Member Info for doyle172

Yes Dutch drills imminent x2
GPA farm in
Platypus return

Due to ESG investment criteria. I am not a big fan of renewables but do understand that in the current market it is very shrewd to show this commitment. It opens doors in lots of ways including fund investment and fossil licensing rounds. Very shrewd move by TC imo. Gas next. Then Hub. Hopefully no buyout although an offer might underpin us a lot higher. Big move coming

Renewable energy projects open this up to investment by far more funds due t

Good - shows focus. They can't do everything. The asset base is too big!

https://www.ft.com/content/476d8174-1ad5-4dbe-8092-37853b2a7673?sharetype=blocked

Russia about to play its oil card. Showed its hand with gas. Our energy security isn't just about gas but oil. Our hub will be of strategic importance to UK. No way it doesn't get off the ground. 8th biggest pre-FID project in North Sea. And it's basically going free at the moment. Re rate or we get taken over. Either way big upside from current mcap.

Dutch gas drills coming too.

What do you mean?

GPA update
Platypus return
Windfarm
Cant believe we are so cheap. Technicals and fundamentals all aligned. Where's the move? 80p first then news imo

Most are dogs until they come good. Dana was a dog. Serica was a dog. The wait is nearly always painful. Made worse this time by all the shifting geo political pressures. Tom Cross thought Parkmead would be Dana mk 2 on steroids. Fingers crossed

PMG a sitting duck at this mcap. £30 mil Cash at minimum, plus land, plus windfarm, plus producing dutch assets and planned drill for more. Plus Skerryvore all permits in place for a drill. Plus GPA hub the 8th biggest pre FID North Sea project. For £50 million or there abouts. Bonkers. Plus Platypus coming back possibly. Need to get our skates on or we will get taken out before realising the massive value. Certainly a great buy opportunity at the moment.

‘We may even see the return of the Platypus license’ (from FinnCapp) No surprise to me but surprised they are communicating this in a formal way to their clients etc. Platypus return would be a winner. Get rid of Dana and then bring it back to UK control. Platypus very well progressed. I remember talking to someone close to the company who thought If expedited could get to production in 6 months.

Oh well. Maybe we get some weekend press coverage. See Times on line covered the Skerryvore piece. Along with the dutch drills would make a good story. Would help to generate some awareness. We need it.

Unrisked Skerryvore was valued at £2 per share when we had 30%. Target well and truly on PMG now. Expect rns soon offer from SQZ or even Kistos. TC needs to get the share price moving or we will get taken out.

You think Netherland drilling already commenced? "waiting for Netherlands drill results"

Dutch drill update imminent imo. They must be very confident to take stake in Skerryvore up to 50%. Putting the cash flow to good use. Shows confidence to the market. Hopefully our 'news rich' period that we have been promised is finally coming! Woeful performance so far

Should send a message to market.
"Following consultation with its joint venture partners in Licence P.2400 (which encompasses the Skerryvore propsects) and having received approvals from the regulatory authorities, the Company is pleased to announce that it has reached agreement to increase its stake in the Skerryvore project from 30% to 50%. Parkmead will continue as Operator on the licence, which is testament to the efforts and capability of the Parkmead team. Skerryvore will be Parkmead's first operated exploration well. Parkmead's joint venture partners in the licence going forward will be Serica Energy (UK) Limited (20%) and CalEnergy (Gas) Limited (30%).

In addition, Parkmead is pleased to announce that it has received approval from the North Sea Transition Authority (NSTA) to enter the next phase of this licence with agreement to drill the high-impact Skerryvore prospects. The Company's geotechnical work programme has confirmed the considerable multi-interval potential of Skerryvore. The planned well will target the main stacked exploration prospects, at Mey and Chalk level, which studies indicate could contain 157 million barrels of oil equivalent ("MMBoe") in the P50, most likely case. The licence also contains additional prospectivity at the Ekofisk and Jurassic levels. A successful discovery could be tied into existing and planned infrastructure in the vicinity."

Exciting news. Skerryvore been worked for a long time. Big prospect and infrastructure nearby.

8 million barrels released from US SPR last week. Imagine what will happen to oil price when they stop releasing and then start refilling the SPR. It’s at its lowest for 35 years. Oil price been held back by this for some time. We need more supply to help control inflation. Hub would help. 8th largest North Sea project pre FID. proven resource.

News flow is shocking. This leaves us vulnerable to share price decline and manipulation as investors get frustrated. I think we have some big holders here who are quite sophisticated traders, able to manipulate the SP very effectively. North Sea is once again an exciting area for focus. I am still confident that PMG will do very well but we do need news. We know some is coming wrt the Dutch Drills. Hopefully we get some kind of confirmation RNS pre spud in a few weeks. This could be next week.
I would also hope that we get some good news on Skerryvore and hope it will be expedited. Potential ground breaking news on GPA soon toon. It is the North Seas 8th biggest pre-FID project, is proven to flow and will meet environmental requirements. I also feel that Platypus will rear its head. Again a proven flowing resource and whilst Parkmead no longer hold the license, it is 'oven ready' with all development plans in place.
Lots of potential, as always. We just need news. Very frustrating

New two-well gas drilling campaign is ahead of schedule



A drilling rig has been secured for the upcoming 'LDS' two-well campaign in the Netherlands. We now expect to receive the rig by early Q4 2022, ahead of the schedule outlined in the interim results. The LDS wells will be drilled from the existing Diever well site and will target a combined mid-case gas-in-place of 37.2 billion cubic feet ("Bcf") in the prolific Rotliegendes reservoirs within this licence. The production tie-in period for these onshore targets is very short and, provided success at LDS, would result in significant additional revenue and cash flow for Parkmead.