Member Info for closettrader

Excellent news. $100m contract in a new market area for KBC, a company providing integrated solutions to oil and gas clients worldwide. This should help correct the recent fall due to a challenging first half of the year with this contract commencing immediately. Recently tipped in Shares Magazine under 10 Sizzling Small Caps

Very interesting. The large sell on Friday of 37m shares (approx 11% of the Company) was by Andrew McGee, a vendor of EDS Group Holdings Ltd, a company that Silverdell took over in June to expand their business horizons. According to the RNS the sell was made in order to satisfy 'institutional demand' .....so somebody definitely wants them!.

Maiden Dividend announced. I'm very surprised at the lack of attention this share is receiving considering its recent progress. In December it announced its preliminary results to end Sept 2012 and highlighted the following: · Revenue up 38% to £82.5m (2011: £59.7m) · Gross profit up 27% at £20.4m (2011: £16.1m**) · Adjusted EBITDA* up 51% to £6.2m (2011: £4.1m) · Adjusted pre-tax profit* up 43% at £4.3m (2011: £3.0m) · Adjusted EPS* up 7% at 1.5p (2011: 1.4p) · Net senior debt (excluding lease finance) down £0.5m to £4.5m (2011: £5.0m) · Recommendation of maiden dividend of 0.175 pence per share to be paid in March 2013 Silverdell has completed a successful year, significantly building on its reputation with blue chip organisations as a leading provider of decommissioning and remediation services to high hazard and regulated environments. Its order book going forward is also looking extremely healthy with £97m due to fall in 2013. .Sean Nutley, CEO, states: 'The future for Silverdell looks highly promising, with the opportunity now to build on strong UK relationships to grow our business abroad. The acquisition of EDS has given us a unique and compelling combined service offering and an ideal platform for future growth. Our decision to recommend a maiden dividend reflects our confidence as we look to the coming year and beyond." There are only 300m shares out there and 50% are held by II and directors. SID has a market cap of only 50m...... it looks a very promising investment. DYOR.of course.

In July Creon invested $15.3m into YZJ Offshore Engineering, a joint venture between Creon and YZJ Holdings, which is listed on the main board of the Singapore stock exchange and is the largest non-state owned container shipbuilder in China. In 2011, YZJ Holdings generated sales of approximately US$2.12 billion and net profits of approximately US$0.62 billion. Creon's 46% owned part of the venture has a 40% interest in YZJOE - YZJOE has today secured a $US170m contract to supply a jack-up drilling rig. Glen Lau, CEO of Creon, said:" This agreement bears testimony to the strength of our joint venture partner - Yangzijiang Shipbuilding - our ability to source significant contracts, and the demand in the market for modern mobile drilling vessels to replace older and shallow water drilling rigs that are being phased out of the industry. "Creon will be able to leverage off our partner's existing world class state of the art yard and infrastructure whilst simultaneously allowing our joint venture business, YZJ Offshore, to develop a new facility at the recently acquired shore line land in Taicang outside Shanghai. "We are confident that we will be able to build a significant order book through YZJ Offshore and Jiangsu Yangzijiang Offshore Engineering Co. Ltd."

Either it may have been a condition of the agreement between Ventech and OCG that they buy shares and they were happy to pay the 44% premium or Ventech saw the potential and wanted a slice of the action of their future partnership but couldn't buy the amount of shares they wanted on the open market and again were happy to pay the premium. Either way it looks a good deal for OCG

135p Per Share New Share Purchase, Reactor Order and Access Agreement.·Purchase of 933,687 new Group shares at 135p per share by an affiliate of Ventech Engineers o 44% premium to the closing mid-market share price on 16 November 2012 o Raises £1.3 million for the Group · Agreements signed with Ventech: o Oxford Catalysts will be Ventech's preferred supplier of FT technology for North America o Ventech will have non-exclusive assured access to the Group's FT technology for North America o Ventech is required to place an order with the Group for FT reactors for the first commercial facility by 29 March 2013, estimated at $8 million · Ventech has several customers expected to decide on proceeding with plants in 2013 · Ventech has $200 million available to co-invest in customer projects, including GTL I went to an OilBarrel conference 4 months where OCG delivered a very professional presentation on their modular Gas-to-Liquids technology. In essence they produce modular units which can be combined to produce small, medium or large plants as the customer requires to convert gas, of which they're as an overabundance in areas such as N. America and Qatar and which is consequently cheap, into synthetic liquid fuels which command much higher prices. And they have a partner now who was acquired shares at a 44% premium to last Friday's share price. Looks very promising but DYOR

Now can't buy at all....unusual over 1pm-2pm period. Sell now at 89p

Max buy £1500 at full ask

£13.5m sale of Jena Tec division....sounds good for a Company with an overall MCap of 23m. 'The proceeds of the Sale will be used to invest further in the growth of these (Aerospace and Energy & Medical) divisions and to reduce debt, whilst the Board also continues to evaluate acquisition targets that it believes will enhance long-term shareholder value'. Only 26m shares in issue and order book in Aerospace division at record levels. Looks very promising....

4000bpd on a choke with no oil/water contact encountered. Company production as at June 2012 was 1800bpd. With a recent oil discovery also on Contender (oil bearing reservoir of 65ft with greater than expected porosity and hydrocarbon saturation) this Company's target of 10000boepd by the end of 2016 possibly looks conservative. They eventually want to become an established mid-cap exploration and production Company.....looks like they're on track!