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Parkmead Share Chat (PMG)



Share Price: 55.00Bid: 54.25Ask: 55.75Change: 0.00 (0.00%)No Movement on Parkmead
Spread: 1.50Spread as %: 2.76%Open: 55.75High: 55.75Low: 55.00Yesterday’s Close: 55.00


Share Discussion for Parkmead


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thompson
Posts: 1,398
Off Topic
Opinion:No Opinion
Price:62.00
Solid RNS.
24 Mar '16
Interim Results for period ended 31 December 2015
Thu, 24th Mar 2016 07:00
RNS Number : 1473T
Parkmead Group (The) PLC
24 March 2016

24 March 2016

The Parkmead Group plc

("Parkmead", "the Company" or "the Group")

Interim Results for the six-month period ended 31 December 2015

Parkmead, the UK and Netherlands focused oil and gas group, is pleased to report its interim results for the six-month period ended 31 December 2015.

HIGHLIGHTS

Successful fast-track development, substantial increase in gas production

· First commercial gas production achieved at the Diever West gas field in the Netherlands, following a successful fast-track development

· Excellent Diever-2 well is outperforming, averaging approximately 30 million cubic feet per day during February 2016(approximately 5,100 barrels of oil equivalent per day)

· Diever West field brought onstream within just 14 months of discovery

· Low-cost onshore gas portfolio in the Netherlands produces from four separate gas fields with an average operating cost of US$14 per barrel of oil equivalent

· Further production enhancement work planned on Parkmead's Netherlands portfolio, including new wells at the Geesbrug and Wijk en Aalburg gas fields to maximise production, serving as a natural hedge to the current low oil price environment

· Significant development opportunities exist within Parkmead's Netherlands portfolio, in addition to low-risk exploration upside such as the Rotliegendes De Mussels prospect

· Detailed technical work has allowed Parkmead to high-grade its portfolio and release non-core acreage, significantly reducing licence costs

Significant progress on valuable development projects and additional licence award

· New minimal platform concept at the Platypus gas field further increases the attractiveness of the development

· Awarded a further new UK offshore licence, completing an excellent 28th Round for Parkmead

· Parkmead's new licence is located in the highly prospective West of Shetland area targeting two new prospects (Sanda North and Sanda South) adjacent to existing Parkmead licences

Building substantial oil and gas reserves and resources

· 2P reserves of 23.5 million barrels of oil equivalent as at 31 December 2015

· Contingent resources of 41.9 million barrels of oil equivalent as at 31 December 2015

Well positioned for further acquisitions

· Six acquisitions, at both asset and corporate level, have already been completed since repositioning Parkmead as a new independent oil and gas company

· Parkmead is well capitalised with US$43.8 million (£29.6 million) of cash resources as at 31 December 2015

· The Parkmead team is evaluating further acquisition oppo
 
MaryMullins
Posts: 386
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:62.00
RE: A little promise of action
23 Mar '16
Good business for CLNR buying into those licences for £1. I wonder what Verus will want in return? Some of CLNR'S SNS gas assets.? Interims now due for PMG and it will be the worst set of results ever issued and hopefully ever will. Athena shut in so revenue will fall off a cliff and unrestricted cash left around £27M.
Could be something or nothing but Atlantic Petroleum have delayed their results until after PMG. Personally expecting more pain, anything else will be a bonus. Long term alongside FPM the best managed junior oilies.
percyentage
Posts: 5
Observation
Opinion:Weak Buy
Price:60.00
A little promise of action
23 Mar '16
CLNR, the natural resources investing company with gas assets in the Southern North Sea, is pleased to announce that it has signed Heads of Terms with Verus Petroleum (CNS) Limited and Verus Petroleum (SNS) Limited (both wholly-owned subsidiaries of Verus Petroleum UK Limited) ('Verus') in relation to the proposed acquisition of up to a 25% participating interest held by Verus in three licences located in the Central North Sea and the Moray Firth. These licences, two of which are effectively drill ready, are operated by The Parkmead Group, which estimates the potential for 400 million barrels of recoverable oil in aggregate.
buzzlightyear4
Posts: 6,409
Off Topic
Opinion:No Opinion
Price:67.00
RE: Panmure Gordon
18 Mar '16
I called them about two weeks ago,42p was a mistake....

£1.05 will be smashed very soon imho ,so undervalued,lots of good stuff to come,top share!!
Isengard7
Posts: 2,894
Off Topic
Opinion:No Opinion
Price:67.25
Panmure Gordon
17 Mar '16
Increased their target price is 105p. stark contrast to the 42p they issued last month.
Isengard7
Posts: 2,894
Off Topic
Opinion:No Opinion
Price:67.25
WTI & Brent
17 Mar '16
Both broken through $40 now.
Pherber
Posts: 44
Off Topic
Opinion:No Opinion
Price:68.00
RE: quality
16 Mar '16
It is but that's Osborne's tax cut to oil producers from 20 to 10%.

Also, OPEC to meet next month to discuss freezing productions rates. With Russia withdrawing from Syria expect to see more cooperation between OPEC members.
steven49
Posts: 4,178
Off Topic
Opinion:No Opinion
Price:68.00
quality
16 Mar '16
great to see this company rising,quality stock
MaryMullins
Posts: 386
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:63.00
Atlantic Petroleum
9 Mar '16
buzzlightyear4
Posts: 6,409
Question
Opinion:Strong Buy
Price:65.25
260k shares sold/bought on the 4/3?
7 Mar '16
another top up by an ii?

would be nice if TC was topping up.......

Can see this climbing back to the placement level soon £1.20

Been topping up since 44p....only a matter of time before this goes North!!!!




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