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It's is worth following the posts on PMG a couple of entertaining posters have given me a laugh at their optimism over the years and comment as if Mr Cross would read it. Hilarious. đđ As if a multi millionaire would read comments on LSE.
Not been following pmg for some time,
Are they still on with Netherlands gas?
last I read it had been shut in,
Another great buying opportunity hah. I dumped significant holding of this share and wrote it off as another AIM disaster. I have no doubt at all that Tom Cross is a great husband and father and I mean that sincerely. However he,s no CEO or entrepreneur. Dana was right place right time. Good look to anyone holding these. I've written off 15k since the start would have done better on lotto.
Perenco have picked up Platypus
Should hear early May coming from Parkmeads partner Orcadian Energy.
Ah I see what your saying you have shorted Parkmead......You sly old fox !
Iâm waiting for the optimum selling price in order that I can offload this dog of a share . I will not , repeat not , be buying anymore .
Hi Roadster
Nice to read your nippy comments. You will never get a better buying opportunity.......and you know it !
SOTB âŚâŚwell it certainly isnât youâŚ.after all the âbum steersâ both you and your tag team chum Buzzlightyear have given us over the last decade or so . A little silence would be most appreciated.
Someone knows something !
Another ÂŁ9.92 purchased today!
Sales of ÂŁ1.60 this morning so far. Is this the deluge we have been waiting for?
There's no point in explaining if you can't read be bothered to Parkmeads website !
Where's the news that will make this soarđ¤ ?????Beginning to think that 20p was a dead cat bounce.
Nice updated photo of Tom on the Parkmead website !
Still looks young for his age.........
Hey Buzz
Results out, what do you think buddy
100 MW wind 30 MW solar Dutch gas rates Skerryvore Fynn Beauly
Dodgy loans
Are you buying
Parkmead Group, a âmajor European renewable energy developerâ is in talks over a proposed 100 megawatt (MW) wind farm near Banchory.
Discussions are âprogressingâ and the Aberdeen firm, led by multimillionaire entrepreneur Tom Cross, hope they will lead to a joint venture.
A 100MW wind farm could power an estimated 110,000 homes.
The land at the heart of the proposals is at Pitreadie on Royal Deeside.
Mr Crossâs wife, Linda, and a business partner sold Pitreadie Farm to Parkmead a few years ago in a deal worth ÂŁ4.9 million.
The company also took on ÂŁ3.6m-worth of bank debt.
At the time, Mr Cross said Pitreadie was ideal for the installation of wind turbines, solar panels and biomass production facilities.
In a first-half results statement yesterday, Parkmead confirmed potential for a solar farm at the site.
Meanwhile, the company is conducting a study on another site in Scotland with the potential for a 30MW solar farm. It did not reveal the location.
And it is âevaluating optionsâ to ramp up electricity generation at its Kempstone Hill wind farm, near Stonehaven.
The three turbines at Kempstone were acquired just over two years ago from the family behind G & J Jack Seafoods, of Fraserburgh.
Alternative Investment Market-listed Parkmead paid nearly ÂŁ3.3m.
The small wind farm generated revenue of ÂŁ700,000 during the year to last June.
The company said: âAt Pitreadie, commercial discussions continue to progress with a potential European joint venture partner to develop this area.
âFollowing positive results from initial studies, further environmental surveys are scheduled throughout 2024 to support the planning work required to unlock a major 100MW wind farm application on this site.â
Parkmead also has onshore and offshore oil and gas assets in the UK and Netherlands.
The company reported pre-tax profits of ÂŁ911,000 for the six months to December 31 2023, compared with losses of nearly ÂŁ5.2m a year earlier.
Mr Cross, executive chairman, said âexcellentâ production rates from onshore gasfields in the Netherlands put Parkmead back in the black, âsetting a base for future successâ.
But revenue sank to just over ÂŁ3.4m in the latest period, from about ÂŁ11.1m previously.
Parkmead said the plunge in sales reflected a sharp fall in average Dutch gas prices.
Here we go hahahaâŚ..Scott has sold,now for the de ramping and attacks on TCâŚ
I thought we had moved on from this,youâd become tolerable?âŚ..
Donât spoil it mate,good luck with whatever you do but please donât become the old Scott that everyone had to block hahaha
Have an interest here with regard to Skerryvore, which has unfortunately gone to 2025, with a high probability of Labour both increasing EPL and negating any offsetting costs against tax. I wonder what all parties to the drill will consider after the autumn election.
Mr Cross has rolled the dice on this one ( three) looking for a trio of sixes. Not that it will harm his Lifestyle Company. I wish you all well and after so many years you deserve a reward -perhaps 20% of Skerryvore is a better gamble but 50% has its own allure.
Scoredagainsteps - last month was 435 boepd. Not everything's been reported this month yet, though LDS is looking good.
PMG produce no oil, only NL gas ...and they just sit on Vermilion's coattails in NL, so are not going to get to producing any oil for many years, if they ever get to drilling.
Tom cross has fkd this properly
Andrew smith only here to take shareholders cash
Sell
Correct ME PMG ARE ON 289 BOPD IF SO thats why pmg is what it is ... Forget all the 150 million reserves .We need it out the ground and flowing 10000 bopd .THEN PMG MKT CAPT could be 10 x more
Bobs a blether of trying to get the share price down......
Very sinster.
Thanks for sharing your thoughts on above Robs12. I'm a very long term holder that's pretty much given up any hope for this. Last AIM stock I will ever hold and as you may have said earlier this is no longer an investment but just a gamble. Always read your posts with interest hope you keep an interest and comments.
Bob ever the pessimist.......