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Kasawari (~5–10 TCF) — Estimated pre-drill CoS: ~15 – 30 %

Giant carbonate buildup: very high potential but moderate geological risk (seal and charge uncertainty, reservoir quality).

Operators usually assign mid-teens to low-30 % CoS for such large, partially delineated structures.

Lang Lebah (~5 TCF) — Estimated pre-drill CoS: ~10 – 30 % (likely around 15 – 25 %)

Central Luconia carbonate with similar challenges.

Attractive upside justified drilling despite moderate risk; typical pre-drill numbers for analogues fall in this range.

Marjoram (~2 TCF, part of Rosmari-Marjoram complex) — Estimated pre-drill CoS: ~15 – 35 %

Smaller structure, but by then subsurface knowledge and analog data in the area had improved, which usually lifts CoS somewhat compared to earlier wildcats.

Unfortunately, I’m not there and my brother in law is busy with work.

Don’t worry about the RNS’ it’s all about the Muddy Murphys, Happy Hour. ;)

Enquest are presenting Tuesday. Maybe something on DEWA Tuesday?

So, Pierre Eliet and Matthew Choo flew to London to pre record Monday’s presentation… As per Sea’s X page.

I’m going to ask my brother in law to go. $80 for non members and 4 beers tokens. Win win.

Busy time for Matthew Choo. 10th October.

Speaker #1: Matthew Choo-Head of Exploration, Seascape Energy Asia plc

Topic: A new look at the Temaris gas cluster in Peninsular Malaysia – a hidden gem

https://www.seapex.org/singapore-meetings/?utm_source=chatgpt.com

So, we have our presentation 13th and the Matt Choo the next day at the Asia Pacific Oil & Gas Conference and Exhibition (APOGCE) 2025 in Jakarta, Indonesia…

• Indonesia – Licensing Round 2025

• Submission deadline: 4 Jul 2025

• Awards pending.

• Thailand – 25th Bidding Round

• Submission window: 9–16 Jul 2025

• Awards pending.

• Vietnam – Bid Round 2025

• Submission deadline: 1 Aug 2025

• Awards pending.

To be fair SEA follow quite a few companies.

7 days before…

10 working days to go.

Hopefully something substantial before the 13th October.

Not getting involved in this but I will say that IGF/PMF had certainly planned to take Fishkhabur.

Fight my occurred near by, but didn’t escalate as a result of stronger presence of peshmerga in FIskhabur and USA pressure.

Couldn’t help my self, bought some more with some GKP profits.

A bi step in the right direction. Hopefully the RNS will clarify the time frame for amendments once the independent consultant calculate our entitlement.

Thanks from me too.

I guess the adjacent block would be PM507?

RNS in coming….? I see that Gabriel - finance and Julian the company secretary there too in Malaysia.

Hopefully they fit Kertang in during 2026

INPEX Drilling and Project Timeline

2025

Two FEED wells (July and September)

Block 2A decision point on wildcat drilling

2026

Block 2A: one firm wildcat well, with potential contingent appraisal well????

2027

Ichthys LNG: start of development drilling campaign (multi-year, up to 13 wells)

Muara Laboh Geothermal Phase 2: commercial operations commence

Post-2027

Abadi LNG Project: drilling after FEED completion

Bonaparte CCS Project: CO₂ storage drilling toward 2030

Metropolitan Area CCS (Japan): possible exploratory drilling after FEED

Serpang Working Area (Indonesia): exploration potential, no schedule confirmed yet

Resisting the urge to average up too.

Squeeze is on.

Norway’s SpareBank 1 Markets reinstated coverage of SEA on Friday with a BUY rating and a target price of £1.00/share (based on a NAV of £1.48/share)