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.

Lets hope LAM's accounting procedures are now above reproach. Good start to the day, up 9%.

Contract Award

Lamprell (ticker: LAM), a leading provider of diversified engineering and contracting services to the onshore and offshore oil & gas and renewable energy industries, is pleased to announce that an international drilling contractor has taken up an option that Lamprell had for a kit for a Super 116E (Enhanced) Class design Mobile Offshore Drilling Platform and has now made a contract award to Lamprell for the construction and delivery of a completely outfitted, LeTourneau designed, jackup rig. Lamprell will fabricate the jackup rig in its Hamriyah facility with expected delivery in Q1 2015.


James Moffat, Chief Executive Officer, Lamprell, said:

"I am delighted to be able to announce this new contract award from a highly valued customer for the construction of a Super 116E jackup rig. Lamprell has a track record for constructing jackup rigs to very high safety and quality standards and we have confidence in our ability to deliver this project as planned. We continue to see a good bid pipeline and are focused on capitalising on the growth opportunities we see in the Group's core markets."



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Contract Award

CONTRACT AWARD FOR MAJOR
REFURBISHMENT PROJECT


Lamprell (ticker: LAM), a leading provider of diversified engineering and contracting services to the onshore and offshore oil & gas and renewable energy industries, is pleased to announce that it has been awarded a major rig refurbishment contract by the Millennium Offshore Services group (MOS). The contract relates to the conversion of the "MOS Frontier," a three-legged Type MLT116C jackup rig, and is valued at approximately US$ 64 million.

The rig is a multi-purpose jackup unit capable of operating in water depths of 300 feet and it will be converted into an accommodation support vessel for the purpose of accommodating 290 personnel. The work on this project will be executed at the Group's Sharjah facility.


James Moffat, Chief Executive Officer, Lamprell, said:

"Lamprell has a well-established track record for undertaking major rig refurbishment projects and so it is pleasing that one of our existing clients has awarded us a new contract for one of the largest refurbishment and conversion projects in our history. Rig refurbishment remains an area of traditional strength for the group and it is encouraging to have been selected by MOS for this high profile project."


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The Pru go above 5% http://www.moneyam.com/action/news/showArticle?id=4671422

Arrival of new CFO

Further to the announcement of 28 August 2013, 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 Joanne Curin has now taken up her role as Chief Financial Officer for the Group and as an executive director on the Board.

As announced previously, Frank Nelson will continue to sit on the Board of Lamprell and to support Ms. Curin until the end of October to ensure a smooth and orderly transition.


John Kennedy, Chairman of Lamprell, commented:

"On behalf of the Board I would like to welcome Jo to Lamprell. She brings a wealth of public company experience and, working closely with CEO Jim Moffat, I am confident that the new team will continue to develop Lamprell's reputation for high build quality, a strong safety record and for working collaboratively with our clients."

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PRUDENTIAL UP STAKE I PAID 144 FOLLOW THE MONEY TARGETS 180 ENDS

Everything seems to have converged. Presumably a clear move in either direction is needed before a bullish or bearish trend is set? Am trying to jump the gun probably, but am looking for a strong bounce up.

Harry - finally looking like it may breach 150p.

i think you may find the larger chart below easier to interpret ..... certainly looks good always assuming the market keeps going north

I prefer the (fork) candle view - looking to add in the morning.

There's still that gap up to c300p to fill! Would also be nice to see the divi reinstated. Not asking much eh? ;o)

Mind the gap.

Added @144.625p

Uncrossed @149 - looking for another try @150p.

Through 150 for now.

indeed ..... got in a little late, but still ...... question is whether it can gain any more traction

Scroders 12 --> 13%

Looking at 160p.

it's already there

It worked then! :-)