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.

no no no .... the men in white coats are the medics with a straight-jacket for you, not Klu Klux Klan

A little bird has told me...he is coming for you

true islam is a most accommodating and tolerant religion, even encouraging the education of women ...... it is only the fundamentalist mob who have hijacked the "real word" and distorted it to suit their own (political) ends

Wise words from cynic as usual. We all know you are very religious and read the Quran and also sometimes extremely vulgar and corrupt (see BARC thread)

It seems is not only a LIAR but as a good "cynic" lets his tonge go wild and then blame the others and start early on the morning, sign of getting out of bed on the wrong side they say.

Conclution
BARSTERWARD of a funny origin and more yet funny religion what do you expect.
A GRASS and do not forget a STALKER aswell
Glad to exposed such a person

For the record from the BARC thread...........

cynic - 25 Mar 2013 20:07 - 1134 of 1138
hyleo - am i not correct in thinking that you regularly shout SELL, SELL, SELL from the rooftops but lack the balls ever to stick money in your gaping orifice?

hlyeo98 - 26 Mar 2013 08:29 - 1135 of 1138
Are u saying BARC a buy then?
I think you are the most vulgar and uncivilized person on this forum.
Certainly tells a story of your upbringing.

cynic - 26 Mar 2013 08:35 - 1136 of 1138
no - i'm neutral on banks ..... and just because you don't like what i write does not make me uncivilised (please learn to spell in the english manner!) ..... btw, i assume that what i wrote above was absolutely true, for assuredly you do not dispute that i reckon you're all mouth

hlyeo98 - 26 Mar 2013 08:44 - 1137 of 1138
It does not concern you whether I buy or sell?
And you are forever sitting on fences with your neutral opinions.

cynic - 26 Mar 2013 08:50 - 1138 of 1138
not at all ..... i have a trading portfolio which is currently 16 strong; sometimes it's a bit bigger and sometimes a little less and i keep an watch on about 40/50 stocks/indices

however, and i'm more than happy to repeat, you're all mouth and trousers

you two are very lucky .... you are so compatible, you can ride into the sunset holding hands .... enjoy enjoy!

to me, combined you are less irritating than a single gnat's bite .... indeed, merely a couple of risible poltroons

Did any one else apart from that apparent wife of yours ... that you have answers for anything, that is the reason for her to keep you away from home.

re - you two are very lucky .... you are so compatible,

Is better to be compatible with someone I do not know, that live with someone that makes you sleep on the spare room and ...........

...a little bird told me, that you went back to the house the other day ( forgot the glasses - thick like the bottom of a drinking glass) she (wife ) was already having tea with someone else and explaning what a relive it was when you are away.

Viva la vida ( a mexican will say ) but not the way you live yours

Word of Wisdom: "The early bird may get the worm, but the second mouse gets the cheese."


just found out is wanted also

RSI turned up - looking for another assault on 150.

DIRECTORATE CHANGES

Finally on the move.

nearly 4x usual volume ...... worth watching as no news out

Q1 Interim Management Statement this Friday 17th.

Mind the gap - 12 month high @181.25p

Interim Management Statement

The performance in the year to date has been in line with management expectations and, after the events of the previous year, we have made an encouraging start to 2013.

Financial

Overall, the Group's financial position remains stable and working capital continues to be in a healthy position. The Group's immediate priority is to complete its discussions with its key lending banks in order to restructure its debt facilities and agree revised covenants on a long term basis. These discussions are now in an advanced stage and the Company remains on track to complete the process by 30 June 2013. We will update the market in due course.

Operational update

From an operating perspective, Lamprell is focussing on its core competencies and on maintaining high standards of safety and quality. The various major engineering, procurement and construction projects currently under way in each of Lamprell's three large facilities in Hamriyah, Sharjah and Jebel Ali (all in the United Arab Emirates) are progressing according to plan.

Lamprell has a pre-eminent position and well-established track record in rig refurbishment projects in the Middle East. In the year to date, the Company has worked on a total of 11 jackup rigs, two of them in our Hamriyah facility and nine in our Sharjah facility, covering the full range of its repair, upgrade and refurbishment services.

In February 2013, a new contract was awarded to Lamprell by the Jindal group, a key existing customer for the Group, for the construction and delivery of a LeTourneau designed, self-elevating Mobile Offshore Drilling Platform of a Super 116E (Enhanced) Class design. The contract also includes an option for Jindal to order a second jackup rig.

Also in February 2013, Lamprell successfully delivered the wind turbine installation vessel, Windcarrier 2 "Bold Tern" to the client, Fred Olsen.

Our safety statistics for the year to date continue to show improvements on those for 2012. The Group will strive to build on those improvements throughout the rest of 2013 and will provide details at the time of announcement of the 1H financial statements.

Corporate

There have been key changes to the management team with James Moffat joining as the new Chief Executive Officer (CEO) on 1 March 2013 and with Frank Nelson being confirmed as Chief Financial Officer in late March. Mr Moffat and Mr Nelson have both been appointed as executive directors on the Board. Peter Whitbread (the former interim CEO) continues on the Board in an executive role. The Group has also recruited Niall O'Connell as the new VP Projects in order to strengthen the Group's project management structure.

The Board has progressed well with the recent appointments of Michael Press, John Malcolm and Ellis Armstrong as new independent Non-executive Directors effective as from 27 May 2013. As announced previously, Deena Mattar, Colin Goodall and Jonathan Silver have decided to retire from the Board of the Company effective from the end of the upcoming Annual General Meeting.

In late March, the Company confirmed that it had 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. The Company made provision for the settlement in the 2012 accounts.

Outlook

The Group maintains a substantial order book extending to Q1 2015 which at the end of April 2013 was US$1.2 billion. The Group's bid pipeline at the end of April was in the order of US$4 billion, which is viewed positively against the backdrop of a robust industry landscape.

In light of the above, the Board believes that the Company is well placed to achieve its primary goal of refocusing on Lamprell's core business and accordingly the Board reiterates its earlier guidance for 2013. In the longer term, this will enable the Group to develop its competitive advantage which historically has been founded on high quality of workmanship and timely execution for those types of projects.


- Ends -

I will be in Abu Dhabi in early november. I might knock on their door and have a quick look round to see if all is well!

I guess no news is good news!

What do you reckon to that gap being filled sometime soon skinny? Might be worth a little dabble as there doesn't seem to be any bad news to spook the stock this time.

I'm cautiously optimistic - I bought in the 130's in Feb.

Nice one! So either way you are in profit. Filling the gap would just be cheshire cat territory!

Hopefully Harry - its been a good period for 'filled gaps' with TCG & CIU both doing just that in past few months.