Parkmead Share News (PMG)

Parkmead Group Raises GBP40 Million To Fund Growth Programme

LONDON (Alliance News) - The Parkmead Group PLC Tuesday said it has raised about USD66 million, or GBP40 million, through an over-subscribed placing of 15.7 million shares at 255 pence each and will use the money to fund growth.

In a statement, the Anglo-Dutch oil and gas company sa

UK MORNING BRIEFING: Shares Open Higher; F&C Agrees Takeover Deal

LONDON (Alliance News) - Shares have opened higher Tuesday ahead of UK GDP figures at 0930 GMT.

A day after confirming an approach by Bank of Montreal, F&C Asset Management said Tuesday it has agreed to be taken over by the Canadian bank in a GBP708 million deal

The Parkmead Group Trebles Athena Oil Field Stake

Parkmead strikes gas in North Sea

Gas explorer Parkmead Group has found a new gas field in the North Sea. Dana Petroleum, which drilled the Pharos exploration well for Parkmead and its partners, discovered the field in the southern North Sea. Parkmead said it could develop Pharos jointly with the Platypus gas field, which is about

Paarkmead Discovers New Gas Field In UK North Sea

Parkmead Group Full-Year Revenue Up On Acquisitions, Overall Losses Increase

AIM IN BRIEF: Quindell And ValiRx Placings; Noricum Gold Positive Results

Parkmead Says Drilling Commenced At Pharos Exploration Well

Parkmead puts in offer to buy Lochard

Oil and gas company Parkmead has placed an offer to purchase the entire issued share capital of Lochard. The acquisition of the independent oil and gas production, appraisal and development firm is currently valued at £14.5m and each share worth 4.9p. Parkmead said Lochard directors were pleased

Premier Oil announces failure of Spaniards East Well

Premier Oil has disappointed its investors with the announcement that the Spaniards East Well in Block 15/21, in which it has a 28 per cent operating interest has been plugged and abandoned as a dry hole. Although the well encountered 75 feet of Jurassic sands, these were shown to be water wet on

Parkmead completes acquisition of Netherlands assets

Oil and gas firm Parkmead has completed the acquisition of a portfolio of Netherlands onshore assets, comprising interests in four producing gas fields and two oil fields. The assets, for which Parkmead is paying a total of €7.5m, include a 15% interest in the Andel V production licence, which cove

Small caps round-up: DQ Entertainment, Anpario, Parkmead...

DQ Entertainment, an entertainment, production and distribution group, has signed several new licensing and merchandising deals in respect of its intellectual properties during the quarter ending March 31st. During the period the firm also successfully delivered six new TV productions. Food additi

Parkmead invests in 'attractive' North Sea blocks

AIM-listed oil and gas group Parkmead has acquired four separate 20% stakes in Blocks 47/4d, 47/5d, 47/10c and 48/6c in the UK Southern North Sea. "These four blocks contain the 47/10-8 gas discovery as well as the large Pharos gas prospect and several significant additional exploration targets," t

Parkmead falls as losses deepen

Shares in independent oil and gas firm Parkmead took a tumble after pre-tax losses more than doubled for the year ended 30 June. Despite half-year revenue rising from £2.36m last year to £3.74m in the first half of 2011, increased costs and administrative expenses led to a surge in pre-tax losses

Parkmead recieves loan to fund acquisition

Parkmead, an independent oil and gas company, has completed an agreement with XTO UK to acquire a 15% interest in a number of blocks in the North Sea. The blocks, namely 48/1a, 47/5b and 48/1c, contain the Platypus gas field and the Possum gas prospect. The firm has been loaned £8m by Tom Cross,