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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Seascape Energy Asia Plc | SEA | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 13.75 | 08:00:20 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 13.75 | 13.70 | 13.85 | 13.75 |
| Industry Sector |
|---|
| ELECTRICITY |
| Top Posts |
|---|
Posted at 30/9/2024 11:22 by sogoesit Investor Meeting:"What we want to do is give a "free ride" to our shareholders (on Kertang)". What's that going to be priced at? (The bigger the prospect the more difficult and the less the interest as a carry). "New SFA Gas PSC" ... maybe taking time due to they being partner-driven time line? "Partner" is a new one on me but may have missed it. But SEA not capable of operating so it's obligatory condition precedent. Conclusion: Timeline uncertain. |
Posted at 01/9/2024 11:21 by darcon From the Longboat Energy RNS:"Following the release of its interim results, Nick Ingrassia (CEO) and James Menzies (Executive Chairman) will host a live presentation for investors via Investor Meet Company on 19 September 2024 at 11:00 AM BST. Investors can sign up to the presentation via: Investors who follow Longboat on the Investor Meet Company platform will automatically be invited. Longboat's near-term focus remains on its transformational Malaysian activities: · The farm-out of Block 2A is well underway and the Company remains confident of executing a transaction during Q4 2024; and · Negotiations on a production sharing contract, located in shallow water offshore Sarawak, Malaysia, containing a portfolio of material, undeveloped gas fields are nearing completion. The negotiations have involved multiple parties, including Federal and State entities, and are anticipated to be announced in the coming weeks." In order to reflect the recent change in strategic focus, the board has decided to rename and rebrand the Company as Seascape Energy Asia plc and change its ticker symbol on the London Stock Exchange to 'SEA'. The changes will be effected in the coming weeks and a further announcement will be made in due course. |
Posted at 28/9/2018 23:25 by officerdigby 7p dividend.... So that company could go bust quicker what kind of useless management is that seriously!Just seen JAW is NED in LOGP. |
Posted at 29/6/2017 17:09 by julcester Will SEA ex-shareholders if Remp's arbitration hearing with the Montenegrin Government is successful? I see the case is now in deliberation stage and SEA and Remp signed an agreement up to £25m... |
Posted at 24/3/2017 12:37 by philmiboots 24 March 2017Lansdowne Oil & Gas plc ("Lansdowne" or "the Company") has today been notified by KPMG LLP, the appointed administrators to SeaEnergy PLC that they have disposed of SeaEnergy's entire holding of 30,194,193 shares, representing 5.92% of the outstanding shares in the Company, through a number of on market transactions. So SEA liquidators have sold circa £300k worth of LOGP shares. Might just cover their fee I suppose. |
Posted at 13/4/2016 14:24 by papillon EPIC code: SEASeaEnergy – grim read across from appeal judgement vs Lansdowne/Providence By Nigel Somerville, the Deputy Sheriff of AIM | Wednesday 13 April 2016 Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article. Oh dear, things have just got a whole lot worse for AIM-listed SeaEnergy (SEA) as fellow AIM company Lansdowne Oil and Gas (LOGP) – in which SeaEnergy has an 18.67% interest - has just announced that its shares are suspended pending financial clarification. Lansdowne, along with its Barryroe project majority partner, AIM-listed Providence Resources (PVR), were in the Court of Appeal today where they have just lost out on a judgement regarding an aspect of a breach of contract case. The result is that an estimated $7 million plus interest and costs will have to be found. Lansdowne has a 20% interest in the Barryroe project, and has already indicated that it will have to raise funds to meet its portion of the bill, as well as additional working capital. But critically, its shares are now suspended pending clarification of its financial position. That sounds to me as though a heavily discounted funding round will be sought in order to bail the company out – or it could be that another AIM company is off to the corporate undertakers. Given that Lansdowne’s market capitalisation was just £3.44 million at suspension, according to ADVFN, it rather sounds as though an equity-raise will be a big ask. And so to SeaEnergy which was recently bailed out with loans totalling £1 million secured on its assets and repayable at the end of April next year. But with an interest bill of 10% per annum, rising to 18% in the event of a default (the conditions of which are not disclosed). Oh, and the company has already indicated that the cash will run out in May. But worse was to come only last month as the company announced that the loans have proved to be insufficient and the company’s cash position is becoming constrained. Thus a restructuring is under consideration, involving asset disposals. For that I read stripping down to a (not much) cash shell. SeaEnergy is clearly in considerable trouble – notwithstanding its series of award nominations and associated slap-up dinners for the directors – and now it is under threat of a further £642,000 hole in its balance sheet, should Lansdowne fail to raise the cash it needs. Oh how the beleaguered shareholders must rue the fact that Seaenergy is still holding all those Lansdowne shares – a non-core asset which could have been sold for £12 million upwards not so long ago. The last balance sheet of SeaEnergy was in the interims to June 2015, which showed net assets sitting at £12.7 million. Of those, £11 million was goodwill and intangibles and £1.8 million was Investments (one assumes the Lansdowne shares which could be worth norralot even if a heavily discounted bailout placing can be arranged). Things, as we know, have deteriorated sharply since then. In other words I think the fat lady is drawing breath for the final warble in this sorry saga. Those awards dinners may put on the pounds in the boardroom, but they don’t bring in the pounds for the company. SELL – 0p target is a when, not an if. - See more at: |
Posted at 08/4/2016 13:45 by papillon SeaEnergy PLC Statement re: Lansdowne Oil and Gas announcement10/03/2016 7:03am UK Regulatory (RNS & others) Seaenergy (LSE:SEA) Historical Stock Chart 1 Month : From Mar 2016 to Apr 2016 Click Here for more Seaenergy Charts. TIDMSEA RNS Number : 6177R SeaEnergy PLC 10 March 2016 SEAENERGY PLC ("SeaEnergy") Statement re: Lansdowne Oil and Gas announcement SeaEnergy PLC (AIM: SEA) notes today's announcement by Lansdowne Oil and Gas plc, a company in which SeaEnergy holds an 18.67% interest, concerning the extension of the term of its senior secured loan note by six months to 9 September 2016. >>>>> Strangely enough, advfn, don't show this RNS from LOGP. It has done wonders for the SEA share price today, but has had a negative effect on the LOGP share price Can't see the positive effect on the SEA share price lasting though. The only hope for both the SEA & LOGP sp's, IMO, is a takeover offer for LOGP as judging by the falling PVR share price hopes for a Barryroe farm out seem as distant as ever. |
Posted at 23/2/2016 14:25 by papillon For the SEA share price to rise significantly in 2016 it will depend on it's stake in LOGP.SEA must be desperate for PVR/LOGP to farm out Barryroe in 2016 on reasonably good terms and with an appraisal well being drilled asap (the third party alliance includes a drill rig operator so presumably there will be a suitable rig readily available). If the LOGP share price could rise to 10p on good farm out news that will push the value of SEA's stake to circa £3m (assuming that SEA's %age stake in LOGP doesn't go lower on a fund raising by LOGP in the meantime). That's 50% higher than SEA's current Mkt Cap. However, IMO, LOGP is a far better punt on a Barryroe farm out being concluded sooner, rather than later, than SEA. |
Posted at 10/12/2015 08:43 by skirbell I'm viewing this post as more of a cathartic experience rather than to bring anything new or valued to the discussion.I've now completely exited from SEA. It's a shame as I believe that the R2S technology offers potential however to fully realise that potential, the company needs to invest in this technology. To do that, SEA needs the capital available and the management foresight to see where this technology can be taken. Capital will be hard to come by over the next 12 months given the huge head wind that SEA's main clients face with the oil price. Oil companies themselves are struggling with cash flows and these problems are getting passed on into the supplier market. To preserve cash flows, many companies are cutting capital expenditure and that currently includes projects that could potentially reduce future cost. This sounds counter productive, but is a sign of the times in the oil industry. SEA's current balance sheet is also cause to believe that they will not be able to fund investment from reserves. As has been pointed out, they may be lucky to survive the next 12 months without some form of placing. Broadly I have agreed with SEA's business ventures however the implementation of those plans by the management have been poorly thought out. Exiting the oil legacy assets was sensible to focus on renewable but still, to this day, the company has legacy assets. These distract attention and have been valued ever lower. The management should have sold out when they took the decision and used the cash to invest properly into the renewable business. LOGP only had a slim chance of success even with oil prices much higher than they are today. Now it has no chance. I also supported the 'walk to work' business. Having been involved in offshore wind, I saw the value of this proposal. However, they hoped to win work without any tangible experience of marine activity and this was a major failing. SEA should have used the money raised from the sale of the legacy assets to purchase at least a small marine business offering services to offshore installations. This would have proven invaluable in the tendering process. It would also have provided a far better link into the Marine business that they did set up... The value of R2S lies not just in the initial capture, but also in potential value adding service post capture. I see no ideas or investments in this space. This may be limited for forensics however the opportunity within O&G is large and would create a regular revenue stream. SEA need to rapidly develop this but we return to my original point - where is the investment? SEA are allowing R2S to stand still and in today's technology driven world, they will lose their competitive advantage quickly. I hope that this does not happen and that SEA can turn things around however based upon the current scenario, I struggle to see how they can move forward with developing value adding revenue and innovating the product. |
Posted at 07/10/2015 10:16 by reesyheli SeaEnergy PLC SeaEnergy PLC Announced as Award FinalistDate : 07/10/2015 @ 07:24 Source : RNS Non-Regulatory Stock : Seaenergy (SEA) Quote : 4.375 0.0 (0.00%) @ 07:52 HOME » LSE » LSE » Seaenergy share price SeaEnergy PLC SeaEnergy PLC Announced as Award Finalist Alert TIDMSEA SeaEnergy PLC 07 October 2015 07 October 2015 SEAENERGY PLC SEAENERGY PLC ANNOUNCED AS FINALIST IN THE OIL & GAS UK AWARDS SeaEnergy PLC are pleased to welcome the appointment of Mr Percy Thrower to the board of directors in anticipation of their next award John Aldersey-Williams, CEO commented that: "We are delighted to have Mr Thrower onboard as he's the only one who'll be doing anything useful around here. His addition is a further fabulous recognition of our remarkable team. |
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