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Lots of selling over the last few days and now 2 large buys......something is brewing!!
TC won't be selling this for less than £1.50 imho
Think we get a TR1 soon. wouldn't be surprised if we were a target at these prices. Iknow that TC sees massive value in Parkmead. He is going to have to start fighting for it imo.
Were those 2x 78k buys?
It pays tommies £50k each month
Where is the problem here?
We’re still basically talking about keeping the lights on sort of money.
Gas prices low
November's production rates now published.
The bad:
- Brakel is still shut in and not producing - since March. Is it a gonna?
- Diever is shut in and produced nothing.
The good:
- Geesbrug is bubbling away.
- Grolloo is back up again to levels of a few months ago.
- LDS produced more than 4 times previous month's figures (>24m Sm3), and plenty of condensate (>1,300 Sm3)
The previous six months' average production net to PMG was 236 boepd. November's figure was 445 boepd - the highest it's been since December 2020, and that's with Diever shut in (hopefully that's only temporary). If Diever was producing at the same rate as in October then it would be up near 600 boepd - in line with 2019 levels.
Nice. GLA!
Production graphs if anyone interested:
https://imgur.com/WKXb6RT
Things are looking very up. Production figures released today for November...LDS looking very nice.
Robs12 thanks for update. Production year on year is down, but the rate of decline has been reduced by LDS coming on stream. It looks like the Geesberg production enhancements are also bearing fruit. When you look at Q1 production reduction YOY compared to Q3 YOY, this has improved, it has not eliminated the decline in Diever or the loss of Brakel production but has helped mitigate significantly. Another few months of production figures will confirm this trend.
Buzz, hope your ok
Have you been selling heavily here ?
Bobert
Always shows up with negativity !
PMG don't produce any oil, and if they ever do get around to drilling Skerryvore it will be several years before it is producing.
None of their multiple oil 'assets' that they have acquired since they were formed have ever come to fruition, so nobody in their right mind is likely to attribute any significant value to the few licences they still have an interest in.
The gas price might be up a little, but their production figures are lower than last year. The new LDS well now has two months production reported and it's not looking inspiring - 5000Sm3 produced in September and October.
Net production to PMG is 275 boepd (October latest figures, November's figures should be out in a couple of weeks) - lower than a year ago, even with the new LDS well now producing. No wonder they haven't announced it...
Production graphs here if anyone interested:
https://i.imgur.com/PIAS4ZP.jpg
Yes mate........AIM stocks seem to be stuck at lows general!
Hoping PMG will end blue today, but surprisingly no movement yet.
Buzz ? You ok
Seems to be a few sells about today, one quite large
Bought back at just over 14p.....happy with that
Thanks
Buzz
Some mugged off at 13p this morning POS
Down 4p up now
Keep with it
2024 profits £5m plus
Also had a small top up today holding off a larger top up in case we touch 18p moving average support but really like the spread of oil gas and renewables with this company
HNY
Sold my POS on yesterdays rise….
Seems to of dropped off a cliff since?
Bought more PMG
Do you think worth buying POS back at these levels?
Dose anyone know the split between gas ,oil and renewables quick look through the annual accounts and can not see anything Thanks
Hey Buzz
HNY man
Lang may yer lum reek loon
Double up for another £560 and half your average,you’ll be out with a profit within 2 years…..better still add another £1120 and you’ll thank TC in 2 years….
Lots here including myself have shares at £1 and £2 plus….my average is probably still 40-50p now,averaging down is the only way out with a nice profit after so many years.
Target is £1.50-£3 for me by 2025
Good luck whatever you do
Rabmccall
You are still breathing......average down young man.
Toms put £15 million in and not thrown the towel in.
Positivity is life !
All you lucky people on an average of 20p that was about my average in 2013 when there was a consolidation it went to 277.13 per share so i now have 2798 shares for a cost of 7754 pounds thank you very much Tom