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%

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?

Next week should be interesting...

Repeat order - great !

Global Marine Energy PLC
19 January 2006


Global Marine Energy plc

PMH wins $3.2 million China order

Global Marine Energy plc, ('GME'), the oilfield services business, announces
that its US-based subsidiary, Patriot Mechanical Handling Inc, ('PMH') has
received an order valued at US$3.2 million from China Oilfield Services Ltd.
(COSL).

The order is for 5 Marine Deck Cranes; four PC4500 50 ton units, and a PC3000
40 ton unit, spare parts, training and commissioning of the equipment. Training
will occur at the PMH facilities in Houston, with the cranes being delivered to
Xingang Seaport, China, upon completion. Delivery is scheduled for Q3 2006.


Paul Findlay, President and CEO of PMH, stated:

'We are pleased to have the opportunity to work with China Oilfield Services
again. COSL is a leading player in the Chinese market and this order speaks
volumes for PMH's ability to compete and successfully win business in this
region.'

Philip Wood, Executive Chairman, Global Marine Energy added:

'Late last year we announced two multi-million dollar orders from Dalian, which
increased our footprint in China, a country whose demand for fossil fuels will
continue to increase as its population becomes more affluent. This new order
from China Oilfield Services reinforces our strategy of targeting new markets
in growth territories.'


19th 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

There we go - bit late on OTCBB (at least same day)!
Nice couple of late 75,000 T's (=14M old money).

Owl, I might think of getting back into this boy, especially after it took a big tumble pre/post sahre consolidation

Was there a100/1 consolidation recently,what are future prospects, any views.

mbugger/jameel06 - you're in the right place & right time (unlike most of us!)

future prospects look very good now company is restructured & 5 big institutions bought in last month, plus new bank facilities by RBS.

For estimates of sales, earnings etc see Digitallook or TimesOnline for research. None of the research allows for jv type work as was announced last year, so this prospect is not built into the price. You'll know there is a huge lack of rigs. One deal along lines announced last year would transform the company.

Could give lots of figures, but best DYOR.


Still rated a speculative buy (see Investors Chronicle last week) until GME demonstrate they are profitable. However, the chairman said they were at the interims, so if can maintain that - great. I understand it's likely they'll break pattern of reporting end of year results as late as possible i.e in September, and possibly try to deliver early this year (results likely to be very good with 4.15m already bagged & 6 months still to report from end Sept).

Suggest don't buy too many though you'd be in at the bottom as share should be supported at recent placing price of 17p.

Blimey another blue start!

Fantastic week.
2 late trades of 260k & 200k (=40M old money).
At this rate the free float will soon vanish.