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Never seen a jump like that on a UT
The North Sea Transition Authority (NSTA) has issued 31 new exploration licences as part of the third tranche of its latest Licensing Round, with firms including Hartshead Resources, Neptune Energy and Perenco UK among the winners.
Neptune Energy: 44/13a, 44/16c, 44/17b, 44/18a, 44/23a
https://www.energyvoice.com/oilandgas/north-sea/exploration-production/552821/breaking-nsta-reveals-winners-of-latest-north-sea-licensing-round/#:~:text=33rd%20Licensing%20Round,in%20the%20Southern%20North%20Sea.
Today 15:34
Orcadian Energy: 50/21a, 50/26, 49/25b, 49/30b
https://www.energyvoice.com/oilandgas/north-sea/exploration-production/552821/breaking-nsta-reveals-winners-of-latest-north-sea-licensing-round/#:~:text=33rd%20Licensing%20Round,in%20the%20Southern%20North%20Sea.
Orcadian Energy: 50/21a, 50/26, 49/25b, 49/30b
https://www.energyvoice.com/oilandgas/north-sea/exploration-production/552821/breaking-nsta-reveals-winners-of-latest-north-sea-licensing-round/#:~:text=33rd%20Licensing%20Round,in%20the%20Southern%20North%20Sea.
Down Down and Down
Cannacord today.
While there is still some hope that Pensacola funding may be found over the next month or so, we still believe that carrying some value for it in our target price is reasonable. However, naturally we heavily cut that value to reflect the clear and near-term risk of asset loss.
As a result, we reduce our risked NPV10 based target price to 110p (from 180p). That includes the following: Selene, risked 89p (unrisked 133p); Pensacola, risked 8p (unrisked 96p); Syros, risked 15p (unrisked 148p).
Date Broker Recommendation Old Target New Target Rating Type
17-Apr-24 Canaccord Genuity Speculative Buy - 160.00 Reiteration
First of all thank you Tamovv and Stupmy for your input, I know we are down due to Divi, but if the deal does not materialize, will that hit the SP or are we valued as per the results ?
Https://uk.advfn.com/stock-market/london/parkmead-PMG/share-news/Parkmead-Group-The-PLC-Interim-Results-for-Six-Months-Ended-31-Dec-2023/93564171
· This is the first time that the Fynn Beauly accumulation has been licensed to a single partner group, creating an exciting opportunity for Parkmead (50% stake) and its partner, Orcadian Energy (50%) to advance the development of this substantial resource
Being an AIM share, Surprised no leaked news....
So were all those buy backs worth it?