Member Info for Revelator

Feel it may now be undervalued - July q ops report due the next couple of weeks.

Don't worry, got my fair share wrong elsewhere over the last few days! My main judgement was that talk here is of enough gas to supply Turkey - but even the best case reserves seem only about a year's supply. No doubt there's potential - but it seems it needs the further drill work to show it.

Thing it'll go higher but this'll do me ;)

I don't pretend to know enough to say otherwise - this RNS and its content just seemed a bit sober. I'll probably come back once the dust has settled - assuming it hasn't risen by then! ;)

Not so sure the market will like this - disappointed as I like this share but pleased to have a chance to take a profit again. I may be wrong tho - no expert on gas - so all the best for those holding.

Well...if the co were to end today it would be on a 47p a share basis - which is at or substantially above where it's been over the last few years...however the price looks ready to drop so points to you in the short term :p

More about creating a renewables biz from scratch and selling it to a major co for a decent sum of money, rather than past incarnations of Sea.

I'd say the value generated in the business over the last 3 years counts for something? And the links the management have developed, as mentioned in the sale RNS. But yes, it's a mid-long term thing. Reminds me a bit of TRP after the duster last year - went to 1p, people forgot about all the upside.

Well I guess it's neither inconceivable that it may drift further or move up as others take notice. Mid-long term though it does seem very very low...alot is valued at a huge premium despite losses so to be valued at a 50% discount to near hard assets does seem an inaccuracy. Anyway just a small holding here at this point but a very interesting share.

Fair points - however they have people interested in working with them, so a JV isn't that unlikely, and if they do take on debt and buy a marine vessel then they have an asset worth what they've paid for it. Unless they're mad the least they'd so is issue equity at the asset value of 47p. And Logp is more than Barryroe - its own assets have potentially multi-million barrels of oil - got to find them first, but the point stands. Sea have 23% of anything they find, and may add more.

The 27.49's are all buys.

Bonkers valuation - now the debt is gone, £29m in the bank, director buy above this price, LOGP investment worth £4m at current levels. That means £33m net assets divided by 70m shares = 47P a share! This is a dream scenario - everyone loves to be in before a takeover, but with Sea you can be in *after* it and still enjoy the benefits. Imo the price is being held down so that disillusioned PI's who were expecting profits from the recent 70p levels can sell at a loss. I'm ready and waiting, will add more if it falls - but the valuation is mad.

Ha that's rather amusing/confusing...well it was a good impression of you doing an impression of a blind punter...whoever it was.

My guess is the price will firm at 2.75/2.5 tomorrow...good luck for another decent day!

They did place at 2p when trading at around 5 though, and they do get through alot of cash, at least in the past...management alone are on £400k a year. So they're not saints...but like you say, no short term worries here.

I don't disagree that there's lots of value generators...but on AIM you never rule out a placing...ever. But that wouldn't influence an investing decision here as I think they will want the price higher first and foremost.

Glad to have a fellow believer.

I guess we'll see but they need quite a swing to get into profit - not saying that won't happen but I've seen with ATC that increased production doesn't mean profits right away. Plus they have £2m of loans expiring in 2012. Not saying it would place at this price though - sure they'd like it to be higher. Don't think it'll be till Q4 if it happens either.

Corrective spike was last week, I mean.

As far as I can see, it's just oversold basically. Look at the chart for the co it split out from (this was the larger segment) - AUE - it did the same followed by a spike this week. I expect the same here. There will be a placing sometime this year I imagine but I'd expect they'd want it at 100p+ seeing as since the last one (at about these prices) they've delineated a 1bt iron ore resource, and then expanded it by 34% for good measure. Another update due Q3. Seems a great co - more of a short term play for me though as I tend to live in the small caps - but when it seems so oversold it would be mad not to invest. I think it may rest now for a bit before hopefully pushing on.