RE: Risk reward excellent here1 May 2024 15:52
Worth investing for this alone, we know the big E&P players want this deal.
Its Malaysian portfolio, Kertang, is located north-west of the prolific Central Luconia hydrocarbon province.
In February 2023, Longboat entered Malaysia through the award of a Production Sharing Contract for Block 2A, offshore Sarawak. Block 2A covers approx. 12,000km2 and is located in water depths of between 100-1,400 metres where a number of large prospects across multiple plays have been identified, with significant volume potential representing multiple trillions of cubic feet of gas.