Parkmead Share News (PMG)

BUZZ-North Sea oil: likely UK budget winners

** Wednesday's budget gives govt chance to react with bold tax changes as oil rout adds to existing concerns about Britain's North Sea oilfields ** North Sea boon for UK since started the 1970s but oil cos now grappling with rising costs amid ageing & largely exploited fields & elevated tax

Oil price fall puts squeeze on North Sea energy minnows

* Small firms dominate North Sea exploration * Oil price fall to curb investment, tax receipts * Mergers could help create more robust businesses By Karolin Schaps LONDON, Dec 22 (Reuters) - Plunging oil prices have increased the strain on the many small energy firms opera

Westhouse highlights attractive oil stocks that can weather crude-price falls

Westhouse Securities has called for investors in the oil and gas sector to be a "bit more patient" with oil prices currently rumbling along at multi-year lows, as it highlighted buying opportunities in the sector. Brent crude has now fallen over 25% to $79 a barrel since hitting a high of $115 a bar

Parkmead Secures Six Licenses From 28th UK Offshore Licensing Round

Parkmead strikes gas in the Netherlands

Oil & gas explorer Parkmead Group has struck gas in the Netherlands. Parkmead said its Diever 2 well in the Drenthe 3b production licence had found a better-than-expected significant 157 foot gas column. Parkmead's co-venturers in the licence are operator Vermilion Energy, NAM and EBN. It also sai

The Parkmead Group Says New Gas Field Discovered In Netherlands

Parkmead finds new gas field in Netherlands

LONDON, Sept 24 (Reuters) - London-listed oil and gas explorer Parkmead said it had found a new gas field in the Netherlands that it expects will feed into existing gas production infrastructure in the area. The company, together with its Vermilion Energy partners, said it had discovered a

Friday broker round-up UPDATE

AstraZeneca: Deutsche Bank ups target price from 3950p to 4000p staying with its hold recommendation. Avacta: Numis places both its target price and its buy recommendation under review. Barclays: Berenberg upgrades from sell to hold with a target price of 220p. Bodycote: UBS shifts target price f

UK BROKER RATINGS: Shell Upgraded After Strong Results

The Parkmead Group Completes Stake Boost In Athena Oil Field

LONDON (Alliance News) - The Parkmead Group PLC said Thursday it has completed its acquisition of an additional 20% interest in the UK production licence P.1293 (Block 14/18b ALL), containing the Athena oil field. Parkmead already held a 10% interest in the producing Athena oil field, follo

Thursday broker round-up UPDATE

Associated British Foods: Citi increases target price from 2350p to 3000p, while its neutral rating remains unchanged. Booker Group: Investec shifts target price from 172p to 178p retaining a buy recommendation. BSkyB: HSBC Holdings moves target price from 600p to 610p, while keeping its underweig

Parkmead swings half-year profit as revenue surges

Oil and gas company Parkmead reported a surge in half-year revenue, supported by an increase in production. The company reported revenue of £9.9m in the six months ended December 31st 2013, compared to £2m the previous year. Maiden profit before tax came to £3.1m, up from a loss of £2.8m in 2012.

Parkmead Swings To Maiden Profit On Year Of Acquisitions

LONDON (Alliance News) - The Parkmead Group PLC said Friday it swung to a maiden pretax profit of GBP3.1 million in the half-year as revenues jumped 395% after production was boosted by a number of acquisitions in the UK. The UK and Netherlands focused oil and gas group reported a maiden pr

DIRECTOR DEALINGS: Parkmead Non-Executive Sells 75,000 Shares

LONDON (Alliance News) - The Parkmead Group PLC Monday said non-executive director Ian Rawlinson sold 75,000 shares at a price of GBP2.6375 per share Friday. Following this transaction, Rawlinson holds 286,644 shares in the company, representing 0.33% of the issued share capital. Shar

DIRECTOR DEALINGS: Parkmead Executives To Acquire Shares

LONDON (Alliance News) - The Parkmead Group PLC Tuesday said Executive Chairman Tom Cross and Finance Director Ryan Strougler are both set to acquire shares in the company after a number of share and options transactions. Parkmead, which earlier Tuesday unveiled a USD66.0 million fundraisin