"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.

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

That's probably what they said when the Wright brothers decided to go public with their idea. Now we can send 'flying machines' to the outer planets of our solar system! ;o)

There seems to have been a robbery getting DEO at the price they did.

DEO operates the Perth oilfield with a 52 per cent interest, giving it access to net recoverable reserves of 21.5 million barrels.

That equates to under a US$1 a barrel in the ground.

Hardley a cardboard company Cynic with Tom Cross at the stern grabbing bargains like that.

One to keep an eye on with weakness in the SP

mark - plenty of weakness already in sp .... perhaps the market is trying to you (all) something

Seems to me you are buying into Tom Cross - at Market capitalisation of £89m ?

I agree with Cynic - keep out and wait for company to establish itself with a steady profit stream and better valuation. Too much risk here for me !

Hopefully FPM's recent success will reflect a little here as PMG have a 2.5% stake in FPM.

Like all the other chav comps that rocketed in value from a penny or two for no other reason that it became a ramper's paradise, PMG will return to previous levels in the next twelve months or so.

I hope your 'chav Co's.' are higher in the pecking order than cynic's 'spiv Co's.?'

Strong Results from Platypus Appraisal Well in UK Southern North Sea

The Parkmead Group is pleased to announce strong results from its Platypus gas appraisal well in the Southern North Sea, which recorded a test flow rate of 27mmscf per day on a 96/64" choke.

Well 48/1a-6 was spudded on 11 April 2012 with the Ensco 80 jack up drilling rig. The well reached a total measured depth of 14,175 feet on 19 June having successfully drilled a 3,100 foot horizontal section within the reservoir. A Drill Stem Test was successfully completed on 23 July and the well is being suspended for use as a future production well.

The Dana-operated Platypus gas field is located in Block 48/1a in the UK Southern North Sea. It was discovered in 2010, when the Dana-operated 48/1a-5 well encountered significant gas bearing Lower Leman Sandstone reservoir.

Parkmead holds a 15% interest in the Platypus gas field. Other partners in the venture are Dana Petroleum plc (Operator 59%), First Oil Expro Ltd (11%) and CalEnergy Gas Ltd (15%).

Tom Cross, Executive Chairman of Parkmead, commented:
"We are delighted to report successful and conclusive results from Parkmead's first well in the North Sea and will be working with our partners to move ahead with the development of the significant gas field at Platypus. This is a very exciting time for Parkmead as the Group's oil and gas portfolio continues to grow rapidly, giving Parkmead a balanced asset base of production, development, appraisal and exploration opportunities."

Parkmead Completes Acquisition of Portfolio of Netherlands Onshore Assets

Parkmead is pleased to report that it has completed the acquisition of a portfolio of Netherlands onshore assets from Dyas B.V. for a total consideration of €7.5 million, as previously announced on 8 March 2012, comprising interests in four producing gas fields and two oil fields. These Assets specifically comprise:

§ A 15 per cent interest in the Andel V Production Licence, including the two producing gas fields at Wijk en Aalburg and Brakel, as well as the Ottoland oil field development;

§ A 15 per cent interest in the Papekop Production Licence, including the Papekop oil field development; and

§ A 15 per cent interest in the Drenthe III Production Licence (excluding Vinkega) and the Drenthe IV Production Licence, which together include the two producing gas fields at Geesbrug and Grolloo.

The consideration for the Assets comprises an initial cash payment of €4.5 million for the acquisition of the interests and a contingent payment of €3 million, payable on the first commercial sale of oil from the Papekop field development.

Sanction of Scheme of Arrangement and Reduction of Capital

On 28 May 2012, the boards of Parkmead and DEO announced that they had reached agreement on the terms of a recommended acquisition of the entire issued and to be issued ordinary share capital of DEO by Parkmead (the "Acquisition"). It is intended that the Acquisition will be implemented by way of a Court sanctioned Scheme of Arrangement under Part 26 of the Companies Act 2006 (the "Scheme" or "Offer"). The Acquisition involves a reduction of capital of DEO under section 641 of the Companies Act 2006. The Scheme Circular, containing the terms and conditions of the Scheme, was posted to DEO Shareholders of 25 June 2012 and the Scheme was approved by the requisite majority of the holders of Scheme Shares on 18 July 2012.

Parkmead and DEO are pleased to confirm that the conditions set out in Part 3 of the Scheme Document have either been satisfied or waived. Parkmead and DEO are pleased to announce that the Court has today sanctioned the Scheme and confirmed the Reduction of Capital. It is expected that the Scheme will become effective tomorrow, 9 August 2012, and that the listing of the DEO Shares on AIM will be cancelled and that the DEO Shares will cease to be admitted to trading on the London Stock Exchange by no later than 7.00 am GMT on 9 August 2012.

15th Oct 2012

Spaniards East Well Begins Drilling in UK Central North Sea
Parkmead, the independent oil and gas company, is pleased to announce that the Spaniards East exploration well has commenced drilling, using the Will Phoenix semi-submersible drilling rig. The Spaniards East prospect is located on Block 15/21a, east of the Spaniards oil discovery and close to the producing Scott oil field and the Parkmead operated Perth oil development in the Central North Sea.

The Spaniards oil discovery was made in 1989 by well 15/21a-38z, which flowed at a rate of 2,660 barrels of oil per day on test. The Spaniards East well, which is targeting Upper Jurassic reservoirs, is expected to take around 40 days to drill and is aiming to test the down-dip oil reserves potential some 1.2 kilometres to the east of the Spaniards discovery well. It is not planned to test the well.

The drilling operations are being undertaken by Premier Oil on behalf of the joint venture group. The other joint venture partners are Serica Energy, Cairn Energy, Faroe Petroleum, Maersk Oil and Atlantic Petroleum. Parkmead has a free-carried interest of 12.624 per cent. in the Spaniards East well and therefore Parkmead will not be required to make any cash contribution to the dry-hole cost of this well.

I think news on above drilling may be imminent, based on the recent increase in the PMG & PMO sp's.

Admission of Placing & Conversion Shares
The Board of Parkmead is pleased to confirm that the 157,755,101 new Ordinary Shares being issued pursuant to the Placing and the issue of the Conversion Shares, announced on 18 December 2012 and following yesterday's General Meeting, have this morning been admitted to trading on AIM.