Member Info for Sonofthebull

Blocks 30/12c, 13c, 17h and 18c are situated in the prolific Central Graben of North Sea. Four play fairways are developed on this acreage providing six prospects. Significant prospectivity has been mapped at Palaeocene Mey Sandstone and Cretaceous Chalk level, with additional prospectivity recognised within the deeper Jurassic Fulmar play. The Palaeocene Mey and Chalk are proven productive reservoirs in the area by fields and discoveries such as Joanne, Judy, Orion and Flyndre.

 The Skerryvore Mey prospect overlies two stacked Chalk prospects (Skerryvore Ekofisk and Skerryvore Tor) which are associated with a Zechstein salt diapir called Skerryvore. The Chalk in these prospects is thought to have been re-worked, which significantly improves permeability over conventional Chalk reservoirs. These three stacked prospects have the potential to contain 157 million barrels of recoverable oil equivalent on a P50 basis. An additional Paleocene Mey prospect (Skerryvore West) and one Chalk prospect (Skerryvore North) are also identified on the blocks. The proposed work programme includes purchasing  and reprocessing 3D seismic, carrying out rock physics work and a contingent well. 

Appraisal well 48/1a-6 was spudded on April 11, 2012, with the Ensco 80 jack up drilling rig. The well reached a total measured depth of 14,175 feet on June 19, 2012, having successfully drilled a 3,100 foot horizontal section within the reservoir. The well, which recorded a test flow rate of 27 MMscf per day on a 96/64” choke, was successfully suspended for use as a future production well on August 7, 2012.

Currently the Joint Venture are planning on a Final Investment Decision for the development of the Platypus Field,

The intention is to use the appraisal well used in 2012 for the gas production !
That's a lot of saving on time and money.

£1:25 by American independance day sounds about right !

Platypus online earliest would be 2023......meantime Drill skerryvore exploration well next year..... GPA gone silent probably due to intense collaboration talks.
Oil heading for $80 dollars in 2021.Next year the economic forcasters are saying $100 a barrel.
Bring it home Tom !

SOTB, 28th May is I think LBE's 18 months 'times up', so I was being hopeful in that direction rather than impatient ;-)
As you know, I've been here a while, fully expect things to play out in the next few weeks/months.
------------------------
Guess we can can rule out LBE ....Robs12 they have done a reverse take over on themselves drilling 7 exploration wells in the Norwegian sector !

Robs12:- you do sound impatient.......When all the boxes have been ticked the GPA news will be announced. As all shareholders are aware it's not all about Parkmead it's collabaration with all parties involved.

Get a life Bob !

Parkmead won't sell

Brent has broke through $70 dollars a barrel......now is the time Tom !

What's going on folks ?

Best not to think.......you are misleading !

At 70 bucks be disappointing if there's not !

Parkmead have announced they are not looking for a replacement for Dana. Is this because they have another company lined up to farm in or are they going in with Cal energy alone ?

Tommy come on tell us the good news !

I have held shares in this company for 11 years. They have gone nowhere.
-------------------
Find that hard to believe as 11 years ago Parkmead didn't have an asset base.so here we are at today's Parkmead portfolio........ Risked £1.62 unrisked £16

PMG on verge of announcing agreement for Perth field
-------------------------
scott240
Agreement with a partner or agreement with the Scott platform for the Perth field ?

Oil and gas authority has stated that the UK will have to import 200 thousand barrels of oil day by 2050 due to the North sea managing only 300 thousand as the basin depletes.
As we have been informed by Parkmead 1 billion barrels of oil can be exported to the mainland through GPA .

Parkmead going up in a daily increase this has to be seen as a positive. Clearly investors are warming to the fact that the unrisked value is £1.62 .......So why are we 50p

Luckcounts
Why waste your breath.....you are stating your thoughts are pie in the sky !
1 billion barrels will be going through GPA that's a fact !