Offshore Hydrocarbon Mapping Share Discussion Threads

[gcom2] 08/4/2010 11:42

back in profit here what happened

[bones30] 08/4/2010 11:42

This news changes everything.

[sportbilly1976] 08/4/2010 11:40

Offshore Hydrocarbon Mapping (OHM)


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." Story provided by Business Financial Newswire

[waleriuszwatrobka] 08/4/2010 11:39

...still plenty room for improvement

[tomboyb] 08/4/2010 11:39

missed this one but what a great placement. got to say it! gl all.

[waleriuszwatrobka] 08/4/2010 11:38

...don't know as haven't got so much, but got another 5k @ 11.99p ;-)

[bones30] 08/4/2010 11:35

You beat me too it WW, to sell a lot as well.

[waleriuszwatrobka] 08/4/2010 11:35

...11.3p to sell ;-)

[waleriuszwatrobka] 08/4/2010 11:32

...feeling sorry for a guy who sold 30k this morning !!! :-(

[waleriuszwatrobka] 08/4/2010 11:31

...me too, sporty ;-)

[bones30] 08/4/2010 11:30

Yes, chuffed with my 10.25p.

[sportbilly1976] 08/4/2010 11:30

managed to get some during the breather...

[spectoacc] 08/4/2010 11:29

Been a real problem trying to buy more online.

[fund1] 08/4/2010 11:27

Thanks Waleriusz!

[waleriuszwatrobka] 08/4/2010 11:26

...F1, no on-line buying quote but you can sell @ 10.1p - next leg up soon ;-)

EDIT: 1k to buy @ 11.5p

[fund1] 08/4/2010 11:23

Anybody got the online limits?

[smellyjim] 08/4/2010 11:22

robson's in the ftalphaville studio doing his show so won't be able to comment till 12 folks.

[waleriuszwatrobka] 08/4/2010 11:21

...simply have a breather ;-)

[bones30] 08/4/2010 11:19

tiv, I think I did pretty well on SHG. But youre right, I got out too early.

Amazed this isn't up to 16p yet.

[tivoliworldgaming] 08/4/2010 11:18

Bones,
I seen that cautious mistake thing about you with Shanta Gold. At least you are in all the right share companys.

[tivoliworldgaming] 08/4/2010 11:16

Well after this news and the fallback, OHM has now been added to my future want list of shares.