Ann: Trading Update, page-21

Hi Goldbear.

You have made some pretty strong statements however you have never to my knowledge addressed the massive oversupply of OSV assets ready to come to market.

The supply demand for vessels is at the heart of any recovery or failure.

Stomping on about oil prices is something you are doing and I've seen so many posters before come and go from these forums after no doubt they lost a chunk of capital.

Can you please in your discussion talk about MRMs business, which is driven by the day rates they get when they rent their boats and the amount of utilisation of their assets.