"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.

I think my 'Wait & see' strategy has been well & truly scuppered!!!

cynic going like a train!

it is indeed hali, but not entirely sure why to buy ...... one could argue too far too fast or conversely, follow the momentum

Mostly based on the expertise of 3 x ex-Dana Execs. Lets hope they can deliver.

so surely all hot air as it stands and/or little better than BPC?

Plus 2.5% of Faroe.
Word is, however, that these guys are some of the best in the business, so expectations are very high.

hmm ..... my gut feeling in that case is currently too far too fast ..... think i'll just watch for now and perhaps buy a few when they have a couple of bad days

StockMarketWire.com
Parkmead Group shares jumped a further 20% today. Over the last three days the share price of the oil and gas group has soared 78%,up from 10.25p.

Interest in the shares has been high ever since it was announced on 9 November 2010 that Tom Cross, the ex-boss of Dana Petroeleum would be taking over as Executive Chairman.

After 16 years, Aberdeen-based Dana Petroleum was sold to the Korea National Oil Corporation for 1.9bn and Tom Cross has already stated that he is looking to use Parkmead to build up a portfolio of exploration and production assets.

Mr Cross is believed to be pursuing two potential acquisitions and investors clearly believe that he can repeat the success he enjoyed with Dana and have jumped on the Parkmead bandwagon.

Two of his fellow former Dana Petreolum Directors, Philip Dayer and Ian Rawlinson, were brought on to the Board of Parkmead two days.

Harry we are out at 18.5p market cap at over 110m too rich for us.

Shame, halifax. A bit too early as it happens, but very tricky to guage when this momentum will reverse.

Now 35p! Getting to be a crazy sp.

Holding in Company

"The Company was informed on 24 December 2010 that Mr D Mills is interested in 53,796,567 ordinary shares, representing 8.91% of the issued share capital and voting rights of the Company."

Article from the 22nd Dec '10

http://www.heraldscotland.com/mobile/business/corporate-sme/pair-join-parkmead-in-boardroom-shake-up-1.1075908

Superb..

Superb..

stupefying - yet seemingly on the back of nothing, not even rumour

Looks like the hype is over for now & the sp should settle back to a more realistic level, imo. I wonder how many more ex-Dana staff they will employ.
At some point they are going to need cash for aquisitions, so future debt should then be reflected in the sp.

quite tempting to short, purely because, apart from a squitty 2.5% holding in FPM of unknown value, there is nothing much of value in the company, and certainly nothing to merit the tripling of sp in recent days

My share of 2011.

Evil K and his followers are now shorting this one so be aware.