Parkmead Share Discussion Threads

[ziblot] 09/5/2019 12:38

fhmktg.
It’s my last big gamble before I retire to income generation and I’m loving the ride.

SNAP and good luck.

[fardels bear] 09/5/2019 12:36

Volume is looking good, flower.. You must admit.

[fhmktg] 09/5/2019 11:51

Bear, I'm just saying that an announcement on Platypus or GPA could take us to £1.50.... given actual production in 2021/2 then who knows where we might get to, maybe that 20 notes you mentioned. That would make me a happy bear!

[tournesol] 09/5/2019 11:30

tongosti

your comment seems to relate to a different stock than PMG.

where is the "relentless buying?"

where is the upwards trend that will take the share price to 100p?

Look at the chart.

Try to see what is actually there, rather than what you would like to be there.

[tongostl] 09/5/2019 10:55

Relentless buying going on. £1 soon, then constructive news on GPA and hello £2.

[cf456] 09/5/2019 10:50

"Parkmead is well positioned for the future. We have excellent UK and Netherlands regional expertise, significant cash resources, and a growing portfolio of high-quality assets. The Group will continue to build upon the inherent value in its existing interests with a balanced, acquisition-led growth strategy, securing opportunities that maximise long-term value for our shareholders."

[cf456] 09/5/2019 10:47

ST exceptionally bullish on PMG in his column last month:

"I am not one for hyperbole, but the half-year results from Parkmead...blew me away."

"I believe that they could double – or even treble in value – if the company commercialises either the Platypus or GPA project. The downside risk looks limited given cash backs up more than half Parkmead’s market capitalisation, and the profitable Dutch gas operations means that the company actually generates positive cash flow. Strong buy."



--

Current pullback offering an opportunity to buy in on the cheap.

[fardels bear] 08/5/2019 23:18

1.50? Is that all? DANA went for twenty notes a pop,didn't it?

[fhmktg] 08/5/2019 23:12

Roll on that happy day....2021 for first oil?Announcements should take this into the £1.50 range.

[tournesol] 08/5/2019 19:59

FHM

I'm somewhere close to your strategy. My two big bets are HUR and PMG. Everything else is boring stuff. When HUR/PMG start to move I'll probably average up and go bigger. But when their golden eggs are finally hatched I expect to switch to Investment Trusts and have no work to do.

T

[fhmktg] 08/5/2019 14:05

TC is in 'commercial discussion' with Chinese. Always a tough proposition.He was to say the least annoyed at the cheap price Dana went for.FID is towards the end of this year, so patience for a little longer.When GPA and Platypus both come to fruition it's going to be major.It's my last big gamble before I retire to income generation and I'm loving the ride.

[fanshaw] 08/5/2019 12:29

chutes01

With reference to your post I would suggest TC has to come to some agreement

with a larger company or they will not developed and licences expire it's all

right playing hardball but there comes a time when you have to be realistic.

[fhmktg] 08/5/2019 11:53

Thanks, see Aupec in the annual report.

[tournesol] 08/5/2019 10:49

Performance benchmarking & economics is a small arm of the business which was started by TC back in the early Dana days as his own personal sideline. It does economic analysis and advice relating to oil and gas - its customers are industry players and government bodies. When TC came into PMG he brought that business with him and rolled it into PMG.

It's very much a small sideline.

It's got nothing at all to do with seismic interpretation.

[fhmktg] 08/5/2019 09:32

The 'new opportunities' is the area where Mr and Mrs C borrowed £1 million from the company to investigate potential areas of new business....we await developments!

[fhmktg] 08/5/2019 09:30

I think it is selling their expertise in 3D seismic and it's interpretation to external partners.

[rogerlin] 08/5/2019 08:56

Parkmead benefits from increasing balance within the Group, with four complementary areas of the business: Netherlands Gas, UK Oil and Gas, Performance Benchmarking and Economics, and Future Opportunities.

What is "Performance Benchmarking and Economics"?

[fhmktg] 03/5/2019 23:09

While I breathe, I hope!

[chutes01] 03/5/2019 20:25

Tom Cross is up to something, I'm just not sure where it is.
He recently stuck 2 fingers up to the big boys excessive tarriff demands as he has done so in the past - It's my oil and its not going cheap.

The dutch gas is paying the wages and admin.
He will show his hand soon, see what it does for the share price.

[robs12] 03/5/2019 19:10

rogerlin, thanks for that knoc link.

Not that Tom will be able to buy Dana back (or...? ;-)), but shows that there are a lot of deals on the table at the moment.

TC did state "But Parkmead will not compete against private-equity-backed newcomers for larger packages of North Sea assets".
Maybe some smaller packages?

[fardels bear] 03/5/2019 18:57

Linky no worky..

[rogerlin] 03/5/2019 18:44

Here is the original, 2014 as you say robs12, it was disappointing it wasn't drilled then and I wondered why they had lost interest in it.

[robs12] 03/5/2019 16:48

They had to give the Skerryvore licence up in 2016 - the OGA would not extend the initial term (and I guess it had a drill or drop on it?).
But they got it back (30%) in the 30th round.

Edit to add, rogerlin's quote is from Sept 2014, and they now state a higher potential:

"Two of the new awards cover the highly prospective Skerryvore area and contain seven new prospects, three of which are stacked. These three stacked prospects have the potential to contain 157 million barrels of recoverable oil equivalent on a P50 basis."

[tournesol] 03/5/2019 16:18

Rogerlinwhat is the source and date for the material you posted please ?