Gpa feed? If the share keeps rising tmrw then Nexen have decided to join the party…Great deal for all involved.
Gpa feed? A 30% rise in a couple of days! The most likely catalyst I can imagine is an announcement relating to GPA. Failing that a farm out of the Sanda Block. Or, it could be another false dawn. Patience will be rewarded methinks!
Licenses Seismic has been successfully shot over both Sanda North and South with encouraging results, from memory the additional license granted in may to Parkmead is or has been commissioned for seismic research, in fact it may be underway at this present time.
Licenses How can u fail when u are accumulating…The Scott platform will take all of GPA and more through to the mainland. Do u honestly think that Equinor are going to float an FPSO at Verbier…It’s all down to planning ! Knowing cross he’s probably doing the FEED now in the back ground !
Licenses The simple facts are that they have FAILED to deliver significant acquisitions when the oil price was low which they were so heavily punting. They have FAILED to make progress on the GPA hub which they have been so heavily punting. It now looks like to me that they have been asking to much for the farm in or there is a problem with the geology. They may well be delaying bad news so insiders can get out or delaying good news so insiders can buy in cheap, take your pick. The government should not be giving out licenses to companies that have no significant cash flow or plans to explore them in the near future. This company has done very to exploit its licenses it already has, all huff and no puff.
Licenses North Sea veteran Algy Cluff’s view on the future for the North Sea, I think he is spot on. We have picked up decent licenses at the bottom of the cycle, we just have to wait for their true value to be appreciated. " The febrile state of the world, arguably more unstable than at any time since World War II, suggests that our portfolio of licences represents a valuable strategic hedge in the event of the disruption of commodity supplies. Whilst North Sea oil and gas is most likely neutral in the Brexit sense there clearly are a range of scenarios of crisis points now, of which perhaps the most alarming would arise from the closure of the Straits of Hormuz should the Iranian challenge escalate. Secure capacity accordingly is of no less importance now than at any other time in our history. European gas prices are now at a three year high and gas in storage is sharply lower than last year. Trouble is looming. One of the curious features of the North Sea recently has been the tendency for private equity funds to buy cash flow from the major oil companies. Apart from inevitably paying a full price for this production these funds have up until now had less focus on exploration. That is one of the reasons exploration in the North Sea has declined. However, I am confident that with the revival of interest in the North Sea will come a revival of exploration, the life blood of the industry, and that in my next statement I shall be able to refer to a drilling programme on our licences." JG Cluff Chairman 3 September 2018
Heads Down! Correct !
Licenses Parkmead is an oil and gas E&P company… Eploitation takes time, deals have to be negotiated !
Heads Down! If the GPA,Scott,Sulphur,Farm in % negotiations all come to a successful conclusion it gives Parkmead plenty of "cred"and collateral to move forward. The West of Shetlands sanda north and south plus the latest additional licence could be where to aim at a later date , it could be the Jewel (who knows). BP have large reserves over there and investing heavily nearby.
Licenses The 31st licensing round is now open, closing date for applications is the 7th of November. I wouldn’t be surprised if we aren’t bidding for one or two more! I agree that we need to focus in on something. Whether it be developing the GPA, Exploration in the West of Shetland or going all out for Gas. I think it probably all comes down to partners. The more bait we have in the water, and the more attractive we can make it, increases our chances of snagging a big fish. Tom and the team will get there (in my opinion) They know their licenses, they command respect in the industry, and they are under no pressure to be rushed into a bad deal. Frustrating, but I believe patience will be rewarded. If we dip under 50p I will be thinking of buying again.
Licenses Why has this company been issued new licenses when it appears they cannot exploit the ones they have already got.
Scott Terminal Panmure Gordon. Research 2018. Parkmead Nav of GPA accounts for 60% of all fields (prior to new licences being issued) Panmure models 15% chance of commercialization of GPA leaving Parkmead highly leveraged to any improvement of the outlook of any commercialization as reflected in there 382p share unrisked Nav. If Parmead get the thumbs up to Scott hub and a good production deal struck this must “Motor”.
Bottom 57-58p looks about bottom unless Parkmead are hit with operating costs going forward. Cash pile, faroe shares, netherland gas income, west of shetland assets, jv with cluff. Plenty of individual sectors the board and advisors have to consider, if it all does materialise the outcome could be beneficial to all shareholders. As for the moment silence is the “modus operandi” as normal from the company.
Wave and sea current energy Could Parkmeads alternative energy paragraph be taking sub sea turbines into consideration. Research being done around the UK coastline for years now, vast amounts of energy in the right places.
Parkmead Group General Discussion Thread There’s no smoke without fire !