Seascape Energy Asia Plc

Temaris block gas development

Temaris development progressed from FEED awards (since Jan 2026). The 30 Sep 2026 interims said FDAP was on track for Q4 2026, FEED contracts were awarded and the export route agreed. On 15 Oct 2026 PETRONAS issued a Letter of Agreement for a 547 sq km area extension (+45%, to ~1,770 sq km), subject to final documentation. The farm-out has restarted, aiming for a partner before FDAP; updated CPR due Q4 2026.

First production

H2 2028 at plateau of 100 mmscfd (~17,000 boepd) 15 Oct 2026 ↗

Farm-out

Restarted; aim to introduce a partner before FDAP submission in late Q4 2026 15 Oct 2026 ↗

Extra acreage

Active negotiations with PETRONAS MPM; subject to final commercial agreement and approval in coming months 30 Sep 2026 ↗

Export route

Third-party export route agreed; commercial discussions progressing 30 Sep 2026 ↗

Area extension

547 sq km; PSC rises ~45% to ~1,770 sq km; Letter of Agreement from PETRONAS MPM, 15 Oct 2026 15 Oct 2026 ↗

Conditions

Subject to execution of final documentation 15 Oct 2026 ↗

Next: FDAP submission, with farm-out partner ideally introduced before

1. 15 Oct 2026 Acreage extension agreed in principle; farm-out restarted
2. 30 Sep 2026 FEED awarded; farm-out restarted; FDAP Q4 2026
3. 25 Jun 2026 Macquarie mandated; structuring over coming months
4. 25 Jun 2026 FEED contracts awarded; partner process broadened