bought some ROS Thursday only because they were cheap, any one got any thoughts on them

interims for ramco out early sept. interims for logp already out and looking good. new licenses, may be worth a look.

we are on the move upwards .

Rise today due to been awarded Iraq oil Block, according to the otherside.

Double post

It would be nice if they had a great few weeks, as i say i have written them off, but you never know. but i wont order the rolo yet

Worth looking at again. Deals may have been signed in iraq Nothing posative yet, waiting on news from s remp.

larger buys going through today

i can only see about 60 thousand buys so is something going on in the backround that we dont know about yet ( i wish)

60 k isnt a lot i know but they are big buys compared to recent stock movements, they have been putting foundations in iraq Via mesapetania petrol co, midmar energy, and rumour of tie in with first drill,who have already won some service contracts,and logp of course, fingers in all the pies, Lets hope they are fresh and tasty pies.

That looks good today, or is it just money being dumped over night

Just waiting for news,then off we go..

I believe Ramco has all the makings of another Petrel (from sub 3p to over 1 in short swift).


This is a very good writeup from the Fools Board which outlines the very good potential of Ramco. Just one service contract in Iraq and the company will be revalued far far higher than what it is now. The market is waking up to this reality and the share is slowly creeping up - but when the expected news does hit the screens, with so little free float of stock, the shares will be marked up considerably higher ala Petrel when that went from c. 3p to well over over 100p.

Here is the writeup from the fools board :

(note this article is around over week old.. the price is currently 23.5p)

http://boards.fool.co.uk/Message.asp?mid=10846455&bid=51144

Author: SteadyTeddy
Number: of 103427

Subject: Re: Share Competition 2008 - Entry Thread

My reason and 'analysis' for my 2008 share pick (RAMCO - ROS)

Shares in issue : 36.8m
Currently capped at : ukp6.8m (@18.5p)
Has cash balances of ukp3.6m
Their shareholding in LOGP (Landsdowne Oil and Gas) is worth : ukp6.1m

Ramco have formed a joint venture company....Mesopotamia Petroleum Company (MPC), in which Ramco hold a 32.67% stake. The other major shareholder in this jvc is Midmar Energy Limited (an Oil & Gas Gas Exploration & Production company which also owns Firstdrill*).

Over the past year MPC's focus has been on the review and evaluation of some of the numerous opportunities which they had already identified. MPC was created in order to secure a position in Iraq through bidding on both oil service contracts and exploration and production opportunities. MPC has been successful in advancing high level discussions with officials at the Iraqi Ministry of Oil. Ramco believes
there are near-term opportunities arising in the provision of oil services to the Iraqi Ministry of Oil and its operating entities. Both Ramco and Firstdrill*, a sister company of Ramco's co-investor Midmar, have extensive experience in the oil services sector in addition to the expertise that both Ramco and Midmar have in exploration and production.

Ramco have already submitted tenders for various oil service contracts in Iraq.. and news should be forthcoming on these contracts very soon. Just one such service contract could transform the company.

Ramco sees the way into Iraq through the provision of oil services, specifically drilling wells. There is a huge imperative to move Iraq production from 2m to 4m and then 6 million barrels per day. This is all about first mover advantage and being in early. Getting equipment into Iraq and working would give us a huge strategic advantage. Lots of uncertainties remain however but Ramco know where they are going. Bids were due before the year end and bid awards should be in the first quarter of 2008.


* Firstdrill is a leading UK well engineering project management company, which provides operating oil companies with best in class drilling, well engineering and field management services. Firstdrill has successfully managed exploration and development drilling, work-over and well intervention projects both onshore and offshore, often in remote locations. Through the common management of the Firstdrill and Midmar Group, Midmar is very fortunate in being able to utilise in-house Firstdrill
personnel and their innovative engineering expertise thus it is able to approach exploration in a unique and exclusive manner.

The following article in the highly respected Energy Press and Journal will give you an idea what MPC are upto. The article was published in December 06 - showing Ramco and Midmar (aka MPC) have been active in Iraq for a while - but kept a low profile unlike other companies that have been shouting about it for yonks.

http://mag1.olivesoftware.com/am/welcome/ENRM/Energy-12-2006.asp

(Page 2)


Remp and Redman team up for bold Iraq adventure

TWO well known upstream entrepreneurs, Steve Remp of Ramco and veteran driller Peter Redman of Midmar, have teamed up for a pioneering odyssey in Iraq through newly created Mesopotamia Petroleum Development, writes Jeremy Cresswell.

If they realise their dream of producing oil & gas in the wartorn Middle East state, then this pilot could open the door to the huge energy capability resident in Scotland to participate in the re covery of Iraq’s hug e petroleum industry.

Energy was given exclusive access to a delegation of senior officials from Iraq’s energy ministry when they visited Ramco in Aberdeen, week beginning November 20 and prior to meeting with Redman, also companies such as Abbot Group unit KCA Deutag and seismic specialist Veritas.

We were told of a desperate shortage of all key oilfield goods and services, with a particular need to restart a drilling programme – especially deep wells and horizontal/high-angle wells. Another vital need is a thorough mapping of Iraq’s vast resources, a process that was started but never completed. And it’s not just basic 2D, but 3D, too.

It was clear from the conversation that the Iraqis want to engage with companies perceived as politically non-threatening. They had obviously had their fill of the majors, though the US-led carve-up of the state’s resources may frustrate their ambition to be highly selective.

But why are Remp and Redman setting out on such a tough adventure at this time?

Remp’s answer was simple: “Because it’s there and because no one else has yet been able to crack it.

“Peter and I do fully understand the context; we have our eyes open. There’s no question that, at some point, the situation will ease and Iraq will once again become a major producer. The potential is beyond anything that most people can understand. We’ve already made a remarkable amount of progress and the Iraqis seem to hold us in high regard.

“With support from the British Government, we have entered a dialogue with the oil minister in Baghdad and we have just hosted a senior delegation that came exclusively to meet Mesopotamia in order to evaluate whether we might be a company of choice for them in the future.

“It was a very productive week. We focused on sharing with them the many new upstream technologies that have been developed over the last five to 10 years.

“Importantly, these guys have not had contact with Western companies and technologies since the Gulf War, so this was a major breakthrough for them to learn what is going on and what might become relevant in due course.

“Notwithstanding the dire political situation, we’re engaged with the ministry (in Baghdad) in trying to identify a pilot project … a multi-fields development contract that would allow Mesopotamia an early start.”

A number of candidate fields have been identified and talks have started.

Mesopotamia Petroleum Development reflects an aspect of Iraq’s ancient history. Partners in the company are Remp, Red man and Robert Abel-Smith, a Brit who has engaged with Iraq over many years.

In many ways, Remp and Redman are ideal for the task. They have worked together in the past and are driven adventurers.

Remp has a place in the history of the Great Caspian Oil Game as he pioneered the return of Western companies to the region during the post-Soviet era, which was a deeply uncertain time in local political terms. He also carved out a position in Adriatic state Montenegro during a time of war.

After Ramco’s difficult Irish venture with the disappointing Seven Heads project and a protracted, but ultimately successful, battle in the US courts over an alleged breach of contract, Remp has returned to what he is regarded as best at – trailblazing.

“We’ve gone back to our roots,” he said.

Charles great post. buy in while you can

Buy in now Ready For Take off 24p - 44p in two weeks

your missing out