Member Info for WhirlawStones

Morning all - this is great news, the numbers and the fundamentals here are just getting better and better.

Really looking forward to Thursday's presentation.

Well done Seascape - exciting times ahead.

Thanks for the heads up about this Oil.

With no real seller around in the last couple of weeks, I doubt the funds will have been able to acquire any significant amount of shares yet.

Aside from all the excitement of the incredible numbers associated with Bloack 2A, I don't think it can be overstated the fact that we have acquired DEWA at ZERO COST, and that more barrels will be added at ZERO COST. This is pretty much unheard of isn't it?!

Just wanted to say I've also been accumulating recently, and again today. Lots of news to look forward to this year. Also thinking that any temporary weakness in gas prices should be positive for the kind of production deals we know they are looking at.

I finally got chance to watch last week's online presentation yesterday, and was encouraged.

It seemed clear that there are two deals they are very keen on, and that they are far from settling just with what they've achieved in the last 12 months (quite a lot). They seemed confident that deals would be struck this year. Good to hear them also reiterate that share price was their marker of success. This can be seen to be unlike Faroe, where market cap seemed more important.

It also sounds like they are keen to strike deals in other SE Asian countries.

I'm still accumulating, happy to take advantage of whichever holder of size has recently decided to sell.

SP will no doubt rise significantly on anticipated Kertang drilling alone, imo, never mind what rabbits they pull out before then.

Good day to one and all.

Very interesting Oiltdr. We know Seascape are moving a lot faster than Longboat ever did and it seems a logical next step, to get some cash flow sooner rather than later.

Perhaps it will be something along the lines of the acquisition deal Jadestone struck with SapuraOMV in 2021. The deal was backdated, which meant, if memory serves, that on completion Jadestone actually received a payment from Sapura, due to the accrued value of the daily barrels from the time of the agreed date.

After shedding the Norway baggage and rebranding as Seascape there is a real new sense of purpose to this company - they are following through on their strategy and that makes me really excited for the future.

Looking forward to the presentation tomorrow. Not worried about the day to day share price - the general trajectory is surely northwards, given what's on the table and what else is being hinted at in this very favourable part of the world to be working in.

Well done all who kept the faith during the darker days. Look at our bank balance and assets and work on Block 2A since where we were not 12 months ago

Just for fun really, it would be interesting to hear how many shares us who frequent this board hold between us, wouldn't it? I reckon we probably own quite a bit of the company between us!

I'll start (and include a recent poster who declared their holding).

Whirlaw: 0.5%

Oiltdr: 2.6%

Who's up next?

Good stuff Oil. Holding 2.6% of SEA now eh? Impressive. You'll be having to notify soon at this rate!

Sounds like you are pretty confident then, as am I.

Exciting times ahead..

Interesting to note that PCP held over 8 million shares (over 14% of the company) as recently as May this year, prior to the Malaysia pivot

I had a feeling it was PPC selling. Threshold crossed last Wednesday, so likely fully out by now? Good bye and good riddance to this legacy shareholder!

You're a funny guy Valueseeker. Last time we saw you round these parts you were going on about a sub-10p raise.

I take it you didn't bother watching the Seascape presentation last week?

Hi Oil, you seem to know your onions.

I wouldn't be surprised if you are right about this, because of the reasons you give, but also because of the vibes given off during the preentation. I'm guessing they are really happy with the farm out deal they have struck, otherwise they could have drawn out the process into next year. Exciting times - looking forward to the farm out annoucement.

I noticed that when Topaz were acquired in Autumn 2023, the presentation stated there were incentives for JM and PE related to farming out Block 2A, and a successful Kertang drill result.

But also that there were incentives for them to deliver a production deal within two years. So that may also be something we hear more about in 2025.

I suspect that Frank Sinatra's 'Fly me to the Moon' will be on every Seascape shareholder's Spotify playlist come H2 2025!

Zebbo,

If your earlier sage-like posts from back in the dark days of May are anything to go by, I'll be inclined to believe you this time too!

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zebbo

Price: 7.75

Positive News30 May 2024 23:26

Any positive news will be a catalyst for a proper move higher. Personal thoughts, need to sell the stranded Norge assets, re capitalise plc and focus on Asia. I do believe there are many roads that can be taken at this point by LBE. But the bod need to be decisive and move fast.

That aside I did think the RNS release painted the worst posible picture. Hopefully there will be a positive outcome at the AGM

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zebbo

Price: 7.75

RE: Positive News31 May 2024 07:43

Hagis, agree, we still have many avenues here and the SP could quiet easily return to previous levels. I am going to stick my neck out and say the SP will be higher at the end of the year Vs where is was prior to this update

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zebbo

Price: 7.75

FWIW31 May 2024 09:19

I have been adding and now have 1.25% of LBE. For that reason I will be keeping a very close eye on BOD actions. I just think Asia opportunity is to big to ignore

Congratulations Ash, and well done for holding on and being strong (and presumably averaging down when the opportunity was there!). Things have never looked so positive here, there really is a feeling that we are on to something good with this turn to SE Asia, with all the opportunities, not to mention what's already in the pipeline and mapped out for us to look forward to. It's great to see some positive vibes here for a change, even if some excited pups are posting perhaps a bit too regularly!

Happy to still be here and watch this unfolding. Holding for £££

PS - whatever happened to Mozzabezza, is he still around?

Yeah - I agree with Paul and keepto on this.

Did anyone notice during the presentation yesterday that when James finished talking about DEWA and moved onto introducing Block 2A he broke out in a massive grin. That, and the other bits of the jigsaw, made me think that the farmout is a done deal.

Seems more people finally waking up to the opportunity here. New company - Old sunken longboat share price!

Watched the presentation with interest today and was struck by the positive energy and excitement the team has. Great news yesterday re the DEWA deal, but understanding there is so much more to come here. Thank god the Norway nightmare is behind us. They also seemd confident of financing that didn't involve share dilution, which was also great to hear confirmed. Exciting times ahead, I'm here for the journey

This DEWA deal alone seems to justify the rationale behind quitting Norway for Malaysia.

Looking forward to hearing more about it at the meet tomorrow.

Have continued to accumulate in recent weeks (who's still selling? Progressive CP?),

and I'm excited for what's to come.

Opportunity still knocks if you believe the company will deliver what they say they will. Helge and co didn't deliver in Norway, let's see whether JM and NI can do better.

"We are excited about our growing portfolio which we expect to deliver several value inflection points in the near-term."

Blimey.

If we get something like that, then looks like my £1 sp target may finally be within reach again then.

And that's before any drill on Block 2A/Kertang.