Member Info for baz9707

 "SeaEnergy is now well on the way to sustainable growth in shareholder value by delivering on this clear and well-formed strategy." There should be some great news in sept.

·     R2S is a profitable, cash generative and growing business. ·     R2S's core service - Visual Asset Management - is a critical tool for the management of operational, maintenance and asset integrity information. ·     The acquisition is in line with the Company's strategy of building and acquiring innovative and complementary energy services businesses. ·     R2S's current core clients are primarily blue-chip multi-national oil & gas operators. ·     There are clear opportunities to expand R2S's services internationally and into new areas of operation. Looks ok more news September

Should have had a RNs of they took part in the logp placing so guess they didn't add to there holdings

Still watching after selling a while ago. How are the games going for them, used to check them most days, not been fussed since selling.

Cheap as chips

Now worth the same as the value of the shares in logp. This is below 50% of the Nav.

After buy back 14m in the bank and 20m of logp shares. If the sp stays the same after the 03 Aug them we will have a mkt cap of 17m ish. So half price nearly so with any news of them buying a money making company the sp should fly.

FURTHER UPSIDE POTENTIAL IN HYDROCARBON BEARING LOWER WEALDEN AND PURBECKIAN SANDS AS WELL AS IN DEEPER UPPER JURASSIC EXPLORATION OBJECTIVES  They might go down on news like last time but they could go to £1 today. That would take us near the 40p mark.

Of it stays at this price after the buy back. Then the logp shares would not be in the.

LOGP MKT CAP 70M we own 25% LOGP = 17.5m. Soon there will be less shares around so really this should go up after the buy back.

I do not understand why people have been selling shares when of they wait a couple of weeks can get 36p

Has anyone changed their minds about the tender I was never going to sell. I think that they will announce some news that will re rate the sp, as the buisiness side is not priced into the sp.

With that RNs it looks like they think the sp will b above 36p by the end of the month.

Worth 17.5m to sea nowand probablz rise to over 20m this week.

This sp will rise to 40p soon and then they will have wasted cash on this offer

I post without looking sometimes worth reading twice as it answers a lot of questions

This SeaEnergy (SEA) matter is not simple to decide. The company is to buy in c. 28% of shareholdings tendered at 36p - although, given that some will not tender and assuming that I have read/understood this correctly, the actual redemption will be of the order of 30% of shareholdings. The problem is to value the residual holdings. There might be about 25p per share cash (net of tax?) and a holding in Lansdowne perhaps worth a further 25p per current SeaEnergy share (after allowing for tax?). Therefore one must ask oneself: Given that taking the cash will mean that a buy of SeaEnergy right now at 32p will yield a net of tender proceeds cost of, say, 30p, would one buy SeaEnergy right now? I guess the answer is yes since although Lansdowne has got problems ahead by the end of 2012 it also has the potential for great success - such that the value per SeaEnergy share of Lansdowne might be as much as 50p a share. I bought 100,000 at c. 32p this morning on the basis that tangible net asset value post the tender will be of the order of 50p per share

Wish it was 78% how you work that out more like30 ish

Nothing new and still no dates

http://www.seaenergy-plc.com/downloads/releases/2012/01Jun2012.htm Worth a read it looks like they are going to buy shares back from investers at a premium probably 40p. Then the people who want to keep the shares should see the sp rise as there will be less shares about.