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That's always been the case baa heid !
150k bought
Talbot subsea infrastructure going in
Valaris rig may go over to skerryvore for a dig if contract can be sorted
Chart readers, nothing more.....
Or maybe paid propagana for an interested party, who knows....
We know the value and where this is going £2-4
Interesting article directly regarding PMG. Thought worth sharing for any who may not have seen it.
https://simplywall.st/stocks/gb/energy/aim-pmg/parkmead-group-shares/news/theres-reason-for-concern-over-the-parkmead-group-plcs-lonpm/amp
I think we creep up to 34p until news.....
Looking good though
Glad I picked up a few at 12p and 15p....GLA
Cavendish value is currently £0.50.......The discount here is unbelievably low , Surely we can push on through to £0.40 in the short term.
There's an abundance of news due to be delivered !
When news comes this will rocket IMHO....
Still cheap at 20p
Down very slightly from November, but Diever appears back on stream, and LDS looking good.
435 boepd net to PMG:
https://imgur.com/vCVhYNQ
Why would harbour buy it ? Are they not wanting out of the North sea.
There's oil there Cross will give nothing away.
Pollock !
Harbour will buy it out or free carry on drill
Rigs over nearby talbot ready for tie back
Subsea infrastructure being installled
Assume 70mbs from Skerryvore to PMG. { maybe more }
Assume price of oil £65 pb. { probably more}
Assume profit of£20 pb after costs.
109m shares in issue
This equals £12+ per share.
Are these assumptions wildly optimistic or rather conservative?
Just trying to imagine myself well off after all these years !!!
D172 - Can you copy paste the article please?
What a tit !
No probs
Hang in there both will be fine
Further contracts at plexus and skerryvore waking up
Hello mate, POS and PMG seem to be neck and neck, both well down but who's going to win the race?
Only a few grand on POS but lets see, if I double my money i'll buy you a beer.
And we are valued at cash in bank or there abouts.
Skerryvore the 'Well to Watch' 2024 155 million barrels and in Tom Cross' words analagous to Pierce!!!! DYOR into Pierce
https://www.energyvoice.com/oilandgas/north-sea/exploration-production/548401/skerryvore-the-uk-north-sea-well-to-watch-this-year/#:~:text=Analysts%20have%20named%20Parkmead%20Group's,one%20considered%20%E2%80%9Chigh%20impact%E2%80%9D.
https://www.energyvoice.com/oilandgas/north-sea/exploration-production/548401/skerryvore-the-uk-north-sea-well-to-watch-this-year/#:~:text=Analysts%20have%20named%20Parkmead%20Group's,one%20considered%20%E2%80%9Chigh%20impact%E2%80%9D.
Analysts have named Parkmead Group’s (AIM: PMG) Skerryvore as the UK North Sea well to watch.
Westwood Global and Wood Mackenzie have marked it as the most prospective exploration well going in 2024, and the only one considered “high impact”.
Parkmead is targeting 155 million barrels of oil equivalent of pre-drill resource from the project.
Drilling is expected to take place in Q4 of this year with opportunity “for a number of low-cost tie-back options”.
When the project was approved in 2022, Parkmead pointed nearby activity on Harbour Energy’s Talbot, Neo Energy’s Affleck project, and work at ConocoPhillips’ Tommeliten A, which sits close to Skerryvore over in the Norwegian sector.
Parkmead is operator with a 50% stake, partnered with Serica Energy (20%) and CalEnergy Limited (30%).
Eight wells targeted in 2024
“UK E&A activity is expected to be maintained in 2024,” said Westwood Global, which is targeting total pre-drill resources of 325 million barrels of oil equivalent.
“All wells are infrastructure-led exploration (ILX), with one well also considered high impact at Skerryvore, targeting pre-drill resources of 155 mmboe. There are 13 companies expected to participate in E&A drilling in 2024, with NEO Energy and Harbour Energy being the most active.”
Hey buzz
On our way back to reality,50p
This is Parkmead's year,I can feel it!!
As far as I'm aware SCOTT PARTNERSHIP are a professional marketing company and would have nothing to do with Scott platform please dyor.
Be there long before April !
34p target by April....
Don't think so ! 🤡
Scott Decomm plans underway