Member Info for dai2belts

Just thinking, only thinking, dreaming maybe, but since there have been a fair few north sea licenses granted, there will be a fair few drills coming up, over the next few years. If there is a reasonable success rate, and enough of these licences have ended up with AIM minnows, 4 or more spuds a year should be do-able , 5 a year, at 50% gain, over 3 years, x437... Just need Ireland to open up, and the likes of EOG and PRD(south Corrib) may become hot shares...

@Tro, its crazy how companies can be worth so different, its got to be the potential, which must create the sentiment....
We know it takes years to bring sub sea assets on-line, so buying for the future...
Thats investing, I guess,
Lol, He1 born dec 2020, still waiting for the right sized drill, maybe 2023. lol, expensive laugh :(

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Typo
News of the drilling was this morning but did not shift the sp

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News of the drilling was this morning but did shift the sp

No, 12:22:45

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PMG
Struggling to find info on the 2 wells being drilled in a format I clearly understand..
Get the impression they have constructed the necessaries to tie-back already, they are in a producing field, so sounds a done deal but have a Geo CoS of 43% Commercial 50%, unrisked NAV 27p/sh :)
page 3 for CoS NAV
https://www.parkmeadgroup.com/uploaded/research/finnCap_Research_06.10.2022.pdf

"The LDS wells will target multiple Rotliegendes gas reservoir prospects from the existing Diever well site, which is already in production. Construction work to facilitate the potential tie-in of the new wells is largely complete. A successful drilling outcome will result in new fast-track production that adds significant additional revenue and cash flow for Parkmead. It is anticipated that the results of the first LDS well will be known around the end of the calendar year 2022, with the second being known in Q1 2023."
https://www.lse.co.uk/rns/PMG/two-well-drilling-campaign-in-the-netherlands-azwu31b3xpxb5d8.html

For Crazy Comparisons, baffles me, until you see their Contingent Assets..need to look into them(page 3 Finncap)
PMG.(60p). MC £69m (only 109m, maybe a consolidation)
Profit before tax of £1.3 million (2020: £1.4 million loss)
production averaged approximately 500 boepd from 4 dutch fields(share of)

EOG(1p) MC £11m
Pre-tax profit of £1.4 million (2021: pre-tax loss £0.85 million)
Production 245bopd

PMG
https://www.parkmeadgroup.com/operations/our_assets/
https://www.parkmeadgroup.com/operations/renewable_energy_assets/
Finncap target 194p ?????
https://www.parkmeadgroup.com/uploaded/research/finnCap_Research_06.10.2022.pdf

Lol, Void...
See there was a problem with the car ownership papers ;)

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Which miners go crazy, like boil :)
See up until March/May this year IronVeld was quite a mover, made some a good profit, robbed others

I never looked to deep for time lines, being a producer, plus 60p
I think with PMG it would be to see what those drills add to current production and revenues..
When it comes to finances I am challenged, but I am beginning to think sentiment is the value multiplier..
Will be worth reading, checking achievements, and waiting for the dips
Look how low opex is on their dutch assets
Gas prices have remained around €100/MWh ........(need to work out pre covid prices)
The average netback for the year to 30 June 2022 from the Netherlands was approximately $120 per barrel of oil equivalent ("boe"), with a field operating cost of just US$8.6 per boe. Average gross production for the year across these assets was 21.8 million cubic feet per day ("MMscfd"), approximately 3,750 barrels of oil equivalent per day.
https://www.lse.co.uk/rns/PMG/record-gas-revenues-and-accelerated-new-drilling-d99rs9dqbuvxljf.html
Their results are out

Just to throw the cat amongst the pigeons . we need get an accountant on this BB...
PMG.(60p). MC £69m (only 109m, maybe a consolidation)
Profit before tax of £1.3 million (2020: £1.4 million loss)
EOG(1p) MC £11m
Pre-tax profit of £1.4 million (2021: pre-tax loss £0.85 million)

EOG seems to lack that sentiment, only if serenity came in but it did'nt, and the other prospects seem to be on the back burner with Irish green politics blocking oil & gas exploration..
The Moroccan Inezgane Farmout campaign launched more than a year ago

I had a quick look ......
PMG is a oil/gas wind energy producer
With up and coming drills, record revenues on gas prices....
lot of dips on a year long up trend, all dips creating higher lows

high-impact
Parkmead is pleased to announce that it has received approval from the North Sea Transition Authority (NSTA) to enter the next phase of this licence with agreement to drill the high-impact Skerryvore prospects.

getting in early can cost you too, I am down 50% on he1
I waited until it was said to be funded for Tai, and the MOU was close to completion, and the share price to consolidate..
Even on PRD I was starting to think drilling was moving into next year, but could'nt find anything to suggest there was a wet season so held, but did'nt add...

Vodafone, in the 90-100p range, could do well after Christmas if the markets bullish start of the year.
Does it have any issues ?
Pre-2000 price ????
https://g.co/finance/VOD:LON?window=MAX

88e, have a track record of drilling, so that 2p looks possible, 1p I will be over the moon..

pmg, will look into that, going to get 4x 50% next year for sure ;) I am 50/50 100% certain we can do it

I still have a lot to learn, now I remember reading an article about that, 3 groups in the bidding, never even crossed my mind to check share prices of the companies..
I bet you posted the article,

Been thinking, EOG really messed up a good selection of share for me
EOG was before ECO and DELT, all I planned to invest in, until EOG soured my plan..
Then ECO run from 30 to 43p. so a good choice
And I could have bought DELT at sub 30p, so missed out..
So my selection is improving but my execution sucks..

What do you think PRD will do 12p or 18p ?

Good video. with write up below. thanks

Thanks,
Price is holding..
Is there a sidetrack planned on discovery, or is it a single bore?

@Gogs, The nearest tarmac road is ?

Just lost a post into hyper space ???

@Gogs, did you read skittishes post a while back, about logistics, the roads..

@Gogs, matting was mentioned,

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Tro, Kev nice graphs
https://invst.ly/zkwkv
I did one for CLON too, similar sell of starts on Mobilisation, short drills
https://invst.ly/zkp48
EOG will be the same

@tro, same here..
But PRD trapped many yesterday if the rise does not continue....
Those topping will have lost some of their profit.
From MOU-1 Announcement, suggests a rise of 4p, 14p -18p
So is that 4p from the raise for Mou-2, so 10/11p, or will it hit 18p

Tro yesterday your mentioned that ship builder, another +87% today, wow

Line them up Kev/R, think I might work through a spudding calendar. 4x 50% each year 3 or 4 years, bingo