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The deal is practically done for a farm in the hold up appears to be festive holidays with all involved parties
why state end of year maybe ?
Jersey oil and gas stating they will conclude farm in for the Buchan project by end of December/first quarter 23
This news is acknowledging the fact that Parkmeads GPA is
now a question of when rather if this will happen !
Energy security is the name of the game Parkmead has all of these powers. The wait is nearly over for GPA will be announced next year with a farm in partner.
£1+ by Xmas 22........ £2 + by Xmas 23
MRC
You can ask Tom at the AGM next month how he's going to work the cash on the decomm projects.
Honest answer please.
£0.58 to buy best get in while stocks last.
That's why accountants in the oil companies run the show
they have done since day one !
GrdianAngel
Eh?
Following my post on Thursday I decided to follow with action and sold my remaining 20k shares first thing Friday.
Just no longer remotely convinced by TC, but in fairness came out £5k to the good so can't moan.
Genuinely hope for persevering investors that this share does eventually prove to be the new Dana everyone hoped for.
John
NQM
It states quite clearly in finncaps latest report what Parkmeads current assets are.
Is this a concerted attack on the share price from Team Cuckoo ?
Transportation studies for the base case GPA development concept have previously been completed. These have confirmed there are no technical showstoppers that would prevent the transportation and processing of fluids from the Perth production wells, all the way through the offshore infrastructure and onshore facilities. Parkmead continues to align potential project development concepts with the UK government's net zero commitment and has therefore initiated a net zero study for GPA. Encouraging industry interest has also been received with regards to the GPA farm out and constructive dialogue continues across all three GPA licences with NSTA.
See you at the AGM ××
Don't give up your day jobs boys
Parkmead will have a GPA partner long before labour get in
even Sturgeons making a pigs ear if it.
Are you not listening to the Government on there energy policies they need and want the fossel fuels and fast.
All projects will be fast tracked.
Cross in discussions with NSTA as we speak !
MRC
It will take 5 years to remove the wells on the Scott
Platform so it's going no where fast
GrdianAngel
You have hit the nail on the head.....How do you think they have managed to recover the oil from the North Sea basin from 1970 till now it's called Technology !
The Norwegians lead this field, have they not said that they are going to take every last drop out of the North Sea and as they have working interest in the British sector I rest my case .
MRC
Who is paying you to constantly belittle the share ?
Cross is delighted with the results !
MRC
Netherlands kempstone hill or Pitreadie have not been disasters
Oil slump and Covid did not help Athena.
We are all in a better place UK needs energy Parkmead have it in abundance.
Share price is holding up very well,Toms statements are all
Pro active which is a very good sign.
I'm looking forward to the AGM
MRC : I really don't see a worry of £19 million as Tom states Parkmead are still.on the look out for aquisitions ?
As a result of the excellent cash flow received from the Netherlands this year, we decided to move forward with legacy decommissioning activities that are required to be carried out in the UKCS. Completing this work will position Parkmead well ahead of its next phase of growth, with no major abandonment liabilities going forward. Decommissioning provisions for the period were £19.2m (2021: £0.4m). The Group is also capitalising on lower costs, agreed before the significant inflation in the offshore market.
GrdianAngel
Of course I will pass on the the AGM questions and answers although I'm biased it will be the truth the whole truth and nothing but the truth....It's collaboration that's going to get the GPA up and running not £19 million.
You can all ask Tom next month instead of scratching your heads !
£19 million is peanuts for an energy company.
Plenty of dialogue with NSTA and Parkmead for the GPA project it's alive and kicking.