"Advises and invests in technology and energy based companies and currently has a 2.5% stake in North Sea oil and gas company Faroe Petroleum.."
http://www.parkmeadgroup.com/parkmeadgroup/

"Mr. Tom Cross has become Executive Chairman. Mr. Cross has been a non-executive director of the Group since October 2006. He will take up office as Executive Chairman on 9 November 2010.
Mr. Cross is founder and Chief Executive Officer of Dana Petroleum plc, which is currently being acquired by the Korea National Oil Corporation in a deal worth approximately $3 billion dollars. He is a Chartered Director and petroleum engineer with extensive energy sector experience, spanning projects in more than 20 countries. In 2005, Tom was elected Chairman of BRINDEX, the Association of British Independent Oil Companies and he continues in that role. He is a Fellow of the Institute of Directors and has served as a Chairman of the Society of Petroleum Engineers and an advisor to BBC Radio on oil and gas affairs."

The Board of Parkmead reports that Mr Brian Wilson and Mr Faysal Hamza are retiring from the Board as Non-Executive Directors with effect from 21 December 2010.

Mr Wilson and Mr Hamza have served Parkmead with distinction, through a period of significant change in the Group, culminating with the successful acquisition and integration of Aupec Limited. They will continue to play a role within the Group in an advisory capacity.

The Board is also pleased to announce the appointment of Mr Philip Dayer and Mr Ian Rawlinson as Non-Executive Directors of the Group with effect from 21 December 2010.

Philip Dayer was a Non-Executive Director of Dana Petroleum plc from 2006 until its recent sale. Mr Dayer has over 20 years of public market and corporate finance experience.
Ian Rawlinson was also until recently a Non-Executive Director of Dana Petroleum plc, serving from 2005 until its sale in 2010.

My actual price was 0.219 (at 12.30), but my intention is to build up a stake in PMG. I will then hold that stake but buy other small amounts to trade the bounces. I still think that the next announcement from TC will get the sp going again.

20.50 / 21p - 0.75p

it looks ready for a change on the level 2

the low was 20 / 21p

Was that a seller or MMs wanting to bring down the share price further?

I top up with some more this time T+20

All MMs on the blue now on the level 2, as the bid goes to 21p with 4 MMs
offer at 22.50p with 3 MMs

signs of the bottom has been reached now.

already 21.50 / 22.50p +0.50p

Bought more @ 0.2042
Just hope TC comes up with the goods!

Today was showing symtoms of wanting to move up 22 / 23p +1.50p

Looks like 25p could be on the cards again.

Parkmead makes Key Appointments to Management Team

The Parkmead Group is pleased to announce a number of senior appointments to its oil and gas management team, which bring a wealth of additional experience and an exceptional track record in the E&P industry. These new appointments, coupled with those previously announced to the Board of Directors, position Parkmead with all the key skills required to build a significant new independent oil and gas company.

Parkmead's growth plans will be delivered through the combined knowledge and expertise of its team members, benefitting from their extensive oil and gas industry, and government, relationships which have been developed over many years in the upstream energy sector.

The recent appointments to the core team include Dr Colin Percival, Shona Kiloh, Julie Forsyth and Kathryn Ramsay, who have all joined from Dana Petroleum plc.

jobs for the boys and girls.

Another trading bounce at 21p hopefully.

From the Scottish Herald, 1st April 2011:

MARK WILLIAMSON

TOM Cross has said the surprise hike in the North Sea tax rate is bad news for the industry but should have no impact on his plans to develop another successful business in the area.

Mr Cross, who grew Dana Petroleum into a 1.8 billion business, echoed criticism of the Chancellors decision to increase the tax rate by 12 percentage points, saying it would weigh heavily on firms that produce oil and gas in the area.

This could see firms reducing investment in the North Sea.

I think its a real threat, Mr Cross told The Herald. A lot of fields that are being developed are marginal. It will slow down some projects that were ready to go.

Now executive chairman of Parkmead Group, Mr Cross also criticised George Osborne for saying that the tax rate might be reduced if oil prices fall without giving firm details.

This is a real threat . It will slow down some North Sea oil projects that were ready to go

This could make it extremely difficult for firms to assess investments with the degree of certainty that they need to sanction spending on fields that could take years to bring into production.

However, Mr Cross said the increase might help Parkmead in its attempts to build a portfolio of oil and gas assets. The tax change is expected to reduce the price of North Sea assets.

Parkmead is in talks about 13 potential acquisitions in the North Sea and West Africa. Three are at an advanced stage.

It will have a positive effect to us this year because we are focusing on acquisitions, said Mr Cross.

He said none of the parties that Parkmead is talking to had suggested withdrawing from the sale talks.

Mr Cross said, given the experience that he and staff at Parkmead had gained of operating in the North Sea, the company was confident it could still achieve the returns it is targeting. We are focusing on the North Sea first because its our patch.

Parkmead reduced operating losses by 34% to 530,000 in the six months to December from 800,000 in the first half of 2009.

i'll stand by my post 82 and wait to be happily proved wrong, but the odds are quite short against that

rather looks as though post 82 was prescient ..... shame cielo (mrsi) is not here to apologise!

They seem to be slipping, not sure what to do. My head says run while you've still more than trippled your money my heart says buy more. Luckily I've spent this weeks money!

overrule your heart at all costs and bank the money NOW!

If you are a trader, I would take profit. If an investor, then hold as should come good, imo.

if i was an investor, i hope i would have bitten the bullet by now!

Its looking great today.

Due to this:
PARKMEAD AND DEO SIGN STRATEGIC PARTNERSHIP IN CENTRAL NORTH SEA

The Parkmead Group plc ("Parkmead") and DEO Petroleum U.K. Limited ("DEO") are pleased to announce the signing of a strategic alliance agreement pertaining to certain areas of the United Kingdom Central North Sea. The companies have agreed to pursue joint opportunities and collaborate together on a 50:50 basis in three specific areas within the UK Central North Sea. The collaboration arrangements in these areas will initially span the period through to December 2013. In addition to working together in the anticipated UKCS 27th Licensing Round, Parkmead and DEO are also looking at joint acquisition opportunities in the identified areas. The parties have also agreed, subject to the necessary regulatory consents, that during the application, bidding and exploration phases Parkmead will act as exploration operator for the partnership, and following commercial discovery DEO will assume the role of development operator.

Tom Cross, Executive Chairman of Parkmead commented:

"This strategic partnership is a win-win for both companies and we are very pleased to be working with DEO, whose core skills are entirely complementary to Parkmead's. Our combined teams share a deep understanding of the North Sea and this collaboration will allow both companies to create and accelerate significant value for our respective shareholders."