Parkmead Group (The) Live Discussion

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Buster 09 Dec 2019

Platypus What do you think the total value of GPA is To pmg

TheDell 16 Oct 2019

Platypus The haggle:- Who drives the bus?

TheDell 16 Oct 2019

Platypus A bargain top up at those levels. Mine a bit higher , but Ok. The “big haggle” who gets what and what are the percentages to be taken at GPA. Can we get an improved recovery per barrel down from $30 odd to anywhere near the $12.30 Sirius reported last week. Highly unlikely with high sulphur present at GPA $20 - $24 per barrel we would be on a winner!! New technologies are out there. If the divide is broken down to 20% and a free carry that’s a good figure for Parkmead shareholders considering the volumes in place.

NoQuestionMarks 15 Oct 2019

Platypus Glad I added more to my holding whilst we were under 35p. If your gut feeling about GPA is right that would propel us through £1 in short order I would think. What terms do you expect? I’m hoping that we have held onto 15-20% of the licence in return for a free carry through to first oil. The staff have put in a huge amount of work, we deserve it.

TheDell 15 Oct 2019

Platypus Parkmead RNS today reafirms the Field Development Plan draft and Environmental Statement for Platypus have been submitted by Dana Petroleum.

TheDell 11 Oct 2019

Platypus My gut feel is finance for GPA is agreed with a third party or parties. Subject to outcomes which are to be finalised .GL.

TheDell 10 Oct 2019

Platypus Plenty going on in the backroom here. Platypus reports suggest focus towards production on track. GPA still under intense review, no negatives reported. Parkmead the Company has had a comprehensive mauling . Tom Cross and associates a mauling. PI’s and II investors giving it a shredding. Carcass appears to be intact, nobody has said the cash pile has been squandered. Awaiting news. Hold steady the oil and gas prices!!

NoQuestionMarks 09 Oct 2019

Platypus Field development plan application and Environmental impact assessment report have been submitted. First Gas Q4 2021. Detailed design expected Q2 2020. It looks like we are good to go. Buy, Buy, Buy! [link]

NoQuestionMarks 08 Oct 2019

Platypus I’ve read rumours that Dana has submitted a field development plan for Platypus as well as being granted an extension to the licence. Has anyone heard anything definitive? It would fit with my theory that Dana and their sub contractors are busy with Tolmount at the moment. Now we are under 35p again, I am a buyer. Related party transactions are rarely in the interests of investors but this is well overdone in my opinion. Equinor opting out of GBA was a bit of a blow but not a surprise, they have bigger fish to fry. JOG are capable of getting the job done, I hope. Polecat and Marten would tie back there nicely!

NoQuestionMarks 25 Sep 2019

Wishful Thinking It would be nice but I can’t see it personally, Serica have enough on their plate for now. They have plenty of producing assets that they are working to optimise. Increasing BKR efficiencies are ongoing. Columbus kicks off in Q2/Q3 next year with startup in early 2021. The R3 well intervention in pencilled in for late 2020 too. The drill or drop decision on Skerryvore and Ruvaal doesn’t have to be made until September 2021. The good news for us is that Serica will have their share of drill costs, small potatoes to them, but they know the business and are pretty scrupulous when it comes to spending. We will have to gain their confidence.

NoQuestionMarks 25 Sep 2019

Pitreadie Farm The consideration shares should be issued tomorrow morning if all has gone to plan. I wrote to ask about the planning permission for the mansion. I received the same reply as others. It did answer my questions though. It stated that all properties on the land will be purchased; so I take that to mean the partially built mansion. I had asked how complete the mansion was, percentage wise. The reply I got merely stated that there would be a full analysis of all land and properties once the transaction completes. As feared we are plunging through the thirties. My previous lowest buy was 34.5p I think we are going lower if there is no news soon. I’ll think about buying if we reach the low thirties. "Issue of Equity Application will be made to the London Stock Exchange for the Consideration Shares to be admitted to trading on AIM upon completion, which is expected to occur no later than 26 September 2019, and a further announcement will be made in due course. The Consideration Shares will rank pari passu in all respects with the Company’s existing ordinary shares. Post Admission, Tom Cross and his affiliates will hold 28,201,172 ordinary shares of 1.5 pence each (“Ordinary Shares”) in the Company, which will represent 25.97 per cent. of the enlarged issued share capital. Kevan Smith holds the remaining 25% of Pitreadie and will join the Tom Cross and affiliates concert party by virtue of receiving 295,276 ordinary shares as consideration for his holding in Pitreadie, therefore the concert party will hold 28,496,448 ordinary shares in Parkmead, representing 26.25 per cent. of the Company’s issued share capital."

TheDell 25 Sep 2019

Wishful Thinking Energy voice today mentions Serica Energy are now looking for further North Sea aquisitions to add to a succesful portfolio of producing assets. It also states production costs are down to an amazing $12.30 per barrel

NoQuestionMarks 17 Sep 2019

Pitreadie Farm 4 bedrooms, all ensuite Bar/Gallery Snooker Room Swimming Pool Triple Garage. Planning permission was granted in December 2017. [link] I have seen a google maps satellite image that showed the outline of the structure but looked like just a few courses of bricks had been laid. When the image was taken I am not sure. Don’t you think it was worth a mention in the RNS? I have asked the company “who will live there”

NoQuestionMarks 17 Sep 2019

Pitreadie Farm Not fair at all poleaxe. The silence from the company speaks volumes I fear. Just how did they think it would pass the sniff test? Half an hour looking through the Pitreadie and EMAL accounts and even I could smell a wrong un. Polar Capitals holding has gone under 3% which also says a lot. I wrote to Ryan Stroulger urging the company to clarify the issues around the money trail between Parkmead, Pitreadie, EMAL and Tilestamp etc. I didn’t ask, or expect to receive a reply.

Poleaxe 17 Sep 2019

Pitreadie Farm The Dell, it’s not just dilution. It looks like it’s dilution enabled using the £2.9m loan from Parkmead to EMAL. Company accounts show that when Parkmead lent £2.9m to EMAL, the directors (Tom and Linda) withdrew £2.9m from EMAL. In the same period, Linda lent £2.6m to Pitreadie Farm Ltd. Linda’s loan forms part of Parkmead’s purchase of Pitreadie Farm Ltd. Parkmead are issuing the new shares and granting them to Linda, in lieu of her loan. Has the £2.9m loan from Parkmead enabled the dilution of other shareholders? If so, it doesn’t feel very fair to me.

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