Member Info for sstarski

breakdance :-)

Look like the market expected the RNS, but didnt know the contents - hence our lift the other day After reading the information I remain bullish, but I would like some timescales identified and greater clarity re tenders etc. We were not notified about the request for information, regular release of info will help us lift

Crazy really as you say valued at 50% less than cash and assets Feel very safe here - even if the company is wind(sic)ed down we get double our money

Offshore wind farm O&M vessels The market for vessels to provide accommodation and access for technicians working on offshore wind farms continues to develop, with strong and specific expressions of interest received from both wind turbine manufacturers and wind farm developers. Over the past weeks, SeaEnergy has received a formal pre-tender Request for Information ("RFI") from a turbine manufacturer for a project and notification of another RFI to be issued imminently, as well as enquiries from two others. We are also responding to a request for a full logistics scope, including vessels, logistics support, and O&M strategy from another turbine manufacturer and have other enquiries pending. We are very encouraged that the SeaEnergy O&M solution is attracting significant attention from a number of interested parties and we believe that we are world leaders in defining the industry standard in this sector. We are currently compiling priced proposals including detailed commercial terms in response to the formal RFI, which we expect to lead to a full tender over the coming months. SeaEnergy is now in advanced discussions with a major vessel owner and operator to finalise the scope of a Cooperation Agreement that will strengthen our offering in this area, combining the financial and operational capacity of our partner with SeaEnergy's detailed designs, strategies and technical understanding of the requirements of offshore wind farm operators. Legacy assets It remains our plan to realise the value of our legacy oil & gas assets over time and, unless compelling investment opportunities exist within the Group, to return a proportion of that realised value to shareholders. We note that Lansdowne Oil & Gas plc successfully raised £10 million in the markets earlier this year, and as a result, our holding has reduced from approximately 25% to just over 21%. The current value of this stake is £17 million per the closing mid market price quote on AIM on 27 September 2012 and has a historic cost net book value of £4.3 million. The appointment of John Aldersey-Williams to Lansdowne's Board, where his experience in generating and realising value from exploration assets will support Lansdowne's current strategy, demonstrates the importance SeaEnergy attributes to maximising the value of these investments. http://www.investegate.co.uk/Article.aspx?id=201209280700253855N

Check out LOGP volume today AT "and the development within the group of additional business services for the energy industry, we are making good progress on this front and expect to be able to update shareholders at the time of our interim results in late September, if not before" Still think its LOGP that will be our catalyst

Yep, does make you think! LOGP has a number of catalysts for upgrade soon, but also has a long way to go before its cash generative. I wouldnt be surprised to see LOGP go alltogether to a bigger irish fish

Mr Bertram holds a chunk of shares in LOGP (Circa 88K) LOGP have some news coming up that he may be interested in off loading into - He will still retain a chunk via his SEA holding (Thats if SEA dont sell everything they have in LOGP - Which I suspect tey will for the right price)

as Norman says You have to hold the shares trough the ex-dividend date to receive your ££ http://www.investopedia.com/terms/e/ex-dividend.asp

Spot on with R2 - The website could do with a pimp - but looks quite a clever buy Notice this on the moray offshore site Maximising Opportunity for Local Content In order to assist in maximising the potential local content through the development of the local supply chain MORL is already working with the Scottish Government Energy Division, 0Highlands and Island Enterprise and Scottish Enterprise to develop a ‘pilot’ scheme to enable the enterprise agencies to access appropriate parts of the Project’s procurement process. The pilot will take the form of frequent and regular engagement between Moray Offshore Renewables and Highlands and Islands Enterprise and Scottish Enterprise. Although in its early stages, the intention is to allow partnership working between the public and private sector to facilitate the optimisation of support to the supply chain. The information provided by Moray Offshore Renewables is intended to allow the agencies which translate new markets into growth and prosperity to optimise their efficiency, effectiveness and success, with due respect to commercial confidentiality and commercial sensitivity Think a strateic dela has been done already, http://www.proactiveinvestors.co.uk/companies/news/35629/seaenergy-wins-scottish-enterprise-grant-35629.html

Hopefully stay above for close

£6 has been tipped over this week - Looking good

We are at this price given cash and LOGP Normal for property Cos' to trend at 50% NAV but not companies such as SEA If the company were to close we would all get @ 70p -

Results wont But Barryroe figures will Farm-in news will T/O would the first two could crop up anytime, the later is possible but would be some time off

A wee bit more that that dude As you say, its 14m + 20m (LOGP), but there is also 4.7m in the special reserve account that will become distributable when allowed plus upto 13m from Mr Remps Gasmonte limted should it ever become profitable So we have (14+20+4.7)/49 for a NAV of 78p, excluding Gasmonte which knowing Steve Remp will be cash generative

Indeed - I have SEA in two accounts, one small holding I redeemed the maximum and asked to sell them all if possible. The main account I have retained in full, I think LOGP has topped out for the time being, but I am expecting to hear some news from there before to long. SEA is now a longish term hold for me

Logp currently worth 15million, meaning the 6.9million is all thats excess in our sp - Fancy that!!

Re timeleines and how brokers will be handling things (HL) Dear xxxxxxxxxxxx Thank you for your message regarding Seaenergy. Upon receipt of the Tender Offer Circular from the Company we will write to and email all shareholders outlining their options and detail the procedure to accept the offer. We expect to receive the Circular early next week and we should therefore be contacting clients towards the end of next week, it is expected that our deadline will be 23 July 2012.

I take it back, this does seem like a good deal at 24p a share purchase :) Seriously though I think we will see an uplift in addition Its a very shrewd move - It keeps the short termers happy and ensures those that remain will get a bigger slice of any future pie. Remembering LOGP has bids closing for Farm-ins at the end of July and SEA are at some future stage (not until true vlaue realised I hope) to divest those interests

Surprised by the re-purchase, I had thought a one off DIVI. Not sure if its a great deal considering we are not yet cash generative, but we will see baz9707, I too would like to see more investment in LOGP. However in the future that stake will be sold, I suspect after barryroe upgrade and amergin farm-in. Perhaps they will hold out for a LOGP suitor? May be interested to know LOGPs closure of bid date, but keep it under your hats - Any movement toward the 23rd July and I may load up in LOGP again http://www.macquarie.com/mgl/com/macquarietristone/mandates/lansdowne

Well - Just hope this maintains until July for the AGM