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.

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

Yes its starting to look good - 200ma on the rise.

Tick Tick.

Settlement of FSA Investigation

SETTLEMENT OF FSA INVESTIGATION


Lamprell (ticker: LAM), a leading provider of diversified engineering and contracting services to the onshore and offshore oil & gas and renewable energy industries, confirms that it has concluded a settlement with the Financial Services Authority ("FSA") in relation to the FSA's investigation into the Company's handling of inside information, as previously announced to the market.

As a result, the FSA has found that Lamprell breached Listing Principle 2, DTR 1.3.4R, DTR 2.2.1 and LR 9 Annex 1 (R). The FSA has ruled that there were deficiencies in Lamprell's systems and controls which meant that it could not adequately assess its financial performance against budget and against market expectations as accurately as it ought to have been able to do. Consequently, Lamprell failed to inform the market of its deteriorating financial position in a timely manner.

In calculating a penalty to be applied for these breaches, the FSA has adopted a methodology using a percentage of market capitalisation as part of the five step framework in the current FSA penalty regime. This methodology sets a precedent going forward for similar breaches by listed companies and is expected to increase significantly the level of financial penalties for these types of breaches (compared to the penalty levels under the previous regime). Based on this, the FSA has imposed a fine of £2,428,300 on Lamprell (after being discounted by 30% pursuant to the stage 1 early settlement discount scheme).

The FSA took into account, among other things, the following in determining the penalty imposed on Lamprell:

· There was no deliberate or reckless behaviour by Lamprell.
· Lamprell has provided significant and extensive cooperation throughout the course of the FSA's investigation.
· Lamprell accepted from the outset that certain deficiencies had existed in its relevant systems and controls and has made significant efforts to remedy the problems, including the appointment of an experienced management team, improved financial reporting processes and project controls, a robust financial forecasting model and staff utilisation reporting.

Throughout this process, the Lamprell Board has treated this matter with the utmost seriousness and has been determined to strengthen the Company's internal systems, controls and financial reporting processes.


John Kennedy, Non-executive Chairman for Lamprell, commented:

"The Board recognised that it was in the best interests of the Company to accept the position reached with the FSA, so as to avoid incurring significant additional expenses and expending the further time that would be required to pursue the matter. This settlement draws a line under the investigation by the FSA and the matters to which it relates. The Board and management can now exclusively focus their attention on more constructive matters and on upcoming opportunities, with a view to developing and growing the Company further."


- Ends -

Share price ready for an push to the 150p



for the future ....394

you can try to have what you have not got

but you do not need to try, you got plenty of nastiness may I say ( keep it for you cold stable family ), so I will allways have an answer and put you down like a DOG you are.

try to read back, try to remember, you suppose to learn from your old suffering life, do not try to give hard time to posters here.

stop hidding yourself under mama's shirt and go complaning to MAM.

You have been a GRASS all your bl@dy life.