I would agree . It's well over two years since we've had a substantive RNS . We're sitting on a pile of cash and doing nothing with it ......and our major investors must be wondering what we're playing at . It's all very well saying that "we're working hard in the background" but there's no apparent end result . In the meantime others are taking advantage of low rates and take over opportunities . TC can't rely on past performances forever .
What's going on with this company, no shares traded and the price of oil is nearly 50% ( going up ), and the share price is falling which leads me to believe there is something ( internally ) with this outfit.
Hi Taudelta Parkmead business model built on oil @ $50 p,b. Development costs on Perth rumoured to be break even @ $38 p.b. Seems a bit ambitious to me but let's hope it is true. Current price of oil is only relevant to PMG's reserves as they have no production at the moment. Gas in Netherlands is around $11 op.exps. Certainly plenty of assets available. The FDP should have gone for Platypus by now but perhaps other possible aquisitions will be included when it is submitted? GLA.
Isen .. I'm using $41 for total costs in N Sea .. Dutch gas much less than that per boe. Mary .. snap, I'm in those three, as well as management quality the valuations are reasonable and they all have CASH! GLA ..
With one of PMG'S partners (Atlantic) already re-inventing itself as a real estate entity anything is possible. I only hold three oilies PMG, FPM & HUR as much for the calibre of management as anything else.Nothing would surprise in this sector at the moment. GLA.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.