"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.

Broker comment today:
Parkmead�s shares have already shot up from 1.5p to 6.75p since Cross's appointment was announced, but the firm is still a fledgling worth �36m with an oil advisory business and a handful of investments including a 2.5pc stake in North Sea oil and gas company Faroe Petroleum.
Cross is undeterred. �The great thing about it is that the platform is much stronger than Dana was at the same stage, he says. We should be able to increase the value there and do deals pretty quickly.

They've advised the World Bank, the European Commission and governments from Angola to Australia and Norway to New Zealand as well as more than 50 major oil companies. We will now seek to build exploration and production assets into the company. Until now, it�s been advisory and about passive investments.�
Cross is looking at the North Sea again, along with West Africa and later the Middle East for Parkmead and remains a great enthusiast for British oil. �I think the North Sea is misunderstood by a lot of people,� he says. �There's huge potential still there.

StockMarketWire.com
Oil sector advisor Parkmead Group said Tom Cross has taken up the post of executive chairman today (November 9) following the retirement of Colin Goodall.

The group has also become a member of BRINDEX, the Association of British Independent Oil Exploration Companies.

Parkmead is looking to grow from the current investment and advisory business and build a portfolio of exploration and production assets.

going "full throttle up" news coming?

do your group (and you) rate this company then?
certainly heavy traffic here today, notable because the markets generally are very snoozy
poxy MM only stock though and only 4 x MM too

ah .... perhaps news due from FPM in which PMG hold 2.5% stake

A friend of mine follows this one closely, so will make a phone call & try & find some info. Not one I currently hold, but came to me highly recommended at 6p, hence the thread. Think I may have missed the boat!

my thoughts too

It seems the current strength in this stock is mainly based on the support for the dynamic Mr. Tom Cross and also the fact that PMG have a stake (currently 2.51%) in Faroe Petroleum (FPM). Otherwise it seems that it is probably over valued atm. Not forgetting that Cross is ex-Dana Petroleum though, he seems to carry a huge amount of kudos in the oil exploration industry. Once they start on the aquisition trail though, I would expect this to do well. Worth watching & trading the peaks & troughs, imo. However, talk of fund raising in the not too distant future could be an argument for 'wait & see'.

Thanks for bringing this to my attention Harry.

No problem.
It is heavily 'discussed' on the iii website, though with varying degrees of credibility.

RNS appointment of two new directors formerly with Dana, we should hear of progress to become an E&O oilie fairly soon.

I think my 'Wait & see' strategy has been well & truly scuppered!!!

cynic going like a train!

it is indeed hali, but not entirely sure why to buy ...... one could argue too far too fast or conversely, follow the momentum

Mostly based on the expertise of 3 x ex-Dana Execs. Lets hope they can deliver.

so surely all hot air as it stands and/or little better than BPC?

Plus 2.5% of Faroe.
Word is, however, that these guys are some of the best in the business, so expectations are very high.

hmm ..... my gut feeling in that case is currently too far too fast ..... think i'll just watch for now and perhaps buy a few when they have a couple of bad days

StockMarketWire.com
Parkmead Group shares jumped a further 20% today. Over the last three days the share price of the oil and gas group has soared 78%,up from 10.25p.

Interest in the shares has been high ever since it was announced on 9 November 2010 that Tom Cross, the ex-boss of Dana Petroeleum would be taking over as Executive Chairman.

After 16 years, Aberdeen-based Dana Petroleum was sold to the Korea National Oil Corporation for 1.9bn and Tom Cross has already stated that he is looking to use Parkmead to build up a portfolio of exploration and production assets.

Mr Cross is believed to be pursuing two potential acquisitions and investors clearly believe that he can repeat the success he enjoyed with Dana and have jumped on the Parkmead bandwagon.

Two of his fellow former Dana Petreolum Directors, Philip Dayer and Ian Rawlinson, were brought on to the Board of Parkmead two days.

Harry we are out at 18.5p market cap at over 110m too rich for us.