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.

Alf, whats you opinion of the oil sector in general short/medium/long term?

The bounce continues....

Stan - in honesty, i'm not sure in the short term ..... opec (aka saudi) can happily live with low crude prices (forget the quality of the crude) and would be happy to see marginal shale oil/gas producers put to the sword ..... i don't think the saudis have much love for the russians either, and they too will be adversely affected

nevertheless, i recollect that the saudi budget is based on crude prices of $85, and though their (cash) reserves are massive, even they won't be too happy (i guess) to see crude significantly below that level for long

of course, we are also now heading into the winter (high consumption) period, so for sure there will be an increase in usage of both oil and gas for heating - and of course not forgetting the importance of oil and its by-products across the whole chemical process


i'm not sure if that quite answers your question, but i am reluctant to drivel on at length unless specifically asked to do so

PRE-CLOSE TRADING UPDATE

JP Morgan Cazenove Overweight 98.50 180.00 154.00 Reiterates

Not looking great at the moment. Very glad I took a small profit a while ago. Not yet tempted back in and am losing faith in broker recommendations.

Yes agreed!

I can't believe how lucky I was selling when I did - makes a refreshing change!!

.

Gap closed and chart looking up.

Well spotted skinny. Will have do dig around for some spare cash, but looks good.

Results look to be released about end of march, so looking even more attractive up to that date.

Yes - it was the chart that caught my eye and the directors buy - Director/PDMR Shareholding

Another Director purchase of 28,128 shares

Doesn't seem to want to hold above gap. Hoping for another try soon.

it's a generally weak day, and still crude keeps falling
i think the director's purchase, albeit quite small, is worth noting as it must have been just before the closed period cuts in

for obvious reasons, oilies and the support companies have been totally hammered of late, but i concur that crude prices should start to move gently upwards some time during 2015 as supply and demand match up once more

120p seems easily achievable in the near future. Small steps!

Looking good today - CIU news probably helping.

Bought half a shed full over the last couple of days.

Someone has been dumping stock over the last few days presumably because oil price has been on the slide but more importantly it's results tomorrow and they want out.

Chairman has spent a million quid buying into this and I'm in at a price lower than him so I'm happy. Other directors bought recently too.

I bought on that gap closure so am smarting atm.

CIU should help today?