"Still if you keep it up one day you will no doubt get it right!!" - Yep that's the idea Pap!!! |
 12 January 2016
SEAENERGY PLC
SEAENERGY PLC ANNOUNCED AS FINALIST IN THE SPE OFFSHORE ACHIEVEMENT AWARDS
SeaEnergy PLC has been shortlisted as a finalist in "The Innovator" category for this year's SPE Offshore Achievement Awards to be held in Aberdeen on 17th March.
The focus of the Group's nomination is its R2S Visual Asset Management system which provides the oil, gas and marine industries with a tool that increases operational safety and lowers cost by reducing the need to visit the plant or vessel.
The value of R2S in increasing efficiencies, improving collaboration and reducing operational expenditure (OPEX) is recognised by many major Operators. In the current oil price environment, the industry need tools which help them to operate efficiently and safely, and R2S's proven credentials make it a powerful addition to the toolkit.
John Aldersey-Williams, CEO commented that:
"To be shortlisted for this prestigious award demonstrates the continued recognition of R2S and the positive benefits we are delivering to operators during these difficult times. We are delighted to have been shortlisted among such high calibre companies and to reach this stage is great recognition of our innovative and dedicated team."
The innovative value of the R2S system is currently being trialled by another area of critical industry, the nuclear sector, with a pilot project undertaken in support of the decommissioning of Dounreay. SeaEnergy won the Oil and Gas UK Award for Business Innovation in November 2015. |
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. |
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