Offshore Hydrocarbon Mapping Share Discussion Threads

[bones30] 08/4/2010 15:58

Not sure I've ever witnessed such obvious shakes!

Its actually 12p to sell lots.

[waleriuszwatrobka] 08/4/2010 15:56

...looks like there is a big chance for a close at intraday's high ;-)

[nicksig] 08/4/2010 15:47

Yep. Hopefully there will be a bit of press before tomorrow

[bones30] 08/4/2010 15:44

edging closer to 16p.

[nicksig] 08/4/2010 15:35

Online limits anyone?

[nicksig] 08/4/2010 15:28

Would be nice to see this close at the high of the day

[waleriuszwatrobka] 08/4/2010 15:08

...I've seen his post just a few minutes before RNS, lol

[bones30] 08/4/2010 14:54

Its the only explanation I could think of. This time though, its for cold, hard cash. The company is no longer going bust. Anything could happen to the share price, the upside is enormous. Very interested in what Robson has to say, perhaps he sold?

[waleriuszwatrobka] 08/4/2010 14:52

...b30, yep, you're right, missed that detail ;-)

[bones30] 08/4/2010 14:51

Can sell for 11.3p now.

[bones30] 08/4/2010 14:50

Yes ideally above it. Might take a while, but I think it'll likely get there.

[nicksig] 08/4/2010 14:49

Or above it with a bit of luck

[crosswire] 08/4/2010 14:47

sp will be @ placing price tomorrow..

[bernieboy] 08/4/2010 14:47

These boys must be some of the best directors around consistently placing shares at a massive premium to current SP! Almost back to my buy in at 12p the last time they did the placing at 21p! :-)

[bones30] 08/4/2010 14:40

Just done a dummy quote, I can sell quite a few at 11.1p

[bones30] 08/4/2010 14:01

WW:

Because last time:

* Future CSEM vessel charter liabilities of $45 million exchanged for equity,
reducing fixed costs and future working capital requirements.

Which is different to exchanging the shares for hard cash!

[crosswire] 08/4/2010 13:56

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."

[crosswire] 08/4/2010 13:49

Analyst Consensus 12 Month Target Price

The one analyst offering a 12 month price target expects Offshore Hydrocarbon Mapping Plc (OHM:LSE) share price to rise to 33.00 in the next year from the last price of 5.00.

[5dally] 08/4/2010 13:49

Press Release
29 March 2010
Offshore Hydrocarbon Mapping plc ("OHM") Award of Marine CSEM contracts for customers in India; combined value approximately US$ 6 million
Offshore Hydrocarbon Mapping plc (AIM:OHM), is pleased to announce that it has been awarded two contracts for the supply of marine electromagnetic surveys for clients in India, with a combined value of approximately US$6 million. The OHM Leader, a state‐of‐;the‐art vessel for conducting safe and reliable CSEM operations, is currently being mobilised for the surveys with the first due to start in April.
Richard Cooper, Chief Executive Officer of Offshore Hydrocarbon Mapping commented:
"This will be the first deployment in India for OHM's unique WISE product which integrates CSEM with a range of other geophysical data. Our clients for these surveys are experienced and sophisticated CSEM users and our leading capabilities in such data integration were a major factor in their decision to choose OHM for this wor
OHM has pioneered the use of CSEM within an integrated seismic interpretation framework using our WISE products; as a result we are seeing renewed interest in using CSEM for both exploration and exploitation applications."

[waleriuszwatrobka] 08/4/2010 13:41

...care to explain your view ?

[bones30] 08/4/2010 13:40

The last placing was different IMO.

[waleriuszwatrobka] 08/4/2010 13:26

...don't forget you have a chance of buying in at significant discount to II and it doesn't happen often ;-)

[iantc] 08/4/2010 13:24

sorry should have added sold my holding into the rise ,glad to be out with a modest profit