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Interim results and investor webcast | Company Announcement

GDELT25 min read

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 596/2014 AS AMENDED AND TRANSPOSED INTO UK LAW IN ACCORDANCE WITH THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("UK MAR"). Seascape Energy, an E&P company focused on Southeast Asia, is pleased to announce its unaudited interim results for the six-month period to 30 June 2026. · Cash reserves of £7.1 million (1H 2025: £6.2 million), including £2.2 million of restricted cash related to guarantees provided as security for future work programmes in Malaysia o £1.3 million cash-backed guarantees released post period end · Administrative costs of £0.6 million (1H 2025: £2.8 million) reflecting tight cost controls and capitalisation of personnel and administrative expenses relating to the Temaris project Seascape has made material operational progress across its gas-weighted Malaysian portfolio during the period. In parallel, the Company has progressed partnering and financing initiatives, including workstreams directed toward securing a strategic partner and exploring multiple debt financing routes to support development funding. Taken together, these achievements leave the Company well positioned to deliver significant gas production from its Malaysian portfolio by 2028 and deliver superior full-cycle value for shareholders. As announced separately today, Executive Chairman James Menzies has stepped down…

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