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Longboat energy hail 'quality of opportunities in Norway' as firm gets set for exploration well spud

Longboat Energy PLC (AIM:LBE, FRA:8YG) (AIM:LBE, FRA:8YG) CEO Helge Hammer joins Proactive London as the company begins counting down to the spud of the Egyptian Vulture exploration well. 

This well is offshore Norway, which is slated by operator Equinor for late August, targeting some 103mln barrels of prospective resources with ‘upside’ potential seen up to 208mln. 

Hammer explains how they are looking forward to a busy period of almost continuous drilling and frequent value catalysts during the next 18 months.

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AIM:LBE

Price: 82 GBX

Market Cap: £46.47 m

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Longboat Energy CEO talks North Sea growth plans as it narrows in on first...

Longboat Energy (LON:LBE) CEO Helge Hammer introduces the firm to Proactive London's Andrew Scott and discusses the intention to build a  'full-cycle North Sea oil and gas company'. ''We're looking to grow an oil company, a mid-size independent, we think that the timing is really...

on 4/12/19

2 min read