The contents of the RNS contained nothing that wasn't already known and consequently won't have any real effect on the sp and it could have a detrimental effect if meaningful news isn't released very soon . As far as Pharos is concerned I am of the view that the results are known by now . PMG is probably trying to some sort of deal on the back of these results .
Just want to clarify something. Have been in PMG for a long time. We have been waiting for Pharos info for an age...... the RNS doesn't give us any new info on this does it? It says exactly the same as the 19/11/13 RNS doesn't it? Ie - potentially valuable.... and .... evaluations still being undertaken....
So we are still waiting. Out of interest does it usually take such a long time to evaluate data? Good RNS I feel and if Pharos is going to be a good outcome that is when we will get our boost I would think.
this will start moving up now, the gas discovery Pharos well which people was getting worried about because some prixk saying he was on the rig is clearly a great discovery and still happening. Parkmead trebling oil production from the Athena oil field, by acquiring a further 20% interest from EWE VERTRIEB GmbH. Parkmead's net oil and gas production has grown by over 700%..... total blocks awarded now at 30 and multiple applications for new licences going in. acquisition of Lochard Energy complete providing us with a substantial increase in production, revenue and cash flow..... and the list goes on...
Must admit I thought I was in a parallel universe this morning seeing the comments on here and nothing on ADVN my trading platform. I did manage to read it on here earlier. Just appeared on ADVN. Looks like short term traders taking a quick profit and good luck to them. Next week should give us a clearer picture.
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