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htrocka - Fri, 31 Dec 04 :

.....Especially Steve Remp...who`s 11% holding,once worth nearly £36m now worth a little over half a million (that`s if he could sell them)......along with the institutions that backed him at £3 a share, their £9m is also down to about half a million....yet everyone`s still `hangin in there`. Having looked back on the demise of this share price, it seemed to have began with a brokers note that never made the stock exchange...never the less, the damage was done, the company has since also confirmed that 7h has performed below expectations and we`ve still to see what the Innogy gas sale agreement has cost the company,but also stated that a re-appraisal was in hand being acted on.The oil game, by it`s very nature, is a tough game to be in and you have to be a special kind of person to have survived thus far. Oil runs in Steves blood-line and veins, it`s his life.Although Ramco is the `face` of H7, neverless, a great number of third parties have interests in the succesfull outcome of the project...not to mention, least of all, the Irish Government and it`s citizens, who ultimately will be the biggest winners or losers in the project. If any one can turn this round...it`s Steve Remp.


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