NMS - Neptune Marine Services
- Thread starter baglimit
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Alba
Not sure about NMS losing their shine although given todays 145 point drop on the ASX and as was pointed out on HC investors may have been looking elsewhere today for all sorts of reasons.
I don't think we can lose sight of the facts that NMS has some big instos on board now and are building, imo, a solid momentum in the O&G sector.
And that additional 8m from Apache wouldn't have formed a part of their 07 / 08 earnings.
Not sure about NMS losing their shine although given todays 145 point drop on the ASX and as was pointed out on HC investors may have been looking elsewhere today for all sorts of reasons.
I don't think we can lose sight of the facts that NMS has some big instos on board now and are building, imo, a solid momentum in the O&G sector.
And that additional 8m from Apache wouldn't have formed a part of their 07 / 08 earnings.
Most people with their eye on NMS lately would have made themselves eligible for the $0.95 SPP. So the thinking may be, why pay more than $0.95/share at the moment when they're guaranteed to pick up $5000 worth at a cheaper price in a few weeks.
In my opinion, that explains the current share price and low volume. Patience is all that seems required with this one.
In my opinion, that explains the current share price and low volume. Patience is all that seems required with this one.
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more work confirmed - as per the recent advice from lange and the delay to the sea-struct acquisition, it was mentioned that further work in partnership between sea-struct & NMS was being carried out - and here it is.
check the paragraph with ***** around it - sea-struct provided the previous project the mattresses as well.
http://www.petroleumnews.net//storyview.asp?storyid=168396§ionsource=f21210
Kupe commands specialist marine work
Monday, December 24, 2007
Neil Ritchie, New Zealand
THE Kupe gas-condensate development – one of four major offshore Taranaki, New Zealand energy projects – involves a myriad of marine work.
While much of the offshore work will be similar to that of the more northern Pohokura gas-condensate project, the size and complexity of the Kupe development requires some special marine activity.
The $NZ1 billion ($A880 million) Pohokura development is a near-shore project, only about 8km off the north Taranaki coast, while the $NZ1.08 billion ($A945 million) Kupe project is about 30km off the more rugged south Taranaki coast.
Top of the list is a specialist pipelaying vessel not seen in New Zealand before.
The reel barge Apache, which has already picked up the Kupe umbilical manufactured in Corpus Christi in the United States, is due to arrive in New Zealand waters in early January.
The Technip vessel's first task will be to lay the umbilical from the exit points of the horizontal direction drilling (HDD) about 1.8km off the coastal cliffs south of Hawera to the platform.
It will then head to the sheltered waters of Picton, near the top of the South Island, where it will load the already welded sections of the products pipeline, 300mm in diameter, and transport them north.
Starting from the HDD exit points, the Apache will lay the pipeline near the umbilical. In good weather, the Apache can lay up to 1km of pipe per hour, much faster than an ordinary lay barge.
*****
*****For some of the shallow section, the umbilical and pipeline will rest on specially designed concrete mattresses – the same ones used last year at Pohokura – over previously laid rocks to even out a boulder field a short distance offshore.
******
******
Earlier this year the specialist rock-dumping vessel Pompei laid about 30,000 tonnes of more of rock over this boulder field to ensure the pipeline and umbilical will lay flat, adding stability – particularly important given Taranaki's weather and sea conditions that can be worse than the North Sea.
However, for most of the route they will lay in trenches, formed by jets of water from the specialist dive support vessel Rockwater 2, out to the platform.
Offshore work on the pipeline and umbilical should be finished by April.
The jack-up Ensco Rig 107 has now spudded the first of three Kupe development wells in the central field area (CFA), while Swire Pacific's Pacific Warlock and the Tidewater Yeo Tide support vessels assist the scheduled drilling that should be finished next April or May.
The wells will then be tied-in to the production platform and products pipeline, awaiting the completion of the onshore production station before first flows to shore, which are scheduled from mid-2009.
check the paragraph with ***** around it - sea-struct provided the previous project the mattresses as well.
http://www.petroleumnews.net//storyview.asp?storyid=168396§ionsource=f21210
Kupe commands specialist marine work
Monday, December 24, 2007
Neil Ritchie, New Zealand
THE Kupe gas-condensate development – one of four major offshore Taranaki, New Zealand energy projects – involves a myriad of marine work.
While much of the offshore work will be similar to that of the more northern Pohokura gas-condensate project, the size and complexity of the Kupe development requires some special marine activity.
The $NZ1 billion ($A880 million) Pohokura development is a near-shore project, only about 8km off the north Taranaki coast, while the $NZ1.08 billion ($A945 million) Kupe project is about 30km off the more rugged south Taranaki coast.
Top of the list is a specialist pipelaying vessel not seen in New Zealand before.
The reel barge Apache, which has already picked up the Kupe umbilical manufactured in Corpus Christi in the United States, is due to arrive in New Zealand waters in early January.
The Technip vessel's first task will be to lay the umbilical from the exit points of the horizontal direction drilling (HDD) about 1.8km off the coastal cliffs south of Hawera to the platform.
It will then head to the sheltered waters of Picton, near the top of the South Island, where it will load the already welded sections of the products pipeline, 300mm in diameter, and transport them north.
Starting from the HDD exit points, the Apache will lay the pipeline near the umbilical. In good weather, the Apache can lay up to 1km of pipe per hour, much faster than an ordinary lay barge.
*****
*****For some of the shallow section, the umbilical and pipeline will rest on specially designed concrete mattresses – the same ones used last year at Pohokura – over previously laid rocks to even out a boulder field a short distance offshore.
******
******
Earlier this year the specialist rock-dumping vessel Pompei laid about 30,000 tonnes of more of rock over this boulder field to ensure the pipeline and umbilical will lay flat, adding stability – particularly important given Taranaki's weather and sea conditions that can be worse than the North Sea.
However, for most of the route they will lay in trenches, formed by jets of water from the specialist dive support vessel Rockwater 2, out to the platform.
Offshore work on the pipeline and umbilical should be finished by April.
The jack-up Ensco Rig 107 has now spudded the first of three Kupe development wells in the central field area (CFA), while Swire Pacific's Pacific Warlock and the Tidewater Yeo Tide support vessels assist the scheduled drilling that should be finished next April or May.
The wells will then be tied-in to the production platform and products pipeline, awaiting the completion of the onshore production station before first flows to shore, which are scheduled from mid-2009.
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interesting article regarding deepwater work -
sophie where are your ROV's.
suggesting as shallow water discoveries / exploitation eases, deepwater will take over.
sophie where are your ROV's.
suggesting as shallow water discoveries / exploitation eases, deepwater will take over.
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Making a bit of news, and rightly so!!
http://www.energycurrent.com/index.php?id=2&storyid=7919
Neptune wins US$7 million Apache pipeline job
Filed from Singapore 1/7/2008 6:12:15 AM GMT
Australia
AUSTRALIA: Australia's Neptune Marine Services secured an A$8 million (US$7 million) project to provide a range of subsea services to Apache Energy's Simpson pipeline offshore Varanus Island, Western Australia. Apache Energy is the Australian subsidiary of U.S. independent Apache Corp.
The work scope includes management and engineering, diving, survey and fabrication works. A further component of the contract involves the deconstruction of the North Herald and South Pepper platforms. Neptune expects to mobilise for the offshore works in March, with completion expected by June of this year.
Neptune's Managing Director and CEO Christan Lange said the company won the contract on the merit of its integrated subsea services model. "Due to the successful integration of our recent business acquisitions, we can now provide our clients with a broad range of integrated services," he said.
Neptune is expecting the Apache deal to lead to similar and larger projects as engineering, procurement, installation and construction contractors and energy producers become aware of the company's newly acquired capabilities, he added.
In 2007, Neptune entered into separate deals to acquire stakes in Australia-based Sea-Struct Pty Ltd. and Aberdeen-based Ross Deeptech Initiatives Ltd.
Sea-Struct provides offshore grouting equipment and personnel for freespan correction works as well as the Seamat range of precast concrete mattresses that are used to support, protect and stabilise subsea oil and gas pipelines.
Ross Deeptech manufactures specialist subsea and offshore oil and gas equipment. The company also provides support services for production, drilling, diving, construction and intervention projects in deepwater areas including the west of Shetland, Norway, Gulf of Mexico, West Africa, Canada, Egypt and Australia.
http://www.wabusinessnews.com.au/en-story/1/59737/Neptune-Marine-secures-8m-Apache-project-
Son of Baglimit, ROVS, what ROVS?? All in good time! What a ripper of an announcement, and who cares how the market reacted, it doesn't matter now. But it gives us another boost of reassurance in that we have picked a winner. And if Alba's recent statement elsewhere(HC), is on the money, there could be more announcements soon. So if it takes till the runs are on the board and there is more huge contracts to come in till investors bog in and buy, so be it. I think we are in for an extremely good year, but it might take a bit for the SP to get going, but by years end i expect the price to gain significantly, as surely this announcement will be one of only few, there's 51 weeks to go. i hope the SP stays down for one more week, please!!!!! So I can buy more!!!!!!
http://www.energycurrent.com/index.php?id=2&storyid=7919
Neptune wins US$7 million Apache pipeline job
Filed from Singapore 1/7/2008 6:12:15 AM GMT
Australia
AUSTRALIA: Australia's Neptune Marine Services secured an A$8 million (US$7 million) project to provide a range of subsea services to Apache Energy's Simpson pipeline offshore Varanus Island, Western Australia. Apache Energy is the Australian subsidiary of U.S. independent Apache Corp.
The work scope includes management and engineering, diving, survey and fabrication works. A further component of the contract involves the deconstruction of the North Herald and South Pepper platforms. Neptune expects to mobilise for the offshore works in March, with completion expected by June of this year.
Neptune's Managing Director and CEO Christan Lange said the company won the contract on the merit of its integrated subsea services model. "Due to the successful integration of our recent business acquisitions, we can now provide our clients with a broad range of integrated services," he said.
Neptune is expecting the Apache deal to lead to similar and larger projects as engineering, procurement, installation and construction contractors and energy producers become aware of the company's newly acquired capabilities, he added.
In 2007, Neptune entered into separate deals to acquire stakes in Australia-based Sea-Struct Pty Ltd. and Aberdeen-based Ross Deeptech Initiatives Ltd.
Sea-Struct provides offshore grouting equipment and personnel for freespan correction works as well as the Seamat range of precast concrete mattresses that are used to support, protect and stabilise subsea oil and gas pipelines.
Ross Deeptech manufactures specialist subsea and offshore oil and gas equipment. The company also provides support services for production, drilling, diving, construction and intervention projects in deepwater areas including the west of Shetland, Norway, Gulf of Mexico, West Africa, Canada, Egypt and Australia.
http://www.wabusinessnews.com.au/en-story/1/59737/Neptune-Marine-secures-8m-Apache-project-
Son of Baglimit, ROVS, what ROVS?? All in good time! What a ripper of an announcement, and who cares how the market reacted, it doesn't matter now. But it gives us another boost of reassurance in that we have picked a winner. And if Alba's recent statement elsewhere(HC), is on the money, there could be more announcements soon. So if it takes till the runs are on the board and there is more huge contracts to come in till investors bog in and buy, so be it. I think we are in for an extremely good year, but it might take a bit for the SP to get going, but by years end i expect the price to gain significantly, as surely this announcement will be one of only few, there's 51 weeks to go.
i hope the SP stays down for one more week, please!!!!! So I can buy more!!!!!!
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Hey SOB,
That article on Kupe brought back some memories for me.
I worked on the Maui Gas Project for Shell, BP, Todd, back in the mid 70's.
If I'd stayed on, I'd probably be reitired now, with a sizeable nest egg, (jeez, the money was good) instead of knocking myself out in Northern NSW evaporating flood waters and, accompanying humidity....
That article on Kupe brought back some memories for me.
I worked on the Maui Gas Project for Shell, BP, Todd, back in the mid 70's.
If I'd stayed on, I'd probably be reitired now, with a sizeable nest egg, (jeez, the money was good) instead of knocking myself out in Northern NSW evaporating flood waters and, accompanying humidity....
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Well, if a high oil price is healthy for NMS's future, this article bodes well then. Only thing is, we'll need to make a packet out of NMS to run our cars.
http://business.smh.com.au/double-o...s200-a-barrel-by-years-end/20080107-1kna.html
$200 a barrel. They'll be squeezing every last drop out of those wells then ,so they better keep them maintained!?!?!:
http://business.smh.com.au/double-o...s200-a-barrel-by-years-end/20080107-1kna.html
$200 a barrel. They'll be squeezing every last drop out of those wells then ,so they better keep them maintained!?!?!
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excuse any unbridled naivete but...
if I wasn't tempted to top up when the price was 95c why would I now buy up to $5Ks worth with the SPP offer?
if I wasn't tempted to top up when the price was 95c why would I now buy up to $5Ks worth with the SPP offer?
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Tradingduck...the answer to your question is quite simple really.
If you're not tempted, don't.....
If you're not tempted, don't.....
How about considering that since the price was last at 95c it has gone as high as $1.37 (on 21/11/07) and may even go beyond that on its next run.
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guess I am as much trying to understand the mentality of those that bought small parcels to have access to the SPP. How a special offer appeals to people's insider status or something... or is it just the temptation of no broker fees?
still may take some or all of my 5K potential.
still may take some or all of my 5K potential.
tduck
In my case I have been watching NMS recently but havn't bought, only because one or two other stocks have been more attractive to me. However, I seriously considered buying cum the SPP, which would have been a way to increase the holding and average down slightly.
I suspect there are many reasons why people react to a SPP but I don't think your "insider" theory is one. Certainly, the absence of brokerage is a plus but hardly a major consideration given the minimum brokerage applying to the initial purchase.
Still following NMS
In my case I have been watching NMS recently but havn't bought, only because one or two other stocks have been more attractive to me. However, I seriously considered buying cum the SPP, which would have been a way to increase the holding and average down slightly.
I suspect there are many reasons why people react to a SPP but I don't think your "insider" theory is one. Certainly, the absence of brokerage is a plus but hardly a major consideration given the minimum brokerage applying to the initial purchase.
Still following NMS
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guess I am as much trying to understand the mentality of those that bought small parcels to have access to the SPP. How a special offer appeals to people's insider status or something... or is it just the temptation of no broker fees?
still may take some or all of my 5K potential.
If this market keeps retreating you might pick them up for less than 95 cents....unfortunately I figure it may not prove to be so appealing to snap up 5K worth of shares ....I will make my decision later....
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youll find attached an update of the top 20 - dated 31 december.
obviously it will be changing again soon with the issue of the placement shares. it appears one holder has sold down (or moved some), but others have kept on buying - probably buying up from those that keep offloading for insane reasons, thinking other stocks have better futures.....how silly.
obviously it will be changing again soon with the issue of the placement shares. it appears one holder has sold down (or moved some), but others have kept on buying - probably buying up from those that keep offloading for insane reasons, thinking other stocks have better futures.....how silly.
prawn_86
Mod: Call me Dendrobranchiata
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SOB,
I can almost 99% assure you, that in both 6 and 12 months time, i will be able to find a stock that has outperformed NMS.
So please refrain from ramping in the future, no matter how passionate you are.
Go on Prawn, don't use hindsight...name it now.
Wait a minute I'll even give you 99 choices which we can all revisit in 6 to 12 months time. SOB is passionate, I'll give you that, but he has more than proven the reason for his passion and anyone reading his post who has never seen an NMS post previously should go back and read everything prior to making their own decision to buy this stock.
I've seen worse ramps...
SOB's comment related to the movement in the top 20, as attached to his message. Thankyou SOB for providing that btw.I believe NMS are well on track to exceeding the forecast set for this year. The recent announcement shows that the companies are integrating well, and I expect we will begin to see more now that the silly season is over and we are coming into the contract period for the end of the cyclone season...I can't wait for the latest acquisitions to be finalised and Lange announce that upgraded forecast earnings.
I also want to know exactly what Lange has in mind for the funds raised through the SPP. I'll be averaging up.
......And there will always be "another investment" somewhere else that outperforms that investment (and there is an extremely good chance that that won't be on the Aussie market even. Good growth company investment opportunities are endless internationally), but until you find that "other stock" you believe in (without excessive risk, etc), NMS is looking like an extremely good contender for significant success and gains.
I have been following this stock's development for a year or so now, but have only recently stepped into it. The potential good company has become the good company. One could barely fault the way they have built the company at this stage. They have achieved what they set out to do and said they would do, well before time. The stock performed well in 2007 (although there "where better") and the company is still only at the stage where it has scraped the surface of the massive world market available to it.
Come 6 months and 12 months time, the stock may not be "the best" stock on the market, but in contrast to prawn's take, I am 99% convinced it will deliver significant gains in what is to be the "in sector", in a relatively rocky market year.
Anyways, as at any time in the investment game, all one can ever research and aim for is what might become "good" or "very good" in future. Only that bit of added luck for an investor would actually deliver "the best" investment on the market. After substantial setup and now, with a significant amount of cash being thrown at it too, this will be Neptune's year.
(Good to see the doubters in the debate all the same I guess.
)
prawn_86
Mod: Call me Dendrobranchiata
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Guys,
I have never said that NMS wont have a good year, i have just said that there probably will be others that outperform it.
Those people currently selling may also feel this way, hence why they are shifting their capital. To call them "insane" or "silly" is not really justified.
Me and SoB have sorted this out privately so it is all good
I have never said that NMS wont have a good year, i have just said that there probably will be others that outperform it.
Those people currently selling may also feel this way, hence why they are shifting their capital. To call them "insane" or "silly" is not really justified.
Me and SoB have sorted this out privately so it is all good
Share price hovering around 6-7% above SPP price, can get that sort of return in the bank. I think new neppy holders may be wondering what to do, Hold out see if SP gets down to below SPP level or participate now.
It would be beneficial for the company if they did participate cause it would increase the $$ to spend on ROV's & bolt-on companies. IMO there will be a solid QTR report and possibly more news to come before the SPP closes on the 1/2/08. This should persuade those holders that think they will pick up the stock below the SPP price to participate now and lock-in a higher return.
It would be beneficial for the company if they did participate cause it would increase the $$ to spend on ROV's & bolt-on companies. IMO there will be a solid QTR report and possibly more news to come before the SPP closes on the 1/2/08. This should persuade those holders that think they will pick up the stock below the SPP price to participate now and lock-in a higher return.