LBE.L Regulatory News (LBE)

26 September 2022

Longboat Energy plc

("Longboat Energy", "Longboat" or the "Company")

Investor Presentation

Longboat Energy, the emerging full-cycle E&P company, is pleased to announce that it will be presenting an updated corporate presentation to shareholders via the Investor Meet Company platform.

The online presentation will be made at 15:00 BST Wednesday 28 September 2022 and is open to all existing and potential shareholders. If you wish to attend the online presentation you should register for the event in advance via this link:

https://www.investormeetcompany.com/longboat-energy-plc/register-investor

Shareholders registered to attend are invited to pre-submit questions online via the Investor Meet Company dashboard up until 9.00am BST on Wednesday 28 September 2022 or at any time during the live presentation. A recording will be made available on the Investor Meet Company platform after the presentation.

The information contained within this announcement is not considered to be inside information prior to its release.

ENDS

Background

Longboat Energy was established at the end of 2019 to create a full-cycle North Sea E&P company through value accretive M&A and near-field exploration. Since June 2021, Longboat has entered a series of four transactions to acquire interests in a portfolio of nine, gas-weighted exploration wells drilling on the Norwegian Continental Shelf close to existing infrastructure. To date, eight of these wells have been drilled resulting in four discoveries (Egyptian Vulture, Rødhette, Kveikje and Oswig), representing a 50% success rate.

Longboat has targeted exploration prospects located in close proximity to existing infrastructure, with an overlap between exploration partners and infrastructure owners, providing a portfolio with a clear low-cost route to monetisation and low-carbon drilling and development opportunities, well aligned to Longboat's ESG targets which includes a corporate 'Net Zero' on a Scope 1 and 2 basis by 2050.