I sold out of here a month or so ago my mistake was over riding what I know about 25 years in the the oil business with hopes that somehow the management knew better, cost me an 80% loss fortunately only a small part of a diverse portfolio. My parting advice to all holding is that even if oil prices rise to sustainable levels it will be a long time after that oil companies will look at new technology to photograph their rigs. First they will get manned up with maintenance staff then fix all things that need doing so you are looking a long wait to get your money back. There will be a spike up on rising oil prices by those with no knowledge buying in but it will fall back when no new orders emerge, trading opportunity for those that fancy I would say, take my advice take your losses and move on.
Good luck |
Brent at $60 in 2016, who are these idiots? |
Edison 5th Jan 2016 |
Little bit of interest on such a quiet day! |
Not any long term holders, that's for sure.
Happy New Year to you and yours, Reesy. Hope you don't pick any more dogs in 2016. |
30% spread
More like someone's 'aving a larf |
Very rarely Ron. |
Someone up there likes you, Jules. |
Had buys for 25k and 10k rejected. |
Could only buy 5000 shares. |
Same to you Reesy - merry xmas to all |
Aye all the best Jack
Been trying to top up last couple of days. Most I have been able to get a quote for today is 5000 shares (£200)so nothing currently for sale. |
You think you got it bad Jack, some of us put a proportion of our SEA loses into Oxus (Fortunately not a huge amount)
This time last year I was having a drill shoved down the end of my winky and thought life can't get much worse.
Happy day's as it turns out.
Family is what's it's all about right now
Hope you guys enjoy yours |
Just popping into one of my previous holdings.....a bit of info for you...hope this helps. |
 R2S needed a buyer and would have looked to Seaenergy to invest and develop the company. It was an expansion opportunity, and a good use of cash shell money for an AIM company. The thing that worries me about Seaenergy are the management. They cost a lot in salary, and they will have paid a premium to buy R2S, most of which will have been pocketed by the seller.
R2S as a standalone company interests me. However, technology needs investment both in skilled personnel who are adept at learning and developing. This doesn't come cheap, nor does the production cost associated with creating the imagery for the Oculus Rift. Fortunately, oil companies are the sort of clients who can afford a few hundred grand, but the police budgets are a lot tighter. The management of Seaenergy are to be congratulated for introducing R2S to the oil industry, but the pendulum should ideally swing in the direction of oil over forensics for the most lucrative returns. As it happens now, the oil industry is on it's knees and crime is through the roof due to the dreadful population that we have accumulated in recent years. What R2S need is more crime and higher oil prices, and they could be a runaway success story.
As a past investor, I am interested to see how Sea does, but I am not a buyer because of the management, and until someone can convince me the company is sufficiently profitable to shareholders based upon R2S revenue, I just don't see a return on investment in an investment company with bloated overheads. |
Steady on chaps - you'll wake bones from his slumbers with all this positivity. |
Yes, it seems a good company. The question is whether the numbers stack up. Actually it's not a dead duck but a bit worrying that they have taken on debt. As long as they can service it with r2s revenue they will be fine, and logp must - one day - be worth something as a hopefully big bonus. I rate Sea as a hold, with a 2-3 year view. |
Yes, quite correct - "skill" - which is something the team already have. As they point out in their brochure (an extract of which is below) - "Some police forces have the resources to capture spherical images at crime scenes, but lack the time or personnel to combine these with related information into a case profile, without delaying the investigation."
-------------------------------------------------------------------------------
SCENE BUILD
Some police forces have the resources to capture
spherical images at crime scenes, but lack the time
or personnel to combine these with related information
into a case profile, without delaying the investigation.
R2S Forensic provides a service whereby all relevant images
are processed and linked together, and all evidence-based
documentation and media files are uploaded, creating a
professional R2S package. These packages can be as
simple or as complex as necessary.
Once completed, ‘scene builds’ can be provided either
on DVD or through a hosted server. The quick turnaround
allows the case to be viewed at briefings and gives Senior
Investigating Officers access to the scene throughout
the enquiry |
Just to add, it is fairly inevitable they will use the Oculus Rift commercially, but that involves a skill set they need to develop and invest in their staff, and although it is a revolutionary product, by virtue of using the Rift - that in itself is not a selling point for seaenergy shares. It's just a tool, but a tool that requires skill to use well. |
Pete - old but relevant
Aly Gray, divisional director for Max and Co commented:
"In the three years we have been working with Peak, the range of services we provide them has grown continuously to include design, web, animation and media. The concept behind 'Peak World' was borne from our work internally on the developmental Oculus headset package, gaming engine technology and 3D software. We saw the opportunity for Peak to do something different for OTC Asia and their tool launch; create interaction and a buzz."
'Peak World' was very well received at OTC Asia, and Peak was the only one exhibiting using this innovative technology.
Tim Williams, Business Development Director for Peak Well Systems, commented:
"Creating a 'wow' factor at events is difficult these days, irrespective of the products on display. However, the Peak World succeeded in doing just that. Max and Co's strength in understanding our business and seeing new promotional opportunities has definitely given us an edge with the Oculus VR."
As part of SeaEnergy PLC, Max and Co is already working with its sister division R2S on applying the technology to their oil and gas clients and crime scene investigations. The climate of innovation within SeaEnergy PLC is encouraging similar pioneering offerings across all areas of the group. |
Pete, it is not clear whether they are using oculus Rift, but my guess is that they have not been using it yet as it is not a mainstream product yet and I saw no mention of it on their website. In fact, I doubt they have gone to the trouble. The thing is, they are - as I understand - stitching 360 degree 2D images together to recreate environments by 'surrounding' the viewer with the image. Putting an Oculus Rift on will enhance the ability to view the scene, but it can be inspected more easily on a normal screen anyway, with navigation being carried out with some sort of game engine, of which there are a couple of choices.
As they started off in forensics anyway, it makes sense to continue with that line of revenue. It is a good niche for which they cornered a good segment of the graphics market.
I would say its a good media company with skillsets that encompass design and gaming, which are being applied to two fairly lucrative niche markets.
If you invest in Seaenergy, you have to consider that you are investing in an investment company, who are investing on your behalf 1)R2S 2)LOGP
That means you really must have total faith in the old guard investment management skills.
Primarily the investment is now R2S for the bread and butter, and LOGP is what they are relying on to pay off the debts. |
R2S need to get on the VR bandwagon, what's 'google street view' for oil rigs if a competitor can virtually transport an engineer to a rig via oculus or HTC etc does anyone know if R2S are incourporatin virtual reality into their product? |
JJ - you've hit the nail on the head. This is 360 degree photography with the addition of unique software i.e. the "fully interactive engine" as mentioned in the piece below.
and REMEMBER ......
"R2S played a crucial role in the security preparations for the 2013 G8 conference of world leaders in Enniskillen.
In the months prior to the 2-day summit, the Police Service of Northern Ireland used Version 2 of the software to record areas in and around the Lough Erne Resort. This detailed visual record of the venue’s interiors and exteriors was used as a planning tool by those who had no access to the complex. Closer to the summit, it was then used to brief politicians and security personnel at the highest level. The completed project was also supplied on Windows tablets and laptops, providing security staff with quick and easy access to data from any location on or off site."
So R2S are already established within the security arena. They have the personnel with the required clearance (as demonstrated by the Dounreay and G8 conference contracts), to enable them to conduct high level security work.
Jack is also correct when he states that the company may be lucky with regards their timing in increasing their efforts with the forensic/security work. We are all aware of the terrible events of late - Port El Kantaoui (Tunisia), Paris, and San Bernadino. Security budgets are being increased as a direct result of these and countless other attacks. The price of oil may have collapsed, therefore less rig work, but I would suggest every major shopping centre or other place where crowds may gather is now a potential contract for R2S.
Many years ago I was a member of a tactical firearms team which would respond in the event of an attack on buildings containing SNM (special nuclear material). Part of the training was to become so familiar with those buildings that we knew them like the back of our hands. It's already rumoured that the SAS are patroling the streets in the big smoke, but it's impossible for them or specialist police firearms teams to be familiar with every shopping centre, theatre etc.
Yes there will be architects plans to which they can refer. But believe me when it comes to the type of scenarios I am suggesting, then a 360 degree 'digital walk through', would be far better than any diagram. Especially, if they are indicating escape routes, potential dangers such as industrial gas bottles, etc.
I do believe that I was the first person on these bb's to suggest that R2S should target the nuclear industry for work. Well, if the board's listening, I am suggesting that now is a prime time to be focussing on R2S Forensic, especially with regards Counter Terrorism.
Also although it appears that work has dried up on rigs with regards decommissioning, whose to say the security side is not picking up. Anyone remember films such as 'North Sea Hijack" or "Oil Storm". See what I am getting at? |
R2S is a lot more than 360 degree photography, and only a small Norwegian company does something vaguely similar, but it is still unique. The problem is obviously all oil companies cutting expenses to the bone this year.
Sensibly, if a little late, the company are increasing their efforts in forensic, and other matters where it can be used for security purposes. Their timing for this maybe lucky.
This is worth 5 minutes of any shareholder's time, even if the opening 30 seconds is rather shocking and should not be viewed in front of younger people. |
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