Member Info for Sonofthebull

Lsengard Shares go up as well as down. AGM three weeks tmrw. Tom will give more reassuarance !

Lsengard:::;:: aye we agree you talk a load of baloney !

Buzz:::;; Nothing it’s not going to happen !

Go Tom go........ Shorters are shrinking !

Buzz:::: I’ve never been frustrated with Parkmead. Cross always gives positive news even in a volatile market where all around companies have went to the wall. Parkmead will prevail and I’m looking forward to attending this years AGM.

Parkmead Group says 2017 has been “an important year of progress” 2017-11-17 08:05:00 “The group moved into gross profit as a result of increased gas production and the cost reduction programme in the UK,” Cross said in a statement oil and gas operations Parkmead reported £1.2mln gross profit for the year Parkmead Group Plc (LON:PMG) executive chairman Tom Cross has described 2017 as “an important year of progress” for the company. “The group moved into gross profit as a result of increased gas production and the cost reduction programme in the UK,” Cross said in a statement. READ: Parkmead takes full ownership of North Sea gas exploration project “This is an outstanding achievement for Parkmead at a time when global oil prices have remained low.” “Parkmead's gas production acts as a natural hedge in the challenging oil price environment.” Parkmead reported £1.2mln gross profit for the year, marking an improvement from a £4.6mln loss in the preceding year. The company highlighted that it ended the twelve months, to June 30, well capitalised with a cash balance of US$34.3mln and it was debt free. Cross added: “We are delighted to have significantly increased production at the Diever West gas field, which increases Parkmead's cash flow. New reservoir modelling indicates that Diever West could be more than double the size originally expected.

Plenty people interested in investing.....Its only a poor opinion from a non share holder which I find very amusing. Cross has spoken and given his views I’m more than happy with opinion.

OIL and gas entrepreneur Tom Cross has said the Parkmead Group he runs is eyeing North Sea acquisitions worth up to $100 million (£76m) and exploration acreage off Shetland. The company is also alert to opportunities in the wider energy sector including renewables. Mr Cross underlined his belief in the potential for Parkmead to generate big returns on its investments in the North Sea where he reckons the company has been making good progress amid the crude price plunge. “We totally believe in the UK North Sea and we are pushing ahead,” said Mr Cross. He joined Parkmead in 2010 following the £1.9bn sale of the Dana Petroleum business he founded to Korea National Oil Corporation. After Parkmead announced its production operation returned to profit in the year to 30 June, Mr Cross said the company was in discussions about a range of acquisition opportunities in the North Sea. It is talking to majors. Deals under consideration range from small bolt-ons to acquisitions in the $50m to $100m bracket. Mr Cross said Parkmead is also preparing to be “very active” in the latest UK licensing round which will close later this month, with a focus on areas it knows well such as West of Shetland. He noted majors such as BP and Shell are investing heavily off Shetland. The enthusiasm for the North Sea partly reflects the conviction Parkmead is particularly well placed to benefit from the shake up in the area triggered by the sharp fall in the crude price since 2014. This has left some firms prepared to sell assets at attractive prices. Parkmead has completed seven acquisitions since Mr Cross took charge. It has no debt. Mr Cross noted that cuts in activity in the North Sea following the crude price fall have led to big changes in the services market that have helped improve the economics of North Sea developments. The cost of some services has fallen by around 45 per cent. Some services companies are prepared to invest in projects alongside oil and gas firms. There is an increased willingness among oil and gas firms to work with each other. Parkmead is talking to leading, internationally renowned service companies about plans to develop the Perth area fields in the Moray Firth. This could involve developing facilities that fields operated by other firms could use. The company said: “Parkmead has received financial proposals for major parts of the development, reducing the capital expenditure needed to bring the project onstream.” Mr Cross expects it will finalise a field development plan next year. Parkmead will maintain a focus on the oil and gas business in the areas it knows best off the UK and in Holland. But Mr Cross said the company is mindful the drive to develop cleaner energy sources is creating demand for renewables. It may make sense to invest in such areas. Parkmead made a gross profit of £1.2m in the year to June, after losing £4.6

Nicklyon It’s Malcolm not Matthew Yes, I’m sure everyone knows about Malcy’s bucket list. The issue there is Malcolm gets no where near Parkmeads building.......Tom ignores his pleas for interviews. Lol lol

Nick Lyon Aye you have to laugh at some of that iii , of course Parkmead will carry on with the Perth development. The oil is there it’s NOT a wild cat well they will be drilling.

Malcy’s full of bull ....Tom is well aware of this, he much prefers to talk to the Glasgow Herald where there is a far greater audience !

Has to be heading North away from the all time lows Tom has always said he is building reserves..... AGM in December will be very positive

Oil scene warming up for next year.....

Wheelyb:::::::You need to laugh at some of the other oil companies first oil, trap oil and Excite to name a few long before s********* at Cross. The glory days at Dana are short lived in the current climate (They Skint ) now that’s what Tom will be laughing at.

You guys need to start thinking like Tom.....He knows the right side of a coin. Parkmead will prevail, cannot wait for the AGM..... I am expecting anything and nothing !

Bitethebull 104 posts Do not get it! Go to the A.G.M. as I hope to do and ask some searching questions. GLA::::::::::::::::,:::::::::::::::::::::::: Lol where you not listening at the last AGM ?

Stocktaker01:::::according to garyn it already has......

Odds on !

Eh?

Tom is still in business, no trap oil any more among others...... Price of oil picking up which will enable Parkmead to work the purse strings.. Oh and the latest on Dana is No Cash !