Offshore Hydrocarbon Mapping Share Discussion Threads

[sportbilly1976] 08/4/2010 11:15

people taking some profits I guess after it being in the doldrums for so long...cant blame 'em

[tivoliworldgaming] 08/4/2010 11:12

10p bid now, thats pretty sick when you think those brave people had to take out risks of loosing everything here at 5p to buy. Now they only get double back for that risk, so I think they deserve much more.

[tivoliworldgaming] 08/4/2010 11:11

I remember selling 2/3 of Goldstone at 2p before they doubled, and then I bought many lots at 3.35p and at 3.95p. You got to take a share as it is, and not about its past prices.

[bones30] 08/4/2010 11:11

> Can't see any reason to sell - isn't just that a 16p stake's been taken; it's more that OHM has moved from "probably bust" to "almost definitely safe".

I very much doubt they would have bought this stake if they weren't reasonably confident that orderbook would improve considerably moving forward. This is looking excellent.

[bones30] 08/4/2010 11:07

Spec, I agree, added a few at 10.25p. Awaiting Robson's comment. He's probably still picking himself up off the floor!

[spectoacc] 08/4/2010 11:06

Can't see any reason to sell - isn't just that a 16p stake's been taken; it's more that OHM has moved from "probably bust" to "almost definitely safe".

3yr high was nearly 300p, though I'm sure I don't need to remind anyone on here of that.. ;)

[bones30] 08/4/2010 11:03

11.48p being paid.

[bones30] 08/4/2010 10:59

I look forward to Robson's comment.

[bones30] 08/4/2010 10:59

So this big stake's been taken by a Norway based institution..........

EMGS ASA headquarters

Visiting address:

Postal address:
Stiklestadveien 1
N-7041 Trondheim
Norway Pb 1878 Lade
7440 Trondheim
Norway

[waleriuszwatrobka] 08/4/2010 10:57

...yep, at least she will talk to you again ;-)

[tivoliworldgaming] 08/4/2010 10:56

I tipped this share to a friend at 16.5p, and she still has them, so thats some consolation :). All my other recommendation to her have been great winners, so she did not mind.

[waleriuszwatrobka] 08/4/2010 10:55

...can't win them all ;-)

[tivoliworldgaming] 08/4/2010 10:54

If it was not for this news, OHM would of ran out of money for sure. What a gutter I sold on fear at 8p and 5p some time ago. Could of been 4 grand better off today.

[bones30] 08/4/2010 10:54

Well it looks like OHM is the share to save my bacon today...

Currently 11.5p to buy, placing annouced at 16p.

[waleriuszwatrobka] 08/4/2010 10:53

...some time ago there was also share issue well above current at that time share price but it didn't prevent sp's dive to all time low !?!

[bones30] 08/4/2010 10:51

Up to 16p it is then. Robson - your post was timely there.

I notice Sector Asset Mgt are from Norway.

[robson1974] 08/4/2010 10:26

OHM ceo was right when he said the csem market would lag the oil price by about 6-9 months

if we get anywhere near $100 oil, the E&P's will have cash coming out of their ears and then the analysts will be questioning them about reserve replacement etc

let's hope OHM are still around to hoover up the deals once that scenario plays out as it may be a year out still

[mr macgregor] 08/4/2010 10:13

You'd have to be blind not to see momentum building with EMGS and OHM taking turns to announce multi-million dollar orders.

[robson1974] 08/4/2010 09:13

Electromagnetic Geoservices ASA (EMGS) has been awarded a contract worth USD
7.5 million to provide 3D electromagnetic (EM) data acquisition, processing and
interpretation services for a repeat customer. The survey is expected to
commence in the third quarter of 2010, subject to vessel availability.

This is the second part of a global 3D EM campaign for a major oil company, the
first part of which was a Caribbean contract announced in mid-December.

Roar Bekker, EMGS chief executive officer, commented: "This major oil company
has become one of the world's leading users of 3D EM technology, and is applying
our technology strategically as an integrated part of its exploration programme
and workflow. We look forward to developing this longstanding customer
relationship further and continuing to deliver high-quality data and,
consequently, adding value to their exploration processes."

[robson1974] 06/4/2010 11:53

Nautical Petroleum plc

("Nautical" or the "Company")

Rig Agreement Signed for Kraken

Nautical Petroleum (AIM:NPE), the independent exploration and production company, focused on the development of heavy oil assets in the UK and Europe, is pleased to announce that a Rig Agreement for the next drilling activity on the Kraken discovery in UKCS block 9/2b has been signed.

The drilling will be performed during the summer 2010 in the south west of the accumulation, using the Ocean Nomad semi-submersible rig. The activity will consist of both an appraisal well and an exploration well, plus testing.

The appraisal well will assess the southern extent of the existing hydrocarbon accumulation confirmed by the successful 9/2-1A and 9/2b-2 wells. The key purpose of this well will be to recover cores and obtain fluid samples, with the aim of collecting data which will be used to optimise the planned field development. The location of this well is within the mapped structural closure, an anomaly shown on the Controlled Source Electro Magnetic (CSEM) survey and an area of high amplitude on the seismic.

An exploration well, to the west of the appraisal well, will investigate three potential reservoirs, namely Heimdal III, a deeper Heimdal I and older sands, and targets gross best estimate prospective resources of 114mmbo in the Heimdal III and I reservoirs.

[iantc] 29/3/2010 19:16

lol add to that mwa ,only jump on the good news robo is not the way to invest look at the negative issues aswell