Longboat Energy drills initial well at Cambozola
A total of 159mln barrels of oil equivalent (mmboe) are estimated to be present at the Cambozola prospect
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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