Member Info for pauldrayton

I’m perfectly happy with that. Still a tiny number of shares in issue and lots going on over the next 12 months. It’s a sensible move and they’ve only raised what they need to.

Mogger or anybody else who listened to the presentation, was there any comment about where Aoka Mizu is going for the refit? I’m sure Dubai was mentioned but can’t remember by who and I wonder if plans may have been changed in light of recent events.

ZYX (or others), do we know for a fact that Dubai was the intended destination for the Aoka Mizu refit? I know it’s been rumoured on here but can’t remember if there has been any concrete info on the matter.

Whilst I think this war is going to put the spotlight on energy security even brighter than it was before, what are the possible risks to RKH?

Where will Aoka Mizu go for its work if the Straits of Hormuz remain closed? Is there a possibility of delay?

Could there be supply chain issues? Cost overruns?

Sea Lion is undoubtedly worth considerably more at $85-95 Brent than it was at $65-75 but just trying to consider potential risks as well.

Crikey Brent $108.

So they are planning DEWA FID this year, Temaris FID this year or early next and Kertang well H2 next year.

Then first gas production 2028.

Looks like (at long last) they have a very active couple of years ahead.

The crucial element will be Temaris farm out and financing - encouraging to hear Nick think they can do it with only a very small (or zero) equity placing.

Https://www.express.co.uk/news/politics/2177662/rachel-reeves-announces-crisis-meeting/amp

You’d think this kind of rise would mean it’s more than just a rumour but I don’t trust this Labour government at all.

I missed this from Enquest on Monday:

“The DEWA PSC, which is located around 60km offshore Sarawak, Malaysia, includes 12 discovered fields with significant gas development potential. EnQuest is targeting a phased development, with Phase 1 expected to deliver net production of c.9 Kboed and c.28 MMboe of net reserves. The Field Development and Abandonment Plan ('FDAP') and Final Investment Decision ('FID') are planned for 2H 2026, subject to partner/regulator reviews and approvals.”

https://www.lse.co.uk/rns/ENQ/february-operations-update-ixa4pgck2nfqln6.html

You’re a few months late for rig rumours Divi. The Noble Endeavor is contracted from December.

The time will fly as it always does. 2 months have already passed since FID.

Murni Shaharom (of Agile):

I feel like a proud mama! 🥰

Such a milestone for Agile Energy Sdn Bhd to be awarded the FEED contract for Seascape Energy Asia plc TEMARIS Cluster. Seascape Energy Asia plc has been a wonderful client to work with and I am excited to be part of their growth!

Thank you Christopher Cooper - a lot of hardwork was put into materializing this and now I look forward to be working with the

amazing team to turn it into a success!

What a way to start 2026!

Agile Energy (also on LinkedIn):

It's been great to play a part of supporting Seascape Energy Asia plc growth. Agile first worked for Seascape on a small piece of due diligence. Soon after we performed the Block 2A feasibility study and supported the farm out process.

For the last year we've worked as part of the Seascape Team on Temaris. We got involved in the MBR bid, celebrated the award and performed the facilities feasibility and concept select studies.

This week we are very happy to get the opportunity to continue the relationship on Temaris through to FID and hopefully into First Gas. It's not very often you get to work on a project all the way through from pre-award to Operations, it's even rarer you get to really feel like part of the Operator's Team.

Looking forward to working with all the Seascape Team and continuing to grow together.

Heading home exhausted AND enthused-as-ever after a few weeks in Asia!

Has been a great trip which has included presenting at a SEAPEX evening in Singapore, attending the PACKED launch of the Malaysian Bid Round 2026 in KL and spending time with the Seascape Energy Asia plc team getting a full status update of our Temaris and DEWA develpoment projects which are rapidly taking shape with help support from amazing contractors including Agile Energy Sdn Bhd, AGR and SynergenOG.

Thanks nikb - much appreciated.

I’ve been thinking the scenario you outline would play out for some time, but now hope it happens once Sea Lion is in production.

Nikb, what are your thoughts on US shale and the ability to react to higher prices with higher production? There has been a lot of talk over the years about peak production but it somehow keeps pushing higher.

Are you sure this is the same Seascape?

Looks like it could be unrelated and a subsidiary of V2Y?

https://links.sgx.com/FileOpen/2025.11.14%20V2Y_Incorporation%20of%20Subsidiaries.ashx?App=Announcement&FileID=867221&utm_source=chatgpt.com

Stevo,

Always appreciate your analysis.

“I have based this value per barrel on NS barrels pre EPL with UK and FI taking a similar tax take”.

I’m not saying that’s a bad barometer but a you’re comparing a basin in decline in a country being openly hostile to oil & gas vs a brand new oil province with a pro-oil government.

Also FI regime is 26% tax & 9% royalty vs 40% tax (pre-EPL) in the UKNS, not that it makes an enormous difference to your model.

Welcome Supra and congratulations on your trades - I have to admit I’ve watched on with a bit of jealousy! Good work.

Whilst the SP here has gone from 68p to 84p since I mentioned it, I hope that you’re not ‘late’ at all. The next 12-18 months should be interesting and I hope it proves a good investment for you but bear in mind the small number of shares in issue means it can get a bit volatile (10% swings in a day are not unusual!).

All the best.

Seems to be a hungry buyer about this morning.