this morning to my punt on this after following the Daily Mail Tip for the new year. It was up 30% at one stage and I should have bailed. Oh well never to late to jump ship and a salutary lesson for me to cut my losses when my investment runs out of steam.
John Aldersey-Williams, chief executive of SeaEnergy (LON:SEA), says the phones are beginning to ring again after a quiet summer with clients including BP (LON:BP), Total (NYSE:TOT) and Chevron (NYSE:CVX) now building the company’s R2S software system into their budgets.
R2S or ‘Return to Scene’ provides a 3D photographic models of facilities such as oil rigs that allow maintenance tasks to be planned from a desktop. Aldersey-Williams compares it to a “Google street view for a platform” where clients can visit a remote site virtually and save money on expenses such as helicopter flights.
The product is key to SeaEnergy’s diversification strategy outside the oil services industry and was recently selected to assist the de-commissioning of the Dounreay nuclear power site in Scotland.
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