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LSE:LBE

Longboat Energy Plc

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Market:
LSE
Market Cap:
£8.76 m
Price
89.90 GBX
Change
-0.11%
52 weeks high
133.00
52 weeks low
55.00

In brief

Longboat Energy Limited has been established with the aim of building a significant North Sea-focused E&P business. The company is focussed on growth through value accretive M&A transactions and creating significant value with the drill-bit, both through infill drilling in existing fields and through near field exploration drilling.

The company has been established by the ex-Management Team of Faroe Petroleum and will apply a similar business model, aiming to replicate Faroe’s outstanding operational track record and deliver significant production and reserves growth.