Longboat Energy plc announced In May 2023, Longboat announced that it had reached agreement with Japan Petroleum Exploration Co. Ltd. ("JAPEX") to make a significant investment into its Norwegian subsidiary to form a joint venture, Longboat JAPEX Norge AS ("Longboat JAPEX"). In order to maximise the value of Longboat Japex and pursue its growth strategy, Helge Hammer has elected to focus his time exclusively on his role as Chairman of Longboat JAPEX.

Accordingly, Mr. Hammer will step down from his role as Chief Executive Officer of Longboat Energy with effect from 1 May 2024. In recognition of the growing importance of Southeast Asia in the Company's portfolio and opportunities to capitalise on the advantages Longboat has created in the region, Nick Ingrassia, currently the Corporate Development Director, will assume the role of Chief Executive Officer.