Offshore Hydrocarbon Mapping Share Discussion Threads

[robson1974] 16/11/2009 07:52

KBC have a recent 66p valuation on this.

[alcatraz10] 16/11/2009 07:44

nicd

whether reflected today or not is irrelevant. the fact is things are very promising from here on in.

[nicd] 16/11/2009 07:33

lets see this reflected in the share price today then please

[robson1974] 16/11/2009 07:32

Really amazing game changing and transformational news today.

OHM which has a market cap of £5m.. and cash of £3m+ has just signed an intial $2.5m contract with the Chinese state bureau for Geophysical testing !!!

Well done to all PATIENT holders.

[robson1974] 16/11/2009 07:31

Commenting on the results Chairman, Dave Pratt, said:


"Your Company has navigated an extremely difficult year resulting largely from profound changes that have taken place in the world economy and I am very pleased to say that although we are not out of the woods yet, the future is looking substantially more promising as confidence returns to both the financial and commodities markets, and as the Group begins to benefit from actions taken to reduce its fixed costs and liabilities.


OHM's leading position in the integration of electromagnetic and acoustic measurements is delivering spectacular improvements in our ability to detect, appraise and monitor subsurface hydrocarbon accumulations which we believe will place us at the forefront of this vital part of the oil service industry in years to come."

[robson1974] 16/11/2009 07:25

PRESS RELEASE


16 November 2009


Offshore Hydrocarbon Mapping plc ("OHM")


OHM Enters Strategic Partnership with BGP and secures Marine CSEM Survey in offshore Equatorial Guinea



OHM is pleased to announce that it has entered into a strategic partnership with the Bureau of Geophysical Prospecting in China (BGP) to provide marine CSEM survey design, acquisition and processing services to BGP. BGP has awarded the first survey to OHM within the framework of this new agreement for the acquisition of marine CSEM data offshore Equatorial Guinea, with a contract value of approximately $2.5 million. The CSEM survey is anticipated to start in late November, 2009


Richard Cooper, CEO of OHM commented: "We are delighted that BGP, one of the world's largest geophysical contractors, has chosen OHM as their supplier of choice for our WISE integrated CSEM products and services. We look forward to working with BGP on this first joint survey and developing a strong and long-lasting partnership to the benefit of all."

[geordy2] 16/11/2009 07:25

As usual Jam Tomorrow

[alcatraz10] 15/11/2009 17:58

i will be speaking to the company tomnorrow to find out why we are where we are.

[thelongandtheshortandthetall] 15/11/2009 17:44

one good contract and we'll be sorted.
currently priced well under value of assets.

[fertilia] 15/11/2009 15:17

richie...most of us are in the dark already.i for one would buy a shed full more if there was genuine good news ( most news is old news with these small players and too late for small pi's anyway)

[richie111] 14/11/2009 22:21

Fertilia I agree does not add up,
My worry is that they are about to go private and that the placing was just to keep the value in the club of the major's. Think us Pi's could end up in the dark here as the work comes in and the business recovers......

[deanroberthunt] 13/11/2009 12:52

I don't care how many they bought, not a ridiculous sum...and I reckon they could have bought on or near the amount in the open market much cheaper, since the share price has been ostensively between 100-200% lower than the placing price in the ensuing period....

Daintree managed it at TMC with no problem

[bones30] 13/11/2009 12:49

Its completely baffling.

[acm434] 13/11/2009 12:19

Should hopefully find some resistance around the 6p level.

[deanroberthunt] 13/11/2009 12:18

fallen over 50% from its recent high and still peeps can buy at or below the mid price.....the seller/s must still be very active..

great deal at 21.5p. NOT

[bones30] 13/11/2009 12:04

Someone's just snagged a few 7.75p

[deanroberthunt] 13/11/2009 12:03

21.5p/share...what a bargain, give that man a bonus......

[diamondsp] 11/11/2009 13:24

But the good news is that this time, it hasn't dropped the price. Also, volume seems to have been picking up this last week or so; I sense that we are about to turn the corner here (DYOR etc just my gut feeling at the minute...)

[humphries1] 11/11/2009 08:19

GWR7 thanks for that iv not much time to read owt at mo family probs
humph