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OHM Off. Hydro

5.25
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Off. Hydro LSE:OHM London Ordinary Share GB0034272194 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 5.25 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 5.25 GBX

Offshore Hydrocarbon Mapping (OHM) Latest News

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Offshore Hydrocarbon Mapping (OHM) Discussions and Chat

Offshore Hydrocarbon Mapping Forums and Chat

Date Time Title Posts
24/1/201220:34sensing OFFSHORE HYDROCARBONS1,164
08/12/201117:19ohmy1,556
02/9/201116:39Offshore Hydrocarbon Mapping342
12/3/200408:48Women to be screened for Chlamydia1
03/12/200014:46OMH- Has it reached bottom?6

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Offshore Hydrocarbon Mapping (OHM) Top Chat Posts

Top Posts
Posted at 24/1/2012 20:34 by rattlesnake28
Have we been re-rated yet? lol I'm guessing the main board is filled with more pointless speculation about the MM's manipulating the stock for some unknown buyer who continually buys buckets. Despite which they don't raise the price for even the buyer to benefit....and so it continues...
Posted at 22/12/2011 09:46 by ucasavi
OHM should be RSI now. I am just a squatter here.
Posted at 20/12/2011 10:00 by ucasavi
It could be so. I think it is also that the shipping season starts only in July, so I am not sure what to expect before that unless they find good contractors for Petrosakh and start drilling earlier. Until they give some proper details how the cash will be spent, the share price will remain weak. They cannot waste cash anymore as their main objective - "restructuring" the taas loan has been achieved. It had to be done asap as no one could be sure for how long the BoD or the loan itself would survive IMO. The silence of the BoD about where the placing cash has gone may also imply they have got something to hide. If they now waste the cash it will also be all over for them in terms of salaries. On a positive note though: the fact that they fought for their free shares gives us some hope they these will be worth something; not just devaluing the company, selling it for peanuts and then getting some "broker fees" through a back door.
Posted at 16/12/2011 11:20 by ucasavi
Lol, no more actions from my side I am afraid. The Bod knows when to throw a bone to the roaring lions. In my past lives I used to sell my soul for 30 silver coins, but do it for a 1.5 p skinny rabbit is below even me;-)

But what wonders me is that people make a conscious decision not to change anything, and when nothing changes, they start asking why the share price remains undervalued as it has been all the time before?

Anyway there is a simple reasoning behind the present sp: a year ago it was 11-12p, since then nothing has been achieved, but writing off $15m is 4pps so that we have 7-8p
Posted at 08/12/2011 17:19 by gwr7
The penny dropped and it dropped to a penny. OHM now known as RSI.
Posted at 02/9/2011 16:39 by sandlab
Sort of.
Company was floated as OHM.
OHM took over Rock Solid Images.
Then the EM bit, which was the original company, was divested, leaving basically RSI.
Hence current RSI is basically just the original RSI. (I used to work with their software. It was good).
and
The original OHM is now merged with EMGS
R.I.P. OHM.
Posted at 02/9/2011 16:22 by schrodingers_cat
OHM is now RSI
Posted at 09/9/2010 19:04 by gwr7
As I'm talking to myself again just thought I'd take a trip down memory lane with some posts from 5 years ago. Funny how a lot of it is still relevant today and what about the innocent reference to Rockhopper just after the little penguin had hatched.


emptyend - 14 Feb'05 - 22:29 - 86 of 1155


I've been taking a passing interest in this company and its competitors. Would anybody be in a position to summarise for a non-techie what the core of the patent dispute hearing is about? In particular, how solid is OHM's case compared to its two competitors?

And when is some result expected from that hearing?

TIA

ee

bomfin - 14 Feb'05 - 22:37 - 87 of 1155


I notice Dr Jungels has another company farmed in to Desire's Falklands blocks today. Wonder if he'll recruit OHM's services?. If not why not?



GWR7 - 15 Feb'05 - 20:29 - 88 of 1155


Yes, I noticed Pierre Jungels is chairman of a recently created company called Rockhopper Exploration. They're unlisted and I've no idea about the state of their finances but they're funding 30% of the drilling costs of three wells in blocks licenced to Desire, who seem keen to press ahead with drilling in locations already chosen on the basis of 3D surveys. I can't see them using CSEMI as they're too far forward. It would have been interesting if they'd combined CSEMI with 3D but I suspect it's too late.
As for the patent dispute it's over entitlement to two patents that OHM benefit from. I've heard it's a complex case and could be months before a decision is made.

emptyend - 15 Feb'05 - 20:39 - 89 of 1155


Which two patents, may I ask? And who is contesting them? Is it Schlumberger or the Warburg Pincus -owned outfit?

CaptGuns - 17 Feb'05 - 17:56 - 90 of 1155


GWR7 or anybody else for that matter.
Could this CSEMI technology be used for a site survey or adapted to do one??
Hi resolution and side scan type survey??

GWR7 - 18 Feb'05 - 18:58 - 91 of 1155


ee the key patent number is GB2382875. There is also WO 03/04 8812, effectively the same patent but administered by the World Intellectual Property Organisation. Statoil the Norwegian State oil company are disputing entitlement. Well done with SOCO by the way.
cg the technology is proven in deep water, more research being undertaken for shallow water application. Site survey usually done in association with seismic. Try www.ohmsurveys.com for information on source/receiver alignment. The technology is good and I wouldn't mind betting Exxon benefitted from it with their Angola discoveries recently announced. Too many risks surrounding this company for my liking though and they will have to run very hard to justify their current rating, which will be difficult on the back of two profit warnings.

emptyend - 19 Feb'05 - 09:35 - 92 of 1155


GWR7,

Many thanks for the info. Interesting that Statoil are disputing - because they sold their operation [EMGS] to Warburg Pincus [the private equity group] early last year. Did they retain the patent? I doubt it, unless they licensed EMGS in perpetuity. There is a good article I found on the web but have lost the URL which mentions that Exxon's Angola run is at least partly attributable to OHM's work for them [about which they have to be contractually silent].

My own view is that the technology is a very interesting one but, partly in view of the patent issues, it is far from clear that OHM can be the ones to clean up. Nevertheless, I'll be keeping half an eye on it.

Thanks re SIA - so far so good :-)

By the way, does anyone know where the ships are at present, please?

rgds
ee
Posted at 30/7/2010 10:32 by gwr7
Oh dear. The perrenial under-achievers at Pratt and co. seem to have let you down again by not keeping you updated on events. Back in January 2009 they were quick to let you know that Schlumberger had defeated EMGS in the High Court.

"OHM welcomes UK High Court decision in Schlumberger - EMGS patent case...
The case was brought by Schlumberger on the grounds that the ideas that the patents sought to protect were already well known and in the public domain."

One of the patents revoked, EP 1 256 019, was the general method patent on the use of CSEM for direct detection of hydrocarbons. Those with long memories will recall that OHM used to pay a license fee to the University of Southampton. Another, EP 1 309 887 was related to the general method.

The company and in particular Lucy MacGregor were quite vocal about it.

"OHM has stated for several years that the above patents were invalid and unenforceable (erm despite OHM paying the University a license fee and despite Ms MacGregor being an applicant for patent 887), especially given the long history of published prior academic research including notable works by Dr Lucy MacGregor, one of the founders of OHM. The decision of the UK Court confirms that OHM can continue to operate within UK patent jurisdictions.
(Note the last bit).
This is the first time the validity of these patents has been ruled on by a court. This decision by the respected UK court will serve as useful guidance in other jurisdictions.
Lucy MacGregor, OHM's Chief Scientific Officer, said:
'We welcome legal clarification in line with our view of the situation. CSEM is a very valuable tool for oil and gas exploration. Too much time, effort and focus has been placed on dealing with emgs's now discredited patent claims rather than promoting the value of this technology to the industry. This decision will hopefully allow us all to get on with our mission of helping our clients improve their exploration success, without uncertainty, interference or threat of legal action from these claims.'

But there's been a bit of a hitch. EMGS had the decision overturned on appeal with Schlumberger having to pay the costs with no further right of appeal. Here is Wednesday's announcement.

Electromagnetic Geoservices ASA (EMGS) today reported that the Court of Appeal
in London has ruled in favor of EMGS in a patent dispute launched by
Schlumberger, where Schlumberger sought to invalidate two of EMGS's basic method
patents. Today's decision overturns a ruling by the High Court in London handed
down on 19 January 2009. Consequently, the two method patents are confirmed
valid in the UK.

EMGS has been awarded its costs of the appeal in full and majority of its costs
at first instance, the total figure for which will be determined by the Court if not agreed between the parties. In the meantime, Schlumberger has been ordered to make an initial payment on account of these costs to EMGS of £2.3 million (USD 3.5 million).

The Court of Appeal has refused Schlumberger permission to appeal to the Supreme Court.

Roar Bekker, EMGS chief executive officer, commented:

"We welcome the decision by the Court of Appeal, which confirms that EMGS was
the inventor of the marine EM method to detect hydrocarbon reservoirs beneath
the seabed.

"The commercial value of our patents is demonstrated through the fact that most
of our contracts are won through direct award. Going forward, we expect that
today's ruling will reinforce this trend and may also result in multi-client
exclusivity in certain countries."

EMGS has a broad portfolio of patents and patent applications relating to EM
technology. The two EMGS method patents that were upheld in today's ruling by
the Court of Appeal are basic to EM surveying and a prerequisite to perform 3D
EM acquisition in jurisdictions where EMGS holds the patents. These patents have been granted in 24 jurisdictions.

Commenting on today's decision and recent developments, Bjarte Bruheim, Chairman of EMGS's Board, said:

"This decision provides further momentum for EMGS's 3D products and services.
Recent developments, spearheaded by the PEMEX contract and underpinned by our
advanced 3D EM technology and purpose-built vessels, demonstrates that the
company is delivering on its strategy.

"We will continue to manage our patent portfolio and defend our basic method
patents in the interest of our shareholders and other stakeholders. Furthermore, EMGS is, as a part of its ongoing strategy to exploit fully the commercial potential created by our unique technology, reviewing the company's options with regard to licensing its technology to third parties."
Posted at 02/12/2009 14:57 by comedy
raginghippo believe a fund is selling out..seems to have all the hall marks..the mm's pee around with it...the 2 good news itesm out they jump share price up to try to get more away and then lower away to get you locked in or sell at a loss....believe the seller is still present and only way to get rid of him is no one buy and the mm's will go back week later to say we couldnt sell any..so they will take it lower...sitting on 180k at a loss...but wont now buy until we hit the 5p or lower...otherwise will take longer to get rid of seller...ps they play their kiddology games off upping it to make out overhang gone but seen this in another stock too...just a way to entice you to buy...the fact 6p to 8p..can buy 50k at 7.5p online...wont quote for 100k...all smoke mirror games...so they can sit with their stall out...they wanna sell take share price to 1p and will buy a mill...otherwise they can wa*k away at this rate ...

did think we had afew 500k trades last month if memory correct...so if 1 mill left at 1p need £10k to get rid...if buy now will need £75k to get rid of overhang...so personally buying elsewhere until they half it at least ie 3p...can you hear mm's take it 3p and will buy all your dud stock...

ps also think there probably news preventing director buys

TIDMOHM

RNS Number : 1647N
Offshore Hydrocarbon Mapping PLC
11 February 2009

Offshore Hydrocarbon Mapping plc
("OHM" or the "Company")


NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL
RESPONSIBILITY OR CONNECTED PERSONS


The information listed below relates to transactions notified in accordance with
DR3.1.4R(1)a in respect of a directors of OHM.


OHM announces that certain directors have today purchased 460,000 ordinary
shares of 1p each in the Company ("Ordinary Shares"). The Ordinary Shares were
acquired at a price of 5p per share. The directors who have purchased Ordinary
Shares are Executive Chairman Dave Pratt, CSO Lucy MacGregor and CFO Bob
Auckland. The following table sets out the number of shares purchased by these
directors and their resultant holdings.


+----------------+--------------+--------------+--------------+--------------+
| Director | Number of | Purchase | Number of | Resultant |
| | Ordinary | price | Ordinary | holding of |
| | Shares | | Shares held | Ordinary |
| | acquired | | previously | Shares |
+----------------+--------------+--------------+--------------+--------------+
| | | | | |
+----------------+--------------+--------------+--------------+--------------+
| David Pratt | 200,000 | 5p | 0 | 200,000 |
+----------------+--------------+--------------+--------------+--------------+
| Lucy MacGregor | 200,000 | 5p | 839,686 | 1,039,686 |
+----------------+--------------+--------------+--------------+--------------+
| Bob Auckland | 60,000 | 5p | 40,000 | 100,000 |
+----------------+--------------+--------------+--------------+--------------+




The transactions described above took place on 11 February 2009 in the United
Kingdom and relates to Ordinary Shares.

so sensible to chess them out...ie patience will bring rewards...no trades rest of this week and mm's will lower...5p ?4p?3p?
Offshore Hydrocarbon Mapping share price data is direct from the London Stock Exchange

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