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Thu, 03rd Apr 2014 09:05
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
Read more(Sharecast News) - Independent energy group Parkmead has been provisionally awarded three new offshore blocks by the North Sea Transition Authority (NSTA) in tranche two of the UK's 33rd Licensing Round.
Read more(Alliance News) - Parkmead Group PLC on Monday said it has received three new offshore blocks from the North Sea Transition Authority in the latest licensing round.
Read more(Sharecast News) - Independent energy firm Parkmead updated the market on its gas production following the successful start of production from the LDS-01 well in the fourth quarter of 2023.
Read moreParkmead 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.
Read more(Sharecast News) - Parkmead reported a 22% improvement in revenue in its preliminary results on Friday, to £14.77m.
Read more(Alliance News) - Stock prices in London were up at midday on Friday, as a week of favourable data as far as inflation goes gave investors a reason to overlook disappointing UK retail sales figures.
Read more(Alliance News) - Parkmead Group PLC on Friday said it expected long-term low risk core revenue from producing Dutch gas fields and UK renewable energy assets, as it reported an annual loss.
Read more(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.
Read moreParkmead Group PLC - Netherlands and UK-focused gas explorer - Expects to release results for year ended June 30 before the end of November. Forecasts revenue of GBP14.8 million, up from GBP12.1 million the year before. The results will also reflect the non-cash write down of around GBP33 million associated with the relinquishment of the P588 and P2154 licences in the Perth area of the North Sea. A non-cash write down of around GBP13 million has been taken to reflect the planned relinquishment of licence P1293 (Athena area) following completion of abandonment operations offshore. Results will show updates on a number of positive developments within the renewable energy and oil and gas projects.
Read moreParkmead Group PLC on Monday - Netherlands and UK-focused gas explorer - Says the UK North Sea upstream industry is facing unprecedented challenges, stating it is no longer "practical" to move forward with Perth development. Adds its primary focus is on building its gas and renewable energy focused portfolio as a result. Says it remains in a "very healthy" cash position from producing Dutch gas fields and UK wind turbines, but notes a non-cash one-off impairment of approximately GBP33 million relating to the Perth oil development. Looking ahead, says it is well-placed in regard to potential acquisitions.
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and Thursday not separately reported by Alliance News:
Read more(Sharecast News) - Independent energy company Parkmead announced the start of gas production from its new LDS-01 discovery in the Netherlands on Thursday.
Read more(Alliance News) - Parkmead Group PLC on Thursday said that gas production has started from its new LDS-01 discovery in the Netherlands.
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:
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