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Parkmead Group PLC - Netherlands and UK-focused gas explorer - Expects to release results for year ended June 30 before the end of November. Forecasts revenue of £14.8 million, up from £12.1 million the year before. The results will also reflect the non-cash write down of around £33 million associated with the relinquishment of the P588 and P2154 licences in the Perth area of the North Sea. A non-cash write down of around £13 million has been taken to reflect the planned relinquishment of licence P1293 (Athena area) following completion of abandonment operations offshore. Results will show updates on a number of positive developments within the renewable energy and oil and gas projects. Current stock price: 12.68 pence 12-month change: down 77% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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