"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'm neutral on Faroe, PMG on the other hand has plenty of assets to be getting on with and an income stream rather than investors to fund them. No divi but then no maiden profit as of yet... I'm not normally one to sit and follow a company but with the aggressive growth and Dana's Mr Cross who's showing he'd still hungry I have high expectations.

StockMarketWire.com
Parkmead, the UK and Netherlands focused independent oil and gas group, has raised about $66.0m via an oversubscribed placing of 15,686,275 new ordinary shares at 255p each.

The shares have been placed with certain institutional and other investors.

The proceeds, when added to the existing resources available to the Company, would be used to finance its on-going capital commitments and to explore certain opportunities, including:

- high-impact drilling to be accelerated at the Skerryvore oil prospect, with an exploration well being planned. Skerryvore is a multiple stacked target involving prospects at different geological levels. Skerryvore is one of the prospects identified from the UKCS 27th Licensing Round;

- Athena oil field workover operations are planned for 2014, which will require partner funding. The Directors anticipate that the workover operations will restore production to previous levels at Athena. Locations are also being discussed for a potential new production well on the Athena oil field to extend the life of the field;

- funding of further M&A activity. The recent acquisition of EWE's 20 per cent. interest in the Athena oil field demonstrates Parkmead's focus on value accretive deals. The Directors believe there are similar opportunities for Parkmead to target, and certainty of funding and balance sheet strength is key to success in negotiations;

- acceleration of Parkmead's exploration drilling schedule. High quality prospects exist within the portfolio, such as Skerryvore, Possum, Blackadder and Davaar. Parkmead's technical team made a number of significant discoveries whilst at Dana Petroleum plc with a high exploration strike rate. The award of 30 blocks spanning eight new licences in the UKCS 27th Licensing Round was an excellent result for the Company; and

- funding of work as Parkmead finalises its preparations for applications for new licences in the UKCS 28th Licensing Round, which opened for applications on 24 January 2014.

Result of General Meeting
The Board of Parkmead is pleased to announce that at the Company's General Meeting, held earlier today, all resolutions proposed were passed unanimously by shareholders.

The resolutions that were passed were specifically to authorise the issue of the 15,686,275 new Ordinary Shares being issued pursuant to the Placing, announced on 28 January 2014, which provides Parkmead with £40.0 million of financing.

Application has been made for the 15,686,275 Placing Shares to be admitted to trading on AIM. In addition, application has been made for 2,100,000 new Ordinary Shares to be admitted to trading on AIM, pursuant to the conversion by Tom Cross (Executive Chairman) of 2.1 million share appreciation rights ("SARS"), details of which were announced on 28 January 2014. Admission of both the Placing Shares and the new Ordinary Shares issued pursuant to the SARS conversion will take place at 08.00 a.m. on 14 February 2014.

Tom Cross, Executive Chairman of Parkmead, commented:
"The Board of Parkmead is delighted with the support that the Company has received from a number of high quality institutional investors in this oversubscribed fundraising. This important new funding has placed Parkmead in a very strong position with over US$66.0 million of funds, and enables the team at Parkmead to exploit the significant opportunities that exist within its current asset portfolio as well as taking advantage of corporate and M&A opportunities as they arise. The Board is looking forward to continuing the progress made over the last 12 months and considers the outlook for 2014, and beyond, to be very positive."

Interim Results for the six-month period ended 31 December 2013

Parkmead, the UK and Netherlands focused oil and gas group, is pleased to report its interim results for the six-month period ended 31 December 2013.

HIGHLIGHTS

Major Growth in Production. Significant Progress with Developments

· Completed the acquisition of Lochard Energy Group PLC, providing Parkmead with a substantial increase in production, revenue and cash flow

· Trebling Parkmead's oil production from the Athena oil field, by acquiring a further 20% interest from EWE VERTRIEB GmbH

· Continued progress with the Greater Perth Area. Joint development study ongoing with Faroe Petroleum plc covering the Perth, Lowlander and Dolphin oil fields

· Platypus Gas Field Development Plan (FDP), preparation underway

· Following the completion of the EWE acquisition, Parkmead's net oil and gas production will have grown by over 700%


Successful Exploration and Appraisal Programme

· New gas discovery made in the UK Southern North Sea by the Pharos exploration well

· Awarded five more oil and gas blocks in the UKCS 27th Licensing Round, resulting in a total award of 30 blocks across the North Sea, West of Scotland and West of Shetlands

· Work being accelerated on the high-impact Skerryvore oil prospect in the UK Central North Sea, with an exploration well planned

· Preparing multiple applications for new licences in the UKCS 28th Licensing Round


Strong Financial Performance delivering Maiden Profit

· Revenue increased by 395% to £9.9 million (2012: £2.0 million)

· Maiden profit before tax of £3.1 million (2012: loss £2.8 million)

· Total assets grew by 104% to £81.5 million at 31 December 2013 (2012: £40.0 million)

· Cash balances of £12.7 million as at 31 December 2013

· Post period-end, raised approximately £40.0 million (US$66.0 million), in an oversubscribed equity issue, to accelerate opportunities to develop the existing asset base and explore valuable M&A opportunities

· In advanced discussion with lenders regarding debt facilities to increase financial firepower and further strengthen the balance sheet

Parkmead completes acquisition to treble its stake in the Athena oil field

Parkmead is pleased to report that it has completed the previously announced acquisition of an additional 20 per cent. interest in UK production licence P.1293 (Block 14/18b ALL), containing the Athena oil field, from EWE VERTRIEB GmbH ("EWE").

Through Parkmead's acquisition of Lochard Energy Group PLC, completed in July 2013, the Company already holds a 10 per cent. interest in the producing Athena oil field. This acquisition from EWE has therefore trebled Parkmead's total stake in the field to 30 per cent. and the increased interest will provide the Company with significant growth in production revenues and operating cash flows.

The total consideration for the additional 20 per cent. interest is US$11.2 million. Following certain working capital adjustments, the final consideration payable by Parkmead to EWE will be satisfied by approximately US$2.679 million in cash and by the issue of 288,016 new Parkmead Shares to EWE.

Tom Cross, Executive Chairman of Parkmead, commented:
"This is Parkmead's most important deal to date, because it significantly strengthens the Group's oil and gas production base. The additional oil production from Athena will deliver major increases in revenue and cash flow at this exciting stage in Parkmead's growth".

StockMarketWire.com
Parkmead Group has swung to a FY pretax profit of £1.04m, from a prior-year loss of £5.3m. Revenue was £24.7m, from £4.1m. No dividend payment was recommended.

Executive Chairman Tom Cross commented:

"I am pleased to report another excellent year of progress. Parkmead has significantly increased its production base, providing major growth in revenue and cash flow. The Company has also recorded its first full year of profit, marking an important milestone.

"These key achievements have been delivered through two important acquisitions, one corporate and one asset, both of which secured increases to Parkmead's oil production. These new interests complement Parkmead's existing oil and gas portfolio.

"The Company also delivered successful drilling results with two new gas discoveries in the UK and the Netherlands, providing valuable near-term development opportunities. Parkmead was delighted to be awarded six new licences through the recently announced UKCS 28th Licensing Round, spanning nine attractive offshore blocks.

"Parkmead now has a strong platform from which to become a key E&P player in the North Sea, and we look forward to updating shareholders as we continue to grow into 2015 and beyond."

Successful Exploration and Appraisal Programme:

· Awarded five additional oil and gas blocks in the UK 27th Licensing Round, resulting in a total award of 30 blocks across the North Sea, West of Scotland and West of Shetlands

· Two new gas discoveries, at Pharos in the UK Southern Gas Basin and Diever West onshore the Netherlands

· Site survey completed at the exciting Skerryvore oil prospect in the Central North Sea, ahead of exploration drilling planned for 2015

· Post year-end, major licence awards in the UK 28th Licensing Round, gaining stakes in six new licences, spanning nine blocks across the Central and Southern North Sea

· The new licence awards take Parkmead's total number of oil and gas blocks across the UK and the Netherlands to 61, with 48 of these being operated by the Group

Major Growth in Production. Significant Progress with Developments:

· Completed the acquisition of Lochard Energy Group PLC ("Lochard") in July 2013, providing Parkmead with its first UK oil production

· Completed the acquisition of an additional 20% interest in the Athena oil field from EWE VERTRIEB GmbH ("EWE") in April 2014, trebling the Group's UK production, revenue and cash flow

· Excellent progress made with the Perth Dolphin Lowlander (PDL) oil hub project. Successful joint development study and detailed subsurface work leading to a combined three field development.

Numis reiterates buy on Parkmead Group, target cut from 262p to 210p.

StockMarketWire.com
Parkmead Group has swung to a heavy H1 pretax loss of £17.0m, from a year-earlier profit of £3.1m. Revenue was £10.1m, from £9.9m.

Executive chairman Tom Cross said the period was one of significant progress.

"Parkmead discovered a new onshore gas field at Diever West, in the Netherlands, which delivered excellent production flow rates, providing an additional near-term cash flow opportunity to the Group.

"Parkmead expects to treble the Group's net gas production in the Netherlands through a low-cost work programme during 2015. This will act as a natural hedge to the low oil price environment.

"Parkmead's new licence awards in the 28th Round were an outstanding result for our Company, with nine new offshore oil and gas blocks awarded to the Group. We were delighted with the awards located close to our large PDL development, as they have the potential to add significant value to the project. Contingent resources have increased by 142%.

"Parkmead is well positioned to take advantage of the lower oil price environment and the opportunities that are arising from this. We have significant cash resources, and a growing low-cost gas portfolio. The Group will continue with its licensing and acquisition-led growth strategy, securing opportunities that maximise value for our shareholders."

sorry to so comment harry, but what an awful chart
sp has scarcely broken 25/50 dma for about a year and all seems to be moving inexorably south

Yes, you are right. I kicked this into touch quite a while ago fortunately, but I still keep a watch. I think investors in North sea oilies were hoping that the latest HMG tax concessions would help to support the sp, but seems the price of oil is badly affecting the balance sheet.

PMO and TLW may be a bit iffy at the moment, but at least they're proper companies with real assets and production

Parkmead raises US$21.1 million to accelerate opportunities
Parkmead, the UK and Netherlands focused independent oil and gas group, is delighted to announce that it has raised approximately US$21.1 million (£13.44 million) through a placing of 11,200,000 new Ordinary Shares (the "Placing Shares") at 120 pence per share (the "Placing Price"). The Placing Shares have been placed with certain institutional and other investors (the "Placing").

The Placing, which has been undertaken by Charles Stanley Securities, is conditional, inter alia, on admission to trading on AIM of the Placing Shares ("Admission").

Background to and Reasons for the Placing
The Company has built a strong platform for future growth and has been actively executing its accelerated strategy to become a key E&P player in the North Sea.

The last 18 months have proved to be an excellent period for Parkmead, one which saw strong progress across the Group's growing oil and gas portfolio. In the Netherlands, a new onshore gas field was discovered at Diever West and the discovery is expected to be tied into existing facilities by the end of 2015 under a fast track development programme. A number of enhanced production opportunities are available across Parkmead's existing Netherlands portfolio which the Company intends to capitalise on, with the aim of significantly increasing its net gas production.

·

StockMarketWire.com
Parkmead Group confirms that first commercial gas production has been achieved at the Diever West gas field in the Netherlands. However, the company also unveiled a FY pretax loss of GBP30.8m, from a profit of GBP1m.

The Diever-2 discovery well was flow tested at 29 million cubic feet per day (approximately 5,000 barrels of oil equivalent per day).

Overall, Parkmead said its reserves and resources were increasing:
· Considerable 2P reserves of 26.1 million barrels of oil equivalent as at 30 June 2015

· Contingent resources increased by 129% to 41.9 million barrels of oil equivalent as at 30 June 2015 (18.3 million barrels of oil equivalent at 30 June 2014).

per post 212 .....
is this cardboard to cardboard, dust to dust, ashes to ashes?

Pretty dire, I must admit.

Panmure Gordon today reaffirms its buy investment rating on Parkmead Group (The) PLC (LON:PMG) and cut its price target to 95p (from 249p).

StockMarketWire.com
Parkmead has substantially narrowed its H1 pretax loss to GBP4.6m, from a loss of GBP17.0m. Revenue fell to GBP6.99m, from GBP10.12m. The comparative period included GBP12.9m of property, plant and equipment impairment.

Executive chairman Tom Cross commented:
"Parkmead has developed a new gas field at Diever West, in the Netherlands, following its successful discovery. This is delivering profitable gas production and important additional cash flow to the Group.

"We successfully brought this new gas field onstream within 14 months of discovery, which is an outstanding achievement.

"Parkmead is increasing the Group's overall gas production in the Netherlands through a low-cost, onshore work programme. This will act as a natural hedge to the current low global oil prices.

"We are delighted with our new additional licence award, in the West of Shetland region, which further increases the scale of Parkmead's oil and gas operations in the UK. West of Shetland is an area we understand well and has the potential to add major value to the Company.

"Parkmead is well positioned to take advantage of the lower oil price environment and the opportunities that are arising from this.

"We have excellent regional expertise, significant cash resources and a growing, low-cost gas portfolio. The Group will continue with its licensing and acquisition-led growth strategy, securing opportunities that maximise long-term value for our shareholders."

finnCap today initiates coverage of Parkmead Group (The) PLC (LON:PMG) with a buy investment rating and price target of 80p

i keep saying so, but this company is and always has been a load of junk