TheDell
02 Apr 2019
Investors Chronicle Cant find a direct link to the IC comment from Simon Thompson without subscribing. But the full text has been posted over on ADVFN discussion yesterday at 12.44. Hope that helps.
NoQuestionMarks
31 Mar 2019
Results People were saying the same thing about false hope with Serica. I bought them from 15p all the way down to 5p. Hurricane is fully valued and Premier too debt laden in my opinion. I am in the minority, but I was in the minority with Serica too. Time will tell.
The_Marin
29 Mar 2019
Results Dream on, you guys are being strung along with false hope. These are underwhelming results at best. They need to come clean and tell us why GPA is stalling. GPA could be producing oil in around a year if the money was there and all parties were cooperating so there is something fishy going on. Its other licenses it holds are stalling as well. This company promised a lot but has done very little when you compare it with other North Sea operators, Hurricane, Serica, Premier to name but a few.
TheDell
29 Mar 2019
Results Agree with all of your comments. A GPA anouncement can’t be too far away now as first oil is on track for Q3 2021
NoQuestionMarks
29 Mar 2019
Results Pre-tax profit of £3.8m was better than I expected, very little capex in the period, but just goes to show how profitable our tiny stake in those Dutch assets is. If this performance is carried through into the second half, and the share price remains flat, we will be trading on a P/E of around 8 or 9. With the added one off gain of £6.2m to our cash balance from the FPM sale. That will turn heads. Being a profitable outfit will aid us in discussions going forward on GPA. We can play it relatively ‘cool’ as we have a cash generating business without GPA. Looking ahead, Platypus will hopefully replace the lost production as Diever depletes because it ain’t going to last forever. Continue to hold and will add if we dip substantially under 50p. nqm.
TheDell
29 Mar 2019
Results Encouraging financial results. Plenty of ongoing work in progress outlooks to maybe one day appreciate. Bottom draw hold, definately !!!
TheDell
21 Mar 2019
Faroe- UK joint NQM. Yes we do need partners and funding, we have targets lets hope there is plenty of ammunition available. An update on GPA next week would let off a bit of building PI “steamâ€. Big picture on West of Shetland might be further down the line. We are listening Tom!!! GL.
NoQuestionMarks
20 Mar 2019
Faroe- UK joint No money back, no guarantee! Results should be in next week, here’s hoping for something concrete. We have a range of options, most requiring partner funding, we just have to trust in the companies ability to strike a deal or three. He who dares Rodders!
TheDell
20 Mar 2019
Faroe- UK joint No Income Tax no VAT.
TheDell
20 Mar 2019
Faroe- UK joint A Mega Hub is on the table to accomodate these fields.
TheDell
19 Mar 2019
The Faroes The Faroes Oil Industry Group said it will create a " whole new expanded oil province which subsumes and supersedes West of Shetland"
TheDell
19 Mar 2019
New Licensing Round Oil Industry News.Monday March 18th. It has been revealed today that plans are in place for a joint licensing round to be launched between the Faroe Islands and the UK North Sea. The “ground breaking†collaboration would see blocks come available for exploration in waters on the UK Atlantic Margin, between west of Shetland and the Faroes. It would see the fifth Faroese Licensing Round take place alongside the 32nd round,due to begin in June and close in November. In 2014 a study revealed that the West Coast alone could provide oil and gas for over 100 years. A wide estimate of up to 10billion barrels of potential recoverable oil being present on the Shelf. As part of the initiative the government intends to remove a two percent royalty provision for licencees. The news comes amid increased interest from the likes of BP , Shell , Total and Equinor in the west of Shetland region. Sept 2014 Article. Scottish West Coast Untapped OIl and Gas Reserves Worth Trillions.
NoQuestionMarks
28 Feb 2019
Looking ahead Morning all, The £500m refurbishment of the Forties pipeline by Ineos will extend the life of Forties by at least 20 years. Extending production into the 2040’s… That has to be a positive for the GPA plan, Refurbing Scott to accept sour crude is looking more and more feasible don’t you think? We are now guaranteed a reliable transportation system so that is another duck in the row, is it not? Looking ahead, there’s plenty going on in the North Sea in the months ahead. Our Interim results at the end of March, I don’t expect fireworks, which probably means there will be fireworks. PMG will surprise the market, probably just not yet. I hope I am wrong! 31st round of offshore licensing areas are awarded between April and June. Not sure if we were in for any of the licenses as they were ‘Frontier’ areas. The 2nd of May is the closing date for applications for the Supplementary licensing round for the Greater Buchan Area. I would not be surprised if we were bidding here. Time will tell. In mid 2019 the 32nd licensing round for ‘Mature’ areas will open. Good luck.
NoQuestionMarks
05 Feb 2019
What's in the pipeline We can do nothing but to watch and wait. “Parkmead has entered into commercial discussions with the Scott field partners in order to explore terms for a tie-back of GPA to Scott.†At the moment I would say we are uninvestable to many, we are a gamble, a binary one. If the Scott talks fall through we are looking into the abyss. Nervous times for us holders. Good luck all.
