Source - Alliance News

Longboat Energy PLC - Norway and Malaysia-focused full-cycle exploration and production company - Forms new licence group in PL1049 licence. Says it has been stratigraphically split and renamed to PLS1049S. Longboat subsidiary Longboat Energy Norge AS holds a 40% stake in PL1049S, including the Jasmine and Sjokreps prospects.

Current stock price: 25.06 pence, up 0.2% on Tuesday

12-month change: down 35%

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