"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.

StockMarketWire.com
Parkmead Group has increased its stake in the Perth and Dolphin oil fields in the UK Central North Sea.

The Perth and Dolphin fields are located across Blocks 15/21a, b, c and f & 14/25a in Licences P.218, P.588 and P.2154.

Through this growth step, Parkmead has increased its equity in these licences to 60.05%. The Perth and Dolphin fields, which are both operated by Parkmead, are at the core of Parkmead's major Perth-Dolphin-Lowlander (PDL) oil hub project.

Perth and Dolphin are located in the prolific Moray Firth area of the UK Central North Sea, which contains significant oil fields such as Piper, Claymore and Tartan.

Through a series of licensing round successes and strategic acquisitions, Parkmead has established an important position for itself in this area of the North Sea.

Perth and Dolphin are two sizeable Upper Jurassic Claymore sandstone accumulations that have tested 32-38o API oil at production rates of up to 6,000 bopd per well.

As a result of this latest move, Parkmead has increased the Group's total proved and probable (2P) reserves by 19% from 23.5 to 27.9 million barrels of oil equivalent.

This transaction follows Parkmead's recent acquisition of an additional 50% equity in the Polecat and Marten fields, announced on 10 August 2016.

Polecat and Marten have the potential to be highly valuable to Parkmead as, given their close proximity to PDL, they could be jointly developed as part of the Greater PDL Area project.

StockMarketWire.com
Parkmead Group has materially reduced its FY pretax loss to £6.4m, from a year-earlier loss of £30.8m.

Revenue was £10.4m, from £18.6m. The prior year was affected by £39.4m for cost of sales, versus £15.1m in the just-ended leg.

"I am pleased to report an excellent year of progress for Parkmead, despite the challenges of the low oil price environment," said executive chair Tom Cross in a statement.

"Parkmead discovered and brought onstream a new gas field at Diever West, in the Netherlands, within just 14 months. This field is delivering profitable gas production and important additional cash flow to the Group.

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

"The Group's reserves and resources have significantly increased in 2016 through two licence acquisitions. Parkmead has strengthened its position around the important PDL oil hub in the UK North Sea.

"Our new licence awards in the 28th Round were an outstanding result for Parkmead, with 10 new offshore oil and gas blocks awarded to the Group. We are delighted with the new award in the West of Shetland region targeting two prospects, Sanda North and Sanda South. 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 ongoing 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 to build upon the inherent value in its existing interests with a licensing and acquisition-led growth strategy, securing opportunities that maximise long-term value for our shareholders."

finnCap today reaffirms its buy investment rating on Parkmead Group (The) PLC (LON:PMG) and set its price target at 81p.

and i retain my view that this company is absolute rubbish, as borne out by the 5-year chart below

StockMarketWire.com
The Parkmead Group has marginally narrowed its H1 pretax loss to £4.5m, from a loss of £4.6m, although the underlying composition of that loss varied considerably between the periods.

"I am pleased to report significant progress in the period to 31 December 2016," said executive chairman Tom Cross.

"We have increased gas production from Parkmead's low-cost Netherlands portfolio through an onshore work programme, which has resulted in Parkmead moving into gross profit. This is an outstanding achievement for Parkmead at a time when global oil prices have remained low."

Revenue was down more than half to £2.7m, from £6.99m. It made a gross profit of £672,000, versus a gross loss of £4.1m. Cost of sales totalled £2.0m, from £11.1m.

In the just-finished period exploration and evaluation expenses totalled £2.4m, from £550,000. Administrative expenses were £2.4m, from a credit of £347,000.

Looking ahead, Cross said Parkmead was well positioned to take advantage of the ongoing lower oil price and the opportunities that arose from this.

"We have excellent regional expertise, significant cash resources, and a growing, low-cost gas portfolio.

"The Group will continue to build upon the inherent value in its existing interests with a licensing and acquisition-led growth strategy, securing opportunities that maximise long-term value for our shareholders."

all above fully reflected in sp and performance over last 5 years

Ah, but fortunately the market is forward looking! ;o)

but not necessarily PM!

StockMarketWire.com
The Parkmead Group has nearly doubled its stake in the major Sanda North and Sanda South structures in the West of Shetland area of the UK North Sea.

These two large Palaeocene prospects were both located within Block 205/13.

Through this accretive step, Parkmead has increased its equity in the licence from 56% to 100%.

The Sanda North and Sanda South prospects, which were both operated by Parkmead, had the potential to contain 280m barrels of recoverable oil on a most likely, P50 basis.

It said the licence covering Block 205/13 was originally awarded to Parkmead as part of the UKCS 28th Licensing Round, where it was awarded a total of six new oil and gas licences covering 10 offshore blocks.

Block 205/13 was situated in the Faroe-Shetland Trough in the West of Shetland region of the UK North Sea, to the north east of the Lancaster field.

StockMarketWire.com
The Parkmead Group has signed a sale and purchase agreement with Verus Petroleum (SNS) Ltd to acquire a 50% interest in UK North Sea Licence P.2209, taking its equity to 100%.

The licence contained the Farne Extension prospect and a further four prospective leads. Licence P.2209 comprised two adjacent blocks, Block 42/19 and Block 42/20b.

Parkmead currently said it had held a 50% interest in the licence, and "therefore this acquisition doubles Parkmead's equity to 100%."

The collection of prospects and leads within the licence, which was operated by Parkmead, had the potential to contain 175bn cu ft of gas initially in place on a most likely, P50 basis.

Completion of the acquisition was subject to normal regulatory approvals.

StockMarketWire.com
The Parkmead Group said annual losses narrowed after it focused its efforts on lower-cost operations in the Netherlands.

The company booked a net loss of £4.9m, narrowing from a £6.7m loss a year earlier.

Revenue more than halved to £4.1m, down from £10.4m, after the company shut-in its Athena oil field as part of a cost reduction programme.

Parkmead re-allocated capital to its low-cost producing gas fields in the Netherlands, helping to lower its cost of sales to around £3m, from around £15m.

"The directors of Parkmead are pleased with the group's continuing progress in building an energy company of increasing breadth and scale," executive chairman Tom Cross said.

"Parkmead has a balanced portfolio of licences, growing gas production and a strong oil and gas reserves base. Therefore, we believe Parkmead is well positioned to build further on the progress to date and to capitalise on new opportunities."

annual revenue £4.9m?????
what a joke of a company

StockMarketWire.com
Parkmead said it had upped its equity stake in the Perth and Dolphin oil fields in the UK central North Sea to 100% from a previous holding of around 60%.

The company also signed an agreement with Nexen Petroleum, a subsidiary of the China National Offshore Oil Corporation, to conduct a detailed engineering study.

The study would examine a potential subsea tie-back of the Greater Perth Area project to the Nexen-operated Scott platform and associated facilities in the UK central North Sea.

The Scott facilities lie some 10km southeast of Parkmead's GPA project

StockMarketWire.com 29.03.18
Parkmead, the UK and Netherlands-focused independent energy group, doubled its gross profit in the six months to 31 December 2017 to £1.4 million.

This was driven by increased gas production in the Netherlands and a cost reduction programme in the UK.

Revenues were flat at £2.7 million.

The group's gas portfolio in the Netherlands generates positive cash flows and Parkmead's four separate gas fields have an average operating cost of just US$10 per barrel of oil equivalent. Technical work undertaken across the wider Parkmead portfolio has allowed the company to release non-core acreage, such as licence P. 1566, considerably reducing licence costs.

Administrative expenses were £0.3 million, down from £2.4 million a year ago.

Parkmead's total assets at 31 December 2017 were £75.8m (2016: £84.0m). Available-for-sale financial assets were £4.1m (2016: £4.0m). Cash and cash equivalents at year end were £24.4m (2016: £26.7m).

The group's net asset value was £65.2m (2016: £70.1m).

Parkmead's executive chairman, Tom Cross, said: "We are delighted to have significantly increased production at the Diever West gas field, which builds Parkmead's cash flow. New reservoir modelling indicates that Diever West could be more than double the size originally expected.

"We are also pleased with the major progress made with the Greater Perth Area project. By increasing our stake in the Perth and Dolphin oil fields, Parkmead's oil and gas reserves grow by some 67%."

Strengthening oil price helping all of these producers.

the chart on #245 tells a much more accurate picture

there are currently reasons to buy some of the E&P oilies - eg PMO - but PMG is and always has been a cardboard company

invest more wisely!

You mean digest more whisky....!.....try Rockhopper guys..(RKH)....heck of a lot of positive updates coming perhaps....sp is rocketing....

Parkmead awarded nine new UK oil and gas blocks

Diever West production reaches record new high

Parkmead, the UK and Netherlands-focused independent energy group, is delighted to announce it has been provisionally awarded nine offshore blocks and part blocks spanning five new licences in the UK 30th Licensing Round.

These newly awarded licences will all be operated by Parkmead and are located in the Central North Sea, Southern North Sea and West of Shetland areas. Two of the new awards cover the highly prospective Skerryvore area and contain seven new prospects, three of which are stacked. The awards also include acreage containing the Lowlander oil field, in close proximity to Parkmead's Greater Perth Area ("GPA") oil hub project. The addition of Lowlander increases Parkmead's 2C resources by 29% to 95.3 million barrels of oil equivalent ("MMBoe").

These awards, which include a range of new exploration prospects, in addition to a number of proven discoveries, follow on from Parkmead securing nine new licences covering a total of 12 offshore blocks in the UK 28th Licensing Round awards.

StockMarketWire.com
Oil and gas producer Parkmead Group reported a deeper annual loss after it almost doubled spending on exploration.

Pre-tax losses for the year through June amounted to £5.9m, compared to £4.3m of losses on-year.

Revenue rose 70% to £7.0m and gross profit, which strips out exploration spending and other costs, more than tripled to £4.1m.

Production at the Diever West gas field in the Netherlands was enhanced, the company said, and achieved a new gross average monthly high in May 2018 of 56.9m cubic feet per day.

what a joke of a cardboard company this is .... yet another where lemmings were foolishly sucked in at the outset