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.

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! :-)

but this is still less than 1/2 of all time highs, but even ignoring that, i wonder if perhaps 180 is a realistic short-term target - or is it already too far too fast? .... hmm!

I'm hoping for 175-180, trading statement next month I believe and if we reach that level before then, will certainly sell some.

Not great volume which is a bit disconcerting.

have taken my profit at 159.25 as market is looking to take a breather

New 3+ month high 163.50p

did someone panic this morning?
MMs got their reward on marking down the stock early on the morning cheap stock on their books, finished at best of the day 164.75p

I think it will uncross higher than 164.75p.

On edit UT @165.75p

hardly a panic ... i had a good profit and reckoned the market would consolidate .... never ever forget that no one ever went broke taking a profit and i'm more than happy .... i may or may not buy back in in due course

Delivery of Caspian Sea rig

DELIVERY OF CASPIAN SEA JACKUP RIG


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 successfully completed and delivered the first of two Caspian Sea jackup rigs to the client, marking another significant milestone for the Group. The rig has now been delivered to the client and was recently towed out from the Astrakhan re-assembly yard to commence operations on its first contract elsewhere in the Caspian Sea.

The Group is making good progress in relation to the on-going second Caspian Sea project, which is already well under way and is expected to be delivered in Q4 2014. The first two module shipments have already been transferred from the Group's facility in Hamriyah to the Astrakhan yard as planned and on time.



James Moffat, Chief Executive Officer, Lamprell, said:

"We are pleased to have completed construction on the first of two jackup rigs for use in the Caspian Sea region and to have delivered it to our client meeting our usual high build quality. The project has been highly complex as a result of the new approach for delivery, with modular fabrication, assembly and disassembly being undertaken in the Group's Hamriyah facility, transfer to the Caspian Sea region and then re-assembly in a yard in Astrakhan. The successful delivery has only been possible as a result of the dedication and the close collaboration of Lamprell and the client teams."


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