Seascape Energy Asia Plc · LSE:SEA
Seascape Energy Asia — Corporate Update (June 2025)
12 slides from Seascape Energy Asia's corporate update, Jun 19, 2025
Slide 1: Temaris Cluster Award
Temaris Cluster Award Delivering material portfolio growth 19 June 2025
Slide 2: Presenters
Presenters Significant regional experience James Menzies Nick Ingrassia Pierre Eliet Executive Chairman Chief Executive Executive Director, Chair Malaysia • Salamander Energy (Founder/CEO) • Salamander Energy (BD Head) • IPC and ROC Oil Malaysia • Coro Energy, TAP Oil • DNO, Longboat, Faroe, Valiant
Slide 3: Building on our successful track record
Building on our successful track record What we said… …and delivered Pivot complete Amanda Battersby Limited peer group 17 June 2025 Deep regional network Lean & efficient organisation UK-listed independent achieves Malaysian hat-trick Seascape Energy signs third production sharing contract in 28
Slide 4: Expanding portfolio to Peninsular Malaysia
Expanding portfolio to Peninsular Malaysia Temaris Cluster SFA PSC Award Block 2A (Kertang) Temaris Cluster award (10%) • DRO offering in MBR 2025 High Impact Exploration Temaris Cluster A 9 TCF giant • 100% working interest (100%, op) Discovered Resources + DEWA Cluster • First operated development
Slide 5: Appraised and ready to develop
Appraised and ready to develop Significant data over Temaris supports accelerated Originally drilled by Lundin Oil (now IPC) • Tembakau (2012, 2014); Mengkuang (2015) • Recently relinquished due to geographic priorities Significant data set gained with award • Full 3D seismic coverage, DSTs, + 145m
Slide 6: Tembakau: a development-ready gas field
Tembakau: a development-ready gas field Straightforward subsurface supports simple development Three main Early-Mid Miocene gas reservoirs clearly imaged Tembakau • ~24 km2 in areal size • Strong amplitude response on 3D seismic Straightforward field, good reservoir properties • Stacked pay, gas tra
Slide 7: Mengkuang: incremental volumes
Mengkuang: incremental volumes Satellite potential near to infrastructure Located 30 km to northeast of Tembakau Single, Early-Mid Miocene gas reservoir • ~8 km2 in areal size • Three distinct, separate lobes • Strong amplitude response on 3D seismic Mengkuang-1 Very high-quality sands • Different h
Slide 8: Exploration could more than double resource size
Exploration could more than double resource size High-end geophysics the key to unlocking near-field upside Temaris Cluster PSC Exploration upside already identified in multiple horizons on Temaris PSC • Largely ‘low risk’ near-field potential Seismic reprocessing will allow amplitude Mengkuang cali
Slide 9: Strong regional gas market dynamics
Strong regional gas market dynamics Demand continues to outstrip supply in Peninsular Malaysia Peninsular Malaysia Gas Demand Outlook Low-cost development near infrastructure Angsi Duyoung Mengkuang ~60km Sotong SFA PSC Economic Split ~40km Royalty 10% Alpha 10% Contractor Tembakau 50% Cost & Tax 30
Slide 10: Key near-term asset catalysts
Key near-term asset catalysts Q3-25 Block 2A Well commitment Secure rig Temaris Seismic reprocessing Independent CPR DEWA Independent CPR 10
Slide 11: Proven ability to deliver
Proven ability to deliver Temaris represents third Malaysian license award since 2023 Temaris represents a major step towards material growth • Portfolio production potential of >20,000 boepd within ~3 years • Seascape in the Temaris driving seat as 100% owner/operator Value creation through low cos
Slide 12: seascape-energy.com IR@seascape-energy.com @SeascapeEnergy
seascape-energy.com IR@seascape-energy.com @SeascapeEnergy Seascape Energy Asia