Member Info for robs12

21 in 2017 on average:
10 mgt and consultants
4 technical
7 admin, Project & IT

vs 25 in 2016.

In the annual report..

Agreed. I think/hope we'll get:

1) Sparkling dutch gas cash and profits compared with last year.
2) AGR Tracs significant upgrade to Perth reserves
3) Solid GPA news - from OGA recently - "The CHOSEN development concept is now a subsea tie-back to the nearby Scott platform which is circa 10.45km away. The project is scheduled to get OGA approval to go in to FEED in March 2019. FID is planed for Q4 2019 with 1st hydrocarbons currently planned for late 2021. We are currently EXECUTING a number of scopes with our chosen engineering contractors." (My CAPS).
4) Solid Platypus news - from OGA recently - "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. Studies are actively being pursued with 2 potential hosts and THESE WILL BE CONCLUDED 3Q 2018." (My CAPS).
5) Possibly something about JV discussions for WS...

Shame Verbier drill is is delayed again. From the 2017 Annual Report - "Polecat and Marten have the potential to be highly valuable to Parkmead given their close proximity to a number of possible export routes, including Perth. Parkmead notes the recent Verbier discovery made by Statoil in Blocks 20/5b & 21/1d, approximately 12km east of Polecat and Marten. Verbier lies in the same play fairway as these fields, and shares many similarities with them. The discovery at Verbier could have the potential to considerably increase the value of Polecat and Marten."
I guess that may come later ;-)

Indeed!
The gas is just providing a little income and keeping the wheels turning - noise in the scheme of things, though I am still expecting it to surprise to the upside.
GPA is what we are all waiting for.

Not sure UK gas price will have much impact.

The Dutch gas is probably sold on long term contracts (but we don't know that for sure and have no details).
But Dutch gas spot price (TTF) has gone up 45% this year, and is even higher against the equivalent prices in 2016-2017:
https://www.barchart.com/futures/quotes/TG*0/interactive-chart

We also know that the average cost to PMG for the gas is less than $10 per boe. But for Diever West it was $6 (from the 2017 Annual report - "The new Diever West field in particular has extremely low operating costs in the region of US$6 per barrel of oil equivalent.")

And Diever West has not only had a significant increase in estimated gas in place (from 41 to 108Bcf) but also a huge increase in daily production (56.6MMscfd in April 2018, 45.5MMscfd in Feb 2018, from 39.3MMscfd at Oct 2017) - maybe double now, we'll find out soon enough?

So I am expecting a very, very nice increase in cash and profit from this.

Never mind GPA, WS, Playtpus news etc.

Not only Sanda North & South (potential 280mmbbl recoverable P50) but Davaar too in the next door block (potential 204mmbbl recoverable P50) - both 100% PMG for now.
Would be sweet to get a JV and poke a hole or two in them sooner rather than later if they have found something interesting.

This from PMG on 4/4/17:
"The Sanda prospects have been de-risked through the drilling of a previous well up-dip of the amplitude anomaly. Parkmead’s experienced team of geoscientists has already undertaken extensive seismic reprocessing work on the licence and has recently acquired detailed geochemical data from the previously drilled well. This new data will be analysed to further de-risk the target ahead of a drilling decision at Sanda."

There's some nice maps here:
https://itportal.ogauthority.co.uk/web_files/relinqs/nov2015/P1839.pdf
https://itportal.ogauthority.co.uk/web_files/relinqs/p1486.pdf

The license for 205/12 (Davaar, P2406) only started on 1/10/2018 according to OGA.

And another snippet about Platypus (PMG 15%) - "The Platypus field is located in blocks 48/1a and 48/1c, 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. Studies are actively being pursued with 2 potential hosts and these will be concluded 3Q 2018. Market enquires will be made for a MODU, NUI Platform & Jacket and host tie-back 12” CS pipeline in Q4 2018/Q1 2019 with RTA in Q2 2019. Development sanction will be made in 3Q 2019 with 1st Gas in 2021."

Platypus was successfully appraised and recorded a test flow rate of 27mmscf per day on a 96/64” choke (approximately 4,600 barrels of oil per day on an equivalent basis). 180bcf in place..