With the oil and gas industry on the upturn (I work in it)... OHM are set to do well as a company. They already have some major Oil co's sniffing around their main product which is Controlled Source Electro Magnetic Imaging (CSEMI).
Also on RHPS buy list.

Offshore Hydrocarbon Mapping plc (OHM) provides electromagnetic (EM) surveying and data interpretation services to the offshore oil industry. EM has been used for many years by research scientists to examine hydrothermal and volcanic systems on mid ocean ridges. OHM has developed the technique further to make it into a new and potent tool in hydrocarbon exploration and reservoir assessment.

Based in Aberdeen, Scotland they serve clients from around the globe in offshore locations in several continents.

More at: http://www.ohmsurveys.com/

LONDON (Thomson Financial) - Offshore Hydrocarbon Mapping Plc. said it expects full-year revenues in the range from 10.6 million to 11.0 million pounds and the annual pretax loss in the 9.0 million to 9.3 million pounds range, adding that the delay in the announcement of the Norwegian 20th Licensing Round is likely to move some expected sales to fiscal year 2009.

The provider of remote electromagnetic sensing services added it expects to report second-half revenues in the range of 5.9 million pounds to 6.3 million with a pretax loss in the range of 5.0 million pounds to 5.3 million for the six months to August 31.

The company said difficult trading conditions have continued with demand for surveys remaining at a relatively low level but added that Data Library sales have made a strong contribution in the second half.

Offshore Hydrocarbon also said it has more than 8 million pounds in cash and no debt as at August 31. The company added it is actively reviewing a number of other data library opportunities and will proceed with each when its pre-funding meets the company's internal requirements.

The group said it will release final results on November 25.

Another disaster chart

Agreed, if it wasn't for the potential "bid" - propbably management - although it could be an Oilco that thinks it's cheaper to buy-out the greedy execs, rather than pay them for the technology.
However, with Oil-price set to fall in the short-term and money being tight, why bid? This is likley to fail soon enough.
Of course a CONsolidation might restore the sp from 7p low yesterday, say to 70p might make this Management look less foolish.
Always was too expensive for me. Was 2.30 a year ago, currently 13p (on bid RNS)

Offshore Hydrocarbon Mapping plc presents its preliminary results for the year ended 31 August 2008.

Commenting on the results Executive Chairman, Dave Pratt, said:

'Controlled Source ElectroMagnetic (CSEM) surveying is a demonstrably value adding offshore exploration technology, especially when integrated with seismic and other geophysical data. A year ago we believed that CSEM had become a mainstream exploration tool and invested in additional crews, equipment and a second long term charter. Shareholders will therefore share our disappointment that utilisation of our CSEM acquisition crews and industry adoption of the technology slowed dramatically during 2008. Regrettably, this has led to reduced revenues of 10.8 million and increased pre tax losses of 8.7 million for the twelve months ended 31 August 2008.

'At the end of fiscal year 2008 we had cash in hand of over 8 million, however we will, during 2009, require significantly increased revenues and /or a further fundraising to get through this current difficult period. The position of the capital markets may make a fundraising difficult or overly dilutive and in addition to reducing costs wherever possible the Board is considering all options to ensure OHM's continued viability.

Impossible to buy any on-line..!

Not many shares rise 90% in one day do they.

Worth buying at 7p considering they were 300p a year back.

mitzy this is a loss making company predicting a half year loss of 5.8m on sales of 6.1m why do you think they are worth buying?

A gamble for me halifax with a small punt.

mitzy do you mean a coracle rather than a punt?

could be halifax.

Large volume today.

Up 50% so far this am.

Rising almost vertically lets see how it finishes.

I bought a few of these near the end, kind of think we're going to see these run and run for a few days. Tiny market cap backed up with plenty of cash, little stock around so expect fireworks on a decent general market day.

Hi kate.. I bought last week on the big 90% rise and have since added more I reckon they could reach 18p by Friday.

Another 25% rise in first 10 mins.

I think it would be a sell now if you are in profit. It is a spike.

Still a hold for me 18p a possibility..