Parkmead Share Discussion Threads

[scarboro] 27/1/2024 16:14

excellent work robs12 and thank you

[robs12] 27/1/2024 14:59

November's production rates now published. Very good indeed.

The bad:

- Brakel is still shut in and not producing - since March. Is it a gonna?

- Diever is shut in and produced nothing.

The good:

- Geesbrug is bubbling away.

- Grolloo is back up again to levels of a few months ago.

- LDS produced more than 4 times previous month's figures (>24m Sm3), and plenty of condensate (>1,300 Sm3)

The previous six months' average production net to PMG was 236 boepd. November's figure was 445 boepd - the highest it's been since December 2020, and that's with Diever shut in (hopefully that's only temporary). If Diever was producing at the same rate as in October then it would be up near 600 boepd - in line with 2019 levels.

Nice. GLA!

Production graphs if anyone interested:

[robs12] 12/1/2024 22:13

Just a C&P from the other place:

PMG don't produce any oil, and if they ever do get around to drilling Skerryvore it will be several years before it is producing.

None of their multiple oil 'assets' that they have acquired since they were formed have ever come to fruition, so nobody in their right mind is likely to attribute any significant value to the few licences they still have an interest in.

The gas price might be up a little, but their production figures are lower than last year. The new LDS well now has two months production reported and it's not looking inspiring - 5000Sm3 produced in September and October.

Net production to PMG is 275 boepd (October latest figures, November's figures should be out in a couple of weeks) - lower than a year ago, even with the new LDS well now producing. No wonder they haven't announced it...

Production graphs here if anyone interested:

[ianjan] 03/1/2024 10:01

had a small top up today holding off a larger top up in case we touch 18p moving average support but really like the spread of oil gas and renewables with this company

[sonofthebull] 29/12/2023 08:35

We don't. need an echo you plum

[1senn] 28/12/2023 17:44

Primed for the next leg up chart looks good for 28p. Imho

[chutes01] 28/12/2023 12:32

Ready for next leg up

[sonofthebull] 28/12/2023 12:15

6 months out of date

[ashkv] 28/12/2023 12:04

Group statement of financial position

as at 30 June 2023

Net assets 2023 GBP 14,660 Million 2022 GBP 56,994 Million

17 Nov 2023 07:00

RNS Number : 7592T
Parkmead Group (The) PLC

Preliminary Results for the year ended 30 June 2023

[sonofthebull] 28/12/2023 11:20

One of many Aliases get a life....1senn

[1senn] 28/12/2023 11:07

Yeah near 4mill pre tax lol
So undervalued recon the tax will get the axe in the Budget also

I suggest you go and eat your left over Turkey sanies as you eat alone over Xmas clearly x

[sonofthebull] 28/12/2023 11:05

Valued at £40million your arithmetic is way off base.....ashkv

[ashkv] 28/12/2023 11:00

Move on small volumes... Take profits :) You have been informed :)

At 21p PMG Market Cap is GBP 23 million whereas per FY 2023 Preliminary Results PMG Net assets GBP 14.660 million

Ridiculous valuation for a few hundred barrels of Gas production with Windfall Taxes yet to to be paid....

Only other tangible asset is a drill ready prospect... which is unfunded...

[parob] 28/12/2023 09:44

Here's the move. Could get interesting from here :)

[sonofthebull] 28/12/2023 09:23

Nasty man doesn't deserve to hold shares in Parkmead.....Dummy for ashkv

[chutes01] 27/12/2023 16:32

breakout ! to 28p

[parob] 27/12/2023 16:31

Well there's the close above 17.5p. I think we see some solid gains here over the coming weeks now.

[sonofthebull] 22/12/2023 09:49

33rd licenses will move it.Skerryvore rig announcement will move it.133 million of tax rebate will move it when Tom sees fit to use it on.

[parob] 22/12/2023 09:36

I'm in. I think a close above the recent high, say 17.5p and we are in for a decent move

[scarboro] 21/12/2023 19:03

£12k for a £16mn business 😳 my bad £40k trades rather than 40k shares

[sonofthebull] 21/12/2023 18:38

Two 40k buys. Did someone attend the AGM and receive good vibes.

[parob] 21/12/2023 18:27

Some large buy orders now appeared after hours, hence tick up earlier

[sonofthebull] 21/12/2023 16:48

Has it been purchased or has something been flagged

[chutes01] 21/12/2023 16:40

when are they announcing the dumfries windfarm they acquired in May, directors cross/smith, or is this a private deal
chart pointing up, but this has been a substantial mess