand.\"\n \nThe upgrade at Keladi reflects a period of detailed work by the Seascape subsurface team using updated data and high-end geophysical techniques to extract seismic amplitudes which allow for more accurate mapping of the Miocene channel systems sitting at multiple horizo...