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%

*** New Thread ***
Comments gratefully received.

Can we have a chart in the header please?

Andy
There you go - ok?

Great initial summary Owl, for those new to the company.

The owl,

Thanks.

Thanks Owl let's hope higher profile, new name the only way is up!!

Owl

Absolutely fantastic - You are my hero!!!!!!!

Cheers all.
PMH up 34% Friday on 15k volume.
Sterling down - estimates down to 1.60 by spring.
If so, recent $3.6m PMH orders (announced at /$ 1.90) may be worth 360k more @1.60! when consolidated into GME by Mch 06.

Global Marine Energy PLC
21 November 2005



Global Marine Energy plc
(formerly MOS International plc)

PMH wins US$600,000 Brazilian Order

Global Marine Energy plc, ('GME'), the oilfield services business, announces
that its US-based subsidiary, Patriot Mechanical Handling Inc, ('PMH') has been
awarded a contract to supply a Test Stump Deployment System, Guideline Winches
and a Fingerboard to Star International, for delivery to Queiroz Galvao
Perfuracoes S.A. ('QGP'). The equipment is to be installed on the upgraded QGP
Offshore Semi-submersibles Atlantic Star and Alaskan Star.

The value of the order is in excess of US$600,000 with delivery scheduled over
two months during the 1st quarter of 2006.

Paul Findlay, President and CEO of PMH, commented:

'We are confident of continuing to secure orders from Brazil and throughout
Latin America, so have therefore increased our presence in the region with the
appointment of a regional manager, Mr. Robert Shinfield, who will head up our
operations in South America. His first task has been to open a regional office
in Macae, Brazil, which is nearing completion.

'The appointment shows our commitment to developing a significant presence in a
growth market.'

Philip Wood, Chairman, Global Marine Energy stated:

'The success we are achieving in South America following the Board's decision to
expand MOS's sales offices into new territories, previously served from the UK,
will hopefully be replicated in the other regions. As a result of increasing the
number of personnel on the ground, we now are seeing a steady increase in
business from these areas.'

There ya go - good things already...lots more to come.
As a bonus, order will get into 2006 accounts.

New staff in Brazil, so must be confident.
Perhaps he could hunt down an IDC jv type project?

We're in the top 15 risers despite people generally unable to buy online today!!

3 things needed to get above 1p (IMO) by Christmas:

1. Financing secured
2. Interim results PROOF t/over clearly on track for "...in excess of 10M...", plus what it is now (actual since Mch05), and likelihood of profit in 06.
3. LGB reinstated & funds proved available to reignite IDC jv potential.

After these, further orders a bonus...

Would be good to see a little pre-Christmas rise like we saw in September

Next GME accounts are to 31/10 (Not 30/9) so probably see them end Jan (as of yesterday had not set a date).

Great news as will then have 7months t/over+profit!! to report, plus projections to end Apr 06.

One day the market will wake up to GME & PMH!! (see below)

Note bit about meeting expectations AFTER order has been delivered, and programme features companies with "limitless potential" shown to 69 Million viewers in January 2006.

http://www.otcbb.com/asp/quote_module.asp?qm_symbol=PMHH&symbol=PMHH

It's all about cash and IMO now might be the time to do some "bottom fishing"

Whoops !!

Agree Partridge - just 'bottom fished' 550k @ 0.22.

A few facts on this dire day:

1)The placing was heavily oversubscribed but institutions were playing hardball hence the ridiculous price.

2) Major well known institutions have taken part in the placing - note not just one, not just MD barnard. You'll see details of these in next few days. It means they must know they'll be able to sell in the future.

3) Though PW is now cost averaged at 0.25p or so - assuming loan conversion is approved (annoyingly substantially below most of us!), he could still have kept loan in place. Clearly he see's above 0.28p within a year or will loose 1/2M!

4) The meeting will be before Jan 1st

5) PMH/GME split was 50/50 at results - it's changed substantially in Patriot's favour BUT NIM are still winning lots of work. Read in that what you will.

6) The additional funding sources (i.e beyond LGB) are to be available should LGB not come back (there are 2 other offers). This is important because it means there was substance to the IDC RNS after all, and could be news.

Crumbs of comfort I know...but it will be a different story in a few months time - maybe even as soon as the interims.

ps I wanted 2M, but couldn't get 3,500 through on my card for some reason!

Buyers falling over themselves, looking good

LONDON (AFX) - Global Marine Energy PLC, formerly MOS International PLC, is raising 4.75 mln stg in a placing of 2.795 mln new shares at 0.17p each.

The oilfield services company is also converting chairman Philip Wood's 300,000 stg loan, plus accrued interest, into 177,268,332 new shares at the placing price of 0.17p per share.

The capital raised will provide additional funds to help service existing contracts, meet certain existing liabilities and placing expenses and provide working capital, Global Marine said.