Member Info for SEA7

Bit more activity today at Montara and valaris

off shore supply ship pacific dove is alongside valaris, with the off shore supply ship siem thima en route to valaris

off shore supply ship coral knight is at montara.

From the last set of accounts... re debt

The Group has conducted sensitivity analysis on its cash flow projections, including scenarios incorporating Brent oil prices modelled at US$60/bbl combined with additional unplanned downtime, being three separate events at Montara, CWLH and Akatara with each event lasting one month (three months in total), with deferral of capital expenditure and reduction in operating expenditure through the Review Period, and includes the borrowing base, as projected, for the six months following the redetermination in September 2025 of US$135 million and US$71 million for the six months from March 2026. Under these stressed scenarios, together with the projected borrowing base, the Group’s liquidity position remains adequate to

meet operational requirements and debt service obligations throughout the period.

If they really want to, they will do a 100 for 1 share consolidation, that moves the share price to 1.4p. Then they announce a raise at 1p or 0.010 in old money - the can gets kicked along further

Thanks Roxi

I added again yesterday.

Major shareholder changes to 30th Jun

tyrus up to 27.42% from 26.59%

hargreaves up to 4.26% from 4.14%

interactive investor up to 3.13% from 3.05%

UBS Wealth management no longer shown as they have gone below 3% from 3.27%

Invesco no longer shown as they have gone below 3% from 3.02%

Looks like the line of stock at 20.39 is gone - buys are 20.425 now

AKATARA

c.US$8 MM monthly revenue

• Low opex at c.US$9/boe

• 90% contractor take of revenue

The revenue figure/contractor take to JSE shown is during the max cost recovery phase. Once the costs are fully recovered, I believe it moves towards 60/40 share, with JSE getting 40% and the govt taking 60%, after op costs deducted.

Even a small raise tides them over nicely. If we assume $24m lasts about 18 months, then a raise of 25 million shares at £5 each, gives them another £100 million.

Add 25 million shares to the current number in issue and we have 241 million shares. The current mcap is 1.12 billiion. That would change to 1.22 billion - giving us an after raise starting share price of £5.06, against the current £5.16 - so barely any effect at all, assuming price of U308/exchange rates were relatively similar before and after the raise

That was nine months ago - in other words, nine months money left- so they either raise and dilute holders, or sell some uranium off - personally, I think they will raise

Part of the reason it is the most shorted stock is this, from the accounts to 30th sept..

The Group considered that, as at 30 September 2024, it had sufficient working capital to meet approximately 18 months of operating expenses before it would need to raise additional funds.

...

also, some will have a short open, as part of a long/short hedging strategy

Https://www.marinetraffic.com/en/ais/home/centerx:124.441/centery:-12.501/zoom:14

The pacific dove - anchor handling vessel is now stationary alongside the valaris rig and the supply ship/offshore tug, siem thima is due alongside today and is currently en route to the rig.

more routine trips or are they both gonna tow that rig.

 T7 Global announced that it has been appointed by Petrofac

Malaysia as its MCM contractor. This is part of Package B3 which

also includes other field operators including IPC Malaysia and

Jadestone Energy

HTtps://cdn1.i3investor.com/my/files/st88k/7228_T7GLOBAL/pt/BIMB/7228_T7GLOBAL_BIMB_2024-12-06_BUY_0.69_T7GlobalBhdOffshoreMaintenanceasNewEngineofGrowth_-538848377.pdf

 T7 Global announced that it has been appointed by Petrofac

Malaysia as its MCM contractor. This is part of Package B3 which

also includes other field operators including IPC Malaysia and

HtTps://t7global.com.my/t7-global-secures-5-year-contract-from-jadestone-energy-malaysia-pte-ltd-for-provision-of-pan-malaysia-mcm-and-huc-services-b3-package/

From dec 24

Late reported 500k share print at the mid - someone still acquiring

I am referring to the same one you are TSSZ, to avoid any doubt

Another late reported one from yesterday - really picking up pace here

In the last three trading days, we have now seen 3,768,500 shares bought in 600k lots, 1 lot at 625k and two lots at 656,250 shares.

Https://www.marinetraffic.com/en/ais/home/shipid:726722/zoom:11

I note the arrival of the anchor handling vessel - pacific dove to the valaris rig. That vessel is used to tow rigs, as well as act as a support vessel

Cash as at 31st May 2025 £10.5m and 2000boepd production - current mcap £9.08m