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AIM:LBE

Longboat Energy PLC

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Market:
AIM
Price
21.40 GBX
Day Change
-3.82%
Market Cap:
£12.22 m
52 weeks high
33.90
52 weeks low
8.00

In brief

Longboat Energy was established at the end of 2019 to create a full-cycle E&P company through value accretive M&A and near-field exploration. To date, Longboat's main focus has been in Norway where since June 2021, the Company has entered into a series of transactions to acquire interests in a portfolio of exploration assets close to existing infrastructure. So far, eight of these wells have been drilled resulting in five hydrocarbon discoveries, representing a technical 63% success rate.