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Parkmead Group PLC - Netherlands and UK-focused gas explorer - Ups its stake in the Skerryvore project in the UK Central North Sea to 50% from 30%. Continues as operator at the licence. Also receives approval from the North Sea Transition Authority to enter the next phase of this licence, with agreement to drill the high-impact Skerryvore prospects. The planned well will target the main stacked exploration prospects which studies indicate could contain 157 million barrels of oil equivalent in the P50, in the most likely case, Parkmead says.
Current stock price: 59.00 pence
12-month change: up 11%
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