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Pin to quick picksLongboat Energy Share News (LBE)

Share Price Information for Longboat Energy (LBE)

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Share Price: 18.25
Bid: 17.50
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Change: 0.00 (0.00%)
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Open: 18.25
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EXECUTIVE CHANGES: New chairs for CVS Group, LSL Property and Videndum

Wed, 01st May 2024 16:13

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Tuesday and Wednesday and not separately reported by Alliance News:

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CVS Group PLC - Norfolk, England-based veterinary services - Promotes David Wilton to chair from non-executive director, starting immediately. Wilton has been on the CVS board since September 2021. As an executive, he worked in corporate finance with Rothschilds. He also was chief financial officer of Sumo Group PLC, a provider of services to the video games industry, and finance director of WYG PLC, a professional services firm, both since acquired. Wilton replaces Senior Independent Director Deborah Kemp, who was serving as interim chair.

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Boku Inc - San Francisco-based mobile payment services - CFO Keith Butcher will step down as a director at Boku's annual general meeting on May 22. He will remain an employee until October and then a consultant until April next year. Boku says it is looking for a successor.

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LSL Property Services PLC - Newcastle Upon Tyne, England-based provider of services to mortgage intermediaries and franchised estate agencies - Hires Adrian Collins to be non-executive chair, starting immediately. Collins worked in fund manager, including 25 years at Gartmore Investment Management, and was a founder of fund platform Trustnet Ltd. He is a non-executive director of wealth manager Hargreaves Lansdown PLC.

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Earnz PLC - AIM cash shell seeking acquisitions in energy services sector - Hires Linda Main as senior independent non-executive director, starting immediately. Main is a chartered accountant who led the Capital Markets Advisory Group of KPMG LLP until this past September.

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Longboat Energy PLC - oil and gas development in Norway and Malaysia - Promotes Nick Ingrassia from corporate development director to chief executive officer, replacing Helge Hammer, effective immediately. Hammer will focus instead on his role as chair of Longboat Japex Norge AS, the Norwegian joint venture that Longboat formed with Japan Petroleum Exploration Co Ltd in May last year. "Delivering on Longboat Japex's acquisition pipeline is critical for the company, and this step will allow Helge to focus on delivering shareholder value from Longboat's Norwegian joint venture," explains Longboat Chair Graham Stewart. "The board sees considerable opportunity in Southeast Asia, and Nick's appointment as CEO will allow Longboat to focus on taking full advantage of the exciting opportunity set in front of us."

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Videndum PLC - London-based hardware and software for broadcasters, film studios and other content creation - Stephen Harris becomes chair on Wednesday, having been named chair designate back in November. Harris is the former CEO of FTSE 250-listed Bodycote PLC. Current chair, Ian McHoul, will step down from the board at the AGM on June 19.

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Fulcrum Metals PLC - mineral explorer in Canada - Chair Clive Garston will step down from the board at Fulcrum's AGM on June 3. Fulcrum is "making good progress" in recruiting a replacement.

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Oriole Resources PLC - gold exploration in West Africa - Tim Livesey steps down as CEO and from board on Tuesday "to focus on his other business interests". Oriole hires Martin Rosser as new CEO and executive director, starting Wednesday. Rosser was CEO of AIM-listed Alexander Mining PLC for 13 years.

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Global Smaller Cos Trust PLC - invests in profitable smaller companies globally, individually in US, UK and Europe and via funds in Japan, Asia and Latin America - As announced in October, Nish Patel takes over as lead manager on Wednesday. Patel replaces Peter Ewins at manager Columbia Threadneedle Investment Business Ltd.

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CVC Income & Growth Ltd - invests in senior secured loans and other sub-investment grade corporate credit - Chair Richard Boleat retires from board on Tuesday, having served on the board since the company's inception in 2013. Robert Kirkby is promoted from non-executive director to chair.

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By Tom Waite, Alliance News editor

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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11 Apr 2024 09:52

Longboat Energy shares plunge as annual loss widens

(Alliance News) - Longboat Energy PLC on Thursday reported that its annual loss widened on impairments and higher costs in 2023, as the group again generated no revenue.

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1 Feb 2024 16:51

IN BRIEF: Longboat says Japex JV farms-down Norwegian licences

Longboat Energy PLC - exploration and production company, active in Norway and Malaysia - Announces completion of farm-down of two exploration licences on the Norwegian continental shelf by Longboat Japex Norge AS through an agreement with Concedo AS. Longboat Japex is a joint venture between Longboat and Japan Petroleum Exploration Co Ltd. Longboat has farmed down its interest in the PL1182S licence to 15% from 30% in return for a full carry of the Lotus exploration well. The well is expected to spud in the third quarter of 2024. Longboat has also farmed down its interest in the PL1049 licence to 25% from 40% in return for Concedo carrying a portion of the company's 2024 exploration expenditure.

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17 Jan 2024 17:59

IN BRIEF: Longboat Energy awarded stake in Norwegian licence

Longboat Energy PLC - exploration and production company, active in Norway and Malaysia - Announces it has been awarded a 20% interest in licence PL 1212 S which contains the Magnolia prospect, together with partners Equinor Energy AS (operator) 40% and DNO Norge AS (40%). Estimates Magnolia to contain gross mean prospective resources of 39 millions of barrels of oil equivalent with further potential upside estimated at 57 mmboe. Puts the chance of success associated with the Magnolia prospect at 34% with the key risk being hydrocarbon retention and phase.

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21 Dec 2023 12:36

IN BRIEF: Longboat Energy raises Block 2A interest in Malaysia

Longboat Energy PLC - exploration and production company, active in Norway and Malaysia - Completes acquisition of privately held Topaz Number One Ltd, thereby increasing its working interest in the production sharing contract over Block 2A offshore Sarawak, Malaysia to 52.5%. Longboat now holds an operated 52.5% interest in Block 2A, offshore Sarawak Malaysia, containing the "giant" Kertang prospect. The transaction was announced in September.

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8 Dec 2023 10:09

Longboat Energy says joint venture farms down two exploration licenses

(Alliance News) - Longboat Energy PLC on Friday said its Longboat JAPEX Norge AS joint venture has farmed down two exploration licences.

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23 Nov 2023 15:34

IN BRIEF: Longboat states production at Statfjord Øst lower than hoped

Longboat Energy PLC - exploration and production company, active in Norway and Malaysia - Reports the fourth of five new infill wells in Statfjord Ost has now been successfully drilled. Project execution is on track with the Statfjord Ost and Sygna fields expected to be fully on stream from all wells early in the new year. The transaction is progressing towards completion, which is expected in January. But, initial production for 2023 is estimated to be around 250 barrels of oil equivalent per day net to Longboat, which is slightly lower than anticipated mainly due to a delay in bringing the new wells on stream. Production is expected to increase significantly early in 2024 when all wells will be brought on stream.

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27 Sep 2023 12:03

Longboat Energy focused on JAPEX as interim loss widens

(Alliance News) - Longboat Energy PLC on Wednesday said it aims to build a business in Norway and South East Asia as it reported a widened loss for the first half of 2023.

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20 Sep 2023 12:42

Longboat Energy shares drop on "minor" gas discovery

(Alliance News) - Longboat Energy PLC on Wednesday shared a "minor" discovery at the Velocette exploration well in Norway.

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20 Sep 2023 10:45

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13 Sep 2023 10:15

Longboat Energy buys Topaz, raising block 2A interest in Malaysia

(Alliance News) - Longboat Energy PLC on Wednesday said it bought privately-held firm Topaz Number One Ltd, which it said marked the expansion of its business in south-east Asia.

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29 Aug 2023 12:01

IN BRIEF: Longboat notes start of production at Statfjord Ost field

Longboat Energy PLC - Norway and Malaysia-focused full-cycle exploration and production company - Notes announcement by Equinor Energy AS that production has started at the Statfjord Ost project in the North Sea, six months ahead of schedule. Statjord Ost is operated by Stavanger, Norway-based oil and gas explorer Equinor. Longboat holds a 4.8% interest in the project area. Production is expected to increase by 26 million barrels of oil equivalent. Adds that two new wells have been drilled from subsea templates and three more wells are expected to be drilled.

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8 Aug 2023 12:17

Longboat Energy says drilling commences at Velocette exploration well

(Alliance News) - Longboat Energy PLC on Tuesday said its joint venture company Longboat JAPEX Norge AS has commenced drilling at its Velocette exploration well, offshore Norway.

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(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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