Member Info for MaryMullins

Still here. Could be another false dawn. There may be a reason that has everything to do with Parkmead but nothing to do with oil and gas industry. Sorry to post a riddle but it is the best I can do at the moment. The timescales look about right..
GLA.

https://www.offshoreenergytoday.com/borrs-prospector-5-rig-starts-journey-to-glengorm-field-off-uk/

Good to see AIM maintaining high standards of trading on this one.
GLA.

I would not have a clue Sonofthebull, but it is great fun trying to join up the dots.
GLA.

Bitethebull, Apologies just seen your post of last Sunday. As always plenty of rumours but the fact is progress is still being made otherwise we would have an RNS to say the study had been concluded. I am told that although Scott does process sour the work required will be extensive due to the expected volume, it will not be as simple as a bolt on to the existing structure and be a major job. There are some on Scott who are confident that it will see them through to retirement.
Interesting scenario, Nexen know how much Parkmead will save through not having a FPSO and Parkmmead knows how much Nexen and partners will earn if Scott is chosen. l am told that GPA will be profitable @ $25-$30. which is a staggering cost reduction. Personally I expect news in months rather than weeks and the Verbier appraisal being pushed back to Q4 does not help.
We all like a good rumour and Nexen reportedly made a informal offer for a takeover @ £1.40 about six weeks ago. I would be happy to see PMG sell the majority of GPA at the right price and concentrate on WOS and the SNS. Gas in Netherlands continues to pay the bills.
GLA.

Sonofthebull I am going back to the time when KNOC made the hostile bid for Dana. When Tom Cross said about valuations for oil and gas companies only being realistically valued in the event if a takeover. The point I was trying to make is that it is not unusual for the sector to be heavily discounted.
Bowleven is a good example of when a company was trading at less than cash value. My opinion only but if anything is finalised for the Scott platform watch this fly then not counting all the other licences.
GLA.

pijoe1212 I would not disagree with your simple valuation but ( and I have heard TC say the same thing) more so in oil and gas than any other sector a more realistic valuation only happens in the event of a takeover. Whether that be for the company or some assets of the company (ie. Perth).
If you count only cash, investments (ie. FPM) and the NL gas assets you get to about 50p. Per share. I worked out the NL gas value as a read across as to what Vermilion paid last year for NL assets.
Clearly the company is undervalued but was trading at cash + investment when it was in the 30p's. Pleased that I added at these levels to offset the badly timed trades I had made over the last few years. Still reasonably happy to see how it all progresses.
As always patience and plenty of it required.
GLA.

tom111 Daily tick up or down however large mean nothing on this share. It is the same few traders rinse and washing the same shares so it is irrelevant to long term holders. Just my view and I have been in this one a good few years. Hopefully we will be rewarded one day for our doggedness.
GLA.

whatever happens we cannot say there are no possibilities.
GLA.
https://www.offshoreenergytoday.com/reuters-total-eyeing-1-5b-uk-north-sea-oilfield-sale/

https://www.offshoreenergytoday.com/chevron-puts-all-uk-central-north-sea-assets-up-for-sale/
GLA.

Probably neither, as is common on AIM a fairly illiquid share traded or manipulated (you choose) by a few wealthy individuals. Large increases or decreases mean very little in my opinion. What they cannot stop is true value will out in the end.
GLA.

Just my opinion but PMG and CLNR are working together in the SNS. There are too many licences dropped and then re-applyed for . Daavar, Skerryvore and Blackadder taken back on by PMG and a licence dropped on the Selene Prospect now CLNR as in Allenby Capital Research. Whether it will becomes a more formal arrangement time will tell. GLA.

Thanks pijoe, We cannot even work with the 2P figures as the AGR results are an unknown and there is little chance of these being put into the public domain until a deal (if any) is signed. There is so much synergy for PMG and Nexen in this becoming reality. What an accolade for TC to develop a field which has for decades considered to be in the never happen category. One thing we can say with bated breath is that the Mkt. Cap.willl be well north of where it is now. Perhaps long term holders at last look forward to patting themselves on the back after years of disappointment, much of which is no fault of the BOD. GLA.

I believe I am right in saying still no brokers willing to put their hats in the ring with a rating for this one. Easy to put the Davaar, Skerryvore Blackadder and Lowlander prospects in a valuation but how do you begin to factor in if, and it is still a if, GPA goes across the Scott platform. In the meantime enjoy the summer and wait for news. GLA.

Wonders will never cease Parkmead mentioned in his blog. I would not hold your breath waiting for an interview with TC if I were Malcy. GLA. 30th Round A number of 30th round announcements have been made, I will follow up individually after I have spoken to the companies, however Parkmead announce nine blocks and part blocks in the CNS, SNS and West of Shetlands.

Usual modus operandi for PMG and licencing awards is RNS issued tomorrow morning with a detailed interview with Aberdeen Journal to follow. Broker recommendations in the following days. Panmure Gordon is the one to look out for. GLA.

14/20a (Split)ParkmeadObtain 3DD/D30/12c (Part), 30/13c (Split), 30/17h & 30/18c ParkmeadSerica Energy, Zennor North Sea, Calenergy Shoot 3D Obtain & Reprocess 3D1 Contingent well30/19c (Part)ParkmeadSerica Energy, Zennor North Sea, Calenergy D/D205/12ParkmeadReprocess 3DContingent; New Shoot seismic; D/D47/10d (Split) & 48/6d (Part)Parkmead Cluff Natural ResourcesD/D

Sonofthebull - I trust that is the case. Lowlander is more sour so the parties must be confident that Scott can handle it with the mods. GLA.

Not long to wait to find out if PMG have been awarded a previous licence, Skerrymore. JV rumored to be CLNR. If true I assume it will be on a drill or drop basis. GLA.

On O.G.A Twitter feed. Awards to be announced tomorrow. GLA .