Re: AGM NQM Yes I hope to be at the AGM....My thoughts have not changed since I bought my first share. We have seen the first oil, trap oil, Excite and as many others go bust, yet Cross survives he knows how to work the North Sea for oil and gas. Plus he now has acreage round the West Coast of Shetland. Its all down to Time, Patience and collaboration.
Re: AGM Are you going to Aberdeen CSZ?If you are, it would be great to hear your thoughts.
AGM 090 Davidson House 20/12/2017
Annual Report 2017 Hello all,An upbeat, optimistic report, as you would expect.Sanda North & South gets talked up in the search for a farm out partner and an interesting section on the forecast for future oil demand and supply.Also notable that the company is open to opportunities in any form of energy generation, not simply oil and gas.[link]
Re: Deal like Serica Hi Otterman,I agree that there are similarities, the main one being that they are run by experienced teams. I bought Serica from 40p right down to 5p whilst the share price seemed in terminal decline. Operationally things were great but for whatever reason investors sold out. Serica, like Parkmead only issue news when there is news to report, so many AIM and small caps ramp there businesses that they inevitably end up over valued.When and If there is a seismic change to Parkmeads fortunes it will be swift, there aren't too many 'free float' shares around.I am waiting in expectation rather than hope, just as I was with Serica, but only invest what I can afford to lose as part of a balanced portfolio.Contrary to popular belief AIM is still as wild as the Wild Wild West ever was, there are no exceptions.nqm.
Deal like Serica I see quite a few similarities between Serica and Parkmead. Both being stable small producers with plenty of spare cash.The Serica deal with BP has been transformational and may still have a long way to go over the next year.Hopefully Parkmead will come up with something equally as dramatic in due course.Wish they would talk more, if they talked to Malcy, then they could be in his bucket list for next year and that fact alone could give the share price a significant kick.Continue to hold and hope.otterman
Parkmead Tweet Netherlands-focussed independent energy group Parkmead posted its preliminary results for the year to 30 June on Friday, reporting gross profit of £1.2m for the period, swinging from a £4.6m loss in the 2016 financial year.The AIM-traded company said it had a strong total asset base of £82.2m as at 30 June, adding that it had maintained strict financial discipline.It also remained well-capitalised, with cash balances of $34.3m (£26.4m) as at period end, as well as a balance sheet free of debt.Parkmeads low-cost Netherlands gas production was providing positive cash flow to the company, the board said, with all revenues from Netherlands production received in euros, mitigating recent currency fluctuations.On the operational front, Parkmead said new dynamic reservoir modelling suggested Diever West had approximately 108 billion cubic feet of gas-in-place volumes, which is more than double the post-drill static volume estimate of 41 Bcf.The group had thus substantially increased production from its Diever West gas field by perforating the Akkrum reservoir formation.2017 has been an important year of progress for Parkmead, said executive chairman Tom Cross.The group moved into gross profit as a result of increased gas production and the cost reduction programme in the UK.This is an outstanding achievement for Parkmead at a time when global oil prices have remained low.Cross said Parkmead's gas production acted as a natural hedge in the challenging oil price environment.We are delighted to have significantly increased production at the Diever West gas field, which increases Parkmead's cash flow.New reservoir modelling indicates that Diever West could be more than double the size originally expected.Cross said the company was also pleased to have been able to increase its stakes in core areas of its portfolio during the year, particularly around the Greater Perth Area oil hub in the UK North Sea, where Parkmead strengthened its position.The group is in discussions with leading international service companies and oil companies with regards to the Greater Perth Area, Cross added.The team at Parkmead is working intensively to evaluate and execute further value-adding opportunities which could provide additional cash flow to the company.Parkmead is analysing both oil and gas, and wider energy sector opportunities, which could broaden and enhance the group's revenue stream.Cross added that Parkmead was well-positioned for growth.We have excellent regional expertise, significant cash resources, and a growing, low-cost gas portfolio.The group will continue to build upon the inherent value in its existing interests with a balanced, acquisition-led growth strategy, securing opportunities that maximise long-term value for our shareholders.
Callsignzulu/Kidd For goodness sake, can't you two knock it off? Your personal feud has become boring.
Re: Kid waken up ! Kid Watch the press ups dont make you ill.
Re: Kid waken up ! More false posts and more losses. I though for a minute youd posted Lie Lie. We know you do so checked again. Yet another thread where you back away because youre made to look silly as ever.
Re: Kid waken up ! Kid Buy Buy !
Re: Kid waken up ! Yes we are. Hes been badly wrong for over 2 years and you cant explain why you posted false info AGAIN
Re: Kid waken up ! Thats past......we now in the present.
Re: Kid waken up ! [link] this then?
Kid waken up ! November 2017 Panmure Gordon 17/11 RetainsBuyBuy70.00p finnCap 17/11 ReiteratesBuyBuy81.00p finnCap 10/11 ReiteratesBuyBuy81.00p August 2017 finnCap 09/08 ReiteratesBuyBuy81.00p July 2017 finnCap 05/07 ReiteratesBuy