An oil company for nothing - bargain of the month?

The share price of the “energy ventures company” received a welcome boost this week on news that its primary investment and fellow AIM quote Landsdowne Oil & Gas (AIM:LOGP) had participated in a material oil find off the Irish coast. The news highlighted the bargain basement appeal of SeaEnergy which, in addition to its investment in Lansdowne, is also sitting on a pile of cash as well as an interesting vessel design system to service offshore wind turbines.