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SEA Seascape Energy Asia Plc

14.00
0.25 (1.82%)
Last Updated: 09:53:50
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Seascape Energy Asia Plc LSE:SEA London Ordinary Share GB00BKFW2482 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.25 1.82% 14.00 812,979 09:53:50
Bid Price Offer Price High Price Low Price Open Price
13.50 14.50 14.25 13.70 13.75
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
10:00:38 O 40,000 14.47 GBX

Seascape Energy Asia (SEA) Latest News (2)

Seascape Energy Asia (SEA) Discussions and Chat

Seascape Energy Asia Forums and Chat

Date Time Title Posts
21/10/202409:57Seascape Energy Asia plc68
28/9/201823:25Seaenergy - Offshore wind - plus a little oil & gas (moderated)32,459
20/4/201612:29SEA - Pile of stinking shite-
09/10/201517:19Seaenergy 2010 - moderated by a man not a monkey187
04/6/201517:19Sea Energy PLC - Offshore wind energy5,517

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Seascape Energy Asia (SEA) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
09:00:3914.4740,0005,788.00O
08:56:3314.0010,0001,400.00O
08:53:4113.9825,0003,493.75O
08:53:2914.00100,00014,000.00O
08:47:3214.0010,0001,400.00O

Seascape Energy Asia (SEA) Top Chat Posts

Top Posts
Posted at 21/10/2024 09:29 by zengas
Read the rest of it

Cavendish note...

"Similarly at Block 2A, we estimate that Seascape would look to retain a 15.75% interest post farm-down. This would equate to a net 261 mmboe. At $4/boe this would equate to a potential unrisked value of £14.65 per share net to Seascape."
Posted at 21/10/2024 09:03 by someuwin
Cavendish...

"—Valuation We will update our valuation and target price in due course. However, we note the recent acquisition by TotalEnergies of a portfolio of Sarawak producing gas assets from SapuraOMV for US$4/boe. This would equate to a potential unrisked value of 75-100p net for Dewa (5.4-7.2x the current share price)."
Posted at 03/10/2024 10:18 by zengas
As shown in the presentation - Retaining 15.75% of Kertang would represent about 260 mmboe net and in excess of £500m value if successful (divided by X amount of shares in issue) - certainly blue sky as they say just for Kertang. It would open up further prospects on 2A. I use a low 50c/MCF ($3/boe) in that valuation but the other fields cost projections imo could make a mockery of that price if successful and could mirror a Cove like play further ahead.

In context of all that's been described these imo would be 'high' value BOEs for the industry to chase given the wider picture if anyone has taken time out to research it.

Kertang/2A - "intense industry interest" and "wide range of interest from global energy companies". So not surprised !

All the gas sampling and studies show that we are out of the CO2 window !.

"Only 110 km from infrastructure" !

Very important to note and fully take on board that the estimated 10 TCF Kasawari field Malaysia described as an analogue to Kertang has just come onto production at 200 mmcf/d and ramp up to full sales of 575 mmcf/d next year.

Compared to Kertang-

81 km sales pipeline to infrastructure connection - then onwards to Bintulu. 138 km pipeline connection to the depleted M1 field to dump CO2.

One of the largest and perhaps most expensive gas fields in the world due to dealing with the near 40% CO2.

Rystad Energy article on Kasawari describing that the huge cost of dealing with the C02 is estimated to take the break even cost to over $5 mcf or over $30 boe while another draws comparison to a previous project of smaller scale onshore Australia at $3.1 billion alone to deal with the CO2.

"A recent discovery offshore Indonesia that may be impacted is the Abadi LNG project. Japan’s Inpex, the field’s operator, is still evaluating the investment needed to tap into nearly 10 Tcf of offshore gas. One consideration it is looking at is the potential inclusion of an CCS facility which Rystad estimates would mean first gas breakeven at around $8.00/Mcf. ($48/boe)"

"Fueling the Future With Sour Gas

In simple terms, Southeast Asia’s short-term energy outlook is highly dependent on sour gas—also known to the industry as contaminated gas—because it represents about half of what’s left to produce. The big downside is that sour gas is notoriously costly to process, even without considering the cost of CCS.

The potential wave of capital outlay is driven in no small part by mandates across Asia to halt the construction of new coal-fired power plants and instead promote the conversion to or building of lower-emitting gas-fired power plants."



So in that context above it is no wonder that there is "intense industry interest" and a "wide range of interest from global energy companies" and why it's one of the most exciting opportunities to come across.
Posted at 01/10/2024 09:10 by darcon
Re Block 2A:

On slide 8 they state: "Seeking to retain at least 15.75% post farm-down".

SEA's interest in Block 2A was originally acquired by LBE through a licensing round (36.75%) and subsequently topped up with a further 15.75% acquisition of Topaz One.

So they're contemplating holding on to the Topaz One acquired holding structure and transferring the entire 36.75% original LBE interest that carries the operatorship right. That ought to be a relatively simple transaction involving a share transfer in the holding vehicle for the 36.75% interest.

I do not recall seeing such a statement about the specific interest that they were seeking to retain in their June presentation or earlier presentations I believe. So I think it is the first presentation in which they have clearly specified the minimum % stake in Block 2A that they would like to hold post farm down.
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 08/4/2016 13:45 by papillon
SeaEnergy PLC Statement re: Lansdowne Oil and Gas announcement

10/03/2016 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 21/1/2016 19:36 by papillon
Interesting RNS. I wonder what the expected turnover and profit margin (if any) is on this kind of deal and will it lead to similar deals? I still think a placing is on the cards here because cash must be running out in the short term. Debt must also be increasing. Will todays RNS push up the share price to enable a placing (if there is one) to be got away? I wish I knew!!

I have no idea where the share price is going in the short term. The 200 day EMA is currently around 9.5p. The last time the SEA share price met the 200 day EMA as resistance was back in early March when the share price was circa 29p. Will todays rise fizzle out, or will it continue up to the 200 day EMA as resistance? Oh to have a crystal ball!!!! LOL.
Posted at 13/11/2015 15:20 by papillon
WTI US$41.16. Brent Crude US$44.06. So the oil price isn't doing any favours for SEA's R2S customers.

In H1 2015 SEA was operating at a loss and racking up a significant bank overdraft. A fund raising surely must be on the cards.

I reckon that a Barryroe farm out is SEA's only short term salvation. Can PVR pull off a successful farm out of Barryroe? If they can then the LOGP share price could rise significantly giving a boost to the SEA share price and even a possible chance to offload their LOGP share stake. Clutching at straws, I accept, but miracles can happen.
Seascape Energy Asia share price data is direct from the London Stock Exchange

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