Seascape Energy Asia (SEA) AGM 2026 presentation summary

Strategic positioning and market context

• Holds 100% interest and operatorship in Temaris Cluster, with ~250 bcf gas development and 950 bcf exploration upside.

• Malaysia is a key LNG supplier in Asia, balancing domestic and export demand amid increased regional activity.

• Recent transactions highlight Malaysia's attractiveness for upstream investment, with supportive multiples and strong regulatory environment.

Portfolio and operational highlights

• Temaris field development plan is underway, with FEED contracts awarded and well design complete; first gas targeted for 2028.

• DEWA Cluster (28% interest) targets >200 bcf gas, with first gas also in 2028 and estimated net production of ~6 kboepd.

• Block 2A (Kertang) holds a giant 9 TCF gas prospect, with drilling planned for mid-2027 and a full, uncapped carry on initial wells.

• Cash balance of £8.5–9 million as of Q2 2026, with no debt and Macquarie Bank mandated for development debt financing.

Technical and exploration updates

• Temaris 3D seismic reprocessing identified additional near-field exploration opportunities.

• Tembakau gas field (246 bcf) to be developed via unmanned platforms tied to existing infrastructure, targeting 17,000 boepd.

• Southern Malay Basin offers significant prospective resources (950 bcf unrisked), with ongoing efforts to secure additional acreage.

• DEWA development plans nearly complete, with potential synergies from recent EnQuest asset acquisitions.