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%

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.)

Global Marine Energy PLC
10 January 2006

10 January 2006

Global Marine Energy plc ('the Company')

Notifiable Interest


The Company announces that it received notification on 10 January 2006 that on
6 January 2006 Invesco Perpetual AIM VCT plc ('AMVESCAP') had an interest
in 1,660,000 ordinary shares of 2.5p each in the Company, representing 3.74 per.
cent. of the issued share capital of the Company.

This represents the entire holding of AMVESCAP in 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

Here we go!

Next week, see action Northwards.

God I hope so Owl. I know this will rise eventually and have no worries about losing in the long term but I would dearly love sp to reach 1 before the end of 2006 which seems a big ask but I believe the company can and should achieve this. It's only January after all.

Guess this is drifting down because institutions got in so cheaply. We need some good publicityand a statement from PW confirming no more dilution will be necessary to raise further working capital.

Small para in Investors Chronicle pg55:
GME 'speculative buy'.
Mentions Hardman 13m sales for 2006/loss 330k.
It's a start...

Morning Owl

Have you been in touch with Bankside recently or spoken to PW ? Any news ?

'bout 10mins ago :)

Think something's coming soon - presumably you saw the $7.4m in 4 months PMH orders RNS posted on OTCBB?

Patriot Mechanical Handling Appoints Mr. Kirk J Baer to Position of Chief Financial Officer
Tuesday January 17, 9:51 am ET


HOUSTON, TX--(MARKET WIRE)--Jan 17, 2006 -- Patriot Mechanical Handling Inc. (Other OTC:PMHH.PK - News), a leading provider of mechanical handling solutions and services to the oil and gas industry, is pleased to announce that it has appointed Mr. Kirk J Baer as the company's Chief Financial Officer. Baer's immediate responsibility is to prepare the company for an outside audit, in anticipation of retaining a firm to assist the company with meeting voluntary reporting requirements.
ADVERTISEMENT


Paul Findlay, CEO of Patriot, commented, "We are glad to have Kirk on board to assist with getting our financials organized and prepared for an outside auditing firm. Patriot intends to have its financials audited and to voluntarily report, so as to provide our shareholders, vendors and customers a high level of confidence in our company and its future growth."

Thanks Owl,

I'll be away for the next couple of weeks, see you on my return. I think once we have a sustained move north in the sp then this will become a very lively informative thread thanks to you.

Looks like a public audit of Patriot is to hellp its good news get past the GME barrier into the public domain - should help the SP.

Have a nice one Chrissie.

sd

GME a glimmer of blue again, just like yesterday. Wonder if it will stay today?