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Longboat Energy PLC on Tuesday confirmed that it is ‘exploring opportunities to broaden its strategic remit.’
Longboat is a London-based North Sea-focused exploration and production company.
It said that it is in advanced discussions with a number of parties regarding several opportunities across all phases of the exploration & production cycle in the south-east Asia region.
‘The company will make further announcements in due course, as appropriate,’ Longboat added.
Shares in Longboat were up 4.9% to 18.10 pence each in London on Tuesday morning.
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