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Hi new poster NQM,
The last website update was 2nd June 2021 from what I can see... an issue of shares under the company's deferred share payment plan. Paying themselves in other words.
Why not update the rest too?
I am not suggesting anything illegal is happening...just that PMG are really, really poor in letting shareholders know what is going on...and keeping their website up to date. Really truly crap actually.
But I have been saying the same for many years and believe there is good reason behind it, so don't get me wrong. As you will know from my posts, I have a significant stake here.
This is a strong buy IMHO, but I still don't like the smokescreen....
DYOR
Good point Robs12, as investors we need to realise that websites are frequently out of date.
Why? Only rhe investor can decide why they think that is.
The website makes it clear that it was last updated in April 2019.
I'm not saying it is right to do so but it is there in black and white.
The only sources of information you can trust from fully listed companies are regulatory announcements. AIM listed companies are so lightly regulated that even those can be unreliable.
The annual report for full year 2020, signed off on 19th November 2020, lists the licences held then on page 18.
Sanda P.2296 and Davaar P.2406 were ours then, as long as the company updates that list in the 2021 annual report they have done nothing illegal as far as I am aware.
All the best to fellow holders
I've mailed PMG a couple of times ref whether they still have the WoS licenses - no response.
According to OGA they still have Davaar (P2406) but Sanda (P2296) has been relinquished on 18/02/2021.
No reason to think that is not the case?
PMG's website is way out of date, and still shows them as having 100% of Polecat and Marten, both on the map and in the text, despite having relinquished them in January 2020!
Lowlander (P2362, part of GPA project for many years) was relinquished 30/09/2020 too. Still shown on the website as theirs.
Not sure if it is just laziness or a deliberate attempt to misinform...
Doyle172
Wiley Tom has his fingers in a lot of pies these will generate £s to the share price in the not to distant future.
https://www.thetimes.co.uk/article/uk-prepares-to-approve-oilfield-despite-cop26-climate-conference-0wlxjm7tv
Cambo West of Shetland
Parkmead acreage is less than 20km from Cambo and has been derisked with seismic. We have 205 million barrels recoverable on a P50 basis. The area is being developed as a major new energy hub. No way we should miss out here. Can anyone confirm that we still have the licenses? These are not assets that I thought would bring anything to the SP for a long time, so I have not really considered them, but again big prospective assets in an area with great infrastructure for route to market. How nice would it be to have some news from the left field?
Parkmead acreage is less than 20km from Cambo and has been derisked with seismic. We have 205 million barrels recoverable on a P50 basis. The area is being developed as a major new energy hub. No way we should miss out here. Can anyone confirm that we still have the licenses? These are not assets that I thought would bring anything to the SP for a long time, so I have not really considered them, but again big prospective assets in an area with great infrastructure for route to market. How nice would it be to have some news from the left field?
Aptly named the Corona ridge !
PMG assets directly amongst Siccar points licenses, Possible sale or keep a fraction for a free carry?
The cambo project west of Shetland looking to get the nod anytime, positive news for those with assets west of Shetland.
https://www.thetimes.co.uk/article/uk-prepares-to-approve-oilfield-despite-cop26-climate-conference-0wlxjm7tv