"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.

This is better.

Parkmead Acquires Stake in Platypus Gas Field and Possum Gas Prospect, with Near-Term Drilling

The Parkmead Group plc is pleased to announce that it has completed an agreement with XTO UK Ltd., a subsidiary of Exxon Mobil Corporation, to acquire a 15% interest in Blocks 48/1a, 47/5b and 48/1c in the UK Southern North Sea. These blocks contain the Platypus gas field and the Possum gas prospect.

This acquisition marks an important step in Parkmead's first stage of its development to become a significant new independent oil and gas company. The Parkmead technical and commercial teams have a long history and detailed knowledge of these assets and therefore these blocks are an ideal fit for the Group's growth strategy.

The Platypus Rotliegendes gas accumulation was discovered in 2010 by the Dana Petroleum plc operated 48/1a-5 well, which encountered 218 vertical feet of gas bearing sands. The Platypus gas field, which lies 18km north north west of the West Sole gas field and 15km west south west of the Babbage gas field, has the potential to contain up to 180 billion cubic feet of gas in place. The 48/1a-5 well was suspended by Dana Petroleum and its partners in 2010 for potential re entry and future use as a gas production well.

The Possum structure is a Rotliegendes gas prospect, immediately adjacent to the Platypus gas field, with estimated resources of approximately 100 billion cubic feet of gas in place.

The operator, Dana Petroleum, holds a 45% stake and has secured a rig to drill a well on the Platypus / Possum complex scheduled to commence in Q1 2012. This well will be drilled horizontally through the Rotliegendes gas reservoir to confirm deliverability and is expected to be retained for use as a gas producer.

The Parkmead Group plc is pleased to have announced the acquisition of a stake in the Platypus gas field and the Possum gas prospect (the "Acquisition") earlier today. This Acquisition is an important step in Parkmead's first stage of its development to become a significant new independent oil and gas company.

In addition, the Group is now pleased to announce the provision of a loan to Parkmead of £8 million by Tom Cross, Executive Chairman of the Group, and entities affiliated to him (the "Loan"). The Loan will be utilised to satisfy the consideration for the Acquisition and for the ongoing development of the assets acquired, including drilling. It will also be used for funding general working capital and future corporate purposes. The Loan will have a tenor of two years, with an interest rate of 2.5 per cent. above LIBOR and it will be secured by a standard floating charge provided by the Group.

As previously announced, since the appointment of a number of high calibre oil and gas industry executives to the Parkmead team, the Group has been actively evaluating opportunities to build a portfolio of oil and gas assets in proven and frontier oil and gas basins. As part of this process, the Parkmead Board has also been assessing the optimum funding structure based on the nature and size of these opportunities. The Group is currently debt free. Given the size of the Acquisition and the requirement to complete it as quickly and efficiently as possible prior to the upcoming appraisal drilling, the "Independent Directors" (being the entire Parkmead Board except for Tom Cross) have concluded that the Loan from Tom Cross and entities affiliated to him is clearly the best option for the Group and for shareholders as a whole. It enables Parkmead to conclude the Acquisition rapidly and also to finance the subsequent exploitation of the assets being acquired, as well as augment the Group's existing working capital facilities.

Great news.

The Parkmead Group plc, a new independent oil and gas company, is pleased to report its preliminary results for the year ended 30 June 2011.

HIGHLIGHTS
* Proven oil and gas team recruited to deliver the Group's growth plans
* Acquisition of a strategic stake in the Platypus gas field and Possum gas prospect offering near term drilling and significant upside potential
* Joint venture created with DEO Petroleum plc, providing a strong and focused alliance for growth in the UK Central North Sea
* Revenue increased 58% to �3.75 million (2010: £2.36 million)
* Total Assets rose to �12.33 million at 30 June 2011 (£11.34 million at 30 June 2010)
* Cash balances of £1.3 million as at 30 June 2011
* The Group is now fully funded following the provision of a shareholder loan for £8 million
Parkmead's Executive Chairman, Tom Cross commented:
"The last year has been a period of strategic transformation for the Group. I am delighted to have become Parkmead's Executive Chairman and relish the opportunity to drive the business forward into an exciting new chapter of its development. 2011 has been a successful year and I believe we are now well positioned with the essential skills and resources to build a significant new independent oil and gas company.
I am pleased to report on Parkmead's improved operating capability for the year to 30 June 2011. The Group's Turnover and Gross Profit both increased substantially and Net Assets have also increased.
We remain focused on the pursuit of value-adding acquisitions, at both asset and corporate levels, in line with the Group's strategy. The Board is pleased to be able to report that our first asset transaction in our core target market was completed earlier this month. In addition, the Group is now fully funded for its forward programme of drilling activities and is well positioned to capitalise on further strategic opportunities."

StockMarketWire.com
The Parkmead Group plc is pleased to announce that it has signed an agreement with Sorgenia E&P (UK) Ltd. to acquire four stakes of 20% interest each in Blocks 47/4d, 47/5d, 47/10c and 48/6c in the UK Southern North Sea.

These four blocks contain the 47/10-8 gas discovery as well as the large Pharos gas prospect and several significant additional exploration targets. This acquisition follows Parkmead's recent deal which saw it enter the Platypus gas field and the Possum gas prospect, both nearby in the Southern Gas Basin.

It further highlights Parkmead's strategy of investing in North Sea fields and blocks where the Group's technical and commercial teams have an extensive working knowledge of the assets. The four blocks now being acquired, subject to the usual partner and regulatory approvals, are located in a prolific part of the Southern North Sea, between the producing Amethyst, Ravenspurn, West Sole and Hyde Fields.

Seems to be in a gentle upward trend. Lets hope it continues.

StockMarketWire.com
The Parkmead Group has completed the acquisition of four stakes of 20% interest each in Blocks 47/4d, 47/5d, 47/10c and 48/6c in the UK Southern North Sea from Sorgenia E&P (UK).

These four blocks contain the 47/10-8 gas discovery as well as the large Pharos gas prospect and several significant additional exploration targets.

From Barclays Stockbroking:
"This acquisition follows Parkmead's recent deal which saw it enter the Platypus gas field and the Possum gas prospect, both nearby in the Southern Gas Basin. It further highlights Parkmead's strategy of investing in North Sea fields and blocks where the Group's technical and commercial teams have an extensive working knowledge of the assets.

The four blocks now being acquired are located in a prolific part of the Southern North Sea, between the producing Amethyst, Ravenspurn, West Sole and Hyde Fields. Importantly, these licence areas are adjacent to Blocks 48/1a, 47/5b and 48/1c recently acquired by Parkmead and holding the Platypus field and the Possum prospect. Both Platypus and Possum are structural traps containing a Rotliegendes age reservoir, which is the dominant gas producing horizon in the Southern North Sea. The Pharos prospect is also a structural trap with the same Rotliegendes reservoir. The historical drilling success rate within this play has been very good. A discovery at Pharos could be jointly developed with the Platypus field, which is only some 14km to the north east of Pharos, and this would significantly increase the economic value of all three accumulations at Platypus, Possum and Pharos.

The operator, Dana Petroleum, holds a 50% stake and the joint venture group plans to drill the Pharos well in 2H 2012 or 1H 2013. The Pharos prospect is a large closure with a vertical relief of up to 600 ft, and an areal extent of up to 6,000 acres. The planned Pharos exploration well will be drilled in Block 47/5d, towards the boundary with 47/4d, on the north western end of the Pharos Structure. This structure has the potential to contain up to 500 billion cubic feet of gas in place."

Big push, now over 20p!

Incredible

Now 25p!!!

beware pump/dump syndrome on this one .... my own view is that it is still just a cardboard company

One day, hopefully in my lifetime, it will be as big as DNX or TLW. Just a matter of taking advantage of the bounces at the moment, but am happy to have a core holding for the future.

StockMarketWire.com
Parkmead has raised £8.53m, gross, through a placing of 60,960,182 new ordinary shares at 14p apiece.

The proceeds of the Placing, when added to the existing resource available to the company, will be used to finance the capital commitments of the company.

Interim Results for the 6 month period ended 31 December 2011
The Parkmead Group plc. is pleased to report its interim results for the six month period ended 31 December 2011.

Highlights
· First UK North Sea acquisition completed in November 2011 acquiring stakes in the Platypus gas field and Possum gas prospect with near term appraisal drilling
· Second North Sea deal agreed in December 2011, acquiring stakes in the Pharos gas prospect and four UKCS gas basin blocks
· Total assets rose by 8% in the six month period to £13.4 million at 31 December 2011
· Third oil and gas deal agreed in March 2012 (post period end). This will achieve first production for Parkmead through the acquisition of a portfolio of Netherlands onshore assets comprising four producing gas fields and two oil fields
· The Group is now fully funded for its future programme of appraisal and drilling, following the provision of a shareholder loan facility for £8 million and a successful equity share placing raising £8.53 million in March 2012.

Tom Cross, Executive Chairman of Parkmead commented:
"I am delighted to report significant progress towards building a new independent oil and gas company. This period has seen the delivery of strong commercial activity for the Group with the acquisition of assets well known to the Parkmead team in the UK North Sea. As we enter the second half of the financial year we have continued this momentum with the acquisition of the Company's first producing assets in the Netherlands, a very important milestone for the Group. In addition, Parkmead's technical team is well advanced with a number of applications for the ongoing UKCS 27th Licensing Round.

Parkmead's financial performance reflects the Group's transition into a new independent exploration and production company from its heritage as an investment company. During 2011 the Group invested in recruiting an experienced and proven team of exploration and production specialists to deliver the Group's growth plans. This investment in the team together with the securing of an £8 million shareholder loan facility in November 2011, and the recent successful share placing raising a further £8.53 million in March 2012, positions the Group very well for future growth.

Parkmead is now entering an exciting phase of its development, with near term appraisal drilling at the Platypus gas field and exploration drilling at the Pharos gas prospect. In particular, the ENSCO 80 drilling rig is due to spud at the Platypus gas field, located in the Southern North Sea, in early April 2012. We look forward to updating our shareholders with news on these projects and with our progress towards further commercial transactions."

Platypus Appraisal Well Commences in UK Southern North Sea

The Parkmead Group plc is pleased to report that the Platypus gas field appraisal well has begun drilling in the UK Southern North Sea.

The Platypus gas field, located in Blocks 48/1a and 48/1c, lies just 18km north north west of the West Sole gas field and 15km west south west of the Babbage gas field. The Rotliegendes gas accumulation at Platypus was discovered in 2010 by the Dana Petroleum plc operated 48/1a-5 well, which encountered 218 vertical feet of gas bearing sands and has the potential to contain up to 180 billion cubic feet of gas in place.

The drilling operation is being undertaken by Dana Petroleum as operator using the ENSCO 80 drilling rig. This well will be drilled horizontally through the Rotliegendes gas reservoir to confirm deliverability and is expected to be suspended for reuse as a gas producer. The other joint venture partners are First Oil Expro Ltd and CalEnergy Gas Ltd.

StockMarketWire.com
Parkmead Group has issued 2,857,142 ordinary shares following the exercise of options under the group's share option schemes.

StockMarketWire.com
Parkmead has agreed a £12.7m takeover deal for DEO Petroleum.

Under the terms of the acquisition, shareholders will receive two Parkmead consideration shares for each DEO share held.

Based on the price of a Parkmead share of 14.75 pence, the acquisition values the entire issued and to be issued share capital of DEO at approximately £12.7m , and each DEO Share at 29.5 pence.

The consideration of 29.50 pence for each DEO share represents a premium of approximately 40.5% over the closing price of 21.00 pence per DEO Share on 25 May.

a truly spiffing cardboard company