Company
Longboat Energy PLC
LON:LBE
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.
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Longboat Energy shares rise after joint venture approved
Longboat shares rose 7% after the firm confirmed regulatory approval for its joint venture plan
Longboat Energy slips as losses mount in 2022 and it seeks new funding
Longboat Energy fell over 10% after confirming it was seeking additional funding for 2023 after losses mounted last year
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Longboat Energy shares fall on gas condensate well results in Norway
The well confirmed the discovery, albeit it was shown to be at the low-end of expectations
Longboat Energy says Oswig exploration hits higher-than-expected gas volumes
"We are very pleased to have encountered hydrocarbons in the Oswig exploration well," said Longboat chief executive Helge Hammer
Longboat Energy disappointed as Copernicus well fails to find reservoir
Only background gas readings were detected in the exploration well
Longboat Energy secures stakes in Norwegian gas projects
The first of two newly added wells is slated to spud later this month