Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Should hear early May coming from Parkmeads partner Orcadian Energy.
Ah I see what your saying you have shorted Parkmead......You sly old fox !
Hi Roadster
Nice to read your nippy comments. You will never get a better buying opportunity.......and you know it !
Someone knows something !
There's no point in explaining if you can't read be bothered to Parkmeads website !
I'm sure Orcadian can deal with the duplication questions.....
Besides what's your question scoobydriver ?
Nice updated photo of Tom on the Parkmead website !
Still looks young for his age.........
Parkmead Group, a “major European renewable energy developer” is in talks over a proposed 100 megawatt (MW) wind farm near Banchory.
Discussions are “progressing” and the Aberdeen firm, led by multimillionaire entrepreneur Tom Cross, hope they will lead to a joint venture.
A 100MW wind farm could power an estimated 110,000 homes.
The land at the heart of the proposals is at Pitreadie on Royal Deeside.
Mr Cross’s wife, Linda, and a business partner sold Pitreadie Farm to Parkmead a few years ago in a deal worth £4.9 million.
The company also took on £3.6m-worth of bank debt.
At the time, Mr Cross said Pitreadie was ideal for the installation of wind turbines, solar panels and biomass production facilities.
In a first-half results statement yesterday, Parkmead confirmed potential for a solar farm at the site.
Meanwhile, the company is conducting a study on another site in Scotland with the potential for a 30MW solar farm. It did not reveal the location.
And it is “evaluating options” to ramp up electricity generation at its Kempstone Hill wind farm, near Stonehaven.
The three turbines at Kempstone were acquired just over two years ago from the family behind G & J Jack Seafoods, of Fraserburgh.
Alternative Investment Market-listed Parkmead paid nearly £3.3m.
The small wind farm generated revenue of £700,000 during the year to last June.
The company said: “At Pitreadie, commercial discussions continue to progress with a potential European joint venture partner to develop this area.
“Following positive results from initial studies, further environmental surveys are scheduled throughout 2024 to support the planning work required to unlock a major 100MW wind farm application on this site.”
Parkmead also has onshore and offshore oil and gas assets in the UK and Netherlands.
The company reported pre-tax profits of £911,000 for the six months to December 31 2023, compared with losses of nearly £5.2m a year earlier.
Mr Cross, executive chairman, said “excellent” production rates from onshore gasfields in the Netherlands put Parkmead back in the black, “setting a base for future success”.
But revenue sank to just over £3.4m in the latest period, from about £11.1m previously.
Parkmead said the plunge in sales reflected a sharp fall in average Dutch gas prices.
Bobs a blether of trying to get the share price down......
Very sinster.
Bob ever the pessimist.......
Bollacks
That's always been the case baa heid !
Cavendish value is currently £0.50.......The discount here is unbelievably low , Surely we can push on through to £0.40 in the short term.
There's an abundance of news due to be delivered !
Why would harbour buy it ? Are they not wanting out of the North sea.
There's oil there Cross will give nothing away.
Pollock !
What a tit !
Analysts have named Parkmead Group’s (AIM: PMG) Skerryvore as the UK North Sea well to watch.
Westwood Global and Wood Mackenzie have marked it as the most prospective exploration well going in 2024, and the only one considered “high impact”.
Parkmead is targeting 155 million barrels of oil equivalent of pre-drill resource from the project.
Drilling is expected to take place in Q4 of this year with opportunity “for a number of low-cost tie-back options”.
When the project was approved in 2022, Parkmead pointed nearby activity on Harbour Energy’s Talbot, Neo Energy’s Affleck project, and work at ConocoPhillips’ Tommeliten A, which sits close to Skerryvore over in the Norwegian sector.
Parkmead is operator with a 50% stake, partnered with Serica Energy (20%) and CalEnergy Limited (30%).
Eight wells targeted in 2024
“UK E&A activity is expected to be maintained in 2024,” said Westwood Global, which is targeting total pre-drill resources of 325 million barrels of oil equivalent.
“All wells are infrastructure-led exploration (ILX), with one well also considered high impact at Skerryvore, targeting pre-drill resources of 155 mmboe. There are 13 companies expected to participate in E&A drilling in 2024, with NEO Energy and Harbour Energy being the most active.”
Be there long before April !
Don't think so ! 🤡
KCA are going to drill it from the Scott platform is the news
In the North Sea.....