Member Info for MaryMullins

Robs12 - excellent posts, thank you. It is no secret that TC was not best pleased when a workover was performed on Athena as he wanted to re-drill. Athena was capable of producing 22k. Per. day so it is a sizeable.asset.
If Verbier is commercially successful it will add value to PMG assets. I would think everyone has their cards close to their chests while the supplementary round is in play.
I do not know TC but I get the impression that he will get pleasure in developing GPA when plenty in the industry still say it will never be developed. To tie in Athena would be another feather in his cap.
GLA.

Credit where due. The O.G.A. is the best thing to happen for North Sea exploration in a long time.
G.L.A.

http://editor.ogauthority.co.uk/news-publications/news/2019/oil-and-gas-authority-welcomes-cnooc-s-glengorm-discovery/
GLA.

azer - Probably wild machinations on my part. Interesting trades post 15:30 when I posted for an illiquid stock.
GLA.

Certainly not something I want to see and I know the BOD have a good % but beginning to think that someone is setting up a bid?
GLA

Arden Partners. Mnemonic code ARDA.
GLA.

We have a new MM on Parkmead. The company trade in a limited number of stocks and specialise in helping corporate clients with finance.
GLA.

Everyone is entitled to their opinion but what makes you believe PMG is no longer looking at assets? The comment at the AGM was they are not looking at old assets which require greater maintenance.
Have a great Xmas and New Year to all posters.
GLA.

Thank you Sonofthebull on your feedback from the meeting. Dramatic drop in costs and anything additionally added to GPA can only reduce costs further.
Thank you
GLA.

If you could ask this one I would appreciate it as I will not be there. In previous years TC has said that GPA is profitable at $45 per barrel. I have seen research by a broker that it was profitable at $37,both of these were based on using a FPSO solution. I would be interested to know the estimate with production through. Scott. Perhaps I am being overly hopeful but would profitable at $25 -$30 per barrel be feasible?
Thank you.
GLA.

From memory 15 to 1.
GLA.

Anyone thinking the same as me? PMG could be a poison pill for FPM to ward off the DNO bid ?
GLA.

Not a mention of PMG results in today's blog. Could it be because TC will not give him an interview or because he took PMG out of his bucket list and said he was "not convinced" that GPA was a good strategy.
GLA.

Not sure how the market will react because there's is still a gross loss because of the impairment. Much of what I wanted to see is here. Just my opinion but every reason to continue to hold and add on the dips.
GLA.

The best source of information is Vermilion Energy accounts and presentation. Gas is sold through the TTF facility and hedged so any price increase will be limited. The Increase in Diever production and the Brakel well now being back on stream will increase PMG revenue as long as exchange rates are fairly static. The item I want to see in the accounts is the Scott tie-in continues to make progress. PMG share price is heavily weighted on the success or not of GPA. The difference between the operating costs of production via FPSO or through Scott is startling, something that will not be lost on Nexen. We do know that TC is a very good negotiator. Anything else in the annual report would be a bonus..
GLA.

Area includes PMG fields Polecat & Marten in southern GPA.
https://www.offshoreenergytoday.com/uk-oga-plans-to-maximize-recovery-from-buchan-area-with-additional-licensing-round/
GLA.

The Times 08/02/2018
Parkmead takes over oil prospects Greig Cameron 8 February 2018 Parkmead Group has moved a step forward on one of its North Sea projects after taking full control of two prospects. The oil and gas company has acquired the 39.95 per cent it did not own in the Perth and Dolphin fields from Faroe Petroleum for an undisclosed sum. In addition, it has commissioned an engineering project with Nexen, an oil and gas group, to see if nearby infrastructure at the Scott platform could be used to develop a hub around the Greater Perth Area in the Moray Firth. Shares in Parkmead rose 5.96 per cent to 41.8p. Parkmead was floated on the Alternative Investment Market in 2000 as an oil advisory and consultancy group. In 2010 the oil veteran Tom Cross became its executive chairman after he sold Dana Petroleum to Korea National Oil Corporation for �1.87 billion. Parkmead has gas-producing assets onshore in the Netherlands and several licences under development in the North Sea. Buying the additional stakes in Perth and Dolphin has increased its probable oil reserves from 28.4 million barrels to 46.3 million barrels. In a further sign of its confidence in the Greater Perth development, the company has commissioned a reservoir study from AGR Tracs International to see if there are ways to improve the flow rates and recovery levels from the area. The engineering study will run for the next ten weeks and look at ways to connect to the Scott platform, which lies six miles to the southeast of the Perth area. Mr Cross said that using the existing production facilities on the Scott field would make the Perth development more commercially attractive by reducing the upfront and operational costs. He confirmed that the company was talking to several oil services groups about the engineering, design and development of the proposed hub. Some of the proposals under consideration are offers to finance parts of the project that would reduce Parkmead's expenditure on getting the fields into production. Mr Cross said: "We are delighted with the significant progress we have achieved with the Greater Perth Area project. "By increasing our stake in the Perth and Dolphin oil fields, Parkmead's oil and gas reserves grow by some 63 per cent."

There was a timescale given as to the Nexen study, it was ten weeks which takes us to mid April. As you say no news since which I see as a positive. There is no question that if the study had concluded it was either not feasible or commercially unattractive a RNS would have to be issued. Personally I would be happy to see the accounts improve in the Finals in November and an update that work with Nexen is progressing.
GLA.

Buzz, every b.b. needs a cheerleader and it gives us a smile. One thing people cannot knock you for is positive thinking .
GLA.

Back to normal service, far to much excitement yesterday.
GLA.