Parkmead Share Discussion Threads

[robs12] 22/7/2019 13:28

31st supplementary round announcement on the OGA site now.

Nothing for PMG though:

hxxps://www.energyvoice.com/oilandgas/north-sea/204105/oga-hands-out-awards-for-greater-buchan-area-licensing-round/

[fhmktg] 22/7/2019 11:07

All quiet now for the school hols.....with Brexit and global oil issues and tensions with China, I'm not holding my breath for news on Scott tie-up.Could be results in November before we hear anything.....if we're lucky!

[fardels bear] 21/7/2019 20:05

Oh aye, it's coming alright. It'll be huge.

[robs12] 21/7/2019 19:39

hxxps://oilprice.com/Energy/Crude-Oil/Whats-Behind-The-North-Sea-Spending-Spree.html

It's coming..

[robs12] 19/7/2019 16:42

Just posted this in the other place so to maybe counter some of the Tom bashing here ...


By my sums he's invested a total of approx £10.8m in the company since he first invested. Has picked up shares as a result of the sale of Aupec, in placings, loan conversion and SAPs.
With his 18.8m shares currently, that's an 'average buy price' of 71p/share.

Ryan Stroulger, the FD, has invested a smidgen under £250K, at an average of £1.56/share...

So they certainly have a vested interest in making this fly...!

They both have plenty of options too, so they'll be right when it happens.

[mallorca 9] 19/7/2019 12:05

£1 by Christmas.

[tongostl] 18/7/2019 21:24

At 30p il go "all in"

[francoismyname] 18/7/2019 16:35

im a buyer at 30p

not you tubby

[mallorca 9] 18/7/2019 15:34

Just look at that chart since last May (2018).

Cheers Tom - thanks for the great Investor Relations.

[francoismyname] 18/7/2019 12:16

She cannot take the strain Captain......

Run for the lifeboats

Not you tubby , you would sink them

[fardels bear] 18/7/2019 11:06

May I remind you of the twaddle you used to spout on the old GKP thread?

[fardels bear] 18/7/2019 09:56

Mally, sometimes I do wonder at you. Ramping one minute and doom and gloom the next. Surely you know that the gas from the Dutch fields is sold on a contract with prices negotiated long ahead. Spot price is irrelevant here. It's been discussed on here at length. Or perhaps you're playing the 50p game as well?

[mallorca 9] 18/7/2019 09:46

below 50p now on the bid.

Good old Tom - couldn't care less about the share price and shareholders.

How hard would it be for him to give a quarterly operational update !

[mallorca 9] 18/7/2019 09:39

Looking at the long term chart I'd say that it could fall further than that with support at 40p.

It's only revenue is Nat Gas.
Nat gas prices have tanked.

The November financials (revenue) will be down on the previous 6 months.

Seem's nothing else happening until 2021.

[francoismyname] 18/7/2019 09:06

I Agree 45p is coming !!!!!!

Not you tubby

[robs12] 18/7/2019 08:33

Good spot Roger!

It's coming...

[rogerlin] 18/7/2019 08:00

Maximize value from our current asset portfolio, by securing excess production capacity with FPSO operator on Catcher field, commissioning of pipeline replacement project in the Scolty & Crathes area, and continuing to reduce the operating cost whilst pursuing value adding opportunities in and around the Scott area.

MOL Group's website actually mentions Scott.

[rogerlin] 16/7/2019 20:58

Tournesol thanks for that explanation.

The Scott ownership is rather fragmented. From CNOOC's website I get CNOOC 41.89, Dana 20.64, Edison 10.47, Total 5.16, MOL 21.84

So if CNOOC, Dana and MOL wanted to proceed, the other stakes would be obliged to go along, even if they were changing hands?

Tying Perth in to Scott sounds a great idea, but the discussions seem to be taking a very long time.

[tournesol] 16/7/2019 19:58

Roger

Assets which are owned by groups of stakeholders are run on a collective basis by joint ventures which operate on a democratic basis - where votes are proportional to size of holding. So a 10% stakeholder gets 10% of the vote in any decision.

None of which means that one stakeholder can intervene in the disposal of another's stake. So one JV partner can sell its share of the asset to anybody it likes.

It might require regulatory approval - so a sale to a foreign entity could be blocked if it were deemed to be against the national interest.

In some JV's there are pre-emption rights which mean that existing JV partners can insist on assets being sold to them in preference to an outsider. Such pre-emption has happened a few times - for example when the majority of the M'Boundi field was sold, Burren - a junior partner with a small stake - used the pre-emption clause to buy a slice of the stake being disposed of. That was the deal of the decade because the price was agreed before a major exploration well came in with much better results than the top end of the pre-drill estimates, meaning Bur paid peanuts and acquired a slice of a major discovery.

[francoismyname] 16/7/2019 10:43

40,000 sold at 51.3p

People running for the door

This could get messy very quickly.

Hope Tom enjoyed himself at the cricket world cup.

Not you tubby