Guys, I've been watching this for a while and like renova, watched too long whilst it got away. I've jumped in on RHEP though(at a premium nms is only 3k).

Anyway they supply chemicals and technical services to the mining and oil services industry, they are already making a profit and roughly are about 20 p/e but expecting to grow dramatically as they move into the downstream supply of chemical and services as well, so in theory they could be due a full rerating, they had traded as high as 20p last year so am expecting a recovery to that level and with further deals a push up to 30p, as ever dyor, the market seems tight on the shares so be prepared to but a premium, I did, note only a small amount, see how we go.

annie Athena should have a greater impact on RHEP which has a market cap >30m wheras IAE has a market cap >220m. IAE has a number of other interests in producing oilfields with its share of production exceeding 3000bopd, RHEP's other interests are mainly in supplying drilling fluids. Athena is not expected to start producing before the fourth quarter 2011.

surely you guys aren't into this amoeba stock hali

cynic have been in and currently out with a useful profit, don't knock amoeba's remember your origin.

H: Thanks for your thoughts and information. This time next year it may just have multiplied !

Very interesting RNS this morning !!!

RNS confirms sale of drilling fluids business, now they can concentrate on exploiting their North Sea assets.