Member Info for Investor81

19m payable within one year. That's most of the cash balance gone!

The Notice of AGM and Annual Report have been published and copies are available in the investor relations section of the Company's website at www.parkmeadgroup.com.

Anyone managed to track these down?

Also fact that management don't respond to emails is a big red flag. Tough questions should be addresses!

Any UK costs can't be offset against netherlands profits hence the high tax.

9m sounds good but most will be taxed and rest wiped out by other costs. Really disappointing.

Shame the tax regime is poor. High growth in revenue and gross profit mostly thrown away in taxes. With taxes continuing to rise how much more needs to be brought on line to make a profit?

Need more assets to be monetised...

Bizzare all this holders on various shared who then constantly bash the said share.

More investors need to contact him! So what if they Invested at IPO - they failed to follow through on the stated strategy. Plenty of assets have been available out there.

Now is this time for them to buy shares on the open market to give investors confidence.

Can all holders send Helge an email highlighting concerns re performance and strategy. May not make a diff but the more emails the higher chance of an impact.

longboatenergy@fticonsulting.com

The interims show tax of 1.7m despite profit before tax of 1.3m.

'Taxation for the period was £1.7 million (2020: £0.2 million), mainly due to the very low Netherlands cost base and payment timing.'

The windfall tax will be taking another big chunk from the group.

Yes because he tracked TTF prices up. Share price is a joke.

Steven are you invested or only post negative things here?

Yes source please.

Hi

'Paul Forrest's total shareholding in the Company is now 538,750,000 Ordinary Shares representing 19.49 per cent. of the Company's issued share capital.'

I have looked on the website athttps://www.angusenergy.co.uk/investors/share-structure-significant-shareholders/ but can't find him listed. Can anyone help?

Can anyone kindly share an email address I can contact the company with?

Thanks

Offset is good as getting back.

You pay less tax therefore less money will leave the business.

If we didn't drill then we will have paid 91% tax on profits from wressle equivalent to the drill cost on Sereinity.

In4cedros I only invested this month. What your thought on cash burn specifically admin expenses?

Unbelievable they've split the financial statements across two RNS part 1 and part 2.

Included in part 2

'Contingencies

One of the Group companies, CEG Inniss-Trinity Trinidad Limited (formerly known as FRAM Exploration (Trinidad) Ltd), has been named as a defendant in an ongoing matter in the High Court of Trinidad and Tobago in place since 2019, and still ongoing at 31 December 2021. The Group's exposure, in the event of an unsuccessful defence of the claim, is estimated to be in the region of $0.7m to $0.9m, referable to the sums claimed, interest and legal costs. The Group has filed a counterclaim which, if successful, may either fully extinguish the Group's potential exposure or will substantially reduce the Group's exposure. The parties to the claims continue to be in the process of settlement discussions. The matter has not been concluded and its outcome cannot be reliably estimated at this stage. In accordance with International Accounting Standards (IASs) - 10 and 37, no provision has been made in these financial statements in relation to this matter.

Other than as set out above, at 31 December 2021 and 2020, the Group and the Company had no other material contingent liabilities that require disclosure in these financial statements.'

TBF I've not ramped. I've highlighted issues around high admin expenses...and material uncertainty.

Hi JB. Everyone knew restructuring is good. The potential here is the Uruguay licence. In the meantime see how cash is managed.