Member Info for Sonofthebull

STV news painted a poor picture tonight

1000 jobs a month to be lost due to the budget.

Where's the bounce in that ?

Buzz

All the minnow oil companies have crashed after the Budget.

Parkmead hasn't because they are not relying on the North Sea and it's brutal tax regime to go forward.

So if and when Skerryvore and Fynn do come through currently Tom goes over seas !

Once bitten twice shy !

He started Dana outside the UK........

Look at Jog and Orca......

Norway drilling 250 new wells between now and 2030.

Budget not effecting the Share price......Tom's going overseas for his oil and gas licenses.

Gas Field.......Devils lighter !

Libya sands oil and gas.....needs investment.

Opening up there licenses.

Is Parkmead not an oil and gas and renewable company.

Https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://libyareview.com/58299/libya-set-for-oil-gas-boom-as-global-energy-giants-return/&ved=2ahUKEwjykMCjsI-RAxUVW0EAHe4CG_QQFnoECD4QAQ&usg=AOvVaw2wUggLmQ7UmE99CzD_D_mO

Https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.libyaoilgasrenewablefair.com/&ved=2ahUKEwjm383cnI-RAxVuW0EAHSAnIBAQFnoECCYQAQ&usg=AOvVaw37uook91a7jDZdh-URO9wb

Https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://libyasummit.com/&ved=2ahUKEwjm383cnI-RAxVuW0EAHSAnIBAQFnoECA4QAQ&usg=AOvVaw0YKcHgrXW33HZIItYVoz8I

Yeah little more patience......Libya also releasing some licences.

We won't get any clues on what's going on untill the RNS comes out.

Be it Europe or North Africa !

Buzz

The director Doug Sedge they have taken onboard has been around the oil industry for a long time.

He worked for Weatherford and they are still afloat having went through chapter 19 scenarios lately. Albeit he had left long before that.

I'm thinking it must be more work in Holland.

Cross doesn't have the cash to splash like he did when he had his war chest !

Not forgetting next February's £3 million instalment !

“This licence extension our operator the time and space to design a low-emissions development scheme that can thrive in the post-EPL fiscal regime that has been proposed and consulted on by Treasury, which everyone in the industry is awaiting with bated breath and which is the fiscal regime that matters for Orcadian’s projects.”

Nav_Mike

If they don't alter the EPL it it's game over for the North Sea.

Sheephatch

The only bit of credence I have is that prior to the Adura partnership Equinor said they were going to remove every last drop of oil from the North Sea.

Fynn is one big elephant !

Serica have the tax losses when they took over Parkmeads North Sea assets.

So there's no tax offset due to Parkmead .

Shell don't exist in the North Sea there's an Equinor partnership called Adura which jointly combines there North Sea assets.

PMG get 90 million from Serica....Where's the link ?

Are you implying that PMG are trying to do a deal

Or refering that a deal similar to them with Serica is taking place ?

Eh? Was 40pence when first listed !

So there's plenty spare.....