Parkmead Share Discussion Threads

[scarboro] 15/2/2024 15:05

British electricity mix at 9am on 1st Sep 2023

🏭Gas 52.3% Biomass 4.5% Coal 0.1%
🍃Wind 6.4% Solar 6.2% Hydro 1.2%
⚛️Nuclear 17.3%
➡️Imports 11.2% Other 0.5%
🪫Storage 0.2%

Oil has many uses but when you look at the data above it would seem sensible to me to seek gas not oil. more especially as the other main source of energy other than electricity is.....gas

[therealdeal25] 15/2/2024 14:16

SOB like Perth did? 🤷‍a94;️ just saying, I was right about Perth, and I guess this will follow the same suit more heavy oil,

See Dana ? Tom’s old company has just jumped on Board with Deltic, they don’t seemed to be interested in PMG

[sonofthebull] 07/2/2024 09:06

Skerryvore and Gamma east will come through.. Black Gold !

[therealdeal25] 07/2/2024 08:56

Did I mention the largest Gas discovery in a decade? 😂👌

[sonofthebull] 07/2/2024 08:48

Didn't Deltic consolidate there shares ?

[therealdeal25] 07/2/2024 08:34

Should have bought Deltic like I said, Dana Petroleum now aboard, wonder how old Tom Cross feels today? 🤣🤣😂😂7866;👍

[scarboro] 06/2/2024 14:48

sonofthebull - i dont disagree that he should do whats best for the owners of PMG. TC is the biggest owner but 70% is owned by others - shareholders are getting a poor deal lending capital out to TC at 2.5% - related party loans make no sense as it creates a big negative for capital to invest and back the growth of the business. the large salary makes no sense. PMG and TC are still breathing - agree and he has had to deal with the worst of circumstances in the underlying market - but there are some easy management wins to increase the status of the business in the stock market - ultimately TC wants to cash out and may need the stock market at some point as a source of capital and exit.

[chutes01] 06/2/2024 13:32

Indeed, he is taking a lot of cash out each month, and half goes to tax, come on Cross, sort it out. You have let a lot of investors down.

[sonofthebull] 06/2/2024 13:30

He needs to do what's best for Parkmead.What ever it takes ! Everyone has an opinion but for whatever Tom has been thwarted unforseen circumstances.
He's still breathing and moving in a positive direction for the share holders be they long or short term !
GLA

[scarboro] 05/2/2024 17:14

He needs to tidy up the related party loan. Why are the majority of shareholders subsidising his family. If I were him I wouldn’t be taking an outsized salary either. If he makes a success of PMG he will get multiples back as a 29per cent shareholder by keeping the cash in the business than he will taking it out and paying 45% tax. And he should sell everything to do with wind before the penny drops

[sonofthebull] 05/2/2024 17:09

Where's the towel that you keep saying Tom is going to through in ?

[chutes01] 05/2/2024 15:33

Aye, go on then ..

[sonofthebull] 05/2/2024 15:19

Be able to fund it themselves,What with Skerryvore and Gamma east

[chutes01] 05/2/2024 13:47

It's GPA all over again, day 1. 5/2/24.

[sonofthebull] 05/2/2024 13:11

Onwards and upwards....Another good RNS delivered this morning, geothermal
Technology for producing heavy oil
Absolute game changer

[chutes01] 02/2/2024 15:47

Absolute disgrace really.

[scarboro] 02/2/2024 15:43

I don’t read the brokers update as that positive. They are remaining stable. They need to sell the wind assets before the penny drops that the only way wind pays if if the taxpayer doesn’t realise that the reason their gas/electricity bills have doubled is to part fund the largesse

[sonofthebull] 02/2/2024 15:29

What a stonking RNS bring it home Tom !

[tidy 2] 02/2/2024 08:07

2 February 2024 The Parkmead Group plc("Parkmead", the "Group" or the "Company") Increase in Netherlands Gas Production and Reserves and update on UK Renewables portfolio Netherlands Gas ProductionParkmead, the independent energy group, is pleased to provide an update on gas production following the LDS-01 well being brought into production in Q4 2023.As previously announced, the Diever-02 well was shut-in in October to allow the successful new discovery well LDS-01 to be brought onstream. Since coming onstream, gas production from LDS-01 has consistently produced at average rates of close to 5,000 boepd (gross) and upwards of 370 boepd (net) to Parkmead

[sonofthebull] 01/2/2024 06:14

Chutes01
Where's your faith.....spell check required 2 ns.
Tom will communicate his plan shortly.

[chutes01] 31/1/2024 22:43

PMG in with Orcadian, 2 behemoths of the offshore drilling game.
Be more drilling in local Nunery than those 2 put together.

[robs12] 31/1/2024 19:34

Looks like PMG (with Orcadian) have been offered three licenses in the 33rd round:

14/15a

14/20d

15/11a.