Member Info for Seedcorn

One thing that really attracted me to this company was that when they take over assets they look at and address potential issues from the word go. Their approach resonated with me. The fact that there has been a leak is disappointing but if I have judged the character of the management correctly they, more than anyone else, will be very disappointed at this incident. They reacted quickly it would seem and that augers well for the standard of response that one would expect. I trust they will review all their actions and any other related potential issues around their maintenance programs. Things can and do go wrong in life and there is not a business that does not have to resolve them. It is how they respond for me that matters. Transparency is import. I don't want the market, investors or management to forget about this incident but rather to have confidence in the positive response and use the learning gained to benefit future operations and performance. This is not remotely on a large scale such as the horrendous Piper Alpha accident years ago but the latter taught all in the Oil and Gas industry (yes, my industry for over 22 years) of the need for continuous improvement following any incident or event. I am sure this case is no different. As an investor I see this as a buying opportunity so will scratch around for a few spare pennies to add to my holding if I can. I wish all at Jadestone well as they move forward.

Really wish I could get to this meeting but am afraid that’s not possible. Would appreciate feedback from anyone who does make it.

Followed this company for several years until putting a toe in the water in late 2020. Looking forward to the news flow over the coming months here. This could provide insight of the growing cash flow potential of graphene products that to date has been purely a long-term aspiration. Took advantage of the recent pull back in sp to average down successfully and had hoped to add further. The recent turnaround beat me to it. I would love to attend a factory demonstration and have a chance to chat first hand about the future prospects of the various potential product streams but to date mobility issues have prevented this. One day!

Sharehead I agree with your comments. I noted the 93% renewals rate too. Capita must be doing something right for that to happen. From my research of the sector there seems to be plenty of work to bid for. Hopefully Capita will be selective as to the work they take on. I feel the type of contract involved here will be beneficial in terms of having some inflation protection - a significant factor in the current climate. The hard miles are, in my view, done now and the company is consolidating and building from a new base. For me a genuine recovery play - others may have another view.

Just floating in the wind with no clear laid out progression plan with target dates etc. Maybe they don’t want to be tied down to a program they can’t adhere to but surely they could give some sort of / more guidance. Romania seems to be going nowhere so why are we keeping it? The cash balance won’t last too long and presumably will require topping up? Or is it hoped a sale of the Victory asset will be the source of liquidity? If so, when?

Still below the radar and producing very encouraging results. For me this is a stock that has some resilience in these inflationary times. Content to just sit and hold long-term.

Redundancy will depend on the design of the plant affected with these liquid flows. if the issue is in a shared section (common header) of piping with no satisfactory isolation then shutting down may be the quickest and safest way to get the job done. I doubt there is a problem with liquid storage - as I understood it is gas storage that is the problem but I doubt that is the factor driving decisions here. I hear your frustration Moleinahole, me too! However, we just want cool, calm, thoughtful heads to solve the issues as they come along. Engineering and production plant problems can be solved with care and awareness. I would hate to see our investment be wrecked by ignoring issues and not addressing them. I am sticking with this.Perhaps this type of investment isn't for everyone.

Not uncommon to have to debottleneck aspects of process plant. The GOR (gas/ oil ratio) must be reasonably high and , although it was expected the reception facilities may not have been designed in previous use for the flow rates found now. Condensate is a valuable commodity and should be welcomed as it will enhance income. Ok so the facilities will need short shut downs for modifications but even our cars go in for a service, new set of tyres or the latest sat nav to be fitted. Better to get this sorted now rather than when even more wells are in production.

I would settle for a barrel of oil for every rns issued with a promise of jam tomorrow. If only SS and his colleagues would have a meaningful dialogue with shareholders. Where is the clear straight forward plan of action for the company? A dabble at this here, vague suggestion of something there isn’t a strategy. Pipe dreams!

Great to read in the Norther Echo newspaper (14/05/22) that Severfield has been awarded a contract in connection with the construction of a new 314 metres high replacement mast structure, weighing more than 200 tonnes, at Bilsdale by Arqiva. The original mast was destroyed in a fire in August 2021 and those of us that relied on it for our TV signal suddenly found we had to find some other way of entertaining ourselves. The temporary fix that was put in place has been reasonable but it will be nice to have a permanent solution using the know how of Severfield who are based in nearby Thirsk. All good!

Is this the start of monetisation for Vrs? No guidance as to the potential opportunity for the company is stated. Could be significant? Thoughts anyone?

This share plods along nicely under the radar. A long-term hold for me.

I just added www. before the word graphene and had access to the site no problem.

Good to see the directors are arranging their performance options. If they want them to be beneficial they will have to make some gains for us all too........ except that I will not be along for the ride. I sold out my tiny holding, and I mean tiny, for a profit of 55p today. Well a profit is a profit! JP has disappointed for too long. I hope he makes all Coro shareholders very rich indeed. Good luck!

Don't want to push my luck but ........ how are things in Togo these days?
Seedcorn.

Not sure why we have extended our option at Broadford Bridge. Is it going to be used/ developed as a camping site perhaps or are we actually going to do something oil/ gas related with it? Likewise the IOW? Not making an appeal against the planning vote so are we going to relinquish the licence, find another potential drilling site to apply for or going to keep it - just in case for ........????? Are we going to drill any more wells at Horse Hill or not? How about the romance of the Kimmeridge is that just a one time myth now? UKOG does not seem to have clearly defined direction, just a mishmash of ideas that will happen .... maybe .... sometime. Or am I being unfair?

Andee, Thanks for posting this interview. Great news!

Very happy with my TRR holding (among others) and find the comments interesting. Does anyone know of a US version of our LSE site that has the same sort of chat option we have here for UK shares? I have not come across anything for the US markets so far. Many thanks.

Having placed my holding in this share on the back burner (yes, well under water!), I have neglected to do much (if any) follow-up for a while due to other things going on on the home front.
Today I looked at this board and am grateful to those of you who have referred to the Brr interview. I had missed it. Interesting explanation of where the CEO's think we are regarding West Newton at this point in time and adds to the related Rns. For me the lack of any indication of a time table for subsequent actions they are considering is concerning. Surely they must have some sort of time based plan? Other than de-risking by gaining some flow from vertical wells (presumably that would also provide some income) there was no mention of the possible funding requirements even in a general sense. I need to do more homework on this share.

I have exactly the same problem with viewing lse on my ipad. Not that much improvement on my iPhone tbh. I know lse wants to make money but I feel they are going to far with some of this advertising versus customer experience. It’s very off putting and getting to the point of not being worth the effort. Customer frustration associated with an advertisement may not be the best way of getting a msg across in my view.