Will Cross Tom be on the march next year? I think he will. Prices of gas/oil should be crawling up through the year. and Tom is still a very shrewd man. So all you grumpy " experts" I hope you have to eat yer words As young George said. You gotta have faith. Watch the Tic hammer the newbies on Saturday Great end to the year .All the best to all for 2017.
All resolutions passed . TC reserved most of his comments to describe what was happening regarding the Perth Field and greater area and PMGs interests in the Southern North Sea . Regarding the former , in order to obtain maximum economic viability work is going on apace in order to enlarge the greater Perth area both by attracting other operators to join as well as PMG acquiring other fields/interests themselves . The timeline for ' things to kick off ' there is expected to be in around18/24 months . Discussions are also currently going on with Statoil regarding cooperation in the sharing of costs of getting their oil ashore . Statoil are in control of certain prospects in the south of the greater Perth Area .
As far as the southern North Sea is concerned , discussions are going on with a number of parties including some from Korea in order to determine how to bring the gas ashore . Apparently there is a fair amount of space in existing pipeline infrastructure that can be utilised . The timeline for bringing gas ashore there is approximately 24 months .
I recently transferred my holding with PMG to an on-line broker so that must explain it. I wonder if any questions were asked about the seemingly slow progress re deals etc. It is hardly " accelerated Dana" at the moment. Cheeky bids will be hard to get accepted as the POO rises.
There was not one. A letter to shareholders on 20th. November advised as to the date. If you hold your shares in a nominee account you will not have received one. If you want to attend the AGM in future you have to apply to the bank etc. who is acting as your nominee for them to confirm you are a shareholder via a nominee acount then you can attend. GLA.
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