Member Info for doyle172

Ten new North Sea oil projects could deliver nearly 1.5 billion barrels
Key North Sea oil projects currently in the pre-final investment decision (FID) phase could deliver nearly 1.5 billion barrels, according to new research.
Consultancy Wood Mackenzie said further M&A activity will be required to unlock all opportunities.
In a new report titled ‘How much more oil and gas can the UK North Sea produce?’, the Verisk-backed analysts suggest that indigenous oil and gas still has “a major role to play” in the UK’s energy mix, pointing to more than 1.4 billion barrels of liquids held in pre-FID projects.
The pack is led by the sizable – and controversial – Rosebank and Cambo fields west of Shetland, but also includes the redevelopment of the Buchan field by Jersey Oil & Gas, Orcadian’s Pilot and Siccar Point’s Blackrock, among others.
However, given the size of many of the operators, further M&A activity will be needed to bring them to fruition, the report says.

https://www.energyvoice.com/oilandgas/north-sea/402302/new-north-sea-oil-projects-could-deliver-1-5bn-barrels/
Could news for Perth be coming? £3

Big buying continues

Buyer been going strong for a while now. May have to TR1 soon!

https://www.heraldscotland.com/politics/20050116.delayed-uk-energy-strategy-include-maximising-north-sea-oil-gas-production/

North Sea license values and value of Dutch fields and licenses now significantly higher. Yet to be reflected in Share Price.

https://www.independent.co.uk/news/uk/politics/energy-wind-turbines-nuclear-johnson-b2049162.html?amp
Sound like planning likely to be relaxed. TC and team must have made some progress. There was talk of working with the Germans some time back. Should be fairly quick to get a PPA agreed and signed. Lease the windmills and all systems go. Think recent purchase of the small Windfarm has something to do with reducing entry barriers for a bigger farm. Access to Grid etc? Could be decent value with minimal impact on cash flow. Also helps align us with ESG investors for further North Sea oil and gas developments.

Not 150000

We have producing Dutch gas fields. Look at the TTF price https://www.tradingview.com/symbols/NYMEX-TTF1%21/
We have half our market cap in cash
We have land with plans for Windfarm value £5mil?
Wind farm value £3.5 mil generating revenue
We have a commitment to drill more Dutch gas assets
Imminent decision on Skerryvore drill 157 million barrels oil in place
Well developed major oil hub project with breakeven $35 Looking for farm ins as I type.
Potential to rewin Platypus license. Expected to flow at circa 150000 boe Pd. I am confident more to meet the eye here.
Blackadder gas field with Deltic
We have a CEO that has taken Dana from a similar position to sale for £1.6 billion. He has roughly 27% of shares
We have a macro environment that looks very bullish oil and gas. Biden has just sold a big chunk of US strategic reserve and will need to buy back. Does not solve the supply crisis
We have a market cap of £55million
We have massive upside with little downside risk

Energy policy better change swiftly. PMG well positioned. https://www.bbc.co.uk/news/business-60945248

Nice stakebuilding

The last reported trade was another £30k buy from earlier. Hence looks like we dropped. We didn’t. Went down on low volume. Lots of big buys. Several £30k buys Reversed nicely. Looking good.

So
Some sees the obvious value here. Could news finally be coming?!!

“Represents steeper value upside than resources at this advanced stage typically offer in the UK stock market”.

Tom Cross is an oil man. A very good one. Not some fly by night AIM lifestyles. Has massive skin in the game here. As does his wife. What does that tell you? It’s going to be one of the good ones. Just need patience. Look at Serica. Took years before it came good.

P25 onwards. Parkmead have got this covered. The crude might be sour but it’s H2S. The Perth crude is sour but also Light crude which dramatically enhances marketability. $35 dollar break even. Huge upside when we get news of farm in

Think lots done in background. Perfect storm now. Time to make moves finally.

All coming to a head.

https://www.independent.co.uk/climate-change/news/simon-clarke-uk-north-sea-oil-production-b2043060.html

https://www.parkmeadgroup.com/uploaded/research/finnCap_Research_25.03.2022.pdf

157 million barrels! https://www.energyvoice.com/uncategorized/398204/parkmead-finally-nears-drilling-decision-on-skerryvore-north-sea-field/