Member Info for doyle172

Importantly positive wording on Hub and increased focus on Fynn Beuly. Clear that commercial offers have been recieved for tie back. Skerryvore seems to be a sensible focus too. Focus on renewables very sensible for ESG and could help bring some corporate money in when it happens.

The £10 mil is a non cash impairment charge, writing off the goodwill for Platypus which was non existent. Doesn't impact financial performance of the co. Accounting procedures that will presumaby help us offset taxes from our strong revenue growth. Gutted about Platypus, but lets not make a big deal of the impairment.

meanwhile Dutch TTF continues doing its thing!! https://www.tradingview.com/symbols/NYMEX-TTF1%21/
PMG is a screaming buy at this price

TC is fully invested here. Very few companies have a CEO that is so aligned financially with performance of the company. He has said that Parkmead would 'pursue its own strategy to growth'. I get that people are frustrated by the lack of news. Believe me I am but have no reason to doubt that he is following his strategy as a 'gas hungry' and diversified energy company. When news comes it will be big. Hopefully we can catch up with Kistos. Now seems like an ideal time to buy with limited downside. Ignore the derampers. They will make it clear that they have been buying as soon as price starts to recover!

I thought they were expected to produce at 6000 boepd following work over to improve rates. 6000 x .15 is 900 . Pretty sure last few reported sessions production has been lower as work is done to improve rates and various facilities have been halted to do this.

https://www.parkmeadgroup.com/uploaded/research/FinnCap_Research_09.07.2021.pdf
FinnCap report based on oil price $55 and TTF €16 We must be making well North if £30 mill revenue a year at current prices. Our share of Dutch production now higher as deal earlier this year was back dated. Would be surprised if we haven’t worked over production given gas prices. Even production of 6000 boepd means our share is 900 boepd. At a boe equivalent of let’s say $100 that’s 90000 per day or £33million or there about. Gas prices currently way higher than $100 barrel equivalent. Believe more like $150!
Value of our non production assets also risen considerably so expect NAV values to show significant increase. Of course their value depends on our ability to get them into production but we have no reason to believe otherwise. Cal and Parkmead both gas hungry and leading on Platypus. Serica our partner on Skerryvore (a massive prospect Of over 100 million barrels) is loaded with cash. Hub still being developed and good progress being made. Huge prospects and producing assets and currently underpinned by more than 60% cash in bank. Wind farm land too so ticks the ethical investment box once we see some movement there. Potential upside too big to ignore. In risked target £16 per share according to FinCapp

Forgot link!!
https://www.tradingview.com/symbols/NYMEX-TTF1%21/

High gas prices here to stay. Look at Dutch TTF shift on news of more Nordstream interruption. Cold weather, structural shortages and geo political macros, combined with our drive for net zero will mean high gas prices for the forseeable. Parkmead will be doing very well at the moment. This is not reflected in the share price. Revised NAVS will be multiples of current SP. Hoping for some nice updates in the report.

Well over 70E again. Dont see this decreasing for some time. Expect to see development of Dutch gas assets and Platypus news soon. Also expecting Oil to continue its upward trajectory with over $100 oil. Should make Skerryvore and the GPA very attractive. COP26 has been a distraction, but there is no way the UK wont be largely dependent on fossil fuels for next 20 years. In which time we can build our renewables. Cash build must mean we are sitting in a very pretty position and woefully undervalued

Great buy opportunity. Crazy value. Nothing changed. People in for a quick trade sell because they are easily bored. Mostly at a loss by the look of it. Onwards and upwards to news imo

Makes absolutely zero sense given cash generation since then. Money seems to be keen on Oil and gas again. Floundering due to lack of sentiment for the company. News well overdue. Just hope that when it comes more are on board to enjoy the run. Very very cheap atm.

Dutch ttf nudging 100E again. Every day we create more value, yet we go back down. Amazing value on offer at the moment and news could come any time

Looks like Dutch TTF consilidating. Prices to remain high through 2023 according to Goldman. PMG silly value here given just Dutch assets alone. And they are merely the entree to a main course of the Hub and dessert of Platypus. Multiple news due and I completely get why people are getting impatient but nothing has changed. Upside potential is massive but will take news. Once the first bit comes more and more will follow. We are in the doldrums at the moment and all the excitement is yet to come. Limited downside given current production revenue. Surely a great time to invest. Just have patience

Bodes well. Uptrend still well in tact. Once sellers dry up we go.

PMG will be making nearly 5 mill a month in free cash flow. EV about £30 mil. Undervalued on dutch assets alone. One of the projects shows movement and we trade at multiples of current SP

As is the hub. We need energy independence. Look at Dutch TTF up another 20% PMG such a bargain. Huge catalysts coming. Tom across doesn’t lie and he has said all progressing well. Bring on the news. https://www.tradingview.com/symbols/NYMEX-TTF1%21/

See this hitting £1.50 quite quickly but won’t consider selling until £3.75. Platypus and Hub both confirmed and we go way higher so I will keep a reasonable holding. Just the start and the start of an oil and gas super cycle. The next 10 years will be epic for PMG

107E !! PMG bringing in some great cash. Gets better value everyday. News due on Platypus and Hub and Skerryvore and renewables and Dutch Field developments. Bargains at the moment https://www.tradingview.com/symbols/NYMEX-TTF1%21/

Platypus will be brought on line quickly imo. Plug and play through Cleeton. 50% would bring Parkmead nearly a million in revenues per day at current prices. Just need that regulatory approval. Hub going well too. Too many upside catalysts to ignore here. I would hope once we get to a decent SP that Tom also goes on an acquisitions run. He’s quiet but very busy imo.

Take the time to read - huge upside

https://www.energy-pedia.com/news/united-kingdom/parkmead-announces-interim-results-for-the-six-month-period-ended-31-december-2020-182499