13 Aug 2015 16:26
13 August 2015
SeaEnergy PLC
Share price movement
SeaEnergy PLC (AIM: SEA) ("SeaEnergy" or the "Company") notes the recent movement in its share price. It also notes that Lansdowne Oil & Gas plc, a company in which SeaEnergy holds an interest of 18.67%, announced this afternoon that its Midleton exploration well had encountered gas volumes that were not considered commercial and that the well was to be plugged and abandoned, as a result of which Lansdowne's share price has declined significantly. The Company is not aware of any other reasons for the recent movement in its own share price.
For further information contact:
SeaEnergy PLC + 44 1224 748480
John Aldersey-Williams, Chief Executive
Stifel Nicolaus Europe Limited (NOMAD) + 44 20 7710 7600
James Grace
David Arch
Jessica Kalyanpur
Bell Pottinger - Public Relations +44 20 3772 2500
Rollo Crichton-Stuart
Lucinda Alderson
Notes
About SeaEnergy PLC:
SeaEnergy PLC is an innovation-led offshore energy services business, based in Aberdeen, Scotland and listed on the London Stock Exchange's AIM Market. The Group's three active divisions comprise R2S, SE Innovation and Marine. R2S provides photographic capture and three dimensional modelling of oil & gas installations, linking these images to asset management databases for major international oil operators, allowing them to improve the performance of their assets whilst providing operational efficiencies. SE Innovation, comprising Max and Co communications and design, R2S Forensic and strategic consulting delivers strategic support for companies in offshore energy, helping them to improve asset integrity, reduce costs and improve output. The Marine division offers ship management services for offshore vessels and is now considered to be non-core.
www.seaenergy-plc.com
www.r2s.co.uk
www.seasm.com