Member Info for doyle172

GPA hub not GOA. That comes in and we are in multiple pounds not pence.

No problem Frac. Good to have you on board. It’s been a very lonely experience to be a PMG investor!! No one talking about it but that is often a good buy signal. I am fully loaded. No more funds to commit and have been for years. Several ISAS full and a big chunk of non ISA d shares. Happy to wait patiently but equally keen for other investors to join for the ride as Ia am sure it’s coming and wouldn’t want anyone to miss out. I really don’t think you will catch this one near this SP once it goes. We’ve had the odd threat of breakout without news but we do need a catalyst. It would be nice to have some smaller good news maybe re WEst of Shetland or Skerryvore or the wind farm before bigger news re Dutch Assets, Platypus or the GOA hub. Would be nice to be at a much higher base before something big comes and knocks it out the park. Ready and waiting. Macro aligning nicely although markets are **** atm. Might be nice for big news to hold off until autumn and hopefully more liquid markets.

Dutch TTF at 36.8 - nearly x10 the price it was at lows in the last accounting period and our Dutch assets were profitable even then! I don’t know how to work out current revenue but I would bet on over €30 mill atm.
Oil price over $76 with predictions of $100 and a super cycle incoming. Multiple large scale oil and gas licenses.
And our SP barely covers Cash in hand plus land! Forget about the fact that we are producing significant revenue now and that we hold some of the most exciting North Sea Oil and Gas projects when they come to sanction. Plus a wind farm in planning.
Plus an industry legend As our CEO (Tom Cross took Dana to scale and sold it for £1.6 billion - he has called PMG Dana mk2 on steroids)with massive skin in the game (27%) most at much higher prices. And partners with great companies like Warren Buffets Cal Energy and Serica SQZ. The upside is eye watering. Market really does seem blind to this one. Very frustrating and exciting at the same time.

Given the current surge in TTF prices https://uk.tradingview.com/symbols/NYMEX-TTF1%21/ Platypus is looking more and more like its game on. We don't yet know the split, but we do know that Parkmead will be operator in partnership with Warren Buffets Cal Energy.
Mr Cross said the two “gas hungry” companies intended to advance the project “as a pair”.
He said they were not actively looking to bring in another partner to help cover the costs, at present. I suspect that they would be reticent to on board another partner given gas prices and Cals access to funds. Platpus fits well with Cal's infrastructure and could come on line quickly, with use of Cal's Thames pipeline.

Platypus gas appraisal well in the North Sea, recorded a test flow rate of 27 million cubic feet of gas per day (mmcfpd).

Well 48/1a-6 was spudded in April and reached a total measured depth of 14,175 feet on June 19 having successfully drilled a 3,100 foot horizontal section within the reservoir.

It is thought that Platypus will have a field like of 20 years. Tom Cross has always been clear in his belief in gas as the key transition fuel for our transition to net zero and has been working on the Vision 2030 team. Parkmead also has plans for renewable energy in the form of a windfarm.

Skerryvore (also joint owned with Cal) and the GPA hub are also progressing well although big projects like these have many moving parts and take time to deliver.

All in all a very exciting time ahead for Parkmead which is still languishing near lows but has potential to be a major North Sea player. I really wouldn't be surprised to see PMG and Tom Cross repeat the success he had with Dana, which would take our share price well over £10 ps. The market just doesn't see it yet, which makes it a good time to buy.

Another 5%!! This opportunity to buy at these prices can’t last forever. https://uk.tradingview.com/symbols/NYMEX-TTF1%21/

Anyone know how much revenue we are making give TTF 1 price? £20 mill pa? Reckon our cash reserves are growing nicely. Platypus looking more and more like a top class asset. News soon. Please https://www.tradingview.com/symbols/NYMEX-TTF1%21/

Hi Frac. What is this? Have you seen some kind of planning application. Not sure this link shows it

Now seems like a very good time to add. Next week should be good.

https://www.thetimes.co.uk/article/uk-prepares-to-approve-oilfield-despite-cop26-climate-conference-0wlxjm7tv

Cambo West of Shetland

Parkmead acreage is less than 20km from Cambo and has been derisked with seismic. We have 205 million barrels recoverable on a P50 basis. The area is being developed as a major new energy hub. No way we should miss out here. Can anyone confirm that we still have the licenses? These are not assets that I thought would bring anything to the SP for a long time, so I have not really considered them, but again big prospective assets in an area with great infrastructure for route to market. How nice would it be to have some news from the left field?

Parkmead acreage is less than 20km from Cambo and has been derisked with seismic. We have 205 million barrels recoverable on a P50 basis. The area is being developed as a major new energy hub. No way we should miss out here. Can anyone confirm that we still have the licenses? These are not assets that I thought would bring anything to the SP for a long time, so I have not really considered them, but again big prospective assets in an area with great infrastructure for route to market. How nice would it be to have some news from the left field?

There's money to be made here. From the March results. We will be creating revenue of well over £15mill per year at current prices. Huge scope to increase this - see below. And this is just the Dutch assets. Platypus also a fantastic gas asset. "Gas will play an important role in our transition to net zero" Tom Cross

"Gross production at the Group's Netherlands assets for the financial year averaged 38.3 million cubic feet per day ('MMscfd'), which equates to approximately 6,608 barrels of oil equivalent per day ('boepd')

•Low-cost onshore gas portfolio in the Netherlands produces from four separate gas fields with an average field operating cost of just US$9.9 per barrel of oil equivalent, generating strong cash flows

•The Brakel field was brought back to full production during the period following the completion of a work programme

•Concept selection planning at the Papekop oil and gas discovery has begun, a proven field with 24.2 million barrels ('MMBbl') of oil-in-place and 39.4 billion cubic feet ('Bcf') of gas-in-place

•Multiple further opportunities exist around Diever West, such as Boergrup and De Bree, both of which contain stacked targets with similar characteristics to Diever West

•Boergrup well permitting and planning is underway

•A new seismic reprocessing project began in Q4 2019, which will help define and high-grade the extensive

prospects around Diever West

•Dynamic reservoir modelling suggests Diever West held initial gas-in-place of approximately 108 Bcf, more

than double the post-drill static volume estimate of 41 Bcf

PMG focus on Gas will pay off massively. Possum Gas field - also Parkmeads could significantly increase recoverable figures for Platypus. Macro wise now is the time to announce project sanction.
On another note Serica must be loading up the cash. Would love to get the Skerryvore update that we have been waiting for. What a team - Serica, Cal and Parkmead.

Still think Skerryvore could be used as a bargaining chip with Cal to get a larger share of Platypus. 4600 boepd was just a flow test. Extraction rate could be considerably higher given new tech. wouldn’t be surprised at 10000 + Pumped straight to Cleeton. Nice and easy.

Mid estimate 105 billion cubic ft of Recoverable gas. Flowed at 4600 barrel of oil equivalent per day when tested. 20 year life. Also pleNty of scope to increase size of resource. Big project

Parkmead in a great position with our Dutch assets. Time to bring on Platypus too! very exciting

This is why PMG are ‘gas hungry’

Supply squeeze set to continue upward trend in European TTF prices. Currently at 12 year high. Our Dutch assets are not only producing and profitable but there is scope to increase production significantly. Not represented by SP. Perfect time for Platypus update as market for gas is so strong

Two very exciting prospects and both with Warren Buffets Cal Energy as partner. Platypus is better progressed and we know PMG is to be the operator. I can see PMG giving up a big chunk of Skerryvore for more input by Cal financially in the development of Platypus. The language Tom Cross has been using hints at the pair working well together as a gas hungry team. Gas prices high atm and looking strong. Cal have the infrastructure to pipeline Platypus gas which could expedite production significantly. Skerryvore sounds exciting but will take longer to progress and PMG surely want some more cash flow to fund development of other projects. Exciting times are coming. As I understand it both Cal and PMG are committed to going with Platypus together with no other partners. License expires in July so we must surely have news soon of the roadmap for development.

I’ve been here 3 years Nicetomichu so clearly my timing is off but that has allowed me to build a good holding and bed and ISA a big chunk. Patience will be rewarded and soon. Tom Cross is always bullish. He doesn’t seem incentivised by short term share price movements but is definitely a deal maker. When they come they will be block busters. Your buy and hold and trade around the margin strategy seems very sensible. I look forward to celebrating with you. Hopefully soon!

https://site-1215390-6732-4671.mystrikingly.com/ Parkmead leading the moray firth SIG. estimated 2.7 billion boe as of 2020. Collaboration at massive scale.