Member Info for doyle172

Platypus test flowed at 6000 boepd Estimated that production flow will be nearly twice that. BOE price $150 makes potential revenues from Platypus $1.8 per day. Cal and Parkmead to operate as a pair with no other partners. Parkmead as operator.

Or update on GPA hub - the biggie. A billion $ project that works at $25 oil. Scott not been sold and could be ready to go with alterations for Sour crude quite quickly.

Huge upside potential here.

Not going to happen. Tom Cross holds 27% That’s some poison pill! If it was to happen it would be a spectacular offer and that won’t happen before projects are more developed. In that case the SP will be well North and it would have to be an even more spectacular offer.! We may receive an offer. Maybe from Cal or Enquest for specific projects but I doubt entire company. In the meantime we need to rerate. Still woefully undervalued. Churning away looking for the next breakout at moment. Some resistance here but once broken up to mid 60s before the next bit of resistance

Buy while everyone else is buying Kistos. https://www.tradingview.com/symbols/NYMEX-TTF1%21/

Good to have you on board Eagle. Big disconnect to peers here in terms of value. Moves quickly as very tightly held book. Just need some news flow, which is imminent.

Revenues over €100k per day imo at these prices. Very low fixed costs for the Dutch fields. Cash will be building quickly. Let’s hope Tom finds a way to spend it soon. Would be very happy with some Platypus news or further development of Dutch fields. Great position to be in at the moment and a bargain SP at the moment.

Bounce to 50p next week. Technicals suggested by MB Trading look pretty convincing. Bit of impetus from All time high TTF prices and imminent newsflow. https://www.tradingview.com/symbols/NYMEX-TTF1%21/

Price movement of TTF is strong. Heading into autumn winter will stay strong. PMG back at bargain levels again. Still waiting for news on many fronts. Can be frustrating but that is the nature of big deals. Conviction hold.

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

Expect focus on gas. Don't see them letting Platypus go personally, unless they need to finance something better! Even then I would expect finance to be possible given projections for gas over next decade

Youve forgotten the Dutch assets. Expecting developments there. "Parkmead's gas assets in the Netherlands continue to provide a robust revenue stream and important net cash flows to the Company. A number of enhanced production opportunities are available across Parkmead's existing Netherlands portfolio, which the Company intends to capitalise on, with the aim of significantly increasing its net gas production. These include a new low-cost infill well at Geesbrug and a further exploration target at De Mussels. The new production from Diever West and the additional Geesbrug well are forecast to more than treble Parkmead's net gas production in the Netherlands.
Don't need to remind you of price action with Dutch TTF but will anyway. https://www.tradingview.com/symbols/NYMEX-TTF1%21/

To quote your fine self from a couple of weeks ago on ADVFN. "Cross holding close to 30%. It wouldn't take much for a friendly t/o to persuade him and bring his shareholding onside - in the region of 350pMIO 325p would see this over the line and keep Stonehage onside. GPA/Skerryvore/WOS / Dutch Gas/ Platypus and renewables to offset carbon. Its all there" "It's coming home"
Your tune has changed. Have to question your motivation in deramping. Im guessing you are hoping to buy more. If so good luck. Hopefully you wont have long to fill your bags!!

Excellent progress on Platypus gas and Greater Perth Area oil projects



Parkmead has agreed in principle to become operator of the Platypus gas project, subject to regulatory approval. It has entered into advanced commercial discussions with the Platypus supply chain, as well as progressing discussions with the OGA and also Perenco UK, in their role as operator of the Cleeton host facility
CalEnergy Resources is Parkmead’s partner on the project
Platypus has previously reached some key milestones ahead of its development, including submission of a draft Field Development Plan and Environmental Statement, which are in the process of being updated
The mid case recoverable gas reserves from Platypus are expected to be 103 billion cubic feet (“Bcf”), with peak gas production of over 60 million cubic feet of gas per day (“MMscfd”)
There is potential for additional gas volumes from the adjacent Platypus East structure. These could be tied into the planned Platypus infrastructure

Nat gas at 111p per therm. Dutch TTF back over all time highs at 44.4 Euro. PMG making some nice revenues and crucially profits. Platypus looking more and more tasty by the day. News imminent on Platypus project. The Platypus field is estimated to hold approximately 180 billion ft3 of gas reserves and tested at 27 million ft3 per day, expected to flow at 47 million ft3 per day. Bargains on offer due to low summer volume. https://www.tradingview.com/symbols/NYMEX-TTF1%21/

Wouldn’t be surprised for near term news about development of our Dutch assets. The latest day seems to help pave the way for further investment and we know there is scope to significantly develop them. Just look at TTF prices! PMG remains one of the best bargains. Hopefully not for long!! https://www.tradingview.com/symbols/NYMEX-TTF1%21/

Meanwhile our already strong balance sheet keeps getting stronger. Cash near £30 mil by now plus land value and £2.5 mil on loan to partner company. Mcap below £50 mil again.
https://www.tradingview.com/symbols/NYMEX-TTF1%21/

Has to be soon!! A reminder- expected to flow at 47 million cubic ft per day. The 48/1a-5 Platypus discovery well, spudded on March 3, 2010, was drilled to a total measured depth of 11,048 feet encountering some 218 vertical feet of porous gas bearing sands. The well was suspended for potential re-entry and future use as a gas production well on May 4, 2010. It was reported by Dana Petroleum plc that preliminary analyses indicate that the reserves discovered were in line with predrill estimates of approximately 130 Bcf of gas and it was a significant gas discovery for the United Kingdom’s Southern North Sea.

Appraisal well 48/1a-6 was spudded on April 11, 2012, with the Ensco 80 jack up drilling rig. The well reached a total measured depth of 14,175 feet on June 19, 2012, having successfully drilled a 3,100 foot horizontal section within the reservoir. The well, which recorded a test flow rate of 27 MMscf per day on a 96/64” choke, was successfully suspended for use as a future production well on August 7, 2012.

Kistos Mcap £200 mil with debt of £80mil. Parkmead valuation doesn’t make sense. Future mid cap imo

Current gas price completely relevant for project sanction and for establishing potential value. 18 months from sanction to first gas and potentially even quicker. Lots of work being done in background. Straight out to Cals Thames pipeline.

47 million cubic ft per day. Does any one know how to work out the value at current prices?

Some nice buys to match the sells. All looks good to me.

All time highs being smashed. PMG a great stick for exposure to record Dutch prices. Cash building nicely.