Member Info for Swimmer2026

Well said Mansardman. Trouble is if we elected an ordinary person the media would soon accuse them of smoking, drinking and having sex.

Bought more Enquest yesterday and today. While we wait for news and a better valuation I'm enjoying reading about the various pipe lines around Sullom Voe (and social aspect). Engineering on this level seems much more interesting than Computers but that's what we got told was the future at School; and so that's the channel I got sucked down into, unfortunately. OK yes the IP networking/routing and firewalls and fibre optics were interesting but mostly sat around in offices waiting for something to break or home time led to boredom and then office politics which I gave up on. I'm sure some Enquest holders might have direct hands on experience of oil rigs and pipe lines. Would love to hear any relevant stories from the veterans out there? and also what is your view on shift to renewables. I read somewhere that old turbines are piling up in some vast scrapyards because they are difficult to recycle? Off topic I'd also like to know how many people are buying longer dated Government Bonds/Gilts since the Trus-Kwarteng bash? I've started putting some in my SIPP just to watch. Sorry for jumping around subjects, I admit I'm missing the 'readers digest' of Ron's dialogue... (maybe he's on Holiday)

Https://youtu.be/rphO_W3AwQk

What date was the GPA offer of £150m made please and by who, thanks

Reading Interim Results from 31st March 2023 it says the "Average gross production for the period across the Group's Netherlands assets was 18.0 MMscfd, approximately 3,205 barrels of oil equivalent per day (boepd)"

So help me out with the calculations here please Ladies; The current wholesale natural gas price is about $2.5 per MMBtu and Parkmead are running at 18MMscfd = 18720 MMBtu per day.

18720 x 2.5 = $46,800 per day

46,800 x 365 = $17 million dollars per year gross coming in (subject to tax) from the Netherlands operations.

Parkmeads Market Capitalisation currently stands at about £20M.

Mr H, I'm no expert but yes that seems good way to understand what the tax loss is 'really worth', maybe the other part of the buyout/merger would want their slice of the £60M. Do Parkmead have to use this tax loss within 4 years?

Changing subject a little; I just tried a dummy sell and strangely got offered a higher price to sell bigger chunks than smaller amounts. I guess that means someone is still accumulating... or could be just halifax choosing to use LSE for the small sell versus AQSE for the bigger sell.

I believe level2 subscription only shows LSE book so it's a bit pointless paying £35 a month to view LSE when the main event is happening over on AQSE? We are just minions at the bottom of the pile, you got to be in the top tier club to know the real truth.

Skerryvore is 3 times larger than Perth about the same size as Kraken.

Daily fibonacci about 46p and the weekly is about 43p, so technically good upside. Not sure if Perth area can be reconsidered. Not sure how much Skerryvore adds with 40% of 150 million barrels is it about £4 billion pound total recoverable…

A £17k buy at 16:28 this afternoon, 125,000 shares.. natural gas prices holding up.

HELLO

In my opinion, Parkmead seems undervalued with £16m market capitalisation and a profit last year of £4m. Just needs some good news to get this moving. Tempted to buy more in these situations. Doubling the market cap still wouldn't make the company overvalued. Where is the love?

Is anybody else taking note of the steady gentle buying for Parkmead shares? Feels like the best kept secret. I've watched a lot of daily trade price movement over the last 20 years and this seems encouraging.

Mr, Mr, Mr, Mr c&d.

Decommissioning costs are £1M and those costs were factored in to the final accounts. The £33M write down is an accounting term to remove a chunk of assumed asset value that no longer exists. I think they were giving the assets a value of something like £80M so minus 30 is 50. Gas prices are rising again ready for the air-conditioning pull. There really is room for this to move up despite the obvious negative points. Tom having that big slice of the pie along with the contrarian Stonehage Fleming means the game is not over yet. Open to all opinions...

With £20M in the bank this should be 18 pence per share. Interim cash generated to Dec 22 was nearly £9m but that was with gas prices 5x higher so lets say this year Parkmead only bring in between £2M to £4M (full year) cash that would be OK. Would you buy an asset for £16M that returned about 18% per year on your capital? Sure the market could price this a little higher that 15 pence? I'd say 22 pence might be fair. Maybe vermilion energy just step in.

Natural gas prices are rising up steadily ready for the air conditioning power suck that renewables can't meet yet. I would like to see Enquest do what Parkmead have done and do a mix of fossil fuel and renewables that way they would be able to say to either government look the EPL is ridiculous because we naturally invest profits from fossils into renewables every year, thus achieving the goal that you governments will never be able to do unless under a dictatorship which we are not far off. Anyway the trade book looks spot on here. Yes the loan to Tom and wife looks a bit shady and yes buying a farm that was in wife's name seems unprofessional but maybe their is some sort of genuine desire to run the company properly rather than into the ground.

Volume up. AQSE (Aquis Exchange) also handling a large trade today of £35k too..

Someone has been willing to take fair amounts of stock at 14p, a re-rate to 18p or even 20p looks possible on positive news.

NAV was £55m minus the write down £33m leaves £22m divided by shares in issue 109m equals 20 pence per share? sp today is 14 pence. What to do?

Mitoe, all engineers bring systems online slowly or in stages to monitor performance, safety or loading. Don’t they?

GL

Good news thank you Himmats

Zippy / Ron, heat pumps discussed on You and yours today on radio 4, 12 oclock, a heating engineer of 36 years (steve smith) basically said the £5k grants for heat pumps are a waste of tax payers money! he also said gas boilers are here to stay and the natural gas pipes will flow with hydrogen one day, he did rate solar (32mins).. https://www.bbc.co.uk/sounds/play/m001mbxd

Just some extra reality for the just stop oil loonies