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thanks for the info......lets hope so
Buzz, no, that is natural depletion of the wells - see the graph linked to. Essentially the rate from the four wells has halved over a two year period.
There is a plan to drill another well from the Diever well site late this year/early next, which will hopefully bump it back up again.
Buzz best to ignore Bob
Never writes anything positive about Parkmead.
Should I say warmer.....sorry April isn't summer,I read that too quickly and its early hahaha....
Gas production surely shrinks as we come out of the winter months?
It is summer.......
The lowest it's ever been - 267 boepd net to PMG in April.
https://i.imgur.com/ZpWOfKI.jpg
BJoe
However I'm anticipating 6 months for GPA news to fully come through hopefully sooner !
SotB - Nail on the head - It's now or never time for PMG
BJoe
Very true till now or never !
SotB - Not much use having great unrisked reports when they don't bother to get the stuff into production
Bob
What's a decent GPA deal cause it's £3.67 unrisked with 100% geological success......Going to blow the £1.60 unrisked out of the water in my eyes but then again I'm biased !
Indeed marineclark. If they can't a decent GPA deal announced soon in the current climate, then it ain't happening (IMHO).
There is a reason why its called investing. Not expecting the price to hit the risked price targeof 160p overnight, unless we get the farm out news of course. And speaking of fossil fuels, EU,UK are going to need every barrel of oil/gas it can get its hands on. The conditions for a farmout is never going to get better than now, which is why I don't expect to have to wait too long for some news.
Yes , yes …..we’ve heard all this ad infinitum . What we want to hear is not you but Tom Cross telling us what he is doing to improve the performance of this share . This is all jam tomorrow . By the time any of these ‘ripe developments ‘ eg Perth come off , fossil fuels will be banned . Perhaps you ought to be attempting to enthuse Mr Cross ….not us .
BJoe
25 million at least sitting at Parkmeads disposal Chancellor encouraging banks to lend to oil and gas company's . Windfall legislation to be announced next month !
Promises of 'news rich periods' from PMG are fantasy as usual.
SP current slide back in progress to mid-thirties is much more the norm.
It seems to happen every time SP gets above 50p - at least they are consistent in that.
It's going to be a long wait in the doldrums until Nov. & the current rate of progress suggests nothing very exciting anyway.
Mid summer. https://tradingeconomics.com/commodity/eu-natural-gas
Parkmead just so cheap. Management's fault though and I hope they fix it with the news rich period promised.
Cash coming in is suffice ! A Farm out for GPA will take weeks rather days to conclude collaboration is more than one entity !
Edinburgh drill still taking place let's hope it's a stonker and give Skerryvore respect !
And it's the middle of summer!! Nice cash flow, but where are the details for our Dutch drills Parkmead? And the Hub. And Skerryvore. And the wind farm. No wonder the share price is so low. I hope theres a Tsunami of news soon. Share price should move very quickly then, but Tom's lack of comms is negligent to shareholders imo.
Price still consolidating, but bouncing back strongly after the 50 percent pullback from the recent 54p highs. Creaping back up to 54p now. A run to 60p looks promising. Still someway to go to the risked 160p target, so lot of upside to come.
It's just one we'll planned from the Diever wellsite, still haven't found any application. They are listed on NLOG site I think.
Wheres our update on the Dutch drills that are planned / confirmed?
There's still oil there not sure what quantity....I'm sure previously Parkmead were looking at drilling another well before the last oil slump.
Any chance the above could be re started given the current oil price or is it a dead duck?