Seascape Energy Asia PLC · LSE:SEA
Seascape Energy Asia — Longboat Energy — Merger or Acquisition (September 2023)
8 slides from Seascape Energy Asia's merger presentation, Sep 12, 2023
Slide 1: Topaz Acquisition & SE Asia Expansion
Topaz Acquisition & SE Asia Expansion September 2023
Slide 2: Disclaimer
Disclaimer The information contained herein has been provided solely for information purposes and does not purport to be comprehensive or contain all the information that may be required by recipients to evaluate Longboat Energy plc (the “Company”). This presentation and the information contained in
Slide 3: Transaction summary
Transaction summary Acquisition of privately-held Topaz Number One Limited (“Topaz”) • Topaz’s sole asset is a 15.75% working interest in Block 2A, offshore Sarawak Malaysia • Post-deal, Longboat will hold an operated 52.5% interest in Block 2A containing the giant ‘Kertang’ prospect Topaz team will
Slide 4: Topaz team brings regional experience
Topaz team brings regional experience • +30 years’ oil & gas industry experience across broad range of technical, executive and strategic roles • Founder and CEO of SE Asian-focused Salamander Energy plc from inception to sale in 2015 for ~£300 million • Subsequently CEO of Coro Energy and Executive
Slide 5: SE Asia strategy
SE Asia strategy ‘Unique prospecting style’: Petronas makes six new oil and gas Why SE Asia? discoveries x Petronas’ upstream company Petronas Carigali has revealed six oil and gas discoveries in • Opportunity set comparable to the North Sea 15-20 years ago five blocks offshore Sarawak, East Malaysi
Slide 6: SE Asia energy demands being met by coal
SE Asia energy demands being met by coal Primary energy consumption growth (2011-2021) Primary energy consumption by fuel (2021) 3.0% 100% 2.5% 2.0% 75% 1.5% 50% 1.0% 0.5% 25% ♦ -0.5% 0% N Europe CIS ME Africa Asia Pac -1.0% America Europe N CIS Africa ME Asia Pac America Oil Gas Coal Nuclear Hydro
Slide 7: Malaysia Block SK2A
Malaysia Block SK2A Kertang: one of SE Asia’s undrilled gas giants Large exploration block offshore Sarawak xx Discovery • Prolific Central Luconia province, outboard of recent gas discoveries Producing field Pipeline • Total block area 12,000km2, water depth 100-1,400m • One of largest LNG terminal
Slide 8: Summary
Summary Acquisition of Topaz accelerates ambitions to build a full-cycle E&P business in SE Asia • Post-deal, Longboat will hold an operated 52.5% interest in Block 2A containing the giant ‘Kertang’ prospect Topaz team bringing extensive regional expertise and track-record • James Menzies and Pierre
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