Given EVG's continuing large stake in IP2IPO, the following news from yesterday's Telegraph is of interest:

"Offshore Hydrocarbon Mapping, a Scottish business which hunts for oil and gas reserves, surged 24pc on its first day of trading yesterday.

"The company raised £10.7m by placing 6.3m new shares at 170p on the Alternative Investment Market, valuing OHM at £49m.

"Shareholders including Southampton University and investment group IP2IPO made a further £4.7m from selling down their stakes. OHM's management team cannot sell shares for a year."

Full story at http://www.telegraph.co.uk/money/main.jhtml?xml=%2Fmoney%2F2004%2F03%2F12%2Fcnoff12.xml