Member Info for sstarski

SEAs bit of LOGP is worth 11million at LOGP current value (Its actually worth on a risked basis a hell of a lot more) SEA has cash iro 27million NAV 56p per share - And thats discounting everything about the company, including the ££ in the share premium account and the true value of LOGP's assets BTW LOGP and SEA are still essentially the same company - Bar the paperwork

NAV is higher than that bud Have a check how much in the the Share premium account - This is not your normal Ex DIVI payment as the NAV is hardly factored into the SP How much is 5% of Barryroe worth!!! P.s. share premium account stands at around 79million!

Key points The clear financial highlight of 2011 was the conclusion of the sale of SERL to Repsol Nuevas Energias UK Limited. This resulted in the Group recording a profit of £25.3 million for the financial year compared with a loss of £5.7 million in 2010 Accordingly, your Board is delighted to be able to recommend a distribution to shareholders of 10p per share, subject to shareholder approval. The Company is working with its advisers to determine how best to structure this return of value. Details will be set out in a separate Circular as soon as they have been finalised we are currently negotiating a joint venture with a large vessel owning and operating company to market, build and operate vessels in support of offshore wind farms in Northern European waters. The SeaEnergy team has a detailed understanding of the service requirements of both the oil & gas and renewables sectors. We are applying this unique insight into identifying profitable companies whose services would complement the planned O&M-based business and which would benefit from the synergy opportunities gained from being part of a larger group. We have already identified a number of candidates and are working to secure our first acquisition. Happy days

I understand SEA are NOT currently reducing thier LOGP holding

I expect to see a LOGP holdings RNS soon - suspect SEA may have offloaded a few today Oil and gas to be divested and £££ to be ploughed into buying a currently profitable wind farm maintenance company or / and given back to the share holders - at some stage a DIVI in addition to the 10p DIVI This wont happen overnight, but I reckon its going to go that way

like butter in the summer sun - all over the place

A very big one - reverse T/O

LOGP stake worth £14,571,072 / # shares = 21p per share CASH reserves of 32p per share NAV of 53p per share almost a 45% discount http://www.google.co.uk/url?sa=t&rct=j&q=%22seaenergy%22&source=web&cd=3&ved=0CEAQFjAC&url=http%3A%2F%2Fwww.proactiveinvestors.co.uk%2Fcompanies%2Fpdf%2F39670%2Fseaenergy-still-significantly-undervalued-says-edison-39670.html&ctbs=qdr%3Aw&ei=JxlTT4CkG4et8gPPvL2cDg&usg=AFQjCNEE0p1KsITbQqnSIw7JcR9dnyfDIA&cad=rja

Astounding really £14,750,000 in LOGP £6,900,000 to be paid back to us and will be ALMOST debt free following the reduction in Share Premium account. I think people may be missing a big trick here - SEA has been VERY good to me in the past and I expect it to continue in the coming months

Nice to see you here Well done all, our run has just started DIVI coming, LOGP to add further value. Will be interested to see which companies the BoD are scoping for a buy-in / T/O.

Re oil and gas I have a sneaky feeling some will be sold to Stephen Remps new business ventue Ramco Energy Ventures Limited - which he started up 6 days prior to leaving SeaEnergy. Stephens interest has always been oil, and he is VERY good at generating ££ from it. It will be an interesting one to watch out for http://www.seaenergy-plc.com/downloads/releases/2011/SeaEnergy_Full%20report_%2005Oct2011%20Final.pdf

You get 10p cash back Bulgaria its on 0.1% of royalties - http://www.transatlanticpetroleum.com/i/pdf/Bulgaria_Flyer_August_2011.pdf own the license so not much I think they may just wash hands with Mont

http://www.seaenergy-plc.com/downloads/seaenergy010911outlook.pdf

Oilvoice are a little out of touch there mate http://www.investegate.co.uk/Article.aspx?id=201202230700109414X CEO named and 10p divi (Pending approval) announced yesterday I like the proposition of buying an already profitable company The boats seaenergy are developing look AMAZING and will without doubt be the best available, but they will take 2-3 years development. Notice the scotich goverment gave SEA a grant toward development!

"Following the sale of SeaEnergy Renewables Limited ("SERL") the board intends to recommend a return of value to shareholders of 10p per ordinary share or £6.9m in total, subject to the completion of the financial audit and shareholder approval at this year's AGM" All pending shareholder approval, I am sure its a DIVI I also think there will be another for a similar value when some of the oil and gas business are sold off. I think that is the current maximum they can pay out However thats still a good return

The 10p is coming from SEA coffers - when they sold SERL and settled debt they were left with a chunk of money. They have decided to give a portion of that money back to the share holders in the form of a special dividend. You will get 10p for each share that you hold (In your case a 20% yield). The good bit is, as this money is not reflected in the current mcap the divi should be given without any or a moderate fall in SP (Commonly when a divi is made, it reduces the SP by an equal amount) If they sell LOGP that should produce more funds to either provide another divi or buy back shares or both. In a share buy back the company will normally but shares when the mcap is less than the actual company value. The thought being that the share purchases and reduction in available shares will infalte the SP. Hope thats of use

They will want to keep a certain amount viable to enhance fluidity, with such a low volume already, a further reduction would potentially litmit trading and stunt SP growth - All IMO may I add. Peronally i dont like buy-backs, they rarely give the holders athe same net return as a divi

dont think so with only 60million share in circulation

"The Company has previously announced that it plans to realise, over time, the value of its legacy oil and gas holdings which are considered to be non-core. The Board intends to distribute of a proportion of the proceeds of these future disposals allowing shareholders to benefit directly from the group's realisations." At some stage they are going to sell LOGP off (Hopefully after a +ve barryroe and Amergin farm down) and distribute the money to the holders via a special divi again - cant be bad

Special Divi of 10p per share, and the market doesn't even know about it yet! "Following the sale of SeaEnergy Renewables Limited ("SERL") the board intends to recommend a return of value to shareholders of 10p per ordinary share or £6.9m in total, subject to the completion of the financial audit and shareholder approval at this year's AGM" Thats a cool 36% for not much worry