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OHM Off. Hydro

5.25
0.00 (0.00%)
10 May 2024 - Closed
Delayed by 15 minutes
Offshore Hydrocarbon Mapping Investors - OHM

Offshore Hydrocarbon Mapping Investors - OHM

Share Name Share Symbol Market Stock Type
Off. Hydro OHM London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 5.25 01:00:00
Open Price Low Price High Price Close Price Previous Close
5.25 5.25
more quote information »

Top Investor Posts

Top Posts
Posted at 12/9/2010 23:47 by gwr7
Yeah, I don't invest in OHM, mainly because I suspect they are infringing the patent owned by EMGS. Also their strategic thinking has been duff, their chairman (former CEO) talks a good game to hide what he hasn't got and I don't like companies casually dropping in the fact that they had a huge off-balance sheet liability which explained the need for rescue money before going bust. If their accountant is reading, us honest investors like a little clearer visibility on such things.
If you're interested, I recommend you take a closer look at EMGS which I think is an excellent recovery play. The $150m contract with PEMEX is huge by CSEM standards and this week's Upstream (first class read imo) remarks on them remaining optimistic of achieving profitability this year. Don't underestimate the alliance with the world's best seismic company either. EMGS have the inventors, first mover advantage, superior scale, more customers, extremely strong backers (Warburg) and a bigger order book. In light of that I can't think of a compelling reason to divert hard earned money to OHM but congratulations and thanks are due to the team involved in the excellent work over Kraken.
Posted at 29/6/2010 07:53 by robson1974
not a great update RNS but they have shown time after time that they have investors willing to prop them up and who believe the long term story

i imagine even if financial investors do not step in, corporate strategic investors will if only to keep EMGS honest
Posted at 27/4/2010 10:17 by robson1974
no, i'm busy this week, was hoping to go to the afc investor day but going to miss that as well

afc well worth a look for high risk punters in this :-D
Posted at 20/4/2010 22:13 by gwr7
We're probably agreed that what individual investors or companies pay for their shares doesn't equate to what they're worth. Let's take one of the major investors, East Hill, for example.
East Hill was formerly known as Clay Affiliates. Mr Clay was presumably so embarrassed after Mr Pratt relieved him of £2.40 a share for over 700,000 shares just before they tanked, he changed his name. That's what you're dealing with here.
Posted at 12/4/2010 09:29 by dr agon
well spotted bones,makes you wonder what suprises they have to reveal on 22nd as no investor would stump up £3.36m @ 16p just before rubbish results,imo,these should test the 16p barrier soon and possibly even test 20p,we shall see in the next 10 days eh!
Posted at 09/4/2010 07:41 by nicksig
robson1974 - 8 Apr'10 - 23:17 - 1546 of 1553


Offshore Hydrocarbon Mapping soared 6.5p to 11.5p after Sector Asset Management lifted its stake in the oil equipment services group to 24.15pc, from 1.24pc. The experienced investor in the oil service arena forked out up to £3.36m in a placing of 21m shares, paying a significant premium price of 16p a share. Funds received will provide working capital for the recently announced CSEM surveys in India.

Read more:
Posted at 08/4/2010 23:17 by robson1974
ninalog comes back as smellyjim i think that tells you all you need to know

best to ignore the idiots and hope they just go away or grow up

anyway...

Offshore Hydrocarbon Mapping soared 6.5p to 11.5p after Sector Asset Management lifted its stake in the oil equipment services group to 24.15pc, from 1.24pc. The experienced investor in the oil service arena forked out up to £3.36m in a placing of 21m shares, paying a significant premium price of 16p a share. Funds received will provide working capital for the recently announced CSEM surveys in India.

Read more:
Posted at 08/4/2010 13:56 by crosswire
Offshore Hydrocarbon Mapping places shares at premium

2010-04-08 11:08:44

Business Financial Newswire -

Offshore Hydrocarbon Mapping has placed 21m shares at 16p each with Sector Asset Management to raise £3.36m.

The placing price represents a 220% premium to the closing mid-price on 7 April 2010.

Sector Asset Management will hold 23.2% of the enlarged share capital.

The new shares will be issued in two tranches, the first 3.475m under existing shareholder authorities and the balance of 17.525m after shareholder approval has been obtained.

The funds of £556,000 received from the first tranche will largely provide working capital for the recently announced CSEM surveys in India.

The net proceeds of approximately £2.7m from the second tranche will be invested in further improvements in WISE data processing and interpretation technology, upgrading the Group's marine CSEM acquisition equipment and further investment in sales and marketing activities

CEO Richard Cooper comments:"I am very pleased to welcome Sector Asset Management as a significant new shareholder in the Company.

"Sector is an experienced and sophisticated investor in the oil service arena with a track-record of successful ventures in the upstream geophysical market.

"Already in 2010 we are experiencing increasing enquiries in both our marine CSEM survey business and our Rock Solid Images seismic business and this fundraising demonstrates Sector's confidence in the Group and its WISE integrated data interpretation offerings for clients."
Posted at 08/4/2010 13:23 by jonnynixon
chrisis33, I agree with your thoughts...lets see how this pans out this afternoon after lunch...its a matter of when not if...and do you sell at 16p or enjoy the ride? Any thoughts on what the potential of this company be? Must be of some strategic importance to have a major investor?

JN
Posted at 19/2/2010 11:55 by robson1974
BE
But oil services deal in the States though
BE
If the WSJ is to be believed, that is
BE
Feb. 19 (Bloomberg) -- Schlumberger Ltd., the world's largest oilfield services provider, is in advanced talks to buy Smith International Inc., the Wall Street Journal reported on its Web site, citing people familiar with the negotiations.

The deal is expected to be announced in coming days, the paper said. Stephen Harris, a spokesman for Schlumberger, declined to comment on the report in an e-mailed response to questions. "The company doesn't respond to rumors of this variety," said Shawn Housley, director of investor relations at Smith International.
BE
Now, the theory would be that, is Schlumberger bought ....
BE
Halliburton and Weatherley would have to follow
BE
Although we're not seeing much action in the UK oil services stocks yet

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