Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Scooby doo. Then go do one of if Ur not invested here .. find one u want to believe in ..we certainly dont need investors like u . Cheerio!
SOB you certainly have patience fella, I will give you that, I thought I was a patient person, but I couldn’t just let my money lay dormant here for 10 years, it’s absolutely ridiculous! Even you must see that nothing has happened here for years, all this talk of wind farms, etc, I just don’t believe TC anymore, he is looking after himself, loans to other companies, Perth is just a pipe dream, pardon the pun,
I hope this does give you all the reward you truly deserve, but I fear it won’t, Dana days are gine, you are only as good as your last deal! When was that?
Does anyone know John Muir in the oil business ?
Patience will prevail.....
Must be getting desperate now recycling old news, didn’t The same Thomas Cross say he was eyeing up to 12 companies, running the slide rule over were his words, what happened there? Nada, all these companies tripping over themselves to invest lmao! Just like all the Banks lining up to loan him money, he is a bull****ter plain and simple,
Keep getting sucked in! Toms a great salesman I will give him that!
Since it has gone a bit quiet here (hoorah!), a few snippets/reminders from the November prelims and subsequent press coverage:
“Energy firm Parkmead Group will inevitably show up on the radars of prospective buyers if its current growth trajectory continues…”
“Executive chairman Tom Cross said the Aberdeen-headquartered firm’s upcoming UK North Sea projects would prove the company was “high quality”.”
About the farm….“The land is well suited to wind, solar and biomass schemes and Mr Cross revealed Parkmead had been approached by some “very big companies” who are keen to work together on renewables projects.”
“Parkmead hopes to tie GPA back to Cnooc International’s Scott platform and believes the project could deliver 75-130m barrels of oil equivalent.
Parkmead is also a partner in Dana’s Platypus project in the southern North Sea, from which first gas is scheduled for 2022.
Mr Cross said projects like those would put Parkmead in the line of sight of larger companies capable of making large acquisitions.
He said: “I’ve been here before. There comes a point when you come on people’s radars because production is at a level that makes you more recognisable. That’s the nature of where we are.
“We have rising revenues, profits and reserves, so any industrialist looking in from the outside will start to realise this is a high quality company.
“We’re not worried about that. We’re just driving ahead. If someone comes along and wants to partner with us or buy us we’ll deal with that.”
“The company has a cash balance of £30.7m, which leaves it well-positioned for future acquisitions, according to executive chairman Tom Cross.
Parkmead is “actively evaluating” deals and was active in the UK’s 32nd offshore licensing round, which closed earlier this week.“
(The above courtesy of Energy Voice)
The prelims saw a change of language about GPA negotiations – from “entered into commercial discussions with the Scott field partnership…in order to EXPLORE terms for a tie-back“ back in March..to “…potentially AGREE terms for a tie-back..” in November (my CAPS).
Press & Journal article stated “A final investment decision is slated for spring 2020.” ref GPA.
IMHO, PMG are looking ridiculously undervalued at 40p (market cap = £43m), given that they are producing, profit-making, cash flow positive and have net assets of £68.3m (as at November).
With cash of approx. £31m, a farm (undeveloped for renewables) valued at £7.6m, and subsidiary Aupec (£2m?), that means all the O&G assets are in the price for about £3m, or 3p/share.
That’s £3m for 2P reserves of 46MMBoe and 2C of 100.8MMBoe.
And Platypus first gas scheduled for 2022, GPA deal possibly any time now, two West of Shetland blocks, Skerryvore WIP…and possibility of further deals imminently, and 32nd licensing round due to be announced in a month or two’s time.
GLA!