A bit of life.
Any move has to be cracking....

Today a few buyers and share price is coming back to life
Perhaps someone knows something that I do not ?
Price moved up from 38p where it has been for months to 40p

?????????????

I do not know what is happening but share price is beginning to show signs of life.
I think someone may know something, as a bit of buying now taking place.
Hopefully some good news may be announced soon ???????
Maybe the time to buy SEY is now -
very little downside risk - perhaps 3p only as plenty of cash in SEY bank ???

Have a look at SEY trades today
All buys no sells
Is this insider trading - somebody knows something we do not !!!!!
Perhaps I may advise LSE - I will continues to wait and watch

certainly being ramped.

It was disaster over the last five years, always spent and failed....

They just need one success to make it jump a couple of folds.

Madagascar off-shore licenses would slot in nicely by
the side of Afren on-shore license area at very little cost.

Cash in bank $107m or £66.875m
SEY market capitalisation £52m
So is business worth - minus £15m ???

Some possibilities of drilling next year - Somaliland etc.
A share that has not dropped in the current market much
and that has been supported by its cash in the bank.
Looks like a fair bet on any future oil finds
I still hold on to 50,000 shares

.

SEY up 11.45% so far today - is something happening, and news about to be issued ?

Maybe Afren have finally realized SEY potential offshore Madagascar,
which is next to Afren onshore license area.

Also Afren should be able to buy SEY at a bargin price, having mind that SEY probably has more cash than its market capitalization, plus Afren may pick up some good staff.

Look very carefully where Afren oil find is - today's Afren news -
Afren are on shore Mozambique - Go a short distance to the coast to Sterling Energy shallow water off shore area - Ambiliome ( or something like - could be mis-spelt ).
Southern part of this SEY block is very close to Afren find, and likely to be a very very exciting SEY drilling prospect. SEY could have an interest in a few billion barrels here, "when" oil is produced ! You can buy SEY for a few peanuts just now.

It is still not too late for SEY to do a deal with Afren.

for starters, AFR don't have the money or management

Money is no problem - It could be a share exchange - I'll accept more AFR shares.
SEY have good management AFR could possibly buy / acquire.
It is about time AFR got a new Operations Manager -
their must be lots of qualified guys willing to take a job with AFR,
and AFR have already had a few months to sort that problem out.

Mocambique could be the next Kurdistan style oil producer, but without the Muslim problems ?

Dream on

ps Is Mocambique bay , up north

aldwickk

Sorry I meant Madagascar anyway -

Mocambique is the French spelling for "Mozambique". -
I used to work there on an aid project for a short time, and spoke a sort of French.

I now live in Spain where we spell it "Mozambique"
Are you one of those privileged sarcastic Southerners who think they are all
peasants "up north" ?

Thought SEY's was deep water and AFR on land, cost implications?

Seem to recall that I once held this stock at 11.5pence before the 40 for 1 consolidation, what's the price now?

20.5pence................. value share then!

They couldn't find oil in Halford's

SEY is there just to keep the directors in the luxuries hey have become accustomed to in my honest cynical opinion.

I was born in Stockport.,

I thought that Afren was at the other end of the Island ?

aldwickk
I was born in Levenshulme and lived in Stockport, Heaton Lane / Didsbury Road from the age of 1 to about 12 ( 1946 - 1958 ) - went to Didsbury Road School, then Dial Stone Lane, then Stockport College.
Where were you ?

No good telling them where a Halfords is aldwickk, they still won't find oil.

Maybe SEY should now buy out Afren or Kurdistan Afren !!!!!