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Former Ramco company making progress

SEAENERGY believes it is making good progress as it attempts to reinvent itself as a support service and consultancy business.

The former Ramco Energy oil and gas company is still cash rich after selling SeaEnergy Renewables for £38 million last year.

In half-year results released yesterday SeaEnergy reported net cash of £19m and a pre-tax loss of £1.75m for the period to the end of June this year.

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