Member Info for MaryMullins

Tim Coxe spent a year or two at PMG self employed in charge of the GPA project. He left late last year to go To Apache as development manager ?.
GLA.

Why keep feeding the devil. I do not know of any instance where the BOD have mislead investors. There will be an update later in December. End of.
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adoubleuk - I was thinking along the same lines as you "In accordance with regulatory requirements, the rig will now plug and abandon the well before demobilising" seems an odd use of the phrase as everything is/should be done to O.G.A. regulation so why state the obvious?
Extremely unlikely but just perhaps it would not suit the Conservative party just before the election if connectivity between the wells was confirmed . I imagine the S.N.P. understandably would make political capital out of it.
Fantasy, probably but who would have thought Cameron would have made such a hush hush trip to Shetlands a few years ago.

Taken from O.G.A. latest official update.
Project Summary
The Platypus field is located in the Southern North Sea gas basin in Blocks 47/5b and 48/1a, 18 km (11.2 mi) north-northwest of the West Sole gas field and 15 km (9.3 mi) west-southwest of the Babbage field. As a result of the successful appraisal well in August 2012 the field is being progressed towards development subject to an economically acceptable transportation offtake route being secured. The Concept has been approved for a tie-back to Cleeton Platform with onwards export to Dimlington. Tenders for Subsea Pipeline & Facilities EPCI, Umbilical Supply and Controls Supply are planned to be issued late Sept/early October 2019. Sanction expected in Q2 2020 and First Gas in Q4 2021.

GrdianAngel - It looks good for PMG to be seen to be diversifying. I really hope it works for all of us LTH's. Fact is if you add up all the wind power generated globally it does not add up to even 1% of global energy needs. The main reason a move was made at this time was to increase Cross and affiliates share percentage to over 25%. which makes a hostile takeover extremely unlikely which should give us some comfort.
Just my opinion but it is all about getting the maximum price for GPA and if this is correct it certainly gets my vote. Still unhappy at the way the farm deal was handled. PR disaster.
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adoubleuk - A big if but if HUR has information that there is connectivity between the wells would they not have a duty to RNS this data as it it possibly more price sensitive than the actual DST result itself. Just a view.
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SoftheB for sure we cannot work forever but I would have thought they would have stayed on a bit longer for the "accelerated" Dana to gain traction. Just an opinion but it seems a coincidence after the recent Pitreadie purchase. Colin Percival has done so much for PMG including bringing the GPA together. He is the man who has been promoting the hub principle with his detailed work on the Outer Moray Firth. Anyway we move on and Colin could always do some consultancy for Longboat Energy.
Must agree with Grdian Angel that GPA will be sold and no bad thing, need very deep pockets for that one. Nevertheless for Parkmead to now promote itself as a gas producing company when your biggest asset is oil in development says it all.
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As expected but a poor second half . The fallout from the Pitreadie purchase the most intriguing aspect. Colin Percival and Kevin Holley both to retire , a big loss to the company, just a coincidence?
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SotB, Not certain but historically it has always been the third Friday in the month so this Friday?
The results should be O.K. but progress on one or more of the assets is the key. Whatever our view of the Pitreadie purchase it has done damaged to the reputation of Cross (fairly or unfairly) and a copy and paste " the team continue to look at further opportunities" statement will not be sufficient this time. I hope the NOMAD and PR company realise this or they should collectively hang their heads in shame at their involvement In the manner which the Pitreadie was handled. No pleasure in saying the above as I have been in this one a long time, but an honest opinion.
GLA

Above said to be up for sale and considering bids from 6 companies. They have 30% of Skerryvore and Ruvaal (Teviot) and 11% of Platypus. Whether PMG will get a chance to increase the equity in Platypus is unlikely IMO.
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Mulling over the RNS re. Platypus development. Anyone remember the above where PMG had a 20% stake ? Hansa Hydrocarbons relinquished the licence due to the unreliability of going through West Sole not the quantity of gas in place. Pharos was spoken about of being developed alongside Platypus. With Platypus now due to go through Cheetham will Pharos come into play again?
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Above should be due soon.

It is good news Buzz, however Dana announced it on their website last week, why PMG didn't RNS at the same time shows the poor comms with PI's. Just my opinion but the muted initial response is a direct result of poor comms and the farm saga which still needs clarifying.
It will take some time and a series of good news for investors to regain confidence. Sorry to be so negative but I still believe good things are possible.
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Since the RNS of 17/09 it now looks like that they are out.
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Neil - Skerryvore is the second time around, as with some of the other assets PMG relinquished it and then took it back on. The same applies to Davaar and Blackadder. The licence is to reprocess seismic data and a contingent well. No chance that anything will come out of PMG but possibly from joint partners Serica, Cal and Zennor. My take is that because it is a new partnership on this licence that everyone has the latest data. The nearby Ruvaal on a separate licence is on a drill or drop basis.
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Thanks More coffee required !

Above now on websitr.
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Neil just seen your post to me from yesterday, just my opinion and I stand by it. I do not agree that many PI's are not selling. The trades to me indicate that a good number of longstanding PI's are not prepared to hang on any longer which is a pity and of course that is what it is all about.
Pretty sure that it is Polar Capital continuing in drip feed blocks of 10000 into the market and cannot agree that it is because PMG - oil sector does not fit its investment criteria anymore. Not a sound strategy to keep selling into a weak market so there must be another reason but how Polar gets its reward I would not know. Time will tell but I believe someone is loading up with ammunition.
When PMG were negotiating tariffs with CNOC and partners it was speculated that they had made an informal offer of £1.42 for PMG, seems very fanciful now. What is without doubt if a formal bid does appear it will be nowhere near these levels.
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Robert Trice has taken Hurricane from a passion, floated it on AIM and has virtually ticked every box with his aspiration (exc. earlier Warwick) and is achieving results on time and on budget. Surely must be worthwhile allowing him time to prove up the theory or alternatively listen to doom merchants on BB's not hard is it?
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Hi Bitethebull - I cannot really add more than my post of 11Sept. With my view. As far as I know there is nothing to be concerned about.
Pure speculation on my part but perhaps PMG got wind of an opportunistic bid? Strange that the II reduced their holding when the share was down here. It is now under the 3% so under the radar.
GLA.