Member Info for Isengard7

i already sold about 25% of my overall holding in PMG early Jan when it spiked up 40+. so bit of patience and wiill be completely out of this share later on this year. i won't post on here even if your all on fire lol

streetighter, what is there to understand about the "moaners" they remain here because they don't want to incur or crystallize losses. they remain to see if it has a bounce, enough so that they can sell at break even or with just reduced losses. For me personally if I can get out at break even that will do me. my average is very low so would only need a small bounce to get my exit price, So don't worry there will be at least one less moaner if this does have a spike even just a little one.

we will get to find out eventually, just to clear up my last post, but i doubt they will be upfront about it. they will just tuck it away somewhere in an RNS or annual report.

either they relinquish it to focus on the gas, or the licence expires, or they get an extension. (chances are we won't get to find out. it will happen quietly in the background) unlikely to get a farm out. people within the industry are too smart for that in my opinion.

Yes i said PDL because originally that what it was referred to as couple of years ago. Revealing how long I have been in this forsaken share. Nowadays they're calling it the Greater Perth Area as pose to the Perth-Dolphin-Lowlander hub. Sonofthebull, either way not convinced on it. what difference does it make if its 100k barrels, 1 billion barrels, or 10 billion barrels? PMG is a sitting duck. just imagine if they end up relinquishing it. share price will get hammered. and its already been battered. There several resource and mining companies that report that their licences contain X amount of oil or X amount of gold. most of these AIM companies never deliver. very few companies actually do anything with their licences, SQZ is a good example of a success story. PMG was supposed to be a similar sort of company with similar potential etc. lots of people thought PMG was going to be similar to SQZ. instead PMG flopped. we're here debating PMG because it flopped. some in denial, some still hopeful and patient, some like me who are just fed up of it. why would anyone do farm out with PMG. they can just wait for it to relinquish the licences. they must have an expiry date. PMG's share price would not have dwindled this much and Fidelity would not have sold/be selling, if it was realistic for it to do farm out. This company is adrift.

not convinced on GPA or PDL for that matter. A major licence likely to be relinquished this year. Lets hope we get share price spike, would like to sell remaining shares on the next spike. GLA

licencing awards? why? so they can spend millions on it and then quietly relinquish them and hope nobody notices it?

the amount of excess cash the company has the honorable thing to do would be to return the cash to the shareholders through a one off dividend. but this is PMG we're talking about here.

Streetfighter1, when i say rampers i don't mean here. I did say twitter. your just taking what i said out of context like some sort of journalist lol. And yes I am sincere, I think the current share price is correct and fair valuation for the company at this present time with all the information that is available. I am not ramping it, and I am not deramping it. I am fairly neutral I would say, in that I believe the current price is a fair one.

the "strong" asset base is a red herring. A lot of is costs they've incurred on the licences which they've capitalized. That's being depreciated into the impairment and admin costs on the P&L. �33m of it is Exploration and evaluation assets. I wouldn't personally count that, because a lot of it is pointless oil licences which they will never do anything with. its only the gas in diever west which is actually relevant. so really in my personal opinion you really have an asset base base of around �50m. Deduct total liabilities of �13m, and actually reveals the current share price and the current market cap is about right. i don't buy into the "� Strong total asset base of �82.2 million at 30 June 2017" and this repeated a lot on twitter and is very miss leading. just like to expose the rampers on this.

oilfinder i have to agree with you. especially as its just fallen below 40p again. i have sold a tranche today. but still got another 2 lots left remaining in it. needless to say as my holding diminishes the less i will care to post. GLA.

finally starting to look good now. Good luck to all except Buzz.

Well Well, probably partly due to the twitter ramping brigade.

Pjoe1212 (GG) Evening. finally we have some movement. We've been waiting for a while for this!

yep that's right. Another placing. Enough cash at bank I hear you all say? I am sure they had "enough" cash back in 2015 when they did the placing then as well. It didn't stop them from raising it then either. Another placing. Just another cockroach oil company on AIM that lives day to day between placings. A truly sh*t company and as Abritrage quite rightly says a fitting end to an absysmal year.

Fidelity doing a controlled sell. Some very wealthy PIs picking up the slack. Its not enough share price gears are in stalemate. It had nice volume but it stalled before it could get moving.

that is about as optimistic as i will ever be on this company.

Some nice volume recently. We need a lot more of it. I think 70p is a more realistic target in the medium term. This share behaves more like an elephant.

coincidental lol. Okay let me prove it, that its not. "UK pipeline shutdown sends oil and gas prices soaring" - Last time I checked PMG produces gas. Gross production at the end of October 2017 at Diever West was 39.3 million cubic feet per day (approximately 6,764 boepd, 507 boepd net to Parkmead) Its a crap company.and the market knows it. shame it took me this long to work it out myself.

https :// www .ft.com/ content/ 24f8024a-de92- 11e7-8f9f-de1c2175f5ce "UK pipeline shutdown sends oil and gas prices soaring" PMG share price........i don't think i need to say anything further. you all know me by now lol GLA