London · Delayed Price · Currency is GBP · Price in GBX Seascape Energy Asia Earnings Call Transcripts
Fiscal Year 2025
-
Malaysia's prolific basins and strong gas demand underpin a portfolio with major assets like Topaz, Dewa, and Block 2A, each offering significant resource potential and rapid development opportunities. The company’s agility and technical strengths position it for transformative growth.
-
All AGM resolutions passed with strong support. The company highlighted rapid portfolio growth in Malaysia, with major projects Tamaras and Dewa advancing toward production by 2027. A new CPR and further asset acquisitions are planned, with management focused on bridging valuation gaps and accelerating development.
-
Award of the Temaris cluster has transformed the portfolio, positioning for rapid growth in Malaysia’s gas market. High-quality assets, low-cost development, and strong industry relationships underpin a strategy focused on value creation and further expansion.
Fiscal Year 2024
-
Completed strategic pivot to Southeast Asia, exiting Norway and focusing on Malaysian assets, with significant cost reductions and a strengthened cash position. Near-term catalysts include a pending PSC award and a major farm-out, amid strong regional market fundamentals.