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Oh yes I remember Dana, however there are not many of us left who can .While trying to understand some strategy here I find I am repeatedly asking myself who has benefited most from PMG over the years since then? Long term holders , day traders or whom ?
Yes totaly agree, TR1 would be welcomed news
To all Long Term Holders,
Pmg are building a stronger position in the energy market getting better and better....
Without a doubt. Some massive buys been going through recently. Looking forward to finding out who has been accumulating. TR1 soon?
Dropping for the big boys ,last stop under 60p me thinks,
Pleasure steady building up
Our time is coming....boooommmmmmmm
Russia halting gas supplies to Poland. PMG has to get some of its assets on line as quick as possible.
This has been going on since Christmas. Think we have a fund accumulating. TR1 soon imo
Higher oil and gas prices will undoubtedly encourage more investment in the North Sea – so long as market participants don't view this as a short term thing. The UK's North Sea Transition Authority (NSTA) estimates that remaining UK recoverable petroleum resources are in the range of 10–20 billion boe.
Parkmead are a big part of this statement !
Robs12
In the bigger picture 10 % drop is small change......
The share price has consolidated ......plenty of events coming up to rid Parkmead of pence to pounds .
We all know the Dutch assets are getting redrilled .
Can you get some positivity in please Rob . What's the cost of a land rig in Holland per day ?
Updated production graphs for each of the four wells:
https://imgur.com/kmaQ3AC
Not great reading....:
Overall production down from 310 boepd in January to 278 boepd in February (down 10.3%).
Diever down 11.4%...
Great find,
I will be buying into any dips,
Parkmeads Dutch assets will be expedited. https://www.reuters.com/business/energy/netherlands-aims-end-use-russian-gas-by-end-year-2022-04-22/
UK - expect to see rewin of Platypus and expedited development. I know many think Platypus is gone but TC has stated that we may get a new license ‘in due course’. I am sure we get it back and JV with Cal. Could be very positive for Parkmead
Skerryvore and Hub farm ins? Serica awash with cash.
Daavar is a big prospect and near to Cambo. Currently processing seismic. May well be able to sell this now or once data room is complete
TC has been growing the hub for years. He is committed to it. CNOOC selling Scott. Could give a cheap (relatively) and quick RTM for the hub. CNOOC won’t want those decomm costs and we may get a great deal. If not FPSO still a possibility.
Think we see pounds rather than pence and hopefully soon.
Agreed had to buy another 9500 @ 56.8
Way under valued just based on assets.
One day Tom cross will update us with some action.
Remember Dana ??
God luck all holders
Chris
Have to be a buy given yesterdays's price action
Unfortunately, the war in Ukraine continues and looks set for 2-3 months. For those running a home that is not good news in terms of energy prices and prices will remain high as Europe reduces its purchases of Russian gas and Oil. One of the few beneficiaries of this dismal situation is PMG, whose coffers are slowly filling as a result of the unhedged position.
To offset the future cost of energy, I have added more PMG and await some interesting news. In the meantime, the asset value of PMG in terms of cash and actual assets will continue to creep up, hopefully at some point this will be better reflected in the sp. Cannot fathom today's sp price action and await the results for some clarification as to how PMG is doing and trust that they are producing as much gas as possible, perhaps TC will give us a little more strategic direction at the same time.
https://t.co/IXDVOosBYJ
European gas set to go higher
Bed and ISA finally went through today. The two £20k sells were actually a sell and a buyback. Looking forward to the move here. Will be a good one
Every $10 increase in POO ads $150mil to the NPV of the hub. TTF prices will increase too. Parkmead resources increasing in value massively. Too cheap atm https://www.zerohedge.com/markets/full-embargo-russian-oil-would-send-brent-185bbl-jpmorgan
Pretty sure this land is not arable. it is sitting there being unproductive at the moment. Probably loss making.
If he had got off his backside and had planning in place then the CfD round would have come into play, which would have opened up debt funding. Too late for that now.
I really see no excuse for the lack of progress here.
Furthermore we have been told for years that studies are underway. Well I’m sorry but studies do not take years.
I am happy enough to not see updates on the oil and gas projects (certainly pre Ukraine). Largely out of Toms hands and no point in putting out bull**** announcements like some companies do.
The price for barley and tarries is going up although fertiliser costs increasing
May explain delay to planning here
Mmmmm what's the title say ?
All the hardware in the world is useless without planning permission so why no application yet?
Mrcmrc
The land cost peanuts compared to the cost of the hard ware parkmead are going to put on it. What would you do use all the cash and have nothing left for GPA
Son of
Why buy land and sit on it when you have cash to develop and nothing else to spend it on??
Cash has been sitting in the company for the last 7 years doing F all.