19 April 2007
Offshore Hydrocarbon Mapping plc Interim results for the six months ended 28 February 2007
Offshore Hydrocarbon Mapping plc ("OHM" or "the Company"), the AIM traded provider of remote electromagnetic sensing services designed to detect the presence of offshore oil and gas, today announces its interim results for the six months ended 28 February 2007.
Highlights:
 Revenues of £7.6 million up 70% on the preceding half year
Cash balance of £4.7 million
Successful placing of 1.5 million new ordinary shares
5 year charter of OHM Express
OHMVision software suite launched
Commenting on the results, OHM's Chairman Pierre Jungels said:
"Market adoption of CSEM technology is now accelerating with most serious offshore explorers either using the technique or analysing in depth the value of using it.
I believe that it is only a matter of time before shareholders and licensing authorities will expect exploration teams to automatically consider using CSEM data in addition to their more familiar 3D seismic."
For further information, please contact:
Offshore Hydrocarbon Mapping plc
www.ohmsurveys.com
Dave Pratt, Chief Executive 0870 429 6581
Aquila Financial Limited
www.aquila-financial.com
Peter Reilly 020 7202 2601
Yvonne Fraser 020 7202 2609
KBC Peel Hunt
Julian Blunt 020 7418 8900
David Anderson
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press release (including interim report)
[PDF, 84KB]
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