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%

Global Marine Energy PLC
22 November 2006



22 November 2006



Global Marine Energy PLC



Trading Update



The Board of Global Marine Energy PLC ('GME' or 'the Group') wishes to update
the market as to its current trading and financial position.



Current trading



Over the last six months Patriot Mechanical Handling, Inc. ('Patriot') has been
successful in winning large orders from new and existing customers which are due
for delivery in the coming financial years. There have however been some losses
from existing legacy contracts that have been completed during the current
financial year. The Board therefore believes that the results of the Group will
be materially below the market's current expectations for the 12 months to 31
March 2007.



Patriot Mechanical Handling, Inc.



There have been some earlier contracts which have resulted in losses in excess
of 1.0 million for Patriot Houston during the period. The Group has conducted
a full review of current contracts and the controls for tendering for them and
will be making a number of alterations to the accounting procedures for Patriot
Houston. In addition, the delay in completing alliances to allow the transfer of
fabrication from the USA and UK to Singapore and Brazil has now been overcome.
This delay, as well as the additional costs of entry into new markets, has
resulted in further costs of around 0.5 million. These alliances are now in
place and current orders are being fabricated where it is most cost effective.



In addition as a result of this review, Patriot is taking a more conservative
view to its forecasting of margins and has reduced its estimated margins on
certain contracts going forward, reducing the margins by almost 1.0 million



Patriot has incurred a number of additional book costs, i.e. non-cash items
totalling c. 0.6 million, for the period which have also contributed to the
Board's view on the Group's position for the year.



The Group also announces today a contract valued in excess of $20 million with
Star International Drilling Ltd., the Brazilian subsidiary of Queiroz Galvao
Perfuracoes S.A., for delivery in 2008/9.



The order from Star International Drilling Ltd. is for one mechanical handling
rig set, including but not limited to: Vertical Racking System, fingerboards,
Iron Roughneck, drillfloor winches, BOP crane and transporter, X-mas tree
carrier, king post deck cranes, riser gantry crane, catwalk machine and derrick.
This equipment will be used in the upgrade of the Olinda Star semi-submersible
that is to be carried out by Keppel FELS Brazil.





NIM Engineering Limited ('NIM')



The Board is satisfied that the new management that came on board in the spring
is settling into its new role well and it looks forward to an improved
performance from the division in the future.



The interim results for the period to 30 September will be published in the
middle of December.



Paul Findlay, Chief Executive, Global Marine Energy PLC stated:



'Although the forecasted figures for the current year are disappointing, we are
confident that the performance of the Group going forward will improve
significantly. The Group now has in place a variety of alliance based
fabrication facilities, a growing order book that will deliver in 2007/8 and
2008/9 and a management team within each subsidiary that will ensure that the
setbacks are not repeated.



'We continue to win significant new orders with new clients, with an additional
US$25 million currently in the final stages of negotiation; we have now in place
cost effective operating systems, we have appointed experienced management teams
to run both operational subsidiaries'.





Enquiries:


Global Marine Energy PLC
Paul Findlay, Group Chief Executive 01274 531 862

Andrew Gibson, Finance Director


Noble & Co
Mark Froggatt 0207 763 2200


Bankside Consultants
Michael Padley / Susan Scott 0207 367 8888







About GME

Headquartered in Shipley, Yorkshire, Global Marine Energy Plc ('GME') is an
oilfield services business with a strong emphasis on supplying equipment for
offshore drilling and exploration. The Group has two subsidiaries: the
Houston-based Patriot Mechanical Handling, Inc. ('Patriot'), where GME has an
82.76% interest, providing comprehensive engineering solutions for mechanical
handling to the offshore oil and gas industry, and the wholly-owned
Newcastle-based NIM Engineering, which provides handling and access equipment to
the engineering, oil and gas and marine industries.





About Queiroz Galvao

Queiroz Galvao is a major Brazilian corporation with operations in
Construction, Real Estate Projects, Concessions, Urban Waste Disposal, Oil and
Gas, Steel Industry, Finance and Farming. Queiroz Galvao started its
activities with conventional drilling rigs in 1981. The growth in this activity
has continued, and today the company owns and operates semi-submersible,
offshore drilling platforms and conventional as well as helitransportable
onshore drilling rigs in remote and hard to reach areas such as the Amazon
region, where the company has three onshore drilling rigs in operation.





For further information, please visit the website,

DOG!

You rang?

Bit of a bummer, instead of 1.94m operating profits we will have 1.16m operating loss to March 2007. Have to wait another year.

RNS suggests they now have in place pricing mechanisms to stop jobs being taken on at a loss. Let's hope so, otherwise they have an awful lot of orders to lose money on.

At least you can buy at a reasonable spread for once!

Checkout Patriot's spread today 29/30c! Never been that close.
Then went to 29/55c after lunch. Very interesting.
Plus a new MM joined the previous 5 on L2. 3 of them on Friday raised their
NMS to 25,000! Never been more than 10,000 before.
Usually heralds an increase in liquidity for the stock, and that MM's expect
further action. With an expanding company (new offices, more & very experiencec staff, huge hike in order book), and under-valued stock expect good things to come.
The other oil companies are on 'buy' ratings. This is still beneath the radar, although with 72% of shares in institutional hands, the media are likely to get hold of it once
the recent increase in order book hits.

Global Marine Energy PLC
27 November 2006


27th November 2006

Global Marine Energy PLC

New orders totalling US$11.6million


Global Marine Energy plc, ('GME' or 'the Group'), the oilfield services
business, announces that its US subsidiary, Patriot Mechanical Handling
('Patriot') has won two orders with a total value of US$11.6 million, from
Keppel FELS Limited in Singapore and Petrobras in Brazil.

The larger US$7.8 million order is for one mechanical handling package, for the
Ensco 8502 ultra-deepwater semisubmersible currently on order to Keppel FELS
Limited from ENSCO International, Inc. The order calls for Patriot to deliver
during 2007/08 a riser gantry crane, marine deck cranes, BOP handling, and tree
handling systems, and to provide training, spare parts and commissioning
services.

The Petrobras order totals US$3.8 million and is for the supply of 2 marine king
post deck cranes for the P-14 platform. Delivery is scheduled for Q4-2007.

Paul Findlay, Group CEO of Global Marine Energy PLC, commented:

'Ensco's decision to chose Patriot to supply the rig package, on this third
newbuild rig of the 8500TMseries, is based on the quality of our equipment and
our levels of service. This is an important relationship for our Company and is
indicative of Patriots' commitment to its customers.

'The order from Petrobras, the world leader in deepwater exploration and
production, further reinforces our presence in the Brazilian market and is a
testament to our ability to meet the demanding technical, safety and delivery
requirements of large operators.

'We will continue to look to build similar strong relationships with other major
drilling contractors.'

ENQUIRIES:

Global Marine Energy plc Tel: 01274 531 862
Paul Findlay, Group Chief Executive

Noble & Company Limited Tel: 0207 763 2200
Mark Froggatt

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


About GME

Headquartered in Shipley, Yorkshire, Global Marine Energy Plc ('GME') is an
oilfield services business with a strong emphasis on supplying equipment for
offshore drilling and exploration. The Company has two subsidiaries: the
Houston-based Patriot Mechanical Handling, Inc. ('Patriot'), where GME has an
82.76% interest, providing comprehensive engineering solutions for mechanical
handling to the offshore oil and gas industry, and the wholly-owned
Newcastle-based NIM Engineering, which provides handling and access equipment to
the engineering, oil and gas and marine industries.

For further information, please visit the website,

www.gmeplc.com

.



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

you reckon they can make any profit on these orders?

Yes. H2 is going to be profitable, but not enough to overcome 3m losses in H1, so translating a 1.94m projected profit into 1.1m end of year. That's the latest, but it's just possible certain events could turn this around.

The costs will be coming down heavily to help this, also all orders are now done to actual specs, because they are "rig packages" or "sets" - rather than tailor made orders.

Excellent sign - this is what we want. More please.

Global Marine Energy PLC
30 November 2006

30 November 2006



Global Marine Energy plc (the 'Company')

Notifiable Interest


The Company announces that it received notification on 29 November 2006 that on
24 November 2006 Cantor Fitzgerald Europe ('Cantor') had an interest in
2,850,000 ordinary shares of 2.5p each in the Company, representing 3.97% of the
issued share capital of the Company.

This represents the entire holding of Cantor in the 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 020 7763 2200

Michael Padley / Susan Scott, Bankside Consultants 0207 367 8888

Owl - moderately encouraging news. In my experience Cantor are aggressive opportunists. So they clearly see the SP rebounding to nearer the 22p mark it recently fell from. But long term holders - no. Watch out for the swerve in the price when they exit on a 36% pre-determined gain from 16 to 22. No criticism implied - it's what they do.

Global Marine Energy PLC
06 December 2006



GLOBAL MARINE ENERGY PLC


Interim Results
For the Period ended 30 September 2006



Global Marine Energy Plc ('GME' or 'the Group'), the oilfield services business,
announces its Interim Results for the period ended 30 September 2006.





Key points of the period:



> Expansion into new territories proving successful; current order book
over 50 m;

> New customers won, enquiry levels high;

> Increase in turnover to 5.7m (4.1m in 2005), in line with forecasts;

> Impact of legacy contracts and additional overheads contributed to
overall loss of 3.9m (0.5m for 2005);

> Balance sheet strengthened following placing raising 3.7 m net of fees;
and

> The Group's cash balance stood at 1.51 m at 30 September with net funds
being 0.9 m.



The Board has committed to undertake a strategic review of the business and the
options open to it to deliver shareholder value.




Paul Findlay, Chief Executive Officer, Global Marine Energy Plc commented:

'It has been an extremely disappointing six months as the cost of sales
throughout the period has been materially affected by losses within certain
legacy contracts completed by Patriot Mechanical Handling and also by the
increased overheads incurred as the Group entered new markets. These are areas
that the Board has addressed and it is confident that the issues contributing to
these losses have been resolved and that the recent contracts won will be
profitable.

'We continue to expand and to win new orders, the order book currently stands at
53.8 million, and enquiry levels remain high. GME is now firmly established in
the world market and we are beginning to prove ourselves as a real alternative
to the industry's majors.

'The Group expects to make a significant profit in the second half of the year
and the Board is optimistic that GME is entering a period of sustained
profitability and wish to thank the shareholders for their patience and
continued support during the implementation of the strategic plan'.

Some 'at's goin on !!!

Global Marine Energy PLC

RNS Number:5667N
Charles Stanley & Co. Ltd.
08 December 2006



FORM 8.3

DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE

(Rule 8.3 of the City Code on Takeovers and Mergers)





1. KEY INFORMATION


Name of person dealing (Note 1) Don Godwin
Company dealt in Global Marine Energy PLC
Class of relevant security to which the Ordinary
dealings being disclosed relate (Note 2)

Date of dealing 7 December 2006






2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE



(a) Interests and short positions (following dealing) in the class of
relevant security dealt in (Note 3)


Long Short


Number Number
(%) (%)

(1) Relevant securities


(2) Derivatives (other than options) 1,450,000
2.02%

(3) Options and agreements to purchase/sell


Total 1,450,000
2.02%




(b) Interests and short positions in relevant securities of the company,
other than the class dealt in (Note 3)


Class of relevant security: Long Short


Number Number
(%) (%)

(1) Relevant securities


(2) Derivatives (other than options)


(3) Options and agreements to purchase/sell


Total







(c) Rights to subscribe (Note 3)


Class of relevant security: Details







3. DEALINGS (Note 4)



(a) Purchases and sales


Purchase/sale Number of securities Price per unit (Note 5)








(b) Derivatives transactions (other than options)


Product name, Long/short (Note 6) Number of securities (Note 7) Price per unit (Note 5)

e.g. CFD


Spot equity / Long 200,000 18.027p

spread bet







(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying


Product name, Writing, selling, Number of securities Exercise Type, e.g. Expiry Option money
purchasing, to which the option American,
e.g. call option varying etc. relates (Note 7) price European etc. date paid/received per
unit (Note 5)





(ii) Exercising


Product name, e.g. call option Number of securities Exercise price per unit (Note 5)






(d) Other Dealings (including new securities) (Note 4)


Nature of transaction (Note 8) Details Price per unit (if applicable) (Note 5)


















4. OTHER INFORMATION



Agreements, arrangements or understandings relating to options or derivatives




Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating
to the voting rights of any relevant securities under any option referred to on this form or relating to the voting
rights or future acquisition or disposal of any relevant securities to which any derivative referred to on this form is
referenced. If none, this should be stated.


None









Is a Supplemental Form 8 attached? (Note 9)
YES




Date of disclosure 8 December 2006

Contact name Robert Howard

Telephone number 020 7953 2154

If a connected EFM, name of offeree/offeror with which connected n/a
If a connected EFM, state nature of connection (Note 10) n/a






Notes



The Notes on Form 8.3 can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk





SUPPLEMENTAL FORM 8





DETAILS OF OPEN POSITIONS

(This form should be attached to Form 8.1, Form 8.1(b)(ii) or Form 8.3, as
appropriate)





OPEN POSITIONS (Note 1)


Product name, Written or Number of securities Exercise price Type, e.g. Expiry date
purchased to which the option or (Note 2) American,
e.g. call option derivative relates European etc.


Spread bet / Purchased 750,000 17.275875p n/a 29 December 2006

spot equity
Spread bet / Purchased 500,000 18.277375p n/a 29 December 2006

spot equity
Spread bet / Purchased 200,000 18.027p n/a 29 December 2006

spot equity



Notes



1. Where there are open option positions or open derivative positions (except
for CFDs), full details should be given. Full details of any existing
agreements to purchase or to sell should also be given on this form.



2. For all prices and other monetary amounts, the currency must be stated.



For details of the Code's dealing disclosure requirements, see Rule 8 and its
Notes which can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk




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

...and what is this doing in the "Takeover Disclosure Panel" in the eod messages Friday at 5:08pm, huh...?? Never a dull moment...lol


OFFEREE: Global Marine Energy Plc
2.5p ordinary ISIN: GB00B0SP6N19 NSI: 71,790,094
OFFEROR: No named offeror

If those 22p spreadbets are due to expire on Dec 29th, they must be expecting movement by 22nd as markets close for Christmas.

"Buy confirmed" on Britishbulls.com

Global Marine Energy PLC
04 January 2007


4 January 2007

Global Marine Energy plc (the "Company")

Notifiable Interest


The Company announces that it received notification on 2 January 2007 that on 28
December 2006 Cantor Fitzgerald Europe ("Cantor") had an interest in 4,950,000
ordinary shares of 2.5p each in the Company, representing 6.90% of the issued
share capital of the Company. This represents the entire holding of Cantor in
the share capital of the Company.

The Company announced on 30 November 2006 that Cantor had an interest in
2,850,000 ordinary shares of 2.5p each in the Company, representing 3.97% 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 020 7763 2200
Michael Padley / Susan Scott, Bankside Consultants 0207 367 8888


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

This Company never ceases to amaze!!!


Global Marine Energy withdraws December statement referring to future profits
AFX


LONDON (AFX) - Global Marine Energy PLC said it is withdrawing a statement it made alongside first half results on December 6 last year in which it referred to future profits.

The group was told by the Panel on Takeovers and Mergers that its statement was, in effect, a profit forecast for the years ending March 31 2007 and beyond. However, Global Marine said it could not issue firm profit forecasts for these periods as there is no certainty of significant profit in the second half and beyond.

The Dec 6 statement had said 'the group expects to make a significant profit in the second half of the year and the board is optimistic that GME is entering a period of sustained profitability...'.

Global explained that for the current year to March 2007 the profile of the current order book is such that a significant proportion of forecast revenue is anticipated to be earned in the final quarter of the current financial year and it is this which it is uncertain of achieving.

In respect of the period beyond the current financial year, the statement '...the Board is optimistic that GME is entering a period of sustained profitability...' is regarded as being ambiguous in relation to the period over which it applies and also to the trading performance of the company during this period, Global continued.

It is also the board's view that it will not be possible to report on this statement in compliance with Rule 28 of the Takeover Code or to make a revised

forecast.



newsdesk@afxnews.com

slm



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The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.



AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited

Keep it there :-)

Survived the week - expect good things soon on this.

Great rise on good volume and very tight spread on Friday 17.50-18.00 but you could sell at 17.63!

News shoudl be coming soon with 3 weeks to go to end of year & Edison report 9/3/07 indicates '...we see order book extending at the year end...'

At last! Got rid of Nim for which they'll save cost - Patriot orders zoom to 63m!!


20 March 2007




GLOBAL MARINE ENERGY PLC

UPDATE ON TRADING AT NIM AND REVIEW OF TRADING AT PATRIOT


Since the release of Global Marine Energy Plc's ('GME' or the 'Group') interim
results on 6 December 2006, NIM Engineering Ltd ('NIM') has suffered a series of
contract slippages and, most recently, the loss of major orders. NIM is now
facing a period of significant operating losses going forward against a total
order book of less than 1 million. Taking account of the short term visibility
of NIM's contracts and the high fixed cost base of its operations, the Board of
GME has decided that it will no longer support NIM. As a consequence, the board
of NIM has today announced that Mazars LLP is in the process of being appointed
as administrator to NIM.


The Group expects that the write-off of the non-cash inter-company creditor
balance with NIM will be in the region of approximately 1.2 million and the
Group estimates that NIM's trading losses have increased by a further
approximately 0.3 million since 6 December 2006. Notwithstanding this non-cash
write-down the Group's cash position as at 31 March 2007 is estimated to be
robust.


In addition, Ansell Jones Paisley Ltd, the access division within NIM, is today
also being placed in administration due to the uncertainty regarding the
company's future commercial viability. There is no additional financial impact
on the Group of this appointment other than outlined above. Ansell Jones Ltd
will remain part of the Group.


These actions have now focused the Group operations on Patriot, its US operating
subsidiary, which has the benefit of its longer term contracts and higher
margins. Patriot continues to trade strongly in line with the Board's
expectations. Furthermore, the forward order book at Patriot now stands at in
excess of US$122 million.


The strategic review announced on 6 December 2006 is continuing and the Board
expects to be in a position to further update shareholders shortly.


Paul Findlay, Chief Executive Officer, Global Marine Energy Plc commented:


'The administration of NIM and Ansell Jones Paisley Ltd is unfortunate but
became necessary as the operations were non-core and were not performing in line
with expectations. These businesses absorbed both management time and cash
which can be better used elsewhere in the business. Patriot continues to expand
rapidly and we can now concentrate all of our energies on driving that business
forward'.


For further information:

Global Marine Energy Plc Tel: 01274 531 862

Paul Findlay CEO

Andrew Gibson Financial Director


Bankside Consultants Tel: 020 7444 4140

Michael Padley/Susan Scott


Noble and Company Limited Tel: 0207 763 2200

John Llewellyn-Lloyd

Matthew Hall



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