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Share Price: 14.75

Bid: 14.50

Ask: 15.50

Change: -0.25 (-1.67%)

Spread: 1.00 (6.897%)

Open: 15.00

High: 14.75

Low: 14.75

Prev. Close: 15.00

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IN BRIEF: Parkmead surges on highest LDS-01 output since April 2020

Fri, 02nd Feb 2024 10:20

Parkmead Group PLC - Netherlands and UK-focused gas explorer - Says production from the LDS-01 well has consistently produced at average rates of close to 5,000 barrels of oil per day gross and upwards of 370 boepd net in the final quarter of 2023. Parkmead's overall average net production over the same period from all the Dutch gas assets continues to exceed 430 boepd, it adds. This is the highest level of gas output since April 2020.

Chair Tom Cross says: "We are delighted to confirm that the LDS-01 gas well has been brought on stream, on schedule and under budget, and that the early production data has demonstrated further reserves potential.Parkmead's Dutch gas assets continue to yield successful discoveries and enhanced production from some of the most prolific onshore fields in the Netherlands."

Current stock price: 17.25 pence, up 13%

12-month change: down 62%

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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20 Oct 2010 08:09

Dana chief to chair Parkmead

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23 Sep 2010 16:40

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23 Sep 2010 14:24

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23 Sep 2010 13:33

Parkmead cuts loss

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22 Jun 2009 16:57

Parkmead men buy 10m shares each

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IN BRIEF: Parkmead surges on highest LDS-01 output since April 2020

Resource stocks dominate the list of winners

Dana chief to chair Parkmead

London close: Late rally trims losses

London afternoon: US shadow increases London gloom

Parkmead cuts loss

Small caps round-up: Lees, Pubs 'n' Bars, Parity...

Parkmead men buy 10m shares each

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