Member Info for doyle172

People spreading fear. Not nice. This is so oversold given assets, cash and revenue stream. Bonkers.

Just not sure what it is.

Stonehage met with TC recently and bought 3% more of the company. Somethings afoot

Very valuable to a profitable producer. M&A activity likely.

A non-cash one-off impairment of approximately £33m relating to the Perth area will be recorded in the accounts to 30 June 2023. Parkmead remains in a very healthy cash position with ongoing valuable revenues from our producing Dutch gas fields and onshore UK wind turbines. Additionally, the Group has a very significant pool of UK tax losses, which total in excess of £150 million. This tax position means Parkmead is exceptionally well placed in respect of making potential acquisitions, at a time when UK oil and gas taxation for larger producers is at such high levels.

Https://tradingeconomics.com/commodity/eu-natural-gas

Would be a good time to announce Drenthe on line

Crazy price atm. TTF up 20% Hot summer and there will be a price squeeze even before winter and cold weather.

https://tradingeconomics.com/commodity/eu-natural-gas

Summer heat wave will see TTF recover. https://tradingeconomics.com/commodity/eu-natural-gas

Dutch RNS over due

Great to see the potential of Dutch assets. Have heard potential 12 more dutch projects / drills.

Sounds like flow rates and asset size must be pretty big if they have to shut in the terminal to handle the volume.

Cash generated will pay for development of Dutch and UK assets. Would be a great time to announce Platypus return.

The longest RNS by Tom by far. Maybe he has finally woken up.

All very positive

£1.28 next

The two £20k sales weren’t. It was my bed and isa. There’s 180,000 of your offloaded shares. Looking forward to this turning back up now

Hammer time!

Either way. Shorts closing or buyer. All means weak stock gone. Hopefully move up takes a week so I can bed and isa again. 6th year!

The cynic in me makes me think this could be engineered. They would have known shorts would jump on the results. Then massive buys for mates? Or shorts closing. Either way some have been robbed

They are both buys. 1.1 million shares.
Can’t be a lot of stock at these levels now. If you sold out you’ve been robbed

For those too lazy to open a link. From CNOOC strategy page

'The CNOOC International strategy for Scott is to maximise recovery from the Scott and Telford fields in a safe and environmentally responsible manner, defer abandonment costs and attract third party or equity tieback developments.
The focus areas required to deliver this strategy are to maintain sustainable hub operations, maintain reserves and add production through infill drilling and acceleration of near field tie-back developments.'

To extend life through tie backs https://cnoocinternational.com/operations/europe/uk

GPA ?

And Skerryvore will cause some excitement at some point in the next couple of months

GPA update and Dutch flow rates. The Coro thing is just a hunch. ISA fill again next week. Are you back in?

Maybe fill another ISA allowance next week and then good news

Chutes on ADVFN spreading fear that cash will be gone once decommisioning paid for. It has been paid and £19.2 million remains. Shorters relying on people not reading the RNS

'There was a £12.7 million cash spend on decommissioning activities in the six month period to 31 December 2022. After this spend, cash and cash equivalents at 31 December 2022 were £19.2 million (2021: £24.1 million), equivalent to 17.6 pence per share.

Skerryvore and GPA very much in play still by sound of things. Dutch gas rates imminent. And licensing round. International investments a new thing. maybe Coro?

Painful as it is, we are not alone. Whole market being smashed. Contagion everywhere. Fundamentals here still good. Great opportunity for some to buy and hold.

Went through SETS?

Hopefully some news soon. Must be!