Member Info for Sonofthebull

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.

The innovative royalty deal which we completed last summer is proving to be highly advantageous and is adding considerable value,” he said. “Parkmead is 100% unhedged and is benefitting from these additional gas sales at higher prices.”

He added that the group is continuing to evaluate further acquisitions that would enhance the existing business.

“We have excellent UK and Netherlands regional expertise, strong financial discipline, and a growing portfolio of high-quality assets,” Mr Cross said. “The group will continue to build upon the inherent value in its existing interests with a balanced, acquisition-led growth strategy to secure opportunities that maximise future value for our shareholders.”

Roadster66
Santa always delivers !

Where does it state Skerryvore 2024....It does state two gas drills back to back imminently. It also states there is interest in GPA......Platypus didn't get a mention as we wait for confirmation shortly of who gets the license.
You only show up on the board when the share is dropping
never when the share is on the ascent !

Could well be the lease of the rig for decommissioning would overlap onto Skerryvore appraisal well.

Tim Coxe
Managing Director, North Sea
Tim is an engineer with over thirty years’ experience across the upstream and manufacturing industries in a range of technical and senior management positions. He has worked in a range of Consultancies, Construction Contractors and E&P’s in all areas of the upstream lifecycle, from heading up early stage development portfolios, through to decommissioning projects in North West Europe, Africa, North America and Asia. He has also previously consulted to Private Equity and Investment Banks providing due diligence expertise on upstream deals. Tim re-joined Parkmead Group in late 2019 and is accountable for the company’s HSE, Subsurface, Drilling, Production Operations and Development Project functions.

Aye both dates on a Friday ?

Just one mention in Parkmeads preliminary results of an oil major showing interest in GPA will put this share price through the roof !

Roadster66
Sorry couldn't concentrate for laughing

Bobert
I can't stop laughing........Activisit soooooooo funny. what group are you involved with Is it Just Oil ?

Funny no one's selling.......£1+ Christmas

£1+ Christmas.........Budget news gonna transform Parkmead !

They know there are pay zones where the drills will be directed........

How long to assembly a land rigs once on location ?

Roadster66
Are you still restless ?

Scott240
Let's make it clear I am one.......You are playing
the fool out of a team of Cuckoo's.

Jersey oil and gas may give a clue !