Member Info for haggis_trap

Good presentation.

Nothing new but a good reminder what the opportunity is here.

Summary highlights

- The slide of 2p/2c vs Market cap was an eye opener. Seascape could become as big as Enquest (market cap £300m)

- Production on DEWA by 2027. Shortly followed by Temaris

- The plan is not to seek a take over. But if someone wants to take over SEA at right price then share holders get a vote on that.

Good luck all!

A great company in the making.

Honest management team and unique opportunity.

Another presentation so soon ?

Obviously could get all the good news into the recent one.

This is definitely a share to let run for next 3-5 years. Yesterday's presentation was fantastic. An honest and energetic board who are determined to build a company (for themselves and the share holders). This is a unique opportunity: assuming they can execute from current position of strength this could easily be a X10 bagger in a few years time. Hold and bottom drawer with confidence. This is a brilliant company in the making and unique opportunity

Wow - great news! The company is executing and in timely manner. The sky is literally the limit for share holders with patience for medium term. Now there are multiple paths to success (DEWA / Temaris) plus a free carry on Q2A which if successful could be spectacular.... Well done SEA team! Happy share holder

I also have no idea what ground floor means.

I assume it's euphemism for 'bottom up"?

Longer term prospects look very promising. Medium term what is needed here is a small production deal that could generate revenue and cover day to day costs.

Fantastic RNS this morning. Jotun Sail away and ramp of production on Balder is a game changer. 8000 bofepd is very clearly a company (re)maker for Kistos.

Good luck all.

Share price will be much higher in 12 months time.

Fantastic RNS thirst morning. Jotun Sail away and ramp of production on Balder is a game changer. 8000 bofepd is very clearly a company (re)maker for Kistos.

Good luck all.

Share price will be much higher in 12 months time.

Surprised at the drop.... Balder coming online mid-year is going to turn Kistos around.

A potential company (re)maker. Plus the midyear financials looked good.

Especially now the debt situation is clearer on the books.

Things will look very different this time next year I reckon.

I am back in here.....

Originally bought after the IPO (coincidentally also at £1.40).

Was lucky to sell out on the way down at £4 - the UK govs greedy windfall tax hammered Kistos.

However AA remains one of the best in the business. With the Norwegian tax refund and Jotun due to come online Q2 25 I think the prospects now looking very positive again. Onward and upward for 2025.

Share price will likely drift short term. However this is fully funded with low risk to 5k boepd production (and a free hit on Kertang). The risk with selling out is that large institutions do decide to buy in while you are out..Given small float that would inevitably cause share price to rise

i will watch presentation this evening.

however some *** packet maths.... they are talking about production of 5000boe equivalent per day. that is an annual revenue of £36.5m in 24 months time. which is (basically) as good as nailed on. a p/e of just 4 would see the market cap at £146m.

i.e a share price of x7 from today's prices. just based on the production deal alone. kertang is a fully funded free hit on top of that.

Nice RNS. Management delivering as promised)

Good deal:

- £10m cash

- free carry on Kertang

- production ready DEWA

Presentation on December 3rd should add the details.

Future looks very exciting

0.46% all in ISA. Though I find it unedifying to boast about such things.

With retrospect got very lucky picking up some LBE shares when they were at 8p

(though did lose money out selling out on the way down).

Suspect private investors hold a sizable chunk of the company.

Glad to see the "old school" (such as Whirlaw et al.) finally seeing better days.

Well done all ex-LBE energy holders :-)

Finally, something to get *very* excited about.

A couple of thoughts:

1) Obviously the team see real value in Malaysia and are very excited.

2) It is interesting they let slip that they had been looking at some of the seismic since last December. This transition to Asia has been a long time in the planning (obviously because they see value in it).

3) LBE didnt end well. But credit to the board for exiting in a clean and timely manner that allows SEASCAPE this opportunity

> Interested in people’s thoughts on what a good farm out deal for 2A might look like?

Any kind of deal that funds a quick route to production would be a home run. I am not so fussed about the % of Kertang retained (be it 10% or 30% of their initial 50% stake) as the field is such a giant prospect relative to our market capital. They key thing now is using the farm out to access working capital that will see us through to production.

Once SEASSCAPE gets to production then share price should be £1+.

Any success on Kertang many multiples of that - which is bonkers.

Great presentation - dynamic and upbeat.

A sea of buys this morning. This will back at 20p in short order.

Though real excitement is the medium to longer term.

Very exciting prospects.

Absolutely fantastic RNS this morning. This could / should be a company maker for Seascape - there is still an issue of funding but I am almost certain that is for that to come via the farm in of Kertang? Well done SEA and all share holders.

Excellent presentation but more patience required. Future looks very promising but investors need to trust management will execute in timely manner

Underwhelming RNS. Most people expected / hoped DROs to be announced and in bag by now. Hopefully presentation provides reassurance all is on track (given previous history of under achievement as LBE). I can't attend but trust those who can will submit appropriate questions on time scales...

Yup : looks like we are expecting a big reveal ...

DRO, farm in and name change to Seascape Asia?

Good luck all

Good post Kever,

Funnily enough when I originally invested in HUR my lower end estimate of future share price (based on worst case CPR) was 20-25p. Unfortunately I didn't bank on the board being corrupt and selling to prax at bargain basement price.