Ocean Resources Capital Share Discussion Threads

[karzy] 17/3/2007 16:38

They took the nustar option when St Barbara split and then SBM went up over 8 times so they must be pig sick over that, interesting to see what happens to Bralorne now they have exited that.

[giant steps] 15/3/2007 13:06

RNS 15th March 2007 just out

Confirms OCE investment in RHEP is 29.5m ords (26.63%)


Checking Annual Accounts ending June 2006 for Rheochem shows holding 31.5m
Looks like a reduction of 2 million ords.

[vassily] 13/2/2007 02:50

Is it cheaper to buy OCE if you like RHEM and AR.? Giant Steps, I know you put for this idea in the past. Is it still true?

[vassily] 12/2/2007 15:53

topvest:

You might be right, but why would a major institution invest relatively heavily recently if they thought that. It is one to ponder. What do they know (assume) or what will they try and do. They can see something in OCE. I hold only a few OCE shares, so i'll hang on to find out.

[topvest] 11/2/2007 09:52

Is it just me or do others think the share prices of Archipelago and Rheochem will eventually rocket, but only once OCE have sold their shares?!!

[vassily] 11/2/2007 08:24

Energyi:

Surely it's time to edit your page. At the very least it needs to reflect:

[vassily] 10/2/2007 04:46

Latest news:

[vassily] 02/2/2007 16:03

karzy:

Most people seemed to have missed this institutional purchase. It is quite significant due to a prolonged absence of interest in OCE. They must be convinced their is a upside.

[karzy] 01/2/2007 21:19

Morgan Stanley have bought 8% last week, lets hope they can point managment in right direction.

[giant steps] 03/1/2007 12:45

The forgotten AR starts to advance, 37-40p, was 35-40p

OCE 20-22p, unchanged (Rheochem 15-17p)

[karzy] 30/12/2006 19:29

Might give us a portfolio update soon, if they follow the last few years practice.

[vassily] 22/12/2006 11:41

What does the latest news (below) mean for ordinary sharehholders? Nothing much right?


Ocean Resources Capital HoldingsPLC
21 December 2006


OCEAN RESOURCES CAPITAL HOLDINGS PLC

8% Unsecured Loan Stock 31/12/2006

The Directors of Ocean Resources Capital Holdings PLC are pleased to announce
that the Company's 8% Unsecured Loan Stock 31/12/2006 will be redeemed at par,
together with the accrued interest thereon, on 29 December 2006.

Trading in the Company's 8% Unsecured Loan Stock 31/12/2006 will be suspended
with effect from close of business on 27 December 2006. Payments will be
remitted to all holders on the Register as at close of business on 27 December
2006.


By Order of the Board

Capita IRG Trustees Limited
Secretary
21 December 2006

[vassily] 06/12/2006 13:12

More news about OYM and Zedex.

[vassily] 27/11/2006 16:19

News about Zedex, in which OCE has a stake, I believe.



I think OCE put up some 'seed' money. Might be good news as Olympus is actually producing gold and exploring for it.

[vassily] 02/11/2006 14:57

Did I read the results correctly. Didn't they say they expect Ar. and Rhep share prices to improve in the next 12 months. I thought OCE would be wound up in May 2007 after a AGM. Is this an indication they wish to extend the life of OCE?

At the moment the idea of OCE winding up seems to have put a real dampner on the share price What is the point of selling at such a loss only to see the shares (perhaps) gain in price after OCE bows out. Anyone any further thoughts.

V

[Abuse team] 02/11/2006 12:52

Post removed by ADVFN

[giant steps] 31/10/2006 21:58

AR. took a tumble today on NIL volume , bid 27p offer 32p
RHEP bid 12p offer 15p, volume 114K / 4 trades

OCE bid 20p offer 22p, volume NIL (guess it must be trading at a premium now)

[topvest] 15/10/2006 22:24

It's certainly not in the hands of us smaller investors, but that's the case with most stocks! Rheochem does look interesting and seem to be doing well.

[vassily] 11/10/2006 14:37

More news about Rheochem on the following thread:



Interest here as well:



News:




Topvest:

As for thoughts on a way forward for OCE, well, I don't think it's worth discussing really as it is not in the hands of the smaller investors. Just being realistic. What do you think?
V

[topvest] 01/10/2006 17:22

OCE looks increasingly like it will end up with only two good investments - Archipilaego and Rheochem. Both are doing well, but maybe the share price is being held back with both of these through the large overhang on the OCE holdings. Not sure how they will liquidate these holdings easily. Maybe a demerger of existing holdings might be a way forward, although this will also impact share prices on the two underlying investments as a result of new holders selling. Overall, not an easy situation. I'm not necessarily convinced that a wind-up of OCE is in the best interests of its shareholders. Any thoughts on a sensible way forward?

[vassily] 13/9/2006 14:15

Good figures from RHEP!
V

Rheochem PLC
12 September 2006

Rheochem Plc
("Rheochem" or the "Company")


Trading update
Notice of results


The Director's of Rheochem are pleased to announce a trading update for the
Company in anticipation of their final results for the year ended 30 June 2006
which are expected to be released by 31 October.



Highlights

• Expected Revenues AU$19 million, up 45% from last years (AU$13 million)
• Expected PBT AU$3.5 million, up 300% from last years (AU$1.2 million)
• Currently supplying highest ever number of rigs in Australia



Post- June 2006

• AU$ 8.2 million cash position as of September 2006
• 2nd mud/fluid blending plant commenced construction in July 2006 to supply
further on-shore and offshore demand throughout Australia



Oil & gas assets purchased

• 55% working interest with a net revenue interest of 75% per 1% working
interest in 12 wells in The Raymond Blackwell lease in Texas USA.
• Wimbledon Oil and Gas - 10% interest in the Athena discovery on block 14/
18b which is currently being drilled by Ithaca energy, 10% carried interest
in 3 North sea blocks and holds a 100% operated interest in a further six
North Sea blocks. Post completion Rheochem's subsidiary Lochard Energy will
own 1/3rd of Wimbledon.


Commenting on the Company's performance and activities to 30 June 2006, CEO
Haydn Gardner commented: "The period has seen Rheochem service the highest ever
levels of oil & gas drilling activity in our 7 year history and we are taking
advantage of this unprecedented demand by increasing our supply capacity. I
believe that oil prices will continue at high levels for some time considering
current global demand and we have taken an important strategic decision to take
stakes in exploration assets in order to drive value for Rheochem's shareholders
directly from potential finds. With our considerable expertise supplying and
advising the oil & gas exploration industry I believe Rheochem is in a strong
position both to grow its services business and work directly with explorers
towards defining economically recoverable resources."



For more information:

Haydn Gardner, CEO - Rheochem - [phone]

Laurence Read/Leesa Peters - Conduit PR - [phone]

Olly Cairns - Corporate Synergy Plc - [phone]


www.rheochem.com.au



Trading results to June 2006

The Company has had its best performing year to date with revenues expected to
be in the region of AU$19 million, up 45% from last years AU$13 million result.
The Company's expected profit before interest and tax is expected to be
approximately AU$3.5 million, a substantial increase of 300% from last years
AU$1.2 million figure. These figures are unaudited.

As at 30 June, the Company had a healthy cash position of over AU$5.2m.

Operations

Operationally, Rheochem Ltd, the Company's Australian drilling fluid business,
is very strong with supply contracts to the highest level of rigs operating in
the Company's history. It currently has a contract to supply Santos Offshore
North West Shelf Australia which is valid until December 2006. The Directors
expect to renew this contract for a further 2 year period to December 2008.

Onshore operations are very busy and current indications are that more rigs will
come into Australia in 2007. The onshore contract is valid until May 2008.

In July 2006 Rheochem Ltd started construction of its second drilling fluids
(mud) blending plant. This is currently under construction. This plant is
designed to be transportable to take advantage of offshore or onshore projects
anywhere in Australia and if required internationally. It is planned to be built
by 31 December 2006.

Elsewhere, the Company has been actively seeking appropriate acquisitions with
oil and gas interests. Through its 100% subsidiary, Lochard Energy Ltd
("Lochard") purchased a 55% working interest with a net revenue interest of 75%
per 1% working interest in 12 wells in The Raymond Blackwell lease in Texas USA.
Lochard has an option to invest in up to 100 wells in Texas on the same terms.

More recently, Rheochem signed an agreement in conjunction with a private
investment company to purchase Wimbledon Oil and Gas ("Wimbledon"). Wimbledon
has a 10% interest in the Athena discovery on block 14/18b which is currently
being drilled by Ithaca energy. In addition it has a 10% carried interest in 3
other North sea blocks and holds a 100% operated interest in a further six North
Sea blocks.

Post completion Rheochem's subsidiary Lochard Energy will own 1/3rd of
Wimbledon.

[rambutan2] 09/8/2006 11:18

ok, perhaps a bit unfair (but only perhaps!)

it hasn't got debt cos no one will give it any!

but what/how much is it producing? there is certainly a struggle going on in at the mine to sort out the probs - how long will it take?

the £3m funding won't go far, especially if continue to struggle with above. they will need much more to develop finland etc.

aimho


as for oce, note that mr hutchins also managed to balls up on rei and is now being forced to reconstruct/wind it up. he failed to learn his oce lesson. low grade indeed.

[vassily] 09/8/2006 11:13

It's not a good performer. NAVs are poor, but not surprising as OCE linked heavily to the rise and fall of minnow gold prospectors/miners and price of gold/oil. Obvious comment, yes.
Is there is possibility of a better future for the SP? I think so, but will it coincide with the wind up calendar?

[giant steps] 09/8/2006 10:51

Rambutan2 - unfair to compare with EPD

EPD looks well positioned, is fully funded for 2006 after raising £3m,
no debt and producing (as you well know!)