Longboat Energy Plc underwent significant changes in 2024, impacting its share price and corporate structure and changed it’s name to Seascape Energy Asia plc.
In June 2024, Longboat Energy announced the sale of its 50.1% stake in Longboat Japex Norge AS to its joint venture partner, Japan Petroleum Exploration Co Ltd (JAPEX), for $2.5 million. This decision marked the company’s exit from Norway to focus on building a full-cycle exploration and production business in Southeast Asia.
Following this strategic pivot, the company changed its name to Seascape Energy Asia plc in September 2024. Trading on the AIM market under the new ticker symbol “SEA” commenced on September 18, 2024.
After the sale to JAPEX, shares of Longboat Energy rose by 59% to 11.50 pence on June 17, 2024.
Later in the year, Seascape Energy Asia’s stock reached a new 52-week high of 45 pence on December 2, 2024, following insider buying activity.
These developments reflect the company’s strategic redirection and its impact on investor confidence and share value.
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Is Longboat Energy Plc A Good Investment?
The below Longboat Energy Plc share price analysis and market data includes key financials, earnings estimates, peer performance, dividends, news and a company profile that will give you an indication as to whether this stock is a buy, sell or hold.
