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NMS - Neptune Marine Services

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just another of those pieces that put NMS in perspective........

http://www.rigzone.com/news/article.asp?a_id=58458

Petrobras Looking to Tender, Lease 100 Oil Service Vessels
by Kerry Laird Rigzone Tuesday, March 18, 2008


Petrobras is planning a bid for the construction of 100 oil service vessels, reported Estado newswires March 18.

The Brazilian oil giant is preparing for a "gigantic" launch of support vessels, Petrobras Chief Executive Sergio Gabrielli told Estado.

Petrobras Downstream Director Paulo Roberto Costa told Estado that the oil support vessels will be leased by Petrobras.



BUT HEY, NMS HAVE ONE COMING - SOMETIME - SOON.
 
SOB...you're crackin me up.......
I guess it does put some perspective on Neppy tho.....considering Petrobas is currently producing 95% of Brazils oil and gas and, is working on an oilfield at 2000m water depth and a further 5000m below ground.
Sorta makes poor ole Neppy seem like a drop in the ocean.
 
Anyone know why Commsec is showing 'Enquiry' next to the Trading Status tab? Today was a good one considering the overall down day for the market. I wonder if the continued sell off has run it's course!?
 
After the sp steadily declined over the first 10 weeks of this year, it appears that over the last 2 weeks we have found support around the 50c mark. Some dramatic action in the US will help to put a stop to the rot. I'll continue to watch with interest next week but think it is time for me to average down.
Is an ann re the Euro patent likely to make much difference to the sp?

Are you still with us Sophie? Hope the margin calls haven't scared you off.
 
Agree Jarrah. Candle looks nice heading into next week.. would expect some upward momentum unless bad news again from America. May be a good time to accumulate some of these shares. They have been slaughtered essentially through no fault of there own and in the longer term, the mkt will realise their true value, which methinks exceeds 50c . Good luck Neppy holders
 

Yeah they scared me off alright, I had 5 of them! Great fun!! But really they are only a small portion of what I have in NMS, not to mention what I have made, so all cool.

Not much mention has been made of the conservatively valued, 5-6million dollar welding rov. Lange said it went well in trials. I think that would be a massive money spinner, not to mention an even greater market edge. There no doubt is some jobs in mind for that one, if it becomes a reality, which I am confident it will soon. The new rov isn't actually NMS's first rov, Seastruct have been using them for installation of their product. And I think another one of the subsidiaries uses them, if you look it up. I think by the end of the year, all will be very well. It would be interesting to know how their massive recruitment drive is going??
 
BHP Evacuates Neptune Oil Platform in U.S. Gulf
``The safety of our people there is the number one concern,'' Evans said of the evacuation. ``We should have some more details next week.''

The 5,900-ton hull was built by Signal International LLC at Port Arthur, Texas and was the first of its kind for the fabrication yard, according to Upstream oil and gas newsletter, which reported the evacuation earlier. The irregularities in the hull were found during visual inspections in advance of the planned start of production, it said.

Signal completed work on the hull in May and floated it off the Port Arthur dry dock to be towed to location for assembly with the rest of the production system. Joe Roche, a spokesman for Signal, couldn't be reached for comment today.

Bloomberg Article

Neptune needs some publicity for its Nepsys and a fix on a platform such as BHP's would be great news for the sp. Neptune to fix neptune, that would be funny.
 
Neptune secures $3.4m Gulf of Mexico project

This is the sort of news that will help the sp. Good to see more nepsys work coming in.
 
"The project is for a major Energy Company and is valued at more than US$3m (AUD$3.4m). USUS/NMS will utilise its patented NEPSYS dry underwater welding technology to secure the subsea portion of the DTS to the interface that has been installed on the vessel’s starboard forward hull.

The weld area is estimated at 157 linear feet (48 linear metres) and is expected to take more than 30 days of 24 hour operations to complete in water depths of 25-30 feet (7.5-9 metres).

The vessel’s hull is currently being refurbished in Croatia and the DTS is being fabricated in Holland. The two will come together at the Kewitt Shipyard located in Corpus Christi, Texas."

i find it interesting that they find it better to bring together these 'parts' once in place underwater, rather than on land and then transport them to their spot.

".......valued at more than US$3m........" - more than.....hmmm.
 
SoB,


""the subsea portion of the DTS to the interface that has been installed on the vessel’s starboard forward hull.""

>>i find it interesting that they find it better to bring together these 'parts' once in place underwater, rather than on land and then transport them to their spot.<<

I think that what is happening is that a complete, and relatively large, assembly is being attached to the ship itself. It will not be a number of "small"
parts being joined together underwater. The reason for doing it with the hull afloat is is almost certainly that it would not be possible to find a dock in resonable proximity, if anywhere, that could economically handle the beam and draught of the completed vessel.

Sooner or later that assembly will have to come off, to allow the vessel to be docked for survey, and reassembled on completion. NMS should be first in line for this repeat business.

Two points stick in my mind;

the contract is equivalent to $(US)60k per metre of weld!

the contract is under the supervision of Lloyds, a very big tick in the box as Mr. Lange commented in the announcement.

Best wishes,

TerryA
 
son of baglimit said:
http://www.petroleumnews.net/StoryView.asp?StoryID=168478

some competition for NMS - and coincidently located in the same office building.
Click to expand...

Hallin Marine figures for year ended Dec 07
Highlights
• Turnover increased 67% to US$64.8m
• EBITDA increased 171.0% to US$14.8m
• Net Profit after tax increased 157.7% to US$10m
• Earnings per share increased 138.3% to 25.09 cents
• Dividend maintained at 1p per share
• Major increase in operating assets

Looks to be in a smiliar position as Neptune Marine, perhaps a year ahead but confirms strong growth in this sector. May have located offices in response to Ross Deeptech acquisition and obviously the market here?

NEPSYS looking as a key difference and asset for NMS. (Nicely patented)
 
In The Australian this weekend there is a six page 'special advertising report' called Go With The Flow. Subheading - The Australian Petroleum Production and Exploration Association: A special survey of the challenges and opportunities facing the nation's gas and oil industries, including a preview of APPEA 2008.

I haven't had time to read it, and I don't think it has any specific references to NMS, but it looks like it might be of interest so I thought I would mention it here straight away so that, if you are interested, you can hunt it out before this edition is taken off the shelves.
 
What's happening with Seastruct?? It was supposed to be settled late march, which was a delay, and then 3 march they announced that Seastruct, delivery of ROV and vessel will happen at the same time, but when is that? I don't see any problems, but would expect that their announcements be a little more informative, tell you one thing, then announce delay, and now open ended.
 
The list of stocks 'owned' by Opes subPrime makes interesting reading.

I notice that NMS released a brief statement confirming the completion of the Sea-Struct acquisition today.

I don't mind a bit of a drop in the share price as I am ready to buy some more shares. I managed to get some at 0.46 recently which I was happy with. I would be glad to pick up some more if they drop under 0.55.
 
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