The Lamprell Group has played an important role in the development of the offshore industry in the Arabian Gulf for over 30 years, providing increasingly specialised services to the offshore oil industry. Lamprell is managed by British nationals, with its corporate headquarters in Sharjah, one of the United Arab Emirates, Lamprell operates a full service jackup rig refurbishment facility in Sharjah and a modern, well equipped fabrication facility in Jebel Ali Free Zone, Dubai.

Lamprell located in the most important oil and gas region in the world, in one of the key commercial centres in the UAE.

Lamprell has its own core skilled and experienced workforce as well as access to additional skilled labour from the local labour supply market.


AIM Rule 26 Disclosure

This, in addition to the Group�s safety focused culture and experienced project management skills, helps to ensure customer satisfaction is maximised whilst risks are reduced.

Lamprell has built up its strong market position by offering a differentiated service to its clients based on safe working practices and completing projects on time, on budget and to a high quality. Accordingly, we believe that the Company has established a position of sustainable competitive advantage in the region.

currently very unlikely i would have thought
i think it was actually 5 warnings!!

Looks like all the dirty washing is 'known' - Trading update 21st 31st Jan.

You mean 21st of feb?.

No it was last month.

Similar scenario on CIU.

Sorry I meant 31st January.

Future announcements

Lamprell will announce its financial results for the year ended 31 December 2012 on Thursday 21 March 2013. There will be an analyst presentation held at M:Communications, 11th Floor, Citypoint, 1 Ropemaker Street, London, EC2Y 9AW at 09:00 AM (UK time).

Dont trust cape management anymore.

Looking at LAM tho.

Placed LAM on red hot watch list that chart is too good not to take notice of.

Just worried Im over exposed if Obama or another chump in the US says the wrong thing in the next couple of weeks.

I'd be more worried about this guy!

Skinny....quick PIC breaking out.....unbelievable tight spread.

Skinny....quick PIC breaking out.....unbelievable tight spread.

i'm sure my wife will understand a tight spread, but would not be happy about the PIC

GF - yes thanks.

cynic :-)

Delivery of Windcarrier 2

DELIVERY OF WINDCARRIER 2, "BOLD TERN", TO FRED OLSEN WINDCARRIER


Lamprell (ticker: LAM), a leading provider of diversified engineering and contracting services to the onshore and offshore oil & gas and renewables industry, is pleased to announce the successful completion of construction of the wind turbine installation vessel, Windcarrier 2 "Bold Tern". Having resolved all outstanding commercial issues, Lamprell has made delivery of the vessel to the client, Fred Olsen.

Completion and delivery of the vessel, five months after the delivery of its sister vessel, the Windcarrier 1 "Brave Tern", was marked with a ceremony at Lamprell's Jebel Ali facility in the UAE on 19 January, attended by members of the Olsen family and senior executives from Fred Olsen and Lamprell. The vessel will depart to its operating location in the North Sea later this week.

With this delivery, the Group has now completed a total of five new build offshore wind turbine installation vessels with a sixth vessel currently under construction. Aside from the two Fred Olsen vessels, three others were delivered to Seajacks with one more, the "Hydra", under construction.

Final Results 21st March.

Arrival of new CEO

Lamprell (ticker: LAM), a leading provider of diversified engineering and contracting services to the onshore and offshore oil & gas and renewable energy industries, announces that, further to its announcement of 3 December 2012, James Moffat has now taken up his role as Chief Executive Officer (CEO) for the Group.

Peter Whitbread, who has been acting in the role of Interim CEO since October 2012, will continue to sit on the Board of Lamprell. Mr Whitbread will also be supporting Mr Moffat in an executive capacity, to ensure a smooth transition to the new management.


John Kennedy, Chairman, Lamprell, commented:

"I would like to welcome Mr Moffat into the Group and I look forward to working closely with him as we re-position the Company for renewed growth and profitability. We have made significant progress over the last six months, focusing on our core strengths, and we are keen to continue the great work undertaken by Mr Whitbread since his appointment. I would also like to take the opportunity to thank Mr Whitbread for his efforts and I am pleased that he has agreed to stay on and help with the process for rebuilding the business."


- Ends -

Staring to tick up.

There is sizes but sure not that large as the one above is any good to look into it
On the bounce

141.25p +3.25p

After yesterday's sharp drop at one time, today is following the late yesterday's bounce back

Breaking 143p intraday high of a couple days ago, we could be looking for 150p soon

Looks like that the intraday high of a couple days a go is broken with today close 144.50p so no stoping now for the 150p