SEAPT - This could be one of the stock market rockets this year!

MC Axel
SEAPT 27.05.2025 kl 12:52 18255

"""First I will start by saying that this stock is a high risk and reward stock. Therefore you should not! put all your money in such stocks, I don't, but I of course bet some""""



I think this one is very interesting!!!


Their compensation claim is 720 million NOK!



For those who are not familiar with the matter:


" Published at 07 Jan 2025

Claimant alleges substantial financial harm over Petrobras’ alleged failure to repair undersea pipelines.

Seacrest Petroleo Bermuda, the Hamilton-headquartered , yesterday (6 January) confirmed that it has

against PetrĂłleo Brasileiro (Petrobras), Brazil’s state-owned oil company, over allegations of unfulfilled contractual obligations concerning pipeline repairs. The announcement follows an injunction obtained on 27 December 2024 in a Rio de Janeiro court, temporarily barring Petrobras from enforcing a payment of approximately USD 71 million owed by Seacrest Petroleo subsidiaries, SPE CricarĂ© and SPE Norte Capixaba.

The payment, originally due on 31 December 2024, pertains to post-closing consideration for the acquisition of the CricarĂ© and Norte Capixaba clusters. However, Seacrest Petroleo asserts that Petrobras’ failure to complete essential repairs to the Terminal Norte Capixaba (TNC) subsea pipelines has caused significant financial harm, justifying the suspension of payment.

On 16 April 2024, SPE Norte Capixaba submitted an indemnity claim in writing to Petrobras, detailing damages of USD 38.78 million incurred up to that date. This claim was updated on 13 December 2024, reflecting increased cumulative damages of USD 71.2 million.

ICC INTERNATIONAL COURT OF ARBITRATION

In a stock exchange filing dated 6 January 2025, Seacrest Petroleo confirmed that its subsidiaries had formally filed a request for arbitration with the ICC International Court of Arbitration seeking multiple remedies, including an indemnification from Petrobras for damages incurred due to its failure to fulfil its obligations to repair the TNC subsea pipelines which are critical for the logistics and offtake of production from the Cricaré and Norte Capixaba clusters.

The company is also asking for a suspension of the enforceability of the USD 71 million post-closing payments due under the respective purchase and sale agreements for the two clusters. According to Brazil’s Civil Code, a party in breach of its obligations is not entitled to demand performance from the counterparty.
BASIS OF THE CLAIM

The repairs, which Petrobras was contractually obliged to finalise within a reasonable timeframe, remain incomplete nearly 20 months after the agreement’s closing in April 2023 and are essential for transporting heavy oil and ensuring that Seacrest Petroleo’s production meets specifications for very light sulphur fuel oil (VLSFO). The company claims this delay has caused damages amounting to USD 71.2 million as of December 2024.

According to a statement published on Seacrest Petroleo’s website, ”Petrobras’ failure to perform its obligations and restore the pipelines to the temperature and pressure specifications for which they were designed has, during that 20 month period, forced the company to sell an off-spec blend of its production at significant discounts to Brent, which has severely impacted the company’s revenue, profitability and reputation”. It is a matter of public record that the company’s share price has fallen more than 98% in the past 12 months.

Earlier today (7 January) ICLG News spoke directly to John de los Santos, head of investor relations at the company. Mr de los Santos declined to give any further information about the claim or to name the company’s legal representatives.


https://iclg.com/news/22111-seacrest-petroleo-bermuda-initiates-arbitration-against-petrobras





"On 2 May 2025, by Order of the Court, the hearing date for the petition dated
20 February 2025 for the winding up of the Company was adjourned to 8 August
2025."

https://newsweb.oslobors.no/message/645446



"
Seacrest Petroleo presents debt reorganization plan
28th April 2025 12:27 PM

By Lucy Monteiro

Seacrest Petroleo has submitted its debt restructuring plan to a Sao Paulo court, according to a court document dated 25 April.

The Brazilian independent oil and gas production company is proposing asset sales to repay creditors. If the asset-sales process does not take place during a certain period set in the plan, secured and unsecured creditors would be repaid with profit-sharing bonds."

https://ionanalytics.com/insights/debtwire/seacrest-petroleo-presents-debt-reorganization-plan/
Redigert 20.06.2025 kl 00:14 Du mÄ logge inn for Ä svare
MC Axel
10.06.2025 kl 08:43 3661

👍

I think from what I've read, SEAPT has a strong case. Petrobras has undoubtedly caused SEAPT great financial damage

Petrobras has previously negotiated settlements in other cases

helloween
10.06.2025 kl 09:05 3613

JĂžss, kjĂžps mulighet. PĂ„ mikro volum da
weed
10.06.2025 kl 11:33 3525

Virker som vi har fÄtt et brudd opp her. Kan vi se 30 Þre i dag?
Redigert 10.06.2025 kl 11:34 Du mÄ logge inn for Ä svare
helloween
10.06.2025 kl 11:34 3528

Volumet begynner Ă„ ta seg opp nĂ„, sĂ„ kanskje vi ogsĂ„ kan fĂ„ ett etterlengtet rally đŸ˜ƒđŸ€ž
helloween
10.06.2025 kl 11:40 3512

NÄr BSP klarer 200% pluss sÄ bÞr vi ha mye Ä gÄ pÄ. BSP er et omt skall
MC Axel
10.06.2025 kl 11:48 3553

True! 👍

What people forget is that SEAPT is not an empty shell, but has values ​​and if they get a compensation of +700 million NOK it will be a game changer!

weed
10.06.2025 kl 12:10 3513

Voldsomt som det svinger her. Ned nesten 20% pÄ minutter
helloween
10.06.2025 kl 12:32 3463

Ser ut som en algo som prĂžvde Ă„ shorte, svinger nok kjapt oppover igjen

Vi trenger ett ordentlig brudd igjennom 23 Þre sÄ blir dette fort 30 Þre pluss
Redigert 10.06.2025 kl 12:34 Du mÄ logge inn for Ä svare
Peter Sellers
10.06.2025 kl 13:18 3433

@MCA, det som er foruroligende er denne fra i gÄr:

HMPInvest 07.06.2025 kl 17:49

B) Kraken-kredittavtale og inndrivelse av pantsettelsen av aksjer i selskapets datterselskap Seacrest Petroleo Cricare Bermuda Limited. Selskapet er forpliktet til Ä inndrive pÄ vegne av sine kreditorer og aksjonÊrer differansen mellom den samlede verdien av eventuelle eiendeler som selges av Kraken-lÄngiverne eller deres agenter og verdien av gjelden sikret ved pantsettelsen av aksjer som lÄngiverne har inndrevet.

Mitt spÞrsmÄl er da:
Kraken credit, B), virker for meg som en fiendtlig overtakelse av eiendeler? Hva skjer der? Er SEAPT fortsatt i problemer pÄ grunn av B) selv om de vinner voldgiften i henhold til A)?
MC Axel
10.06.2025 kl 14:26 3382

Not if you've read what I wrote/my reply

SEAPT is actively working on a debt solution, and at least there are values ​​in the company.

A solution can come like lightning from a clear sky



SEAPT also has a compensation claim pending, regarding this, a date has been set and it is August 8th.

I believe in a solution before this date
Redigert 10.06.2025 kl 14:31 Du mÄ logge inn for Ä svare
SIGM
10.06.2025 kl 14:30 3387

Begynner Ä ligne en pÄ en svÊrt god ordrebok oppover nÄ - dette kan ta av!
Peter Sellers
10.06.2025 kl 16:15 3343

@SIGM, akkurat dette kan ta av har vi hÞrt fra diverse innlegg daglig men kan ikke se at det har skjedd at det har blitt en rakett pt, men vi fÄr se nÄr neste pump og dump kommer for det er unektelig kun en trader aksje!!
MC Axel
10.06.2025 kl 16:57 3293

The same thing happened with EAM
There I wrote daily about the stock and almost no one reacted, if anything everyone was very negative

At least SEATP is not just a shell company, like so many others

Time will tell who was right

IDGAF
10.06.2025 kl 19:31 3208

Kommer til Ă„ fyke over 1 kr akkurat som Eam / Zenith 😉

TÄlmodighet som gjelder her ogsÄ....

SelvfĂžlgelig har jeg noen lodd her som jeg har hatt i de andre...
Fantastisk fĂžlelse Ă„ kjĂžpe pĂ„ 10-30 Ăžre og vĂŠre med nordover đŸ„ł

Eam er over denne gang og Zenith er for dyr om en ikke allerede er inne 😉

Seapt next ✅💰💰✅ Ny 5x - 10x đŸ€‘
Supermats
10.06.2025 kl 19:54 3240

What are your thoughts on the Q4 report that will be released on Thursday MCA?
helloween
10.06.2025 kl 23:24 3157

Kanskje vi kan fĂ„ noe spennende informasjon pĂ„ Q4đŸ€žđŸ˜Ž
MC Axel
11.06.2025 kl 09:01 3028

I'm betting on it! 👍
helloween
11.06.2025 kl 11:07 2976

Rimelig stabil mellom 21-23 Þre denne uka, hÄper den snart bryter oppover. MÄ vÊre mange som har snitt opp mot 50 Þre som den var for noen uker siden.

TĂ„lmodighet er nĂžkkelen 😉
MC Axel
16.06.2025 kl 12:20 2482

I copied this from the other thread because it's a really good summary.

I'm on vacation, so my activity on the forum is minimal at the moment.

It's about buying SEAPT at these low prices, it often pays off. I did it with EAM and it paid off.

Read this below


Supermats
14.06.2025 kl 19:01
553
HMPInvest skrev
Not personal, just look at the facts in the case. I've split it up in A) Court decision and B) credi..
Thank you for these informative comments about SEAPT HMPInvest and MCA. Personally, i have a good feeling that SEAPT will win the case against Petrobas, even though i have not read the contractual agreement between the two parties (nor will i get access to it). Let me break down why i believe that SEAPT will win:

The reason why i think SEAPT have a good case is first of all since they actually went through the process of filing a law suit against them through the ICC arbitration. The information that is available to the public suggest that the pipelines were heavily delayed and most importantly, not successfully maintained which resulted in delayed delivery and lower quality of oil that were sold.

Now, as previously quoted, we do not know the specifics of the contract as we do not have access to it, but we can (and must) assume that SEAPT have been very specific in the contract about due date of when the pipes should have been maintained/restored and the quality of the work carried out by Petrobas. It is likely that Petrobas have not fulfilled the contractual agreement.

You might ask "why we must assume" that SEAPT have been specific about these very important factors in the contract? Well, that is common sense if you ask me and should under any circumstance be detailed in such a major contractual agreement.

Following my topic of why SEAPT have a strong case against Petrobas, we can look at statistics where Petrobas have been involved in arbitration cases. As you can see, 4 have been lost 2 have been settled and 2 have been won. Of course each case is separate to this specific one, but going back to my statement that SEAPT went through the process of the ICC arbitration, i do not believe that they would do so if they felt that they have a weak case.

In summary i think that SEAPT will win the case but i would not get surprised if it gets settled in the near future.

Now, the big question is what factors does it bring to the table in case that SEAPT actually ends up winning the case? The company could be restructured, pay debt, have a better cash flow, investors would be more attracted etc etc. There are so many positive factors and the stock value would boost (a lot).
Please take a minute to read through the below information which supports my comments. These are all actual facts.

🔍 Overview: Petrobras Arbitration Cases – Statistics and Outcomes

Petrobras has been involved in multiple high-profile arbitration cases over the past two decades. Based on publicly available data, the company has lost or settled more major arbitration cases than it has won.

Summary Table of Key Cases:

Case / Counterparty Outcome Amount Involved
Vantage Drilling (2018) ❌ Lost USD 622–700 million
Astra Oil / Pasadena (2009–12) ❌ Lost USD 820 million
Odebrecht / Braskem (2023) ❌ Lost USD 162 million
IESA Oil & Gas (2021) ❌ Lost USD 70 million
Unigel (2024) đŸ€ Settled Amount undisclosed
EIG Energy Fund XIV (2025) đŸ€ Settled USD 283 million
Shareholder Actions (Lava Jato) ✅ Won Claims dismissed
Class Arbitration (Brazil) ✅ Won Case dismissed on grounds

Conclusion: In major contractual disputes (especially involving operations or contracts abroad), Petrobras has often been on the losing side or has opted for settlements.

âž»

⚖ ICC Arbitration: Final and Binding Decisions

The arbitration between Seacrest Petroleo and Petrobras is being handled by the International Chamber of Commerce (ICC), one of the world’s leading arbitration institutions.

Key Characteristics:
‱ Finality: ICC awards are final and binding.
‱ No Appeal: There is no appeal process for an ICC arbitral award. Once rendered, the decision cannot be challenged on its legal or factual findings.
‱ Limited Set-Aside: Awards may only be challenged in the courts of the seat of arbitration on very narrow procedural grounds, such as:
‱ Arbitrator bias or conflict of interest
‱ Due process violations (e.g., a party not given a fair chance to present its case)
‱ Award exceeds the scope of the arbitration clause
‱ Violation of public policy

These challenges are rare, difficult to prove, and most courts around the world are reluctant to interfere with arbitral awards.

âž»

đŸ‡§đŸ‡· Does Petrobras Have an Advantage Given the Dispute Is on Brazilian Soil?

This is nuanced.

Potential Advantages for Petrobras:
‱ Familiar legal and technical environment: The dispute concerns pipeline maintenance and infrastructure at the Norte Capixaba terminal in Brazil – a location under Petrobras’s historical operational domain.
‱ Access to local technical data and experts: Petrobras may have stronger command over documentation, personnel, and local operational history.
‱ Regulatory familiarity: Brazilian environmental and technical regulations may play a role in interpreting contractual obligations – where Petrobras could argue from precedent or local interpretation.

But There Are Limits:
‱ The case is not being decided under Brazilian courts, but through international arbitration. So:
‱ Local influence is minimized
‱ Neutrality of ICC arbitration is preserved
‱ International arbitrators are unlikely to favor a party simply based on geography, especially if the contract specifies neutral governing law or international standards for maintenance obligations.

Conclusion:

While Petrobras might benefit from technical familiarity with the pipeline infrastructure, the legal playing field remains neutral under ICC rules. This limits any strategic advantage tied to national terrain or jurisdiction.

Redigert 14.06.2025 kl 19:34
MC Axel
17.06.2025 kl 09:32 2312

You shouldn't sell a stock cheaply, but when it's expensive

The SEAPT share is currently cheap and has great potential in the short term
helloween
18.06.2025 kl 09:42 2193

Kan virke som om cobas er tomme
HMPInvest
18.06.2025 kl 11:24 2255

Ok, but my conclusion is that even if they win the arbitration (we don't have a clue how the outcome will be) the major obstacle with the creditors need to be sorted.

The arbitration:
- at best may be 71.2 mUSD
- at worst - 71 mUSD (minus)

The creditors:
Looks to me as a hostile take over by the creditors.

Hence, risk is sky high.

Finally, technical analysis of the price-graph doesn't show any edge up. Volume is low, and doesn't seem to attract buyer, yet. That's my take at least. Wouldn't be surprised if price drop to 0.14 nok.
Redigert 19.06.2025 kl 13:06 Du mÄ logge inn for Ä svare
MC Axel
18.06.2025 kl 12:23 2178

Then we must agree that we disagree about SEAPT

I lean more towards "Supermats" analysis

I have of course looked into the case myself, as with all the others I have been involved in


PS. Petrobras claim is nonsense and they are getting nowhere with it. They are the ones who have failed in their duties to SEAPT. It was only done to muddy the waters.

The fact that trading volume is low for a few days means nothing. It has happened in EAM and Zenith, and look where the share price is today versus what it was six months ago. At that time, their share prices were on par with today's share price in SEAPT.



Redigert 18.06.2025 kl 12:40 Du mÄ logge inn for Ä svare
Peter Sellers
18.06.2025 kl 12:49 2124

@MCA, to compare Seapt with Zenith is bullshit because Zenith allready has won the first case and most likely like LOA and Moohammed wrote they won also case 2, so in my mind two different cases pt!!
helloween
18.06.2025 kl 13:44 2091

Da gikk det bĂ„s for EAM, kanskje en del lykke jegere som vil ta igjen noe av tapet ved Ă„ kjĂžpe SEAPT. Skal nok fly noen ganger mot rettsaken 👌
MC Axel
18.06.2025 kl 13:58 2065

Time will tell

To say that they will win for sure is fundamentally wrong. That they have a high chance of winning is something else entirely. Nothing is 100% certain.

As I said, I believe that SEAPT and ZENA have a good case/cases, but we don't know the outcome 100%

I myself believe that EAM, for example, had a good case, but why the verdict was the way it was today, I wonder.

SEAPT is a completely different matter, Petrobras has lost in court in other cases and they have also settled in other cases.

Tony83
18.06.2025 kl 14:46 2013

just one very important remark, why I think SEAPT won't go bankrupt --> nobody will win from this bankruptcy! Most importantly --> Brazilian national company Petrobras has nothing to win from this!
I think the situation will be solved along two lines of action: 1) divesting (i.e. sale of the redundant assets) and 2) issuance of creditor bonds to the creditors.
At lest that's how it's usually done in this situations! What do you reckon MC Axel?
Redigert 18.06.2025 kl 15:10 Du mÄ logge inn for Ä svare
MC Axel
18.06.2025 kl 16:40 1902

I agree with what you say.

We can soon expect a proposal from SEAPT regarding the debt reorganization plan.

https://ionanalytics.com/insights/debtwire/seacrest-petroleo-presents-debt-reorganization-plan/


Feb. 20, 2025
"In the third quarter, Seacrest produced 6.8 thousand barrels of oil equivalent per day (boe/day) and has approximately 300 direct employees and more than a thousand indirect employees at the Cricaré Hub, Polo Norte Capixaba and Terminal Norte Capixaba."
stian_oslo
19.06.2025 kl 08:15 1726

Ikke noe rapport i dag?
Tony83
19.06.2025 kl 09:05 1632

what report do you anticipate?
helloween
19.06.2025 kl 09:15 1597

Oljeprisen durer pÄ, liten salgs vilje her nede sÄ kanskje den er klar for en tur oppover snart
Tony83
19.06.2025 kl 12:49 1488

SEAPT has submitted has submitted its debt restructuring plan to a Sao Paulo court already on 25.04.2025! --> https://ionanalytics.com/insights/debtwire/seacrest-petroleo-presents-debt-reorganization-plan/

I see NO reasons why this plan should be rejected by the creditors! What do you think, when will the creditors take a stand on this proposal?
HMPInvest
19.06.2025 kl 13:09 1446

Creditors are aiming for a takeover of assets, so don't consider this to be a fair game.
Redigert 19.06.2025 kl 13:59 Du mÄ logge inn for Ä svare
MC Axel
19.06.2025 kl 13:23 1406

I agree!

What is happening in SEAPT is probably related to what happened in EAM yesterday. People are scared and I understand them well. It may also happen that it spreads to ZENA and other high-risk stocks

I personally see great opportunities in both SEAPT and ZENA. But of course no one knows the final outcome.

Kreditorerne fÄr mindre ved at afvise SEAPT-gÊldsplanen
Tony83
19.06.2025 kl 13:27 1391

So a proposal is made! What happens next?
helloween
19.06.2025 kl 13:41 1357

KjĂžper mer pĂ„ dette nivĂ„et 😎 tipper det var siste rest fra cobas som ble dumpet
MC Axel
19.06.2025 kl 13:57 1314

👍
MC Axel
19.06.2025 kl 14:01 1292

They announced on April 25 that they will evaluate some debt solutions that will calm or please the creditors.

I think we will hear from SEAPT soon about this solution.

HMPInvest
19.06.2025 kl 14:09 1271

price may drop as low as 0.070 nok in my chart. I anticipated 0.14nok, but looking at the chart it may go further down.
Redigert 19.06.2025 kl 14:10 Du mÄ logge inn for Ä svare
helloween
19.06.2025 kl 14:16 1251

Dont be to geedy, you may loos a good spot to buy 😉 this turns fast
HMPInvest
19.06.2025 kl 14:30 1225

well, once price drops through 0.15 it will likely go straight down to 0.09 nok.
helloween
19.06.2025 kl 14:35 1211

đŸ˜…đŸ€Ł
So you are using all your time on seap to tell us this...

And if it stays over 0,15 it will go strait to heaven đŸ€Ș
Redigert 19.06.2025 kl 14:36 Du mÄ logge inn for Ä svare
helloween
19.06.2025 kl 16:00 1116

Min teori er at en algo prÞver seg pÄ en short, sÄ tror den vil gÄ rimelig bra nÄr det snur. Eg har iallefall Þkt greit pÄ dette nivÄet.
Seap var oppe i 50 Ăžre for noen uker siden imens olja var 10 usd under dagens.

Vi fĂ„r se men spennende okke som😎
Tony83
19.06.2025 kl 22:18 949

Why do algos & robots do this from time to time? What is their motive?
LV-Invest
19.06.2025 kl 23:12 885

https://newsweb.oslobors.no/message/649701
Hva betyr dette? provisional liquidation
Likvidiering av selskapet?
helloween
19.06.2025 kl 23:40 848

Ingen nytt, kun en oppdatering. Fortsatt rettsaken 8. August som gjelder
helloween
19.06.2025 kl 23:41 845

Same motive as all that are buying/ shorting. Make money 😎