Seascape Energy Asia PLC · LSE:SEA
Seascape Energy Asia — Longboat Energy — Corporate Update (April 2022)
8 slides from Seascape Energy Asia's corporate update, Apr 5, 2022
Slide 1: Kveikje Discovery (PL 293B)
Kveikje Discovery (PL 293B) 5 April 2022
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 i
Slide 3: Kveikje (PL 293B) Summary and Well Results Summary
Kveikje (PL 293B) Summary Well Results Summary • Commercial discovery • Kveikje Main - recoverable resources 28 - 48 mmboe Snorre • Kveikje Hordaland injectite - gas - represents upside • Equinor operated well northwest of Troll in Norwegian North Sea (LBE 10%) • Commenced 8 March 2022, now being P&
Slide 4: 35/10-8S (Kveikje) well result
35/10-8S (Kveikje) well result Significant discovery in primary target – secondary targets represent upside Data acquisition NOT TO SCALE Gross 9 5/8” shoe LWD Wireline Core Net sand Porosity Discovery thickness Fluid (m) (%) (m) Kveikje Hordaland 4 2.7 31 Gas down to Gas Kveikje Hordaland Kveikje M
Slide 5: Kveikje Main and Hordaland
Kveikje Main and Hordaland Significant find in active area – high value barrels 3D view of Kveikje top sand 35/10-8S Kveikje mid case extent Kveikje Hordaland and Main ▪ Recoverable Resources in Kveikje Main 28 - 48 mmboe ▪ Preliminary indications of a medium oil (30-40° API) ▪ Excellent reservoir,
Slide 6: Rokke N'Roll - secondary targets
Rokke N’Roll - secondary targets Incomplete data acquisition – indications of sand with hydrocarbons from MWD and mud log Rokke Kveikje Hordaland ▪ LWD and mud-log data indicate c 3 m sand with hydrocarbons ▪ Oil kick in 2 m sand in same layer in nearby well 35/10-1 Kveikje Main ▪ Resource potential
Slide 7: Kveikje development opportunities
Kveikje development opportunities High value barrels located within possible Equinor development cluster ▪ Kveikje - well understood reservoirs – limited need for appraisal ▪ Could form part of possible Equinor operated cluster development tied-back to Troll B ▪ Multiple recent discoveries (200-300
Slide 8: Kveikje – commercialisation
Kveikje – commercialisation Multiple options for Longboat to monetise ▪ Kveikje in prime location Selected NCS Discovered Resource Transactions 2P/C ▪ Sweet spot for Norwegian North Sea discoveries Date Buyer Seller Asset $MM mmboe $/boe ▪ High transactional values observed recently Oct-21 Lundin OM