"Operators need tools which help them to operate efficiently and safely, and R2S's proven credentials make it a powerful addition to the toolkit."
They need to look no further than the current BOD. |
Everyone's off down the garden centre.
Bones is buying plants as a hedge. |
I see the RNS has prompted a frenzy of buying.
How much does it cost on average to issue one? |
SeaEnergy PLC SeaEnergy PLC Announced as Award Finalist
Date : 07/10/2015 @ 07:24
Source : RNS Non-Regulatory
Stock : Seaenergy (SEA)
Quote : 4.375 0.0 (0.00%) @ 07:52
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SeaEnergy PLC SeaEnergy PLC Announced as Award Finalist
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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. |
Roflmao just to rub it in looks like they are about to win another flower pot , great stuff , unbelievable they are gathering a huge collection of them just a pity they can't collect cash with such reliability . Perhaps the maintaining of them is burning up the cash . 8 managers to polish all those pots willbe expensive . |
Jules deventsi is clutching at straws a bit here and in this market I doubt they would get anywhere near that figure . The longer they wait before raising the funds the more it's going to hurt , from here I really don't see anything positive coming soon . The dilution created would ensure the share price stays at that level for many years . On the plus side lgo is finally getting the ridiculing it deserves :)
Oh think I called that one right too lol :) |
apologies.. wrong thread |
According to JAW earlier this year business was good despite the slowdown and then out of nowhere came a profit warning and decimation in the share price I won't be falling for anymore more of his BS. |
So we are at the start of a recovery (according to JAW)...... |
Reesyheli
2 Oct'15 - 10:27 - 31745 of 31746 1 0
Bones
Are you serious?
There are people here who are hurting badly, people I regard as friends (and yes indeed family) they have seen years of "investment" in what should be a robust and profitable company destroyed by the greed of a few.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Could they be hurting badly because they bought on the advice of rampers posting on your thread? Just a thought! |
Reesy - come on, be fair. You and I both know that bones has never been one who delights in telling us all "I told you so". |
Bones
Are you serious?
There are people here who are hurting badly, people I regard as friends (and yes indeed family) they have seen years of "investment" in what should be a robust and profitable company destroyed by the greed of a few.
Maybe your ego is more important to you than the thought of them ever being able to recover some of their loses. The fact they have chosen not to follow your "advice" is their choice.
I feel the least I can do is allow them some chance to still put their side of the story and let readers make up their own mind |
Bones, Deventsi is has been producing high pressure gas from 2 wells during testing phases on Deventi R-1 and Deventsi R-2(and that is just a tiny part of the overall A-Lovech concession).
The operator is just awaiting the production licence.
It's not worth a massive amount, but seeing that a previous 0.1% stake in the project was sold for $1m dollars 5 years ago (pre-testing), I can't see why it wouldn't be worth more than that now.
Unfortunately more jam tomorrow kind of stuff. |
Bones, I believe Reesy stated he was reducing his holding, not selling out. |
Juls doubt deventsi is widths mill now if anything tbh , logp stake now worth about 300k Max as if they offloaded that many shares it would drop quick . Agree a lot depends on r2s but until questions are answered and funding sorted this isn't worth investing in
Ht agree glencore will recover its big enough and got assets to survive a while yet although we have seen some big companies fail in mining . Unless commodities start rising though it will struggle like all . At this price looks worth a punt though
Reesy a serious question why do you never ask rampers to give it a rest . I'm not rubbing it in just pointing out to anyone reading the issues sea faces . The reason it's somewhat repetitive is so anyone just looking in can see both sides. Thought you were selling out ? |
I'm keeping a close eye to see what happens. The uncertainties are the R2S pipeline and short-term funding, both are questions that need answering.The Deventsi stake is worth roughly £1m, not sure about Scolty. Then it is the question of what R2S and the consultancy is worth (and LOGP stake - which I had thought they'd written off). Unless I have missed something SEA still owe the Iraqi Drilling Company $1.5m for there MPC guarantor role.My biggest concern here is that it just gets taken private. I lost a fair bit on Afren and Yell and learned a lot with those.SEA doesn't have bond debt, but neither does it have too many assets. Revenue is good though. I tend to agree with the 3p mark BUT the bigger question will be will the management know how to use the money wisely to release the most value?If they can firm up the sales pipeline, then there is hope. But it relies on the management... |
Took their time notifying - probably sitting on 2.999999% now! |
bones... sell a few and stick 'em into Glencore...then come back later...at least you'll increase you holding here.. This will tread water for a couple of months. |
Bones
Give it a rest eh?
Most people have got the message
Your just rubbing it in now. |
Well watch and learn tbh anyone with any sense has probably got out . Chart looks like the placing has been touted round the city and looks like it might be for 3p imo that's an awful lot of dilutive shares if that's the case and no chance of any share price recovery ever to previous levels . |
"Yes a placing may be due, but have you never seen a placement done at a premium?"
I think you are seriously deluded, Stockriser, if you believe SEA will get away a placing at a premium to the current share price |
 Cash is a very high priority to sea though that's the problem . Htc after watching them decimate the share price and after a decade plus of suffering I would have thought by now you might have caught on .
Anyway I gave my views and warnings years ago and find myself doing the same again now . Wether people choose to listen or not is their choice but I think many wished they had listened last time round .
Yes it's good to get into another market but I really don't think doing it on the back of falling sales is a good example of a well managed company . They are doing it because the oil sector is stopping orders for r2s and only just realising that and reacting well after the horse has bolted isn't a good thing at all . Even if they manage to get through this period and nuclear works out it will take quite some time to start seeing any recovery in sales and profits from now and sea simply doesn't have time or cash to wait and that's the big issue and threat to the share price . Seen plenty of good ideas come and go simply because the uptake is so slow and bigger outfits can force them out etc .
Good luck if you think it's a good share to invest in at these levels but I certainly don't for the many reasons I have listed and the main one bring the management . |
bones698..
'Again all very nice but where's the profit ? There are competitors who I think not have gone in as low as sea'
I used to work in the Nuclear Industry.....I hope they haven't gone in low... cash is a very low priority...the top concerns are Safety, quality,and previous experience. The work SEA has completed with various Police Authorities should put them in good stead and on the short list. |
Bones, I agree with a lot of what you are saying. However, it's good to see the company is diversifying and being dynamic. A bit slow yes, but the Nuclear industry is complex and these things take time.
With regards "many oil shares have multi bagged over the years" - yes, but most of those have now dropped off a cliff, and I am sure you know the ones I am referring to!
Has SEA itself not multi-bagged over the years?
Anyhow good to have different views on the subject. I may not be a long termer in comparison to some shareholders, but I have been here for 6yrs.
GL SR |
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