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Hopefully, believe it or not 60p is my average after 12 years of sitting this out!
TC might be reading these posts and buying up the free float,
60p broken this week......who's with me?
As I said before, don’t have an opinion as the inner sanctum won’t be happy with someone having an opinion and asking questions of PMG in this democratic world..
Comms have been PP and that’s why people are getting stale and not happy, the price has flat lined since 2016!
I can’t see any excuse for not submitting wind farm planning. Or giving really any update at all on progress there.
Agreed. He has been hiding his time and been very sensible but now seems the time to make clear what the strategy is going forward. We have all the pieces of the puzzle but it would be good to have a better idea how they will all fit together. Very excited by the prospects here still. After 5 years of building a stake.
Yeah ok but we have to understand that Cross has been given the run around with oil price collapse in the mid 10s
Covid -19,Cop 26 ,Energy security and Energy prices going through the roof !
Sometimes best to keep quiet amongst all that events not knowing which way to turn.
Parkmead are a renewable energy company we didn't start out like that..... We should move fast this year and next !
GLA
I get that. But not everyone could make the AGM. Christmas time a very busy time for most. TC or rather Parkmead and its shareholders would benefit from some free flow of comms. I have no doubt that we would be sitting significantly higher if shareholders felt that TC valued communication with them. Lots of stale bulls who might be happier holding if they had a little more understanding of what is going on.
Doyle172
All these points could be discussed at the AGM !
I know some here have pretty big holdings. Myself included. Whilst I am very optimistic I understand and also feel the frustration myself. Why don’t we all email Tim across requesting an interview on Investor Meet Company? About time we got some input from the boss.
I am sick of seeing people having an opinion and being shot down in flames and being called scaremongerers…you know who you are!
Like the rest of us, we are getting a tad hacked off with the performance of PMG, no info streams, no updates and view share holders as a mere hinderance. Whether you have invested £2 or £2m you / we deserve more and stopping the misleading information about acreage would be a start!
Hopefully TC will reward his LT (12 years now!) holders with decent dividends. I refrained from recent EnQuest bond in preference to PMG hopefully that wasnt a silly decision! GLA
Monmur
I was not suggesting yourself as a scaremonger ,they know who they are . We will never know if FPM walked away from GPA for returning a favor to Parkmead. What with the price of oil and equity companies buying into the North sea it's now or never for a few minnows Jog Orcadian energy and Parkmead to stake there claim with farm ins and investment .
Don't think I am a scaremonger SoB, just that I have done my time. I did think at one time Tom Cross would be in the running to head up Serica as the Exec Chairman ACW is reaching retirement age -through merger or buy out of PMG. it didn't happen and my own thoughts are similar to Faroes Petroleum on the GPA that they walked away from.
I do indeed see the metamorphosis of PMG into a different company, renewables and gas and its MC will increase in time.
I will watch with interest and may well repurchase, you never know. I've even bought LBE at 50p , even though I have a tad of angst with the ex FPM management that increased MC multiple times without any real increase in SP. GLA.
Share price currentley bottomed out.....Don't listen to the scare mongers
They also playing the share out with Hype !
We see some action soon. There have been delays as so many moving parts changed due to Covid. TC hasn’t played it as well as he could have, but he is not known for risk taking. Everything is aligning for some serious action here. ‘Dana Mk 2 on steroids’ (he sold Dana for $1.6 billion!-) Platypus will come back and be expedited. GPA FID and farm in? Skerryvore drill. Wind farm. Other deals. I completely get the disappointment here and wish I had invested in Serica. But at current prices I put PMG above a Serica by a long way. Chance for exponential share price growth. The North Sea is a much safer bet now geo politically and Tom Cross has bided his time. Much less risky now than two years ago! Mid tier energy company in the making. Available at a phenomenally cheap price.
Monmur
Decade ! Are you being fooled by the Robs12 brigade ? Tut tut.
I admire your positivity and wish you well with Parkmead. I personally found it a value trap, having bought in 2007 and have recently sold all my holding for a small profit, having averaged down each time we bounced in the 30's.
There are a lot of folks been here a lot longer than that waiting for planet alignment.
As I have a substantial holding in Serica it would be nice to think that Skerryvore has 157m barrels in place - but I guess we won't find out until Mr Cross finally gets round to finacing a drill.
Like you quite rightly point out the company is remaking itself, but I personally don't have another decade to give.
Now where's my ticket for this years Marcliffe Charity bash. GL>
https://www.energyvoice.com/oilandgas/north-sea/402302/new-north-sea-oil-projects-could-deliver-1-5bn-barrels/
Probably nearer £30 mill in bank
£4mill owned farm land with plans for large scale wind farm
£3 mil owned wind farm with supply contracts
Producing Dutch gas assets. Committed for further drilling of Dutch licenses
Skerryvore 157 m barrels in place. Partnered with SQZ who are very cash rich
GPA hub 100% Parkmead and 8th biggest North Sea oil project available for development. Scott platform for sale. Tom Cross has bought platforms before for peanuts with Dana to great success. Repeat this and we become mid-tier producer very quickly
Platypus will come back as JV with Warren Buffets Cal Energy. 15000 boepd Expect this to be expedited
Shetland fields sitting in Middle of Cambo. Could hopefully sell this.
CEO with 27% of company
Tightly held book so can move very quickly.
All macros aligning. Oil price over $110 and that is with China in lockdown. Think what happens when they open up.
Dutch TTF steady above €100 per therm. This seems unlikely to decrease due to geopolitical and structural supply side issues.
Massive value on offer at £60 mil Mcap. An absolute tiddler that will become a whale.
Yep, fair comment, I keep adding, two lots today. I feel some decent news could be a game changer for the sp. We are still 10p off the relatively recent high and cash must be mounting up.
Would be good value just for our cash and Dutch assets. Everything else is upside imo
Cross has always advocated GPA would happen.....He admitted that all his £millions he got from Dana he has put it all in to Parkmead.
The 8th biggest pre FID North Sea oil project is one of these. Research the Greater Perth area hub.
This was a structural supply / investment issue before Ukraine war. High prices won’t go away even if there is a recession. PMG very well positioned with oil and gas assets that simply have been attributed no value in the balance sheet. Dream time to invest if you are sitting on the fence
YUP!!
CEO with 27% shares
CEO that took Dana to £1.6 billion sale
£25 mil cash
£4 mil land
£3mil Windfarm
Dutch assets producing €2 mil per month
Planned drill for Dutch gas
157 million barrels Skerryvore
100% ownership of Perth hub the 8th largest pre FID oil project in North Sea
Mcap £60 mil
Huge upside. Low downside
https://www.energyvoice.com/oilandgas/north-sea/402302/new-north-sea-oil-projects-could-deliver-1-5bn-barrels/