Seascape Energy Asia Share Discussion Threads

[bones698] 26/4/2016 22:47

I told u so, lol sorry couldn't resist

[stockriser] 26/4/2016 22:03

Maybe they thought someone was carrying out an investigation into the company and thought fkin hell we better shut up shop quick - they may be right - but surely Mr. Salmon and N. STURGEON Wouldn't associate themselves with companies like that.

[philmiboots] 26/4/2016 19:33

We must be a dead cert for the forthcoming award for the most incompetent BOD. World class incompetence shines through, we can't lose.

How much is JAW walking away with as we speak?

[iamnoone] 26/4/2016 18:47

In my portfolio I expect some companies to fail, bit overall will make a profit. I am reasonably diversified across sectors, but I will let you know in 5 years if I am successful!

[papillon] 26/4/2016 18:09

LOL.

Don't get depressed about it, Stockriser. I've written off my OXS and LOGP investments in the last 6 months. Gambling on AIM shares is only for mugs like us. A few get lucky (or have inside info), but most lose money I'm afraid. Best to wise up and stick to premium bonds and the National lottery (you don't lose so much money!). You have been guilty of wishful thinking in regard to PVR, LOGP & SEA. Again something I've also been guilty of.

[puffintickler] 26/4/2016 16:54

Perhaps you will have to change your moniker Stockriser (80(

[stockriser] 26/4/2016 16:44

Oh dear - another write off -think I'll start selling cars ..lol

[papillon] 26/4/2016 16:32

The wise investors, Jack, sold all their oil related shares after the OPEC meeting of November 2014 and stayed away from the sector. They would have sold & walked away from PVR, LOGP, SEA, PCI, AFR, CAZA, etc, etc.

[resourceful] 26/4/2016 14:58

how much do they owe

[jack jebb] 26/4/2016 13:11

Thanks Papillon. Your wiseness after the event knows no bounds.

[papillon] 26/4/2016 13:02

It's all about being in the right sector at the right time, Jack. With all their eggs in one basket (the oil industry) they were in the wrong sector at the wrong time when the price of oil collapsed.

PS. With reference to your post 32255, Jack, the forensic "market" for R2S was always tiny compared with the oil rig "market". Hence, effectively, SEA had all their eggs in one basket and the collapse in the PoO was always going to sound the death knell for a minnow such as SEA which was so dependent on supplying services to oil companies.

[jack jebb] 26/4/2016 12:45

The lesson I will learn from this is that its all about management.

Top management could have made this into a very valuable company; our shower at the top are not 'top management'.

[jack jebb] 26/4/2016 12:37

Ironic that it happens on the day their technology helped bring justice for the 96.

[iamnoone] 26/4/2016 12:27

Show is definitely over :( One to add to my lessons learned :)

Good luck all!

[slagchops] 26/4/2016 12:18

SeaEnergy PLC

("SeaEnergy" or the "Company")



Statement re. Suspension



Further to the announcement on 4 March 2016, the Company confirms that it has sufficient funds to remain trading until the second half of May. Since that announcement, SeaEnergy has been in detailed discussions with a number of potential purchasers for the Return to Scene business ("R2S"), several of which are still ongoing (the "Potential Disposal").



The Potential Disposal would be classified as a fundamental change of business under the AIM Rules for Companies and therefore require the prior approval of shareholders at a specially convened general meeting. The Directors are of the opinion that it is now unlikely that a sale and purchase agreement can be agreed and executed in sufficient time to allow the process of shareholder approval to occur while the Company remains solvent. In addition, the suspension in trading of the shares of Lansdowne Oil & Gas plc, a company in which SeaEnergy holds an 18.67% interest, on 13 April 2016 means that it is unlikely that the Company could currently raise funds through the disposal of its interest. The Directors are therefore taking advice from insolvency practitioners.



As a result, the Company has requested a suspension in trading of the Company's shares pending clarification of the financial position.



Further announcements will be made as appropriate.

[slagchops] 26/4/2016 12:18

Looks like the show is over from the last RNS.

[pogue] 26/4/2016 11:51

Maxmarilli
I will bet you any money u want no oil company will buy this.
I personally have talked with people from companies I would expect to buy this, not oil companies, and they have said no chance therefore I do not expect a high sales price to be achieved. Good luck with your bet.

[philmiboots] 26/4/2016 07:33

Don't get too excited Stockriser!
;o)

[stockriser] 26/4/2016 07:23

Stupid signal in Portugal arrghhh!!!

[stockriser] 26/4/2016 07:23

And of course they may only sell the VAM part of the business and keep the forensic side which is making a profit. But of course we may all get a shock and Barryroe may get sold for a hefty sum!!

[stockriser] 26/4/2016 07:23

And of course they may only sell the VAM part of the business and keep the forensic side which is making a profit. But of course we may all get a shock and Barryroe may get sold for a hefty sum!!

[maxmarilli] 25/4/2016 13:44

the Board is in discussions with a number of parties who have expressed an interest in the acquisition of the R2S Visual Asset Management business and/or other assets of the Group. Yes they could pick it up from receivers but since there are more than 1 interested the best offer will get it....And companies like chevron,BP Texaco have a cash force that £5 or £10 mill is peanuts for them....Oil will be much higher by end of this year as well...

[pogue] 25/4/2016 13:23

Maxmarilli
the thing you have to ask yourself is who and why would buy R2S at that price.
Who as oil related companies are all conserving cash just now and why would anyone pay £5 million if the company is desperate and close to collapse? Potentially they could wait and buy it of the receiver if they really wanted it.
A buyer may appear but the odds are not in your favour I suggest.

[maxmarilli] 25/4/2016 12:39

save cost in new and decommissioning platforms not long in use.I think it will be sold for sure.how much is the only question.IF sold for £5 mill could make share price from 5 to 10p alone.....as always the truth is in the middle.....to me this stock is not worth 2.5p so I`m adding.No advice to buy or sell given

[stockriser] 25/4/2016 09:03

Thanks for that Pogue, I will take it on board.