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Oh, another no news about anything announcement. No progress on Skerryevore, no NL flow rates, no wind farm plan...more of the same..
Bob
You forgot to say they are in profit .
Is the group really in profit? Doesn’t sound like it to me…
I’d argue that they were in profit for FY23 after normalising for decommissioning and non cash impairment. However, Gas prices today are less than half that of the average for FY23. Which begs the question, are they on track to be profitable in the current period? Probably not as operating profit will be nothing like FY23 but admin expenses will be similar.
New Dutch field now flowing. Details to come.
Are the proposed Pitreadie wind farm and the proposed solar farm not the two " company making "deals T.C. was referring to?
Let's hope not Bitethebull....Pitreadie was purchased in 2019, and they have been working on 'studies for a wind farm' there ever since - just over four years. No planning permission applied for, so it is years away yet, if it ever happens.
The site(s) was purchased from TC's wife with a half built house she was developing at the time included..
A solar farm in Scotland is not going to set the world alight is it..
At least there was clarification that Skerryvore is an exploration play, and good news that the CoS (even if an internal figure) is 40+%.
Doyle172. They don't actually state that LDS-1 is now flowing. That is particularly conspicuous by it's absence?
We know it was tied into production facilities months ago, but has not been producing. Looks like it is still not - or surely they would have clearly said so?
Net Zero Watch report that wind generators are set to receive a very big price increase.
Robs......
Negative when we're going down and negative when we're going up...hahahaha
Tom can't win, sell up and go be negative somewhere else,I think this could be £1 next week and you'll still be moaning!!
Enjoy life, laugh,be happy, stop depressing everyone!!!
"LDS-01 was recently brought back onstream." IN RNS.
You're quite correct Davde - the previous RNS stated "LDS-01 has very recently been brought into production and initial flowrates are higher than anticipated. A more detailed review of the good performance of the Dutch assets will be provided with the full results statement."
Where is the more detailed review - are they referring to the gross production figure reported across all 4 fields?
Bob
Pick your chin up......Tom has out smarted your detailed figures of nonsense !
Parkmead are on the move folks onwards and upwards.
Robs we did get a wee bit info re the gas developments but not earth shattering! We will need to wait and see what the new gas production is. I still live in hope it will be a significant boost to offset decline in main production field! Gamma was a surprise for me albeit small as had missed this previously! We could do with a pleasant surprise in the near term to support the SP as most of what was discussed is at least a couple of years off before additional revenue streams happen. The results were not to bad and had been forecast.
Dafte
You sound as desperate as Bob......So sad
Sotb as a LTH in PMG I can express a view, you may not like it but tell me why I cannot express it without being denigrated!
LDS-01 successfully encountered commercial gas volumes which were tied into production within just a few months. Back in April
Davde
I've never seen a positive note from you on Parkmead ever.
Enjoy your weekend.