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||Market Cap (m)
|Oil & Gas Producers
Parkmead Share Discussion Threads
Showing 10051 to 10074 of 10075 messages
|Tom needs to get his finger out. Lets see some action!|
|Good article rogerlin that confirms TC's continued commitment to the PERTH hub development.
"Mr Cross said the Athena shut-in would continue while Parkmead looks at ways of incorporating the field into its Perth area cluster, one of the largest undeveloped oil projects in the North Sea.
He said Parkmead was “right in the middle of engineering talks” to bring the various fields that make up the area together."
The important question is ; how will the project be financed?
XEL had a gigantic better quality field and failed to get a farmin. They the tried to go it alone and crashed.
Hope TC is not spending too much on his dream.
Gas is the way to go , imo.
Evidence of the continuing fall in NS investment here;
|I respect copyright law closely. The law does allow short extracts for the purposes of critical review;
I will post the relevant share price prediction extract here;
"WH Ireland rates Parkmead as a ‘buy’ with a 196p price target that suggests nearly 240% upside to the current price of 58p per share."
My criticism is broad. I believe the price predicted is bordering on the ridiculous.
My other thoughts are that TC has not smelt the coffee yet regarding PERTH and NS heavy oil prospects. The majors are stepping away and to try and go it alone with PERTH is, imo, not reasonable. XEL tried that with a better quality and larger asset and crashed.
I had no trouble opening the link. Copy and paste to your window and then ensure you delete the gap between the words 'proactive' and 'investors'. ADVFN would not allow any of the whole, properly formatted link; they remove automatically.|
could you post the article.
|Cyan, what was the share price prediction in the article you posted?My browser wouldn't let me access.|
|Hi ziblot. I thought you might have missed me lol. I will try not to make a habit of commenting. TC may go on talking PERTH up but the reality has set in regarding new heavy oil prospects in the NS; As A certain Mr ALI once said; he's got two chances, slim and none.|
|I see you're back cyan;|
|Here is an article that is very optimistic;
(I had to put a space between 'proactive' and 'investor' as the link was removed otherwise. close this gap to make a workable link)
The plus side for PMG is clearly the gas. The big players have been focussing on gas for a while. BP has more gas assets than oil now.
The article has , imo, a very fanciful share price prediction.
I think TC is either in denial or just trying to offer hope when he still speaks positively about a heavy oil development. XEL's fixation sank them.
Imo, if POO recovers a lot and the majors become interested in heavy oil again; I think Perth will be bottom of the potential field development list.
There are bigger, better quality heavy oil fields out there.
Imo PMG should concentrate on gas for the foreseeable future.|
|One has to wonder if any more North sea heavy oil fields will be developed. Poor old XEL with its BENTLEY heavy oil field has collapsed. They had been depending on Statoil to farmin. Statoil had been hoping to develop the nearby BRESSAY heavy oil field with SHELL. Shell walked away and recently Statoil cancelled the Bressay rig.
The significance for PMG is clear. BRESSAY & BENTLEY are a better quality heavy oil than in PERTH.
PERTH has the additional headache of being particularly sour. It can be of little surprise that PERTH has been given zero value. I was always sceptical because the field has been known about since the 70's and gone through several hands without development. NS heavy oil is not what anyone wants to play with any-more .|
|I wished. Gas production of Diever 2 is 435 boepd to PMG (7.5% of production). Together with the other Netherlands on shore gas brings it up to 950 - 1000 per.day.Net profit after op.exps. depending on down time is $5M to $6M per. year although as the finals say the gas is sold in eurose so as it stands this will benefit the bottom line. No earth shaker but to operate in profit at the moment is no mean feat. Hold and forget for a few more years.|
|Gas production is 5800 bopd equivalent.
Current gross profit is circa £30 per barrel equivalent, so £174k gross profit per day !
If we conservatively times this by 300 days production then that's an annual gross profit of over £52m !!|
|I would say that with the gas production alone, the Market Cap may rise above £100m.|
those are very good points.
The development of the north sea assets is definitely one for a future date and a higher oil price.
The current gas production and it's positive cash flow should , in it's self, result in a good increase in the current market cap.
At the last fund raising all of the directors took up their maximum allocation of shares at a price of £1.21.
They obviously see the future growth. The low oil price of the past 18 months has changed perception but that must change one day.|
|Operating loss of £5.8 million, cash fallen from £41 million to £28 million, major asset (Perth/Dolphin etc.) written down to zero by one of its partners (Faroe).
I can't see anything other than a slow decline in the value of the equity here.
Can anyone tell me:
(1) How the company will stem its cash losses?
(2) How Perth/Dophin can be developed and operated profitably at $50 oil?
(3) Where Parkmead will get the funds (£500 million?) to develop Perth/Dolphin?|
|Lovely jubbly!One for the 'patience' file.|
|great take away,not much of this about at moment
-- Strong total asset base of GBP87.5 million at 30 June 2016
-- Parkmead maintains strict financial discipline
-- Well capitalised, with cash balances of US$37.9 million (GBP28.3 million) as at 30 June 2016
-- Parkmead remains debt free
-- Since January 2016, Parkmead has been cash flow positive on an operating basis|
|Market loves it.|
|Positive cash flow, low cost gas production, great north sea asset base, no debt, £28m cash at bank, outstanding production from Netherlands gas .... very well positioned for huge growth over the next decade.|
|Glad I stuck to it here.
Tom Cross defo on form.|
|Outstanding low cost production from the Netherlands.|
|Aye, plenty of opportunities. I hold Pmo and have complete faith in the quality of there assets (north sea). I do know someone there and no concerns exist about the future of the company, tho' I wouldn't mind if Ophir had another go. Sure Thomas is fully aware of Dongs intentions.|
Dong definitely seem to be pulling out of oil and gas. This seems to be their main UK producing interest.|
|There are some real opportunities: companies that got into the North Sea because they thought it was a cash machine - Eon, OMV, Dong etc. Companies that borrowed because they believed the GS BS about oil going to $200/barrel - Premier, Enquest etc.
Lots of chickens coming home to roost!
Plenty of tasty morsels around or even whole dining experiences!|