Business
Proposed Farm-in, Fundraise & Trading Suspension
Proposed Farm-in, Fundraise & Trading Suspension.
About this update from Seascape Energy Asia Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3139A\n Longboat Energy PLC\n 01 June 2021\n \n \n \n \n NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, TO ANY US PERSONS OR INTO THE UNITED STATES, CANADA, AUSTRALIA, THE REPUBLIC OF IRELAND, THE REPUBLIC OF SOUTH AFRICA OR JAPAN, OR ANY OTHER JURISDICTION, OR TO ANY PERSON, WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF APPLICABLE LAW OR REGULATION OF SUCH JURISDICTION.\n \n \n \n \n \n This announcement is not an admission document or a prospectus and does not constitute or form part of an offer to sell or issue or a solicitation of an offer to subscribe for or buy any securities nor should it be relied upon in connection with any contract or commitment whatsoever. Investors should not purchase or subscribe for any transferable securities referred to in this announcement except in compliance with applicable securities laws on the basis of the information in the admission document (the \"Admission Document\") to be published by Longboat Energy plc in connection with the placing of ordinary shares by the Company and the proposed admission of its issued and to be issued ordinary shares to trading on AIM, a market operated by London Stock Exchange Plc. Before any purchase of shares, persons viewing this announcement should ensure that they fully understand and accept the risks which will be set out in the Admission Document when published. Copies of the Admission Document will, following publication, be available during normal business hours on any day (except Saturdays, Sundays and public holidays) from the registered office of the Company and on the Company's website.\n \n \n \n \n \n \n 1 June 2021\n \n \n Longboat Energy plc\n \n \n (\"Longboat Energy\", \"Longboat\" or the \"Company\")\n \n \n \n \n \n Proposed Farm-Ins to High Impact Drilling Programme, \n \n \n Proposed Fundraising and Trading Suspension \n \n \n \n \n \n Longboat Energy, established by the former management team of Faroe Petroleum plc to build a significant North Sea-focused E&P business, is pleased to announce it has reached agreement on a bilateral basis with three separate counterparties to acquire a significant, near-term, low-risk exploration drilling programme on the Norwegian Continental Shelf (\"NCS\") structured as three farm-in transactio...