Parkmead Share Discussion Threads

[busterposh2] 12/6/2019 21:51

Look on the ice exchange you can see forwardWhich ever way you look at it PMG is the wrong price,

[tournesol] 12/6/2019 21:41

Buster

That does not look to me to be the price received by the E&P co. It looks to be the wholesale spot price paid by gas distribution companies.

What price is typically achieved for sales by E&P companies under long term contracts?

Or more to the point, what is the long term expectation for the above?

[busterposh2] 12/6/2019 21:28

https://www.ofgem.gov.uk/data-portal/gas-prices-day-ahead-contracts-monthly-average-gb

[tournesol] 12/6/2019 21:18

buster

where do you get the 50p/therm from please?

T

[busterposh2] 12/6/2019 21:17

My point being PMG has an EV of £28m (ex cash) and is sitting on a potential share of a field 4.8x £135m that's so is incredibly good value, plus £30m cash and an annualised profit of c£4mGPA is potentially a lot bigger

[busterposh2] 12/6/2019 21:11

Hi SkyI think my post was correct as belowPlatypus 180bln cubic feet of gas PMG have 15% interest, based on 50p per Therm that?s £900,000,000 of gas in total 15% interest £135,000,000 market cap ex cash c£30mYou may have not counted the zeros...http://www.kylesconverter.com/energy,-work,-and-heat/cubic-feet-of-natural-gas-to-therms-(uk)180,000,000,000 bln cubic ft is 1,800,000,000 therms (UK) x 50p per therm is £900,000,000 £900m total value for the field 15% of £900m is £135m to PMG as I have stated

[skyship] 12/6/2019 13:12

buster - you post with a seeming knowledge whereof you speak; but you speak in riddles, actually quite likely you are speaking falsehoods!!!

Now, I may be wrong; and if so I apologise...BUT:

There are 100cu ft of gas to 1 Therm

So there are a potential 1.8bn Therms x 50p = £900m

That is not the same as £900,000!!!!!!!!!! Not by a long chalk.

The difference of 1000x suggest you were perhaps confusing BTUs and Therms?

Can you elucidate please.

[tournesol] 12/6/2019 10:57

Selling gas is very different from selling oil.

Gas is generally sold on long term contracts at prices which are agreed at the outset and which are not linked to the spot price of oil. What price you can negotiate depends very much on the local circumstances - how much of local demand is already satisfied by long term supply contracts? how much additional capacity is currently available but which is currently going unused because availability > demand.

I am not au fait with the market for N Sea gas but there are many places in the world where gas has little or no value because demand is already being satisfied. I'd be careful about valuing gas in the ground ahead of a sales contract being agreed.

[busterposh2] 12/6/2019 07:26

https://www.ofgem.gov.uk/data-portal/all-charts/policy-area/gas-wholesale-markets

[tournesol] 11/6/2019 22:23

Buster

what is the average price at which gas is sold?

[busterposh2] 11/6/2019 21:01

That's gross value they typically are discounted back over the expected life of the asset and the cost of capital, but the life of these assets runs and runs, fore example fields that were expected to have a 10yr life are running some 40yrs later, so is a moving target.All I believe is that cash doesn't lie, PMG looks set to annualised c £4m plus profits on the basis of the last update strip out cash and the current business looks good value.You get platypus and GPA in the mix and the ic article "stating this could double" will be a slight understatement.

[busterposh2] 11/6/2019 20:58

That's gross value they typically are discounted back over the expected life of the asset and the cost of capital, but the life of these assets runs and runs, fore example fields that were expected to have a 10yr life are running some 40yrs later, so is a moving target.

[tournesol] 11/6/2019 19:53

Buster

so is that how assets are typically valued in the O&G business do you think?

T

[chutes01] 11/6/2019 17:28

Perth is also a huge oil field in known territory, near to piper/claymore sands.
Also Skerryvore, extremely valuable.

[busterposh2] 11/6/2019 17:23

Platypus 180bln cubic feet of gas PMG have 15% interest, based on 50p per Therm that's £900,000,000 of gas in total 15% interest £135,000,000 market cap ex cash c£30m

[fhmktg] 11/6/2019 14:48

Thanks busterposh..... news soon then!

[busterposh2] 11/6/2019 13:28

Shell out for the report from 1st JAN from Wood MAC and read the report summary..https://www.woodmac.com/reports/upstream-oil-and-gas-platypus-24580653

[fhmktg] 11/6/2019 08:25

Platypus offtake route. Decision was slated for q2, with fid by year end......news coming soon hopefully.The commercial discussions on Scott offtake for GPA are taking their time.I was counting on both coming to commitment this year to break out of the current trading range.Come on Tom!

[lukmanpatel] 10/6/2019 06:59

Another troll by the username lsehotdealz haha, share price is stagnant and there’s talks of fundraise at 10p on that board lol desperation has lead to going round posting on different board to prevent share price from dropping, usually ud stay quiet and average down and accumulate if you see huge potential lmaoo he’s spamming all the boards and a newly registered today as a member lol

[fardels bear] 07/6/2019 21:28

Rather a me mingle post there, chutes.. Wotcha trying to say?

[chutes01] 07/6/2019 18:45

50k plus more interest
Be careful