Parkmead Group (The) Live Discussion

NoQuestionMarks 30 Aug 2018

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.

The_Marin 30 Aug 2018

Licenses Why has this company been issued new licenses when it appears they cannot exploit the ones they have already got.

TheDell 20 Aug 2018

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”.

TheDell 16 Aug 2018

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.

TheDell 26 Jul 2018

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.

callsignzulu 21 Jul 2018

Parkmead Group General Discussion Thread There’s no smoke without fire !

NoQuestionMarks 19 Jul 2018

Parkmead Group General Discussion Thread A nice summary from a poster on advance of the three things we have been told are going on at the moment with regards to the Greater Perth Area. The AGR Tracs study should be completed by now, if the 10 week estimate was accurate. Either the news is not good, or, it is being held back until the other two things have developments to report. Personally, if It was me, I would be inclined to line up my ducks rather than drip feeding the news. A triple whammy of an RNS in September would send us shooting upwards, anything less and a slide back to 40p by Christmas could be on the cards. Here’s the recap. " 1) A detailed engineering study for the potential subsea tie-back of the GPA project to the Nexen operated Scott facilities in the Central North Sea - the ‘Nexen study’. Subsea 7 and Ingen (a subsidiary of Amec Foster Wheeler) will be providing additional technical expertise during the study. 2) A reservoir study with AGR Tracs International could substantially increase the assumed recovery factor of the oil-in-place volumes at the Perth field, which stands at 197 million barrels of oil (“MMBbls” for core Perth and 498 MMBbls including the northern areas of the field. The study is in relation to well fracture stimulation. 3) Financing - an invitation to tender was announced to the service provider market, covering the pre-FEED, FEED and subsequent development phases of the project. Parkmead was pleased to report that 13 alliance submissions were received, comprising 35 companies, across all project components of drilling, subsea construction and export route options. After evaluating the proposals, Parkmead is holding onward discussions with a number of leading, internationally renowned service companies. The majority of the proposals have focused on innovative approaches to the potential development, with significant new work carried out on well planning, timeline to production and financing. A number of the proposals have also offered finance to the Group for major parts of the development, further reducing the capital expenditure required to bring the project on-stream" As always, do your own research.

prooverloop 18 Jul 2018

Activity at Scott There’s a bit of shipping movement to the south west of the Scott platform (maybe at Dolphin field or could be at a Scott satellite well) a dredging vessel Simon Stevin which arrived today & Diving Vessel, Seven Falcon.

brianjenkins 16 Jul 2018

Parkmead Group General Discussion Thread I have always used www.Investegate.co.uk for all RNS’s. It doesn’t miss much.

NoQuestionMarks 16 Jul 2018

Parkmead Group General Discussion Thread I use the London Stock Exchange website, as far as I can see the research bit of II only gets news stories rather than a genuine RNS newsfeed. I have a II trading account too that isn’t much more use to me. Whilst there is an RNS newsfeed it doesn’t allow me to scroll through the day’s news on the iPad but does with a computer. [link]

john2 11 Jul 2018

Parkmead Group General Discussion Thread Any idea where you find company rns’s nowadays?, the whole site is a mess

NoQuestionMarks 04 Jul 2018

Parkmead Group General Discussion Thread Very quiet here now following the update… In an attempt to keep things a little like how they used to be I thought a general discussion thread might be useful. A nice 7% rise today. The only thing I can attribute it to is BP buying a larger stake in the Clair oil field. Relatively close to Sanda so I’m guessing that’s the reason. Any other ideas?

TheDell 29 Jun 2018

CLNR Fundraise Perhaps a possibility the Cluff fundraising is for joint drilling costs on the JV gas prospect North Sea. A thought!!

NoQuestionMarks 27 Jun 2018

Cluff raise cash Cluff Natural Resources have raised £2m through a share placement, should keep them funded for a while as our partner. [link]

Caddie 29 May 2018

Bigger picture Shake, rattle and.... shake.[link] licenses were recently awarded by the UK Oil & Gas authority to 61 companies in the 30th offshore licensing round for UK North Sea Oil drilling and exploration.This is a significant development for the UK North Sea region, and it indicates that exploration is alive and well with plenty of new oil wells waiting to be drilled in the UK. Among the many companies that have recently won licensing are Chevron, Total, BP, Shell, ConocoPhillips and others.UK oil & gas representative, Deidre Michie indicated that it is necessary to get production up and running before a slowdown in oil production commences after 2020. According to Bloomberg energy prices, crude oil prices are up across the board. WTI (West Texas Intermediate) crude oil is trading at $71.77 per barrel, while Brent crude oil is trading at $79.69 per barrel.Oil prices have risen since hitting multiyear lows in 2016, as evidenced by the above charts. Crude oil prices have maintained strong growth since mid-2017, despite increased production from major OPEC producing nations, including Iran. According to the EIA (Energy Information Administration), the top producers of petroleum include the following 10 countries (2017 statistics):The United States – 15,566K Barrels per DaySaudi Arabia – 12,090K Barrels per DayRussia – 11,200K Barrels per DayCanada – 4,987K Barrels per DayChina – 4,779K Barrels per DayIran – 4,669K Barrels per DayIraq – 4,462K Barrels per DayUAE – 3,721K Barrels per DayBrazil – 3,363K barrels per DayKuwait – 2,928K Barrels per dayThe United Kingdom produces an estimated 1,047K barrels per day which will be increased substantially by the recent granting of 123 licenses for UK North Sea oil drilling. According to Trading Economics, UK crude oil production has shown a sharp increase since August 2017 when it was measured at 831K barrels per day.Since then, it has enjoyed unprecedented growth with figures of 885K BPD in September 2017, 946K BPD in October 2017, 977K BPD in November 2017, and a drop to just 739K BPD in December 2017. January, figures spiked to 1,027K BPD. Current trends looks set for strong growth prospects now that the oil price is trading around the $75 per barrel benchmark.Montgomery Earl James II of Olsson Capital believes that traders can benefit from diversifying their portfolios to include oil interests over the short-term. ‘As it stands, we saw traders and investors exiting oil markets en masse in recent years.The ongoing spat between West Texas intermediate producers and Brent crude oil/OPEC producers resulted in excess capacity and price weakness. Since then, we have seen a concerted effort to bring production back into line, by reducing excess capacity and running down oil inventories.The latest stats are heartening for oil bulls. For starters, any price above $70 per barrel is going to draw in plenty of producers, explorers, and stakeholders. This circular pattern will result in excess production to maximize revenue gains, which will then result in long-term price declines for crude oil.We are already seeing more licenses being issued, so the short-term prognosis is a price spike and profit-taking, followed by a market correction. It is important to ride the proverbial wave while prices are high, since a correction is invariably on the way.’