Member Info for doyle172

Crazy cheap and £168 million in tax losses. Plus Skerryvore and dutch assets. Plus Gamma. That would put a spark on the share price

For £15 mil mcap. But still waiting for the 'transformational' deals that TC told me were on their way. Hopefully we also get flow rates from new LDS well soon as this could easily double revenue or more. Think he said by end of month. Chance to buy some more

Deal coming in next few weeks. Tom did mention 17th to me on phone call but rns suggests may be a bit later. I think he has something to tell us soon

What's 14 million barrels worth to CNOOC / Scott Partnership?

https://www.offshore-technology.com/data-insights/oil-gas-field-profile-perth-conventional-oil-field-uk/?cf-view

https://itportal.nstauthority.co.uk/eng/fox/oga-report/PED300X/offshore-licence/?LICENCE_TYPE=P&LICENCE_NO=218

My post from a couple of weeks ago following a conversation with Tom. He called me back finally and was incredibly positive. Align with the RNS

Skerryvore is 'analagous to Peirce' and is an appraisal well. One of the best 'low hanging fruit in North Sea'

I spoke with Tom Cross last week after trying to contact the company secretary as so frustrated at lack of news. He called me back personally. 'There is no other company in the sector with the upside of Parkmead'. He feels the frustration re share price and feels it himself as the biggest shareholder. He is massively vested and invested. Skerryvore is incredibly well supported with partners Cal and SQZ. Cal are 'awash with cash' and see Parkmead as a strategic partner. Buffet likes Parkmead. I wouldnt be surprised if an offer came from Cal at some point given close working relationship. Two company making deals on the go, one renewable and one gas. Scott partnership also interested in working on Gamma East, which is 100% Parkmead and lies directly under Scott, which has its own drill rig on board. Make of that what you will but its sweet not sour crude. Dutch projects great results but on shore licensing takes time. Its a queueing system. Dutch authorities want the gas and its a considerable result. He couldnt tell me any more for obvious reasons, but said more will be revealed in the results on 17th November. £158million of tax losses to offset is a 'massive asset' Could be used or packaged with an asset or part of asset and sold (Skerryvore) for a big payday

Parkmead have finally registered on Investor Meet Company. Finally seems that there may be something to talk about following results and update. Positive

I spoke with Tom Cross last week after trying to contact the company secretary as so frustrated at lack of news. He called me back personally. 'There is no other company in the sector with the upside of Parkmead'. He feels the frustration re share price and feels it himself as the biggest shareholder. He is massively vested and invested. Skerryvore is incredibly well supported with partners Cal and SQZ. Cal are 'awash with cash' and see Parkmead as a strategic partner. Buffet likes Parkmead. I wouldnt be surprised if an offer came from Cal at some point given close working relationship. Two company making deals on the go, one renewable and one gas. Scott partnership also interested in working on Gamma East, which is 100% Parkmead and lies directly under Scott, which has its own drill rig on board. Make of that what you will but its sweet not sour crude. Dutch projects great results but on shore licensing takes time. Its a queueing system. Dutch authorities want the gas and its a considerable result. He couldnt tell me any more for obvious reasons, but said more will be revealed in the results on 17th November. £158million of tax losses to offset is a 'massive asset' Could be used or packaged with an asset or part of asset and sold (Skerryvore) for a big payday

Parkmead has some of the 'lowest hanging fruit' in the North Sea. Skerryvore analogous to Pierce Field. Possibility of working with CNOOC and Scott field partnership in Moray Firth. New deals being worked that will be transformational. No other company with the upside potential of Parkmead. £158million of tax losses which has a very real and significant value. Dutch gas producing revenue and recent discoveries are significant. I wouldn't be surprised if Platypus comes back. Cal are close partners in lots of ways and are awash with cash

£158 mill of tax losses which can be used as buy in for new projects / jv

Yes. Sorry November 17. Very excited about future here. Like Dana at 50p . Just wish I could buy even more!

Just spoke with Tom Cross. Cant give details but the above is a quote. Very excited. Multiple company makers. Massive value. Looking forward to 17th October results

Last chances at this price imo.

Parkmead may find something from the IOG collapse. Could be some great opportunities.

Once its clear what value we can attribute to those losses (i.e. when deal announced)we will multibag. I think the thoughts are some late life producing assets. Need details of the deal, but big upside from this silly mcap

Someone building a sizeable stake over the last few weeks. Patiently taking a big chunk of the company. Hopefully we find out who soon.

Dutch update well over due. Platypus and Skerryvore. Wont stay down here long. Think some kind of corporate activity. RTO / Asset purchase will come soon. Tom Cross no longer distracted by GPA. Hopefully his old magic comes back! Have a feeling it will. TTF https://tradingeconomics.com/commodity/eu-natural-gas

Selling here irrational capitulation. looking forward to ride back up. Apart from the obvious discount to NAV MCAP £14 mil

£20 mil cash

£4 mill land

£3.5 windfarm

£11.1 mill of revenue last 6 months accounts

We have

Skerryvore £157 million barrels

Dutch assets revenue generating and currently awaiting new flow rates at Drenthe. They has to close the production down to cope with significantly higher flow rates (Dutch Windfall Tax only applies to 2022 FY)

33rd Licensing round. Fully expect Platypus back with partner in place. CAshed up and ready to develop as it is a priority cluster. News on this is due before other licenses

Https://www.nstauthority.co.uk/media/8425/sns-cluster-rationale-accessible-7-october.pdf

No one knows this field better than Parkmead. Hope decision comes soon.

Good to hear some common sense on this board. Not sure what is going on re shorting or some capitulation, but it has to turn at some point irrational to sell here given assets and revenue generation.

Mcap £14 mill

Cash in bank 20 mill

Generated revenue of £11.1 million in 6 months to December 2022

Windfarm producing and inflation linked tarrif

Land valued at £4mill

50% of Skeeryvore with committed partners 157 million barrels

£150 mill of tax losses to offset

Plans for acquisitions

37% of company held by Tom Cross (26%) and Stonehage (11%) Stonehage recently added 3% to holdin following a meeting with TC

Dutch gas update overdue but we know flow rates much higehre and reservoir size much bigger than anticipated. Adapting the Garjip terminal to cope with additional flows.