Now that we all know what the prospects for MOS are i.e. damn good, thought I'd get a new thread going and just highlight MOS' attractions for any new investors.

Key highlights:

* Significant progress made, rationalisation programme almost complete

* Acquisitions integrated well

* International marketing network established

* Record order books, enquiry levels high, several new customers won

* Recent Director buys

From the Chairman's statement:

Outlook

Over the past year the management team has extended the product range, put in
place in-house manufacturing, rationalised the existing business and greatly
expanded the marketing effort, opening up significant new markets to MOS
products. Once the acquisitions have been fully integrated MOS will offer a
wider product range to a broader market and have a much reduced cost base. We
have record order books, we have attracted major new customers and we are
targeting new markets, worldwide. Overall, we have made good progress and the
outlook remains extremely positive.

Trading Update

MOS International PLC ('MOS'), the oilfield services company, announces that
trading is in line with market expectations. TURNOVER FOR THE YEAR TO 31st MARCH 2005 IS EXPECTED TO BE CIRCA 10M COMPARED WITH 1.05M IN THE YEAR TO 31st MARCH 2004.

MOS currently has an order book in excess of 7m for delivery prior to the year
end.

The recent acquisitions have integrated well, the rationalisation programme at
MOS is almost complete and that at Ansell Jones will be completed in this
financial year.

Tender and enquiry levels remain high and the Board is positive regarding the
future. Significant progress has been made and the business is well on the road
to recovery, with turnover forecast to show a further considerable increase, in
the next financial year.

On a turnover of 10million with a profit of say 1million, this company is on a P/E ratio of just 8 (market cap being around 8million at present). This company has been overlooked by the institutions and investors alike and is due a big re-rating soon IMHO. DYOR as usual.

Chad.

:) Maybe - in this till 2006/2007 after all. Any particular incentives that might just swing it ?

Scotland Targets Gbp 130m Rig Work
by John Ross The Scotsman Monday, November 14, 2005


UK OIL yards could compete for GBP 130 million of North Sea rig inspection, repair and maintenance (IRM) work over the next three to five years, according to a new report.

The overall market is said to be potentially worth GBP 250m, with opportunities arising primarily for facilities in the Cromarty Firth and north-east, and the east of England.

The study, commissioned by the Department of Trade and Industry
and Highlands and Islands Enterprise (HIE), reviewed the IRM sector for mobile drilling units in the North Sea to forecast future business opportunities for supply chain companies providing specialist services, such as engineering, blasting, cleaning, certification and logistics.

Authors Jim Black and Stephen Kerr, of Inverness-based Avayl Engineering, said: "An estimated GBP 250m per annum is forecast to be spent on all relevant vessels based in north-west Europe. Whilst it is likely that a proportion will be spent at yards across Europe, UK yards can expect to compete for a significant share of this work, perhaps up to GBP 130m per annum.

"Although relatively small in terms of expenditure in other oil and gas market segments, this could play a significant role in safeguarding employment and continued operation of several strategic UK facilities that have suffered from the significant decline in oil and gas fabrication in recent years."

The report recommends the appointment of a senior industry liaison consultant to improve two-way communications between the local supply chain and target IRM decision makers and developing better intelligence by keeping an up-to-date database on rig surveys.

It also suggests improving co-ordination among suppliers and investigating joint venture contracting to encourage the development of long-term relationships with rig owners.

In recent years the UK rig IRM market share is estimated to be less than 10 per cent on average, but the report says opportunity exists to significantly increase that percentage.

Dutch facilities are ranked highest in rig repair, with Norwegian, Polish and Danish yards generally ranked higher than UK facilities.

Invergordon is ranked highest in the UK despite having no dry dock capability, followed by Peterhead and Nigg.

It says a Cromarty Firth joint venture bid could offer the best opportunity to establish a credible alternative to other European contractors.

Owl

The incentive is the 2p party, it'll be a wild one!!!! So you'd better get this moving up to 2p as soon as possible cos at the moment this sp is moving south quicker than I am!!!

:

Things starting to look extremely good...

Hard to get stock today. 220k max size to buy
Can sell 2M @0.31 on 0.30-0.32 spread. Stock seems locked.

Keeping our spirits up Owl! 0.32 seems so cheap.

Surely buying at these prices means you could double your money in a couple of months???? Christmas bonus time next week so will buy some more then.

It does, Chrissie. I've bought loads extra this week!

Goodbye MOI, hello GME!

http://www.gmeplc.com/

MOS International PLC
18 November 2005



MOS International plc

Change of Name
to
Global Marine Energy plc

MOS International plc, ('MOS'), the oilfield services business, announces that
pursuant to the resolution passed at the Company's annual general meeting held
on 24 October 2005, the Company has changed its name to Global Marine Energy
plc.

In addition the Company has amended its EPIC code to GME. This change will take
effect from Monday.




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

Have a great weekend all. Lots of great news to come before Christmas.

DOUBLE???

THREAD SUGGESTED CLOSED

The story continues on GME.

GME tomorrow then.