"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.

Great start to the day.

it is indeed, but shall merely watch with interest as i truly do not think this is any better than a share for fast trading .... at the moment, all that looks to be supporting it is hype and PI greed

I would expect this bounce to run out of steam, as the fundamentals haven't changed at all. Good trading stock atm, but not really a hold imo.

cynic and HARRICAT

the pair of SODS are from the same family TREE, not idea of NOTHING ( both negatives yes) ( no and nothing )

with which bits of post 82 and 83 do you actually disagree and why? .... or is it that you cannot bear others having a different view from you - just like MRSI

Who is a clever boy?
not the old boy --- cynic -

cielo - 07 Jan 2011 16:07 - 63 of 84
Had the retracement (a very large one), now is time to go to the broker for some 20.75p to 21p to pay

It's just a tradeable bounce, imo (unless another RNS is released). Take it or leave it. Try being less abusive and I will respond to your posts, otherwise I will just ignore you.

re - at the moment, all that looks to be supporting it is hype and PI greed at the moment, all that looks to be supporting it is hype and PI greed


Talking about greed ( you are full of it - cynic - ) now just jealousy, cos you are not holding
maybe you should look at the family tree

Mr. Tom Cross went further than the published RNS to give a detailed figure of Nightwish's holding.

It must mean something,....... like we are working on ABC and if you sell more ( Nightwish ) you will be missing on the potential upside

harry - leave "blue sky" to be abusive to whomever he wishes ..... as i said; he's like MRSI and cannot abide others with a different view .... patently i agree with you, though i probably shan't even try to trade this one ..... meanwhile, it's good to see XEL making us all bundles of dosh!

Early talk somewhere else >>>>>>>>>>> looking for a miracle


08:58 Finally in. czubaboy 1
was promised a miracle by trusted friend.....lets see if we are still friends come the end of the month!!!

09:03 Re: Finally in. rory uk
What was the miracle?

09:50 Re: Finally in. czubaboy
50% upside within 4 weeks! Amen! I had spare 10k so quite happy to leave it all year if it has to be and after seeing what he has put in i feel quite safe.
we shall see,

Receipt of Deferred Consideration
The Company reports that it has today been paid the full deferred cash consideration of 1,969,449.55 owed to it by Mr D Mills pursuant to the Company's disposal of Quayside Corporate Services Limited to Mr Mills in 2007.

Receipt of this payment satisfies in full the consideration due to Parkmead by Mr Mills.

I'm no oiler far from it but this is looking a fabulous investment .

Thomas Cross - Executive Chairman
"The Board has established a Remuneration Committee whose Chairman is Tom Cross"
"The Board has established an Audit Committee, whose Chairman is Tom Cross."

Total control at the top!!!

Continuing with the rise, though from time to time MMs are trying to shake the market, but so far the bounce is consolidating

Good rise this afternoon and back were it belong at this stage 25p+

A few days ago there was plenty of speculation about the deals ahead ......


Parkmead/Faroe talks? WSJ

EDIT: found rest of article - 'Observers speculated that KNOC might wish to sell its stake in Faroe, possibly to Dana founder Tom Cross's Parkmead Group PLC (PMG.LN), but Stewart said its new shareholder is supportive.'

Link: http://online.wsj.com/article/BT-CO-20110112-708485.html

A superb day.

spifflicating even = unchanged!

Just as a reminder that PMG have a 2.51% stake in Faroe Petroleum:
"Faroe Petroleum - FPM LN
FPM has been awarded three new licences offshore Norway, adding to its total of 40 licences in Norway, the UK and West of Shetlands. The group has been awarded 30% of PL475 which contains the northern and southern extension of the Maria discovery. FPM has also been awarded 30% of PL590, also located north of Maria. Licence PL592, FPM 50%, is north of the Fogelberg discovery. Whilst there is unlikely to be short-term news in terms of drilling on these licences, they certainly add to the group's growing Norwegian portfolio. Biggest short-term news for FPM continues to be the drilling of the huge Lagavulin prospect West of Shetlands, which is due to complete next month. FPM has a 10% stake in the 500m barrel prospect, potentially worth around 90p/share. FPM has a great portfolio of exploration assets and promises to be one of the busiest E&Ps over the next 18 months - I'd still be buying it. "