"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.

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. "

and market says, so what and sp drifts lower again

Were on our way..!

up 10%.

Yep. Have got back in as looks like it's happy to settle at around 22/23p.
News needed now to make things happen.

ONE IN ONE OUT

I took advantage of the spike this morning to sell, over 20% profit on just over 2 weeks was too much to miss again. As is very volatile I thought that I will be able to get back in at a lower price.

But will have to wait and see if is true

Been a while since anyone posted.

Sideways trading as predicted. News from T.C. required now to get this moving.

21.375p ( 21.25 / 21.50p )

Had a good retracement and on a small spread, looks ready for a move higher on a very good Level 2 of 3 v 1

Has gone under the lower Bollinger Band, so I bought in again

Me also at 22.2p

HARRYCAT

By the price you paid, it seems you bought early on the afternoon, I did close to the end of the day on the second move up from the 21 / 21.50p low of the day.

Hopping that the 61.8% fibonacci retracement works like the 78.6% earlier

My actual price was 0.219 (at 12.30), but my intention is to build up a stake in PMG. I will then hold that stake but buy other small amounts to trade the bounces. I still think that the next announcement from TC will get the sp going again.

20.50 / 21p - 0.75p

it looks ready for a change on the level 2

the low was 20 / 21p

Was that a seller or MMs wanting to bring down the share price further?

I top up with some more this time T+20

All MMs on the blue now on the level 2, as the bid goes to 21p with 4 MMs
offer at 22.50p with 3 MMs

signs of the bottom has been reached now.