THREAD NOW CLOSED 3 May 2007

LATEST NEWS...(Check RNS service for details)

10/4/2007 - GME removes its minority interest in Patriot so shareholders enjoy 100% of all growth at Patriot
20/3/2007 - GME announces it will no longer support as NIM as non-core but instead focus on Patriot's US$123 order book
4/1/2007 - Cantor Fitgerald report 6.90% Holding
Decemebr - $31m orders reported
w/b 27/11 - Cantor buy >3%, Further order of $11m for rig packages
w/e 24/11 - Orders of $20m announced, but not profitable as expected
w/e 13/10 - Further $8m orders
w/e 27/09 - Further additions by Schroders to 12%
w/e 22/9 - Further orders of c $18m plus Gartmore stake increases to 20%.

Global Marine Energy plc is an Oil services company primarily bringing together and delivering rig component/equipment packages to international markets. GME is the holding company for two subsidiaries, Patriot Mechanical Handling and NIM engineering. Patriot provides the bulk of GME's sales.

GME is a niche player, there being only 1 or 2 alternatives for packaged equipment.
Patriot is a member of Source One drilling - a marketing alliance created by Le Tourneau Ellis Williams (LEWCO). www.source1drilling.com

Thread re-opened post results. Feel free to post away. News summary under picture.

Disclaimer: As always, Do Your Own research as no comments or foward looking statements posted here can be guaranteed.

This is an AIM listed company so high risk - only for investments you & your family can afford and are prepared to loose.



***Latest*** (also see estimated Share position analysis below @ 20 April 2006)
19 Sept - $9m from Brazil & America
14 Aug - GME announces $9m of orders including $1.2m NIM orders for Baker marine
These funded in part from recent raised capital.
11 Aug - GME delivers 11.2m stg (2005 4.76m). NIM issues notified in July addressed.
June - Cobra Ltd take large stake, a few previous buyers add
June - Placings at 15p
25 May - Paul Findlay promoted to Group CEO. S Wild (NIM subsid) off board.
10 May - PMHH signs up to http://www.source1drilling.com alliance
8 May - PMHH huge $8.6M china order+announces multiple chinese deals
5 May - PMH signs exclusive deal with winch company EMCE/Stokvis
4 May - Shroders increase to 11.16%
19 Apr - Shroders buy 10.10% 4,525,000
4 Apr - Gartmore adds stock now 17%, CAML buys 3.52%

Chrissie - where have you been? Behaved yourself over the new year I hope ;)

IMO good news is Wood has done what was needed - restructured company, put it on fully financed footing+restored overdraft. I think he'll stay - certainly purchases, options etc mean he intends to. Visit to Brazil was (I think) to confirm the assets were there before going ahead with jv deal. It was a form of DD but not for Langbar.

If (worst case) he were to leave, Findlay, Wild, G.Nicholas & Fitzpatrick could easily carry on. They just need to complete 3m sales this year, 8m next. Most work comes from Patriot not NIM, and Wood has been doing the restructure work not sales - though of course alledged connections may have helped.

ps checked loan conversion with LSE. They are 'reasonably comfortable' with the arrangement! Amazing.

Apparently, I behaved very well indeed!

I can't help thinking/wishing that something good is afoot at GME. Big institutions on board, banking facilities in place with RBS and PWs personal investment of 1mil. (This is what I keep repeating to myself when feeling upset about the sp and my average). But it's true isn't it? How can 2006 possibly be a bad year for GME with everything now in place and order books full etc.

I will buy more just after consolidation.

Well, last day as a penny share.
Tomorrow s/be a sensible looking price for first time ever. Final piece of jigsaw that sees GME as a real company. Seem to be few sold-outs waiting to buy back.

So new dramatic pic in header for launch :)

I'm told they'll be a video clip put on PMH & GME sites soon.


Released today On OTBB re rearranged programme.

Patriot Mechanical Handling to Be Featured on the 'Sunday On the Money' Show
Over 69 Million Viewers Receiving Super Station WGN Cable Channel Can View the Program Sunday January 8th at 9:30 AM EDT
Patriot Mechanical Handling Inc. (OTC: PMHH), a leading provider of mechanical handling solutions and services to the oil and gas industry, is pleased to announce that its CEO, Paul Findlay, will be a featured guest on the 'Sunday On the Money' show. The segment will air on Sunday, January 8th at 9:30 AM Eastern time on Super Station WGN cable channel. Check your local listings for the WGN channel in your area.

"The 'Sunday On the Money' show is an excellent opportunity for us to provide the investing public with an overview of Patriot and the market we address," stated Paul Findlay, CEO of Patriot. "We are excited about the growth we are experiencing and look forward to continuing to tell our story to new audiences."

Sounds good to me! Big day today, consolidation has been hanging over us for weeks now. I expect we'll see a dip but soon after the dust has settled it will be a case of up up and away!!!!

Up 10500%!! ;)
Excellent news - Their advisers have taken an enormous stake. Everyone who counts is getting aboard, and GME is still just a whisper.




Global Marine Energy PLC
06 January 2006


6 January 2006

Global Marine Energy plc ('the Company')

Notifiable Interest

The Company announces that it received notification on 5 January 2006
that Gartmore Investment Management plc ('Gartmore') acquired
332,500,000 ordinary shares of 0.025p in the Company as part of the
placing of ordinary shares admitted to AIM on 5 January 2006.
Following the acquisition Gartmore, through its business group and
legal entities, had an interest in 758,250,000 ordinary shares of
0.025p each in the Company, representing 17.08% of the issued share
capital of the Company. The Company had previously received notification on
2 December 2005 that Gartmore had a notifiable interest in 418,250,000 ordinary
shares, representing 14.17% of the issued share capital of the company.

The Company announces that it received notification on 5 January
2006 that following the placing of shares admitted to AIM on 5
January 2006 Noble VCT plc holds 200,000,000 ordinary shares of
0.025p in the Company, representing 4.51% of the issued share capital
of the Company.

The Company also announces that it received notification on 5 January
2006 that following the placing of shares admitted to AIM on 5
January 2006 UBS AG, acting through its business group and legal
entities, holds 275,855,876 ordinary shares of 0.025p in the Company,
representing 6.22% of the issued share capital of the Company. The
Company had received notification on 2 December 2005 that on 1
December 2005 UBS AG had a notifiable interest in 148,802,938
ordinary shares, representing 5.04% of the issued share capital of
the company.

For further information please contact:

Philip Wood, Chairman, Global Marine Energy plc 01274 531 862

Adam Westcott, Noble & Company Limited 0131 225 9677

Michael Padley / Susan Scott, Bankside Consultants 0207 367 8888




This information is provided by RNS
The company news service from the London Stock Exchange

Chrissiemail...

Well, bugger me!
I held these shares from 0.90 down to 0.42 before finally bailing out. Oh well, c'est la vie!
Congratulations to The Owl and Chrissie for having the courage of their convictions and sticking with this share. Enjoy your profits and if you uncover any more little treasures like this please feel free to let me know, Mr. Owl.
Once again, congratulations to the both of you.

pma68 - not quite as good as it looks - YET!
There's been a 100/1 consolidation, which is great as it takes us away from penny share status, but we have 100x less shares.

Fundamentally, looks very strong with all the buyers & Gartmore with 7.58M (17%), and I think something's coming next week.

erm profits?

100X reduction in numbers= 10000% - a real "increase " in share price of 9483% looks remarkably like a "real" decrease of -5%- in cash, call me old fashioned for the maths.

Fewer shares, 4 big buyers, and trading profitably.
Bound to dip back to 17-19p level to check support from Goldman, UBS, Noble et al - consolidations always do. After dust settles - should bounce as 'trading profitably' if Wood's last RNS is to be believed. T/over 8.76M in last 18months (better than 2001-2004 combined) aint bad, and if they win no orders, still an 11.3M book to eat through.

Patriot up 31%.

pma68

Thanks for your kind words but as Owl said 100/1 consolidation, so no profits yet. However, if you want a little gem why not buy back in? Don't think you can lose from todays price ....as always do your own research.

JH: I forgot to mention yesterday that I've also added GME to my recovery watchlist and suggest you do likewise. It's early days, as I think it's still in downtrend but worth watching.
Please acknowledge this message.
sd.

whispers' getting louder! ..lol

Also on (>3%) UBS, Gartmore, Goldman & adviser Noble watchlists at 17p ;-)

Owl, do you think its a bit too early to buyin - watchlist until it flattens out?

Jameel06 - I don't know...depends also on your horizon.

Risk of not being in, is missing order RNS's, and reasons for institutional interest etc.
On the other hand, as you say it could drop to maybe 17-18p.

Update -- "Sunday On the Money" Show
Patriot Mechanical Handling, Inc. (OTC: PMHH), a leading provider of mechanical handling solutions and services to the oil and gas industry, reported today that the "Sunday On the Money" show, which was scheduled to air on Sunday, January 8, 2006, has been postponed. Due to unforeseen circumstances affecting the producer of the show, unrelated to Patriot, the show did not air at the scheduled time. It is anticipated that the show will air in its regularly scheduled time slot on January 15, 2006, however Patriot is awaiting written confirmation of the new air date prior to an announcement.

"We have been told by the show's executive producer that the program will air," stated Paul Findlay, CEO of Patriot. "We apologize to our shareholders and others who rose early on a Sunday morning to watch the program, which did not run as scheduled. We regret any inconvenience that this may have caused. Once we receive confirmation in writing from the producer, we will make another announcement regarding the scheduling." He added, "We are also working with the producer to provide a link to the web-ready version, which has already been encoded in Windows Media format, which could then be downloaded from our website."

Global Marine Energy PLC
10 January 2006


Global Marine Energy plc

PMH issues year end update


Global Marine Energy plc, ('GME'), the oilfield services business, announces
that its US-based subsidiary, Patriot Mechanical Handling Inc, ('PMH') has
today issued a trading update, on the USA OTC market.


It stated that order intake since taking control of the UK and SE Asia assets of
GME on Sept. 19th has exceeded US$7.4 million.


Paul Findlay, President and CEO of PMH, stated:


'We are very pleased with the orders won and are confident that our order
pipeline will continue to grow. The repeat orders from China, Mexico and
Brazil represent votes of confidence in PMH's products and engineering.
We remain confident that we will meet our sales objectives for our fiscal year,
which ends in March 2006.'


10th January 2006
ENQUIRIES:

Global Marine Energy plc Tel: 01274 531 862
Philip Wood, Chairman

Noble & Company Limited Tel: 0131 225 9677
Adam Westcott

Bankside Consultants Tel: 0207 367 8888
Michael Padley/Susan Scott



This information is provided by RNS
The company news service from the London Stock Exchange

Announced 'delivered' run rate ~486k pm
Announced Sales run rate ~1.06m pm
(Patriot only.)