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NMS - Neptune Marine Services

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baussie - my comment referred to some mutual friends of ours.

silly ol buggers.

but then again i have 3 daughters - that'd kill anyone.
 
It's interesting looking at the past history of NMS. Can anyone tell me what caused the drop in its shareprice back in 2005 when it went from 1.50 to 75 cents and also in 2006 when it went from 80c to 25c?
 
the drop in 2005 was primarily a realisation that the management was overpromising the possibilities of the nepsys technology, and that major shipping companies like maersk WERE NOT knocking down the door wanting to pay for NMS services. NMS were simply living from job to job, and burning money because the marketing was poor.

the drop in 2006, is open to interpretation - some experienced market watchers can allegedly put it down to the new management wanting to entice new investors, bankers, brokers, fund managers etc into NMS, to provide the $$$ to expand into its present form. to do this, all developments and positive news was suppressed, and combined with the 2005 situation, drove the SP down down down to its IPO price, and coincidentally the OCT 06 rights issue price. of course NOW those same new investors have landed a beauty (MBL and its highly successful small coys fund a prime example)

read thru this thread and other forums during that period for further info.
 
Just to say high, signed up today, too many idiots on HC now. A lot depends on report July 31st, just hope it is as good as you think BL
 
yes true alba - WAY to many idiots in HC - but do we need them ALL coming across to ASF lol

i try to get exposure for neppy, but have a look at the gap between 30/5 & 10/7, and hence my reply on 11/7 - nms is still very much unknown.
 
An un-remarked thing about HC is that it provides a bit of insight into the "market" and its behaviour in the raw - to me, anyway. The market isn't entirely composed of skilled tech traders and people capable of fundamental research, so it is interesting to read the immediate "stream of conciousness" kind of stuff. The unfathomable illogic of the market sometimes has a parallel.

I'm sure its not of interest, and annoying to the experienced, because they tend to evaluate the content of the individual posts, which are generally barracking, attacking, guessing, hoping or baldly ramping rather than informative or analytical - although to be fair there are some - (the ones stolen from YT were usually good... te he)

Returning to topic, Alba, cheer up mate, the full year ann will be fine - I've stopped thinking about it because the integration is clearly working and that was the main risk and the ann is not going to contradict that. No doubt it will have some good news in it, but it is the jobs to be announced in first quarter 2008, (including more Cal-dive work) the 07-08 profit guidance, maybe more acquisitions, that have me champing at the bit. If you aren't happy yet, man, you are one hard-to-please investor.
 
MisterS I am a long time supporter of NMS, kept them through all its ups and downs. I have no doubt it will eventually be a 'Blue Chip' but what I do not like are those rampers who seem to think it will happen overnight and post some terrible dribble. No one would be happier than me if they are right but I don't think unrealistic posts help.
 
Alba, I haven't seen any unrealistic posts here - whether posts - unrealistic or otherwise, "help" or not. Even the ones at the other place that included outrageous price predictions seemed tongue in cheek to me, as well as those from people who post in a pretty light-hearted fashion, just trying for some amusing interraction, rather than dour, research-orientated statements, to be judged as though they were official announcements.

Anyway, if you've held on all through the NMS vicissitudes, I salute you and hope you are already in the green...
 
great find sophie - welcome to the NMS thread - if you have more, please contribute - and enjoy the next week, assuming you are a holder.
 
Thank You Son of Baglimit

As the announcement,29may07,indicated there is tenders being evaluated for oil and gas projects in Aust, U.S, North Sea, Middle east and Asia. The announcement also indicated work utilising the newly integrated companies working on one project together, as well as a project for Woodside!!! We should expect the coming qtrly to be full of goodies, from the tenders mentioned and perhaps some work in the Woodside Pluto project (11.2billion), announced today. And given that 2months have passed since that announcement, maybe more?? All augurs very well for the future. More acquisitions??? The combined reach into the market that has already been established through the now combined companies, should ensure an extremely healthy future.

Lange's appears to have been discredited by some on forums for a perceived lack of information to the market. But one should remember one of his main positions at SLB, Director Of Investor Relations. SLB, employing 70,000 people, with the most technologically advanced services to oil and gas, with 25 R&D facilities throughout the world; places NMS very well, having him onboard. I doubt NMS could find a better leader to take them ahead, with his wealth of knowledge, experience and contacts.

:cool:
 
http://www.rigzone.com/news/article.asp?a_id=48247

The Board of Woodside Petroleum Ltd. has approved development of the Pluto Liquefied Natural Gas (LNG) Project, subject to receipt of final environmental and other regulatory approvals.
The project is based on Woodside's Pluto and Xena gas fields located about 190km northwest of Karratha in permit WA-350-P.

The initial phase will include a single liquefied natural gas production train with forecast production of 4.3 million tonnes per annum (4.8 mtpa at 100% capacity) connected by a 180km,

36-inch offshore pipeline to a platform in 85 meters of water. The platform will be connected to five subsea big bore wells on the Pluto field, with first gas to be produced in late 2010.
To date approximately A$796 million has been spent on all phases of the Pluto field and LNG Project. The Board approved additional funding of up to A$11.2 billion for project on a 100% basis. Later works, requiring additional funding approval, will include compression and the tie-in of the Xena field.

Reservoir studies have concluded that the combined dry gas volume estimate for the Pluto and Xena fields has increased from 4.5 trillion cubic feet to 5.0 trillion cubic feet.

The project will be underpinned by an integrated package of LNG Sale and Purchase Agreements, project equity and shipping arrangements with Tokyo Gas and Kansai Electric of Japan. The agreements are expected to be signed by all parties within the next month. The package of agreements will provide commercial certainty, ensuring a competitive rate of return for the foundation project without any regard to future expansions.

Woodside has committed about A$300 million in additional infrastructure to facilitate future expansion for other Woodside or third party gas, allowing the onshore plant to operate as an open-access facility with additional LNG trains. Woodside has interests in a number of offshore permits in the area and is maintaining an active exploration program.

The Board also gave approval to begin studies on an expansion of LNG capacity – by the addition of a second and third train – and a domestic gas facility to supply the Western Australian market. The size of subsequent LNG trains, and the technology used, will be evaluated during the study.

The Pluto LNG Project was sanctioned subject to environmental and other regulatory approvals being obtained with acceptable conditions. Environmental approvals from the State and Commonwealth governments are expected soon. These approvals will need to be obtained by September 2007 to enable the agreed schedule with customers to be satisfied. Heritage approvals have already been received.

Woodside Chief Executive Don Voelte said the decision to proceed with the Pluto project represented the most significant step in Western Australia's gas industry since the initial development of the North West Shelf Venture in the 1980s. Woodside operates, and is a one sixth owner of, the North West Shelf Venture.

"The Pluto LNG Project will join the North West Shelf Venture in underpinning Woodside for decades into the future, and showcases the unique position Woodside enjoys among its oil and gas peers," Mr. Voelte said.

Mr. Voelte said the approval would allow the project to meet the timetable envisioned when Woodside announced its plans for the Pluto development in 2005.

"We are delivering on our promise that we would sanction this project two years after we discovered the Pluto gas field, and we similarly expect to deliver on our forecast of first gas by the end of 2010," Mr. Voelte said.

Mr. Voelte said the Pluto project would provide an important new supply of LNG to the Asia-Pacific region, where demand is expected to outstrip supply well into the next decade.

"Pluto will play a critical role in meeting Asia-Pacific demand and will make a substantial contribution to Australia's export income," he said.

The project is underpinned by 15-year sales agreements with Tokyo Gas and Kansai Electric totaling up to 3.75 mtpa, which will provide competitively-priced LNG to the foundation customers during a period of limited market supply. Woodside expects to sell the remaining output through additional term contracts or spot sales.

Tokyo Gas and Kansai Electric will each construct and operate an LNG ship to transport a combined 2.6 mtpa (loaded) to Japan. An additional ship will be constructed at Samsung Heavy Industries in Korea by successful tenderers AP Moller Maersk and leased to Woodside on a long term basis to transport LNG to Japan. Further shipping requirements are under evaluation.

Woodside's Board has approved the formation of a joint venture with Tokyo Gas and Kansai Electric, which will enable them to each take 5% equity in the Pluto permit (WA-350-P) and the Pluto Train 1 infrastructure, reducing Woodside's ownership to 90%. In addition, Tokyo Gas and Kansai Electric have options to participate in two additional Pluto trains and three Woodside exploration permits (WA-347-P, WA-348-P and WA-353-P), at 5% of Woodside's interest.

The project will be funded using Woodside's free cash flow from its Australian operations, a fully underwritten dividend reinvestment plan and the issuance of corporate debt.

Preliminary site works for the onshore facilities began in January 2007. In addition to the LNG production train, the onshore facilities will include storage tanks and a loading terminal.

The project is expected to create up to 3000 direct jobs during construction and 300 jobs during operations. More than half of the expenditure on the project is expected to be spent in Australia.
 
As Son of Baglimit kindly pointed out on another forum-


http://www.neptunems.com/board.aspx

Non-Executive Director
Mr David Agostini
David Agostini's professional career includes positions as General Manager of Woodside's North West Shelf interests, including the decision making forum for marketing LNG into Asia. He is a former Woodside General Manager of Operations, covering the 3 Train LNG plant, domestic gas plant, North Rankin and Goodwin offshore platforms, the Cossack Pioneer floating production system and offshore drilling rigs. David is a former General Manager Gas for Woodside; and Deputy Strategy Manager for Shell in The Hague.

Currently Adjunct Professor at the School of Oil & Gas Engineering (University of WA), David is Chair of the School's industry advisory board, Chair of the Industry Reference Group and holds a similar position with the advisory board of the Australian Resources Research Centre.


Link for Woodside announcement-Pluto


http://www.woodside.com.au/NR/rdonl...WoodsideApprovesPlutoLNGProject27July2007.pdf

An interesting week ahead, will the market problems continue and effect the NMS price? Or will NMS weather any current situation and head further north. Nevertheless what the short term holds, long term looks ...............


:D
 
Well its great when a small Punt stock becomes respectable. I think my modest holding could end up in the bottom drawer rather than a trader @ market's whim. This one will produce "Divie's.:)
 
Points to consider with todays quarterly report-

- Last yrs AGM06 presentation pg. 10 projected earnings of $15,563,000 for 07

- To date earnings are $3,162,000 as per qtr end 31mar07

- NMS requires $12,401,000 in todays qrtly to meet forecast.

Will it happen?? Lange has so far proven himself to be an excellent fit to this company, and most assumptions are that these forecast figures would be conservative. Although it is a massive shortfall at the moment. But with the new acquisitions on board and previously stated $10,000,000 in new work, one would think they would go close.

Also the AGM06 shows timeframes for acquisitions throughout 07, there seems to be room for perhaps two more ???

The report also estimates 40billion expenditure in Australia in oil and gas projects in the next 5yrs, with 20billion expected to be in WA. Then last week Woodside announce a 12billion project. Neptune specify they are targeting that market in the AGM06 presentation and then embark on a huge acquisition strategy with Agostini, <formerly general manager of Woodside's gas department> able to advise and with an excellent background in targeted market.

Very interesting times ahead!

If revenue targets aren't met, I would think only because of delays in payments or operational delays, certainly not because the work isn't there.

Overseas acquisitions and partnerships should also be on the agenda and I expect we should hear more on those soon, when you consider how aggressive Lange has been to date, why stop now!!

:eek:
 
SophieSweet said:
- Last yrs AGM06 presentation pg. 10 projected earnings of $15,563,000 for 07

- To date earnings are $3,162,000 as per qtr end 31mar07

- NMS requires $12,401,000 in todays qrtly to meet forecast.

If revenue targets aren't met, I would think only because of delays in payments or operational delays, certainly not because the work isn't there.
Click to expand...

well you werent far wrong sophie - $13M for the qtr, over $4M still to be paid, and so much work out there - NMS will become like the local electrician - "ah sorry mate - just too busy - unless you want to pay cash"

anyone who doubts this industry, read on.......

http://www.petroleumnews.net/StoryView.asp?StoryID=102688

http://www.petroleumnews.net/storyview.asp?StoryID=102671
 
Research and Development expenditure for the quarter was only 31k. The summary made a point of " Further research and development of the core Nepsys technology". Year to date expenditure is 807k, previous quarter 471k.

Neptune aren't short of available funds to develop their two goals of -

1. Designing and implementing a fully automated weld process for the NEPSYS technology which will allow for greater depths and more diverse joint configurations.
2. Obtaining certification and approval for use of the NEPSYS technology in surface Hazardous zone locations.

Why so little expenditure and why make mention of it then? Have they reached a goal or thereabouts? The ability to weld deepsea pipelines to Nepsys standards would be extremely lucrative. Especially when it is still apparent that there is substantial damage from the previous damage in the Gulf of Mexico.

Although there are companies trying to beat NMS to the punch, but can they compete?? To date, that I know of, there is no competition for Nepsys, as coffer dams and hyperbaric chambers are more expensive, and they use divers to limited depths. To develop the deep water robot would be much more sophisticated, so what have http://www.statoil.com/ developed??

Cut and Paste from -

http://www.engineerlive.com/interna...s-from-ropes-to-deepwater-repair-robots.thtml

-------
Robot for pipeline repairs

Meanwhile Statoil is building on its leading role in underwater technology development with a new pipeline repair robot capable of working at depths down to 1000 metres.
The new remotely operated welding machine will undergo testing and final adjustments before being deployed in an emergency response role during the year.
“We’re getting a lot of enquiries from international oil and gas companies,” says Kjell Edvard Apeland, who is heading the development job. “They’re interested in using our robot for pipeline repair and field operations in such areas as the Gulf of Mexico.”
Work on the new device is taking place in Haugesund north of Stavanger, where Statoil’s pipeline repair system (PRS) pool is located.
The robot will join a number of other remotely operated tools used in deepwater operations, including tie-in of new pipelines in water depths beyond the reach of divers.
Measuring about four metres long by two metres high, the new welding machine has been developed by Statoil and built in cooperation with external suppliers.
The robot cuts out the damaged pipe section before welding in a new piece inside an enclosed habitat. Systems are provided for preheating and controlling the habitat atmosphere.
A submarine pipeline can be damaged by a shipwreck, for instance, or by having a trawl or anchor dragged over it.
“Many technological experts say that developing such technology and carrying out operations of this kind are more difficult than a moon landing,” says Asbjørn Erdal.
He is manager of the pipeline operation sector, which maintains 8000 km of pipeline and will probably be the biggest customer for the new robot.
The Norwegian government requires that oil and gas distributors have such equipment available. Regulations restrict diving to a maximum water depth of 180 metres.
Statoil currently has a deepwater emergency response system based on remotely operated vehicles that can seal leaks. With the new robot, the group will also be able to weld pipes. ❏

------

The small expenditure coupled with the mention in the quarterly would suggest to me that something may be in the wind. If the goals weren't being developed it wouldn't have rated a mention, and the spending of only 31k. Time will tell of course. But as that above text mentions, the deep sea welding is badly needed. Lange hasn't rested on his laurels whatsoever, I doubt he would be delaying the R&D to achieve the deep sea robot.

:2twocents
 
Today's Sydney Morning Herald- Money section

Article -Future Heavyweights- Rich Pickings

Annette Sampson has a write up on 10 future stocks to do well and Neptune is one them. Perhaps someone will copy the text, as it doesn't appear to be available online.

:eek:
 
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