RE: Must be big flow rates28 Apr 2023 12:34
Read the Rns. Have bought in. Went to 29 this morning and now dropped. Looking very bullish. Hopefully will start seeing the rise back up.
Tom Cross, Executive Chairman, commented:
"We are pleased to provide shareholders with an update on the significant progress across our portfolio of Netherlands assets.
Parkmead has worked closely with its joint-venture partners on the fast-track development of the LDS-01 gas discovery. The initial performance and recent reservoir modelling of the well are very encouraging, and we are achieving higher than expected flow rates of both dry gas and gas condensate.
The Netherlands onshore portfolio continues to generate a large number of value-adding opportunities across all stages of the life cycle including low-risk exploration, low-cost appraisal and development.
These high-quality assets, combined with efficient cost control, deliver strong cash flow from operations which allows for further investment in growth opportunities throughout the Netherlands and UK."