Member Info for NoQuestionMarks

By my reckoning the deal pays for itself in 12 months at current dutch futures.
I think Tom demanded an even 15% working/ financial share of the licenses before committing cash and staff to prolonging/increasing production. I suspect we have been doing lots of legwork without getting the appropriate financial rewards... until now.
A very good deal for all concerned

And worth noting that the effective date of the transaction is 1st January 2021.
We have benefitted from the rise from €16 in January to todays €36.
The €565k price paid amount to about a years royalties for the 7.5% additional interest we have acquired according to my rough calculations (I used an average of €26 for Jan 2021 to Jan 2022)
I think Tom put his foot down and demanded a 'levelling up' of financial and working interests before committing cash to field development.
Good luck all, sit tight, it is coming home.

mrc_mrc_mrc_mrd,
From what I can gather 1MWh is equal to 3412 cubic feet.
So, our 2,460,000 cubic feet of production equals 721MWh.
If we take the €18 per MWh quoted for Q1 2021, I make that €12,978.
So, in sterling thats just over eleven grand per day
by my reckoning.
Do you agree?

Hi mrc_mrc_mrc_mrd,
We only hold 7.5% of our major producing asset Diever West, licence details can always be found in the annual report, page 18 if I am not mistaken.
Gross production for the 6 months to Dec 31st 2020 was 32.8 million standard cubic feet per day, approximately 5648 boepd.
Net to us I make that 2.46 million cubic feet per day or 424 boepd.
It is a trickle.
However, it is a trickle that has kept us afloat whilst the company tries to attract a partner for GPA.
Good luck

With Brent touching $75 and Henry Hub at $3.6.
Shells price assumptions are looking woefully inadequate.
Is that the sound of a cash register I hear!
2021 $40
2022 $50
2023 $60
2024 $63
Gas
2021 $2.5
2022 $2.5
2023 $2.75
2024 $3.03

Agreed milnrowmug,
Everything has changed...
Got to be prepared to sell the lot in a heartbeat if sentiment turns against us.
Greens have the momentum and wind in their sails for now.
Shell just have to walk the walk whilst monetising our oil and gas assets.

The team at Deltic are delivering, for that they deserve the rewards. Salaries aren't excessive in comparison to their peers, many of whom haven't farmed out a couple of licenses to a top notch oil major.
I'm only a tiddler here as the riak is high (150k share at a slither under a penny each) but the rewards could be huge.
Rwminds mw in many ways of when Serica was under 10p for ages and ages before going pop.
Good luck folks

I have been reinvesting dividends since getting aboard last April. I thought Shell was substantially undervalued and misunderstood, time will tell on that hypothesis.
If we and when we break the £15 resistance there is a huge gap to fill up to £22.
I am thinking that taking dividends as cash might be a smarter move as I can see us doing the hokey cokey for some time to come.
I can then top up when we have our left leg out (or should that be in(
What are others thinking?
Good luck folks

Good point Robs12, as investors we need to realise that websites are frequently out of date.
Why? Only rhe investor can decide why they think that is.
The website makes it clear that it was last updated in April 2019.
I'm not saying it is right to do so but it is there in black and white.
The only sources of information you can trust from fully listed companies are regulatory announcements. AIM listed companies are so lightly regulated that even those can be unreliable.
The annual report for full year 2020, signed off on 19th November 2020, lists the licences held then on page 18.
Sanda P.2296 and Davaar P.2406 were ours then, as long as the company updates that list in the 2021 annual report they have done nothing illegal as far as I am aware.
All the best to fellow holders

Scott,
Not if we have 40/50% of the licence.

A bullish statement from Tom six months ago, as yet still no clarity on the developments he alluded to.
Market is understandably skeptical after years and years of overpromising and underdelivering.
Fossil fuels are out of favour in general and Tom is seen by some as a dinosaur who got lucky with Dana.
I'm in the other camp, I see Tom building a solid base from which to grow, with no debt and a small number of shares in public circulation.
Just read Tom's comments again, he has no doubt that we are growing stronger each and every year

"I am pleased to report excellent progress in the six-month period to 31 December 2020 across the Group, despite our revenues being impacted by the low gas price environment. Parkmead has made significant advances within its asset portfolio, whilst retaining financial strength. This creates a very good foundation from which to build as the energy sector continues to recover from the COVID-19 pandemic.
Parkmead is already taking advantage of the strong position we have achieved, accelerating a number of growth steps since the period end.
We are delighted to be moving ahead, in principle, as operator of the Platypus gas development. This has the potential to add significant value to Parkmead.
Our team continues to work intensively to evaluate and execute further value-adding opportunities which could provide additional upside for the Group.
Parkmead is well positioned for the future. We have excellent UK and Netherlands regional expertise, significant cash resources, and a growing portfolio of high-quality assets. The Group will continue to build upon the inherent value in its existing interests with a balanced, acquisition-led, growth strategy to secure opportunities that maximise future value for our shareholders."

The rumours will draw any potential buyers out of the woodwork. Any sale will be agreed via the back channels, hopefully there are several suitors
I am no expert but now feels like a good time to get out of the permian basin. Prices and demand are rising, $10+ billion is a huge return on our $2bn or thereabouts outlay,and however you dress it up the shale business is particularly 'dirty'

@Davde,
Thanks for your honesty.
Only 180p, That's cheap!
I held shares before the consolidation in 2013, my highest price paid is a princely 225p!
It has been a long painful road thus far.
Nonetheless I am still positive about the future. Our assets in oil, gas and renewables gives us options to pivot any which way the wind blows.
Good luck

@Davde,
Timing.
I bought in several years ago, and have added on the dips to leave me with an average price of 72p.
If only I would have listened to my head and waited I could have had twice as many shares with an average price under 35p.
Do you mind sharing your average?

Hello all,
Curious to know how we are faring with our oil portfolio's now that oil is on the rise and Covid is looking to be beginning to be brought under control.

Mine is at dead even after today's close.
I have 60% of my portfolio in Royal Dutch Shell (B class), which are up 25%
I have 5% in Deltic Energy which is up 110%
And.... 35% in Parkmead, which is down 50%.

Parkmead has been the laggard of my oil portfolio for what seems like forever, as many others I let my heart rule my head and bought in at over the odds.
However, whilst I'm not prepared to sink more money in to such a small outfit, I am confident that I will see my investment in profit at some point in the (hopefully not too distant) future.

Good to hear that the company is in discussions with other infrastructure owners in the vicinity of GPA, The Scott partners definitely need a nudge.
Coupled with the "studies showed there are no technical hurdles" quote from the results, GPA seems to be moving forwards.
I have been in for around eight years, now at an average of 60p per share.
Patience needed but the rewards will come I think.