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Longboat Energy Plc (SEA) AI Stock Analysis
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Longboat Energy Plc
(LSE:SEA)
The score is held back primarily by weak financial performance (no revenue, ongoing losses and cash burn), only partly offset by improved leverage (no debt since 2023). Support comes from a constructive technical setup (price above major moving averages with positive MACD) and an optimistic earnings call outlining concrete project milestones and financing progress, while valuation remains challenged due to a negative P/E and no dividend yield.
Longboat Energy Plc (SEA) vs. iShares MSCI United Kingdom ETF (EWC)
- Market Cap
- GBP 76.38M
- Dividend Yield
- ―
- Average Volume (3M)
- 250.54K
- Price to Earnings (P/E)
- -32.9
- Beta (1Y)
- -0.13
- Revenue Growth
- ―
- EPS Growth
- 68.98%
- Country
- UK
- Employees
- 10
- Sector
- Energy
- Sector Strength
- 65
- Industry
- Oil & Gas Exploration & Production
Longboat Energy Plc Business Overview & Revenue Model
Company Description
Operating as an integrated exploration and production firm, Seascape Energy Asia plc primarily seeks to acquire petroleum and natural gas properties. Its geographical focus for these acquisitions spans Norway, Malaysia, Southeast Asia, and the United...
How the Company Makes Money
Longboat Energy makes money primarily through upstream petroleum value-chain cash flows tied to equity interests in oil and gas assets and licenses. Its core potential revenue stream is the sale of hydrocarbons (oil, condensate, and/or natural gas) p...
Longboat Energy Plc Earnings Call Summary
The call was strongly optimistic, with management highlighting rapid progress toward Temaris development, substantial prospective-resource additions, significant interest in the farm-out, a robust cash position, fully carried Kertang drilling, and potential portfolio production of 10,000-20,000 barrels of oil equivalent within 18 months. The main challenges were the company's current pre-production losses, the still-uncompleted Kertang rig tender, DEWA's infrastructure dependencies, and the need to finalize farm-out and project financing arrangements.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Management said Temaris’ FDAP submission is targeted for December this year, or Q4 2026, with submission mid-December, FID expected in Q1 next year and first gas targeted for the second half of 2028; the 250 BCF development is designed around an initial rate of around 100 million scf a day, a 16-inch pipeline believed capable of carrying 250 million scf a day, equivalent to 17,000 barrels of oil equivalent, and potentially up to 35+ if additional volumes are found, with production potential from the portfolio of anywhere between 10,000-20,000 barrels of oil equivalent within 18 months. The company expects to have spent a little bit over GBP 10 million by field development plan readiness, expects financing through a farm-in and debt, and said DEWA volumes are intended to enter system capacity no later than 2030; Kertang drilling remains on track for next summer, in less than 12 months, with 9 TCF mean prospective resource and a P10 volume of 18 TCF.
Longboat Energy Plc Financial Statement Overview
Summary
Financials remain weak due to no revenue (2020–2025), persistent operating losses (negative EBIT/EBITDA), and ongoing cash burn with negative operating and free cash flow. Positives include a cleaner balance sheet with zero debt since 2023 and improved 2025 net loss versus 2024, but the company is still pre-cash-flow with continued funding/execution risk.
Income Statement
12Very NegativeBalance Sheet
46NeutralCash Flow
18Very Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | -22.70K | -14.95K | -7,407 | -10.48K | -10.30K | -30.06K |
| EBITDA | -2.33M | -4.37M | -5.67M | -3.85M | -2.58M | -11.40M |
| Net Income | -2.11M | -4.17M | -16.45M | -4.19M | -15.47M | -4.68M |
Balance Sheet | ||||||
| Total Assets | 15.04M | 10.91M | 4.42M | 18.07M | 89.15M | 60.24M |
| Cash, Cash Equivalents and Short-Term Investments | 7.12M | 6.23M | 2.47M | 3.68M | 12.06M | 26.28M |
| Total Debt | 0 | 0 | 0 | 0 | 37.25M | 582.80K |
| Total Liabilities | 1.13M | 1.91M | 1.75M | 1.13M | 68.21M | 24.12M |
| Stockholders Equity | 13.90M | 9.00M | 2.66M | 16.94M | 20.93M | 36.12M |
Cash Flow | ||||||
| Free Cash Flow | -397.73K | -2.78M | -4.01M | -6.78M | -7.58M | -29.31M |
| Operating Cash Flow | -380.15K | -2.75M | -3.93M | -6.62M | -7.57M | -2.32M |
| Investing Cash Flow | -5.99M | 3.75M | 2.09M | -3.64M | -43.08M | -9.80M |
| Financing Cash Flow | 4.66M | 3,015 | 1.78M | 2.03M | 35.18M | 31.34M |
Longboat Energy Plc Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:SEA, the sentiment is Positive. The current price of 108.50 is above the 20-day moving average (MA) of 103.92, above the 50-day MA of 100.22, and above the 200-day MA of 87.83, indicating a bullish trend. The MACD of 2.79 indicates Negative momentum. The RSI at 63.98 is Neutral, neither overbought nor oversold. The STOCH value of 51.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:SEA.
Longboat Energy Plc Peers Comparison
Overall Rating
- GB:SEA60Neutral
GB:CHAR55Neutral
GB:JOG52Neutral
GB:BOR45Neutral
GB:UPL43Neutral
GB:ENW38Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 65Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% |
| GB:SEA | 60Neutral | GBP 76.38M | -32.88 | -18.42% | ― | ― | 68.98% |
| GB:CHAR | 55Neutral | GBP 99.25M | 54.89 | -3.94% | ― | ― | ― |
| GB:JOG | 52Neutral | GBP 38.38M | -20.87 | -8.19% | ― | ― | -14.17% |
| GB:BOR | 45Neutral | GBP 96.13M | -117.69 | -0.56% | ― | ― | -40.00% |
| GB:UPL | 43Neutral | GBP 50.50M | -29.25 | -25.54% | ― | ― | -75.00% |
| GB:ENW | 38Underperform | GBP 39.28M | -7.78 | -4.22% | ― | ― | ― |
* Energy Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| GB:SEA | Longboat Energy Plc | 108.50 | 40.10 | 58.63% | |
| GB:ENW | Enwell Energy Plc | 12.25 | -4.75 | -27.94% | |
| GB:BOR | Borders & Southern Petroleum | 10.55 | -0.30 | -2.76% | |
| GB:JOG | Jersey Oil and Gas | 117.50 | -40.00 | -25.40% | |
| GB:UPL | Upland Resources | 2.92 | 0.38 | 14.71% | |
| GB:CHAR | Chariot Oil & Gas | 3.28 | 1.54 | 88.72% |
Longboat Energy Plc Corporate Events
Seascape Energy Asia advances Malaysian gas projects and tightens costs ahead of 2028 production push
PositiveSeascape Energy Asia reported strong operational progress in the first half of 2026, advancing its Malaysian gas projects led by the Temaris Cluster, which is on track for a key development plan submission in late 2026.Front-end engineering is comple...
Seascape Energy Asia Strengthens Board as Executive Chairman Steps Down
PositiveSeascape Energy Asia plc has announced a series of board changes as Executive Chairman James Menzies steps down from the board to focus on recovery from a serious cycling accident. Interim Non-Executive Chair Geraldine Murphy has been confirmed as pe...
Seascape Energy Asia Sets Date for Interim Results and Investor Presentation
NeutralSeascape Energy Asia plc said it will publish its unaudited financial statements for the period to 30 June 2026 on 30 September 2026, making the report available on its corporate website for investors and other stakeholders. The move underscores the...
Seascape Energy Asia Names Interim Chair as Executive Chairman Takes Medical Leave
NeutralSeascape Energy Asia plc has announced that Executive Chairman James Menzies will take an initial three‑month medical leave of absence following a cycling accident. Senior Independent Director Geraldine Murphy has been appointed Interim NonR...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 02, 2026