focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
http://www.r2s.co.uk/downloads.asp Read the above link case study to capture a feel for what SEA will be presenting "Visual Asset Management technology for the Oil and Gas Industry" at Lloyds of London tomorrow. R2S as a tool for proactive risk management for Bibby Offshore and for incident investigation. R2S recorded a crane incident from start to finish allowing important lessons to be learnt and for the incident like this not to occur again.
R2S VAM http://www.r2s.co.uk/home.asp As SEA are presenting "Visual Asset Management technology for the Oil and Gas Industry" at Lloyds of London tomorrow I thought I would look up potential benefits to the oil industry by taking a look at the BP oil spill in the the Gulf of Mexico in 2010 where BP were responsible for close to $40 billion in fines, cleanup costs, and settlements as a result of the oil spill, with an additional $16 billion due to the Clean Water Act. $4.5bn was paid out by BP after accepting its criminal liability for the disaster. The numbers are mind boggling and the case complex so DYOR on that one. You can see why R2S VAM - Emergency Response would be a sought after application by the oil majors in order to reduce the risk of such a crisis (http://www.r2s.co.uk/emergency.). In a crisis situation, having accurate and up-to-date information is paramount. Capturing an asset or facility using R2S allows the situation to be exactly replicated. This ensures that everyone is aligned, aiding understanding and communication. Proactive planning and scenario testing are more realistic and dynamic. Procedures and processes can be easily tested, demonstrated, both internally and to clients and regulatory bodies. Constant reviewing of responses and plans will ensure that everyone is aware and proficient in their role and responsibilities.
Aardvark as I said I am not in the insurance game . However, we do have a example we can use, of the worst possible kind. In 1988, a North Sea oil platform called 'Piper Alpha' had an explosion resulting in the death toll of a 167. Total insured loss was about £1.7 billion (US$3.4 billion). 27 years later what is the potential loss for each platform if such a disaster occurred - £5 billion or more? So how much is the potential risk to Lloyds of London in today's terms. Well there are over 570 oil and gas rigs in the North Sea. Insurers always take the worst possible scenario, so the maximum potential loss is 570 x £5 billon = £2.85 trillion. Of course the insurance premium cannot be so large that there is not a reasonable chance of a significant loss to the insurer but then again a insurance business model is to collect more in premium and investment income than is paid out in losses. At that point I have to stop because I do not have the factual evidence to back up any financial insurance figure to what a oil rig platform cost to insure, but I bet its not peanuts! Anybody out there in the insurance business who can enlighten us
Lloyds of London, presentation for Oil industry on 17 February 2015 - expect you saw it in their last trading update along with other various events to be held by SEA.
Not being in the insurance trade excuse my lack of terminology, but hope you get the drift on the following. Business insurance premium is based on the element of risk and likelihood of pay out. So the more data you have on the areas of risk and provisions to element risk the more you save on insurance premium ( which we all know can be high) particularly in high risk industry such as oil and gas production. R2S VAM provides a visually based central database storage facility, for all recorded digital asset & facility information ideal for Insurance Inspections and reducing the areas of risk. R2S VAM documents and communicates aspects for many applications such as – Restricted Access Visuals, Condition Survey Assessments, Maintenance Reports, Asset Care, Health & Safety, Facility Management, Fire Risk Assessments, s, Heritage Archiving, Training, Site Security, Asset Audit reports, plus many others. So reduce the risk, reduce the premium - R2S VAM helps do that. http://www.r2s.co.uk/home.asp
Hello bopd, more the former than the latter although admit to averaging in at the price to hold this stock at 20p a share. 'Cutting/scaling back' all means the same oil producers are looking to reduce costs and increase efficiency. . Hence SEA have a strong order book for 2015 R2S VAM from four of the five super-majors. You may want to go to Lloyds of London, on 17 February 2015 where SEA will be presenting "Visual Asset Management technology for the Oil and Gas Industry: Its application in Insurance". But I am sure you don't want to hear about the millions the oil industry can save on insurance using R2S VAM. After all Oil producers are only 'Cutting' not cost saving. Have to a agree the vessels side does look a bit of a lame duck, but they are specific for off shore wind farms not oil platforms and the cost associated with vessels tenders are cost neutral and account for little in the SeaEnergy Ship Management programme. A carried interest in Lansdowne is worth something but nowhere near the 80p predication of 12 months ago, be lucky if they hit 15p but what it does mean is there will be no requirement for SEA to make impairment provision on the balance sheet so no negative effect on the reported results. It may look ironic that I talk about a company that is at most break-even for me, and why not chat about another holding of mine such as Kibo, which I brought at 0.08p. Its because I like to invest companies early before the herd arrives. When I see a company with potential to grow, are well managed, have a healthy order book and about to declare a year end profit, I like to talk about them to see if anyone is interested, I appreciate your viewpoints and although not in total agreement it is in not to say you are wrong and I am right. Time will tell so lets see in 9 months whether we are closer to your 15p predication or my 45p predication In the meantime, good luck with your investments. .
Good news! Lansdowne Oil confirm that they and Providence has reached agreement on the commercial terms with the proposed farminee on its Barryroe asset. Why good news? SeaEnergy hold a 20% legacy asset in Lansdowne Oil and a farm out will see an increased share price above SEA's carry value and therefore they will be no requirement to man impairment provision. OUTCOME: no negative effect on the reported results for SeaEnergy at the year end - just all profit! Also in Feb's RNS it stated that a farm out of Barryroe should be the opportunity to commence an exit from the investment . SEA's investment return is dependant on LGOP share price but with a 20% holding could ( even in the short term) be more than the market capitalisation of SEA's 12.5 million. And the market response to this cracking news, drop SEA's share price by 5%. (My take on the market) no idea that SEA hold this oil legacy asset and just drop the price on market sentiment for the sector.
Yep - QPP psycho nutters - I placed a message of humour (named another company) was reported by over 500 and banned for 2 weeks. Sensitive is not the word for that BB. If price does not go up your a troll, apparently. Not brought into TAVI definitely on my watch list. If I miss out good luck to all the early birds.
Hmm, not sure I agree with B/Bulls reverse trend - the charts shows a Doji candlestick so they are neither Bullish nor Bearish.Without confirmation, the signs are neutral and merely indicate a potential resistance level at best. Until a clear confirmation signal then one should stay long. The price is a likely to go up as it is down. With the recent positive outlook for the company the likelihood is the price will steadily rise.
Yuk! one day bullish the next bearish. what can one say? other than price has risen by +16.67%.in 3 days.
Candlesticks show new major bearish reversal pattern
The charts appear to be bullish on SEA. Nothing to disturb the comfort zone. https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=SEA.L
I openly admit to averaging into SEA at these prices. With growth across all aspects of the business showing no sign of abating it continues to grown internationally, significant new contracts and a strong pipeline what continues to catch my attention in SEA's R2S VAM technology. http://www.seaenergy-plc.com/downloads/letters&cuttings/797988.pdf Feedback from one major global operator identified the time and cost savings realised through the use of R2S technology on just two intervention campaigns on its North Sea assets of c. US$20 million and has since deployed R2S in the Gulf of Mexico. I previously stating that SEA are looking to moving R2S VAM technology into new markets e.g. nuclear and thermal power generation, refineries, gas terminal and commercial shipping etc. I forgot to mention it also helping to fight crime. No end to it uses! http://www.seaenergy-plc.com/downloads/letters&cuttings/Return%20to%20Scene.pdf I know I am bias and the company is much unloved, but with upbeat full-year results to be released this quarter and a depressed valuation, at this price the share has to be a steal.
Fair point bopd, but a little to simplistic for my liking, unless we all live by the code of doom and gloom. One division of SEA which creates 80% of revenue: namely R2S Visual Asset Management technology achieved record turnover in the third quarter of 2014 with a and there is a strong order book for first half of 2015. Now this technology is now just oil specific it potential is greater and SEA are looking at moving into new markets e.g. nuclear and thermal power generation, refineries, gas terminal and commercial shipping etc. This coupled with the announcement that SEA will be moving into trading profit at the year end, driven by the continued growth of R2S and the consulting and marine business does make me an optimist. I cannot agree with your statement that oil companies only 'CUT', They will invest in technology that have a RTO and can produce cost saving for them. I hope you will revisit this site again end of March when final accounts are published to see whether we are closer to your 15p predication or my 45p predication . Good luck in your investments.
i was trying to inform pre-Christmas that R2S Visual Asset Management technology is a cash machine during the turbulent oil crisis. It drives oil producers efficiencies and is a major cost saver. R2S achieved record turnover in the third quarter of 2014 and there is a strong order book for the first half of 2015. R2S is the key driver of profitability for SEA accounting for approx. 80% of revenues. You can see by the latest contract win its potential. Should also add the SEA have already announced the company are in profit. Finally, fear not the herd will arrive at some stage, mores the pity. I estimate 45p per share within next 9 months
Happy New Year - let us recap on the CEO trading update comments "As we head towards the end of the year, we are delighted that the Company is on track to achieve a profit before tax and non recurring items in the current financial year." The CEO's declaration of profit for the year end should see a significant closing of the gap between the current share price and the SOTP valuation of 45p per share. This is my 2015 safe play stock that will realise a minimum 20% return Q1 with an 80% potential uplift if their LOGP legacy asset of £5m is cashed in (LOGP has imminent news of farm-out financial return - reflected in recent rise in share price), Happy Hunting for 2015
SeaEnergy have demonstrated the progress made in building a business capable of delivering sustainable profits, with revenue +65.7% year-on-year, and at the operating line (before exceptional items) of being in profit in the next quarter with the year end results. SeaEnergy's R2S Visual Asset Management technology achieved record turnover in the third quarter of 2014 and there is a strong order book for the remainder of the year and for the first half of 2015. R2S is the key driver of profitablitly accounting for approx. 80% of revenues. Based on the acquisition price of £10m, the acquisition multiple of 4x EBITDA appears modest for such a high growth business. The company’s equity is being seriously undervalued on the above alone. There is also the legacy oil and gas asset (LOGP) where every 2p share move on LOGP share price equates to 1p on SEA. Following the todays RNS on the ruling in favour of Providence Resources v Transocean of which Lansdowne fully provided for the claim means LOGP can now make positive adjustment to their accounts. It also appear that Providence are shortly to be in a position to update shareholders on the Barryroe farm out process. This is all positive news for LOGP and should see their share price rise which will reflect on Sea-energy's share price. Of course disposal of this oil asset will also help reduce the gap between the market value and their asset-based valuation. A lot can change in a few weeks and I now move my neutral stance to buy. which I have done. Merry Christmas
http://www.brrmedia.co.uk/event/132306/john-aldersey-williams-chief-executive
I agree with everything Thompson says, hence why I have invested in this stock. He is completely right that in this depressed market it is a great buying opportunity but will AIM investors see the potential for a great return on their investment prior to full year results next quarter that will show profit. My guess is not! there is to much herd mentality on AIM chasing rainbows rather than investing in clear fundamental that screams 'Profit'.
Company on track to achive profit for year end. Recurring revenue should close gap between current share price and sum of part evaluation of approx 45p. However SEA do attribute value to the legacy asset of Lansdowne Oil and for this reason it is hard to give this share a strong buy rating while LOGP slumbers. To this end LOPG need to rise to approx 12p for this share to be a value for money share. Do hold a small investment in this share but only recommend a neutral stance at present. One to watch maybe.