Member Info for OilyPete

SEA gains new contracts worthy of millions of pounds to UK Government Tax on a smaller scale tham BP. The lack of interest in investing caused wholy by short sellers corrupting the value will see this company bought out probably by Spain and then all the tax revenues and jobs going overseas. Patriotism, where has it gone in the UK. Nobody believes in the UK being successful anymore. We were the Kings of the planet once upon a time.

It´s as bad as payment protection on loans that the banks have had to compensate the ordinary Joe for on one long running major RIP OFF for you and me. Shorting stinks. It does no good to the economy or to a company trying to be successful. BAN THE BASTARD!

http://en.wikipedia.org/wiki/Pessimism Short Sellers. F off you depressing ****s and go and have something that you want to develop, rather tham destroy!

You are slowly but surely turning the UK into a 3rd world country with your pessamism.

Misunderstood, it is normal for when an AIM share starts to nose dive that the short sellers crawl from under their rocks and start to scoff in a "I told you so" irritating style. Nothing is gained for the company ot its employees from shorting a SP into administration or T/O by foreigners who will then take all of our UK tax due.

John777. What price will you close your stop at? Be honest!

You slimy MF´s. I hope you are pleased with yourself making profit out of a falling share. Don´t you know that if everybody did that, there would be no investors left. Everybody like you would be looking to the next dog to jump on its back and suck as much blood out of it before moving on. You ******s!!

IMHO shorting should be banned. Not only does it ruin the hopes and dreams of investors wishing to take part in a growth of economy rather than a contraction, it also in the long run saves many companies from going bust and also the hardship caused to families through unemployment! Sickening but TRUE!!!!

Own up all you SEA sellers, I will kick your girly arses, you impatient pussies. You make me sick! Only joking, everyone is entitled to their own way of trading. ;o)

Thinking of moving funds out of my ISA now to buy more if this goes to less than 25p. Then we will see who wins! http://www.youtube.com/watch?v=X6BKBIOtRXw

It´s the Titanic again here, SP down 9%, from a company worth over 44 million in cash! AIM really is for jokers LOL :o))

I think I rushed that last post a bit, what I meant to say with SEA is that there is uncertainty over the company´s future at the moment. That causes people to look elsewhere. AIM investors have a low threshold of patience and quickly look elsewhere for greener grass. When a company announces good news predicting large profits for the future for whatever reason investors flood in, then realising that it may take a while before the profits materialise sell and look elsewhere for the next company to anounce good news. Hence day trading was born and it is rife on AIM and you have to be very careful not to look at any share as though it will be the next big thing. Day traders can make many times more money than an investor on AIM that will only believe in one or two shares, especially when they have invested the lot and are stuck with either waiting to get their money back or to sell at a loss.

An AIM oily worth 21 million is just like SEA and prone to volatility. It is when the discoveries are made or contracts are signed as in the case of SEA which boosts the SP, but more important than that is when the money starts rolling in from their resources as this what any business aim is to do - to generate profits on its own debt free. A company with masive resources that cannot generate any revenue for a huge number of reasons is as worthless as a freezer to keep your food cold at the North Pole.

It will be another week yet before the money is in the bank from the sale, so I expect there to be no further news until then. Traders will be coming back to scare the PIs into selling again no doubt :o( Why would anyone sell now on a share that is already oversold? News of new contracts with the big boys is coming very soon IMO.

Didn´t know about that one. Could be an excellent source of funding and future busines if successful. Results as said are apparently due to be announced in July. The Prize The winning entries will receive: Funding of up to £100,000 per concept to support the design and development of the successful concepts Potentially several million GBP of funding to take the concepts to full-scale demonstration The opportunity to work with eight leading offshore wind developers with licences for 30GW of offshore wind in UK waters (60% of the UK’s licensed capacity). http://www.carbontrust.co.uk/emerging-technologies/current-focus-areas/offshore-wind/pages/offshore-wind-access-challenge.aspx

As posted by "decomeau" on iii......... "As already announced the sale was approved. From 137 paper proxies 18,511,126 votes in favour. Electronically, 18,444,086 in favour and 64,344 against. About 15 people attended and in a show of hands (roughly) 10 for, 5 obstained, none against. Who was involved in the bidding, Ernst and Young invited 100, 40 entered, 3 bidders performed due dilligence and negotiated. The details of the other two bids couldn't be disclosed but it was mentioned that smaller free cash would have been available and would involve higher risk future payments dependant on financing in the autumn and possibly heavy shareholder dilution. The official sale should be completed 28th/29th June. Gratitude to LC was mentioned as during the sale process no banks would support SEA with loans on any terms. In conversation with Steve Bertram - Marine Charter would take c 2 years, but the developers aren't going to require vessels until then. A number of potential contracts which if/when signed would allow banks to fund charter. No known dependancy on the sale of SERL for this. Potential stratergy for metal jacket construction, flat pack from China then constructed at land location near to wind farm and moved out. S.E.R.L. name being retained as there is a lot of good will associated and Repsol will have no use. The management team for SERL are not being retained and there is no intention for any use and a period of time would need to be observed to avoid confusion between current SERL business and any future use of the SERL name. In conversation with David Sigsworth - Inch Cape was funded 25% from SERL and 75% Crown Estate prior to sale. Crown Estate are getting their outlay back from Repsol and hence Repsol obtain 100% of inch cape. Steve B couldn't give any information on the Offshore Wind Accelerator Access competition regarding results. He did say that the carbon trust were swamped with around 300 entries. SEA submitted 5 and the results should be announced in July. Whilst Steve didn't say anything official on the results he did give a very strong impression that he couldn't jump the gun on the announcement even though he really wanted to. My interpretation is that the results are unofficailly known and are in favour of SEA.... but that's just my view."

:o) I thought something positive might happen today with the SP in light of tomorrow´s EGM.

NCSC Strategic Cooperation Agreement As announced by the Company on 7 July 2010, SERL and Chinese company NCSC entered into the SERL SCA with a view to seeking to develop and market steel structures for the offshore wind industry. The COSCO Group is one of the major multinational enterprises in the world, and is China’s largest, and the world’s leading, group specialising in global shipping, modern logistics and shipbuilding and repairs. The SERL SCA will expire at the end of June 2011. SeaEnergy is engaged in discussions with NCSC with a view to agreeing the terms of a new Strategic Cooperation Agreement, this time between the Company and NCSC. This new agreement is expected to have a broader scope than the SERL SCA and is anticipated to integrate NCSC’s capacity to build relatively low cost foundation structure sub-assemblies for offshore wind turbines with SeaEnergy Marine’s plans for an integrated supply chain involving construction, assembly and pre-installation turbine commissioning. It is anticipated that the new agreement will also cover specialist installation, commissioning and operations and maintenance vessels. Lansdowne Oil & Gas plc The Company currently holds a 23.03 per cent. interest in Lansdowne Oil & Gas, which is itself AIM-listed. Lansdowne was spun out of the Company in 2006 and has recently received extensions to its Irish licenses, completed an asset swap extending its portfolio of interests in the Celtic Sea and in March 2011 secured additional funding of £5 million to allow it to carry out 3D seismic work this summer. That seismic data should allow Lansdowne to complete its current farm-out activities. The Company has shown its continued support of Lansdowne through the conversion of all of its outstanding loans into additional equity in Lansdowne. There is the potential for the drilling of an early appraisal well on Lansdowne’s acreage, and the proceeds from the Disposal will give SeaEnergy the ability to contribute towards any additional funding that Lansdowne may require to achieve that objective. The Board believes that completion of Lansdowne’s farm-out plans has the potential to add significantly to the value of the Group’s sizeable interest in Lansdowne.

Expect further news from the BOD tomorrow and hopefully a lift in the SP after the meeting. PIs who sold at these levels may soon be sorry as new contracts will be announced even though the income from them will be delayed as with any large engineering project. Sentiment can turn around for the positive here just as quick as it turned negative. ;o) Good luck to all investing here. From RNS......."Following the announcement by the Company on 6 June 2011 regarding the conditional agreement for disposal of SeaEnergy Renewables Limited, SeaEnergy PLC is pleased to announce that on 6 June 2011 it posted a circular to shareholders convening a general meeting to be held at 9 a.m. on 22 June 2011 at the offices of Ambrian Partners Limited, Old Change House, 128 Queen Victoria Street, London EC4V 4BJ. The circular sets out the background to and reasons for the Disposal, explains why the Board considers that the Disposal is in the best interests of the Company and its Shareholders as a whole and details the resolution to be proposed at the General Meeting. The Board unanimously recommends that all shareholders vote in favour of the resolution to be proposed at the General Meeting as the Company's directors have irrevocably undertaken to do so in respect of the shareholdings in which they are interested, amounting to 13,178,080 Ordinary Shares, representing approximately 19.1 per cent of the Company's issued share capital." http://www.seaenergy-plc.com/downloads/releases/2011/8800-01_Printready.pdf "Strategic Cooperation Agreement EDPR has also agreed to enter into a Strategic Cooperation Agreement with the Company on Completion, pursuant to which EDPR and the Company will seek opportunities for mutual collaboration in relation to the supply by SeaEnergy Marine of operations and maintenance vessels, field infrastructure and equipment installation vessels for offshore wind farms and other areas of appropriate mutual collaboration that may arise in the future."

Any thoughts on Hambledon Mining as well. Expert opinion only thanks.