Company
Parkmead Group
LON:PMG
The Parkmead Group is a specialist Investment Company. The Group's primary investment focus is in the Oil and Gas Exploration and Production sectors. The Parkmead Group invests in both E&P companies and licenses with a focus on the Middle East, Africa and Europe. The Parkmead Group is traded in the ISDX Exchange HERE
62 stories
Parkmead abandons Perth development in North Sea at £33mln cost
Problems arranging a floating platform and infrastructure hook-up had pushed up the costs
Parkmead eyes fast-track to production as rig mobilises for Netherlands wells
The explorer is expecting first results from the Dutch campaign by year's end
Parkmead increases stake in North Sea project as it advances exploration drill plans
“We are seeing renewed UK government interest in the North Sea, as it seeks to bolster energy security," said executive chairman Tom Cross
Parkmead Group ropes in Gneiss Energy to help find Greater Perth Area partner
'There is no need for further appraisal drilling at the project, and constituent fields have been flow tested up to 6,000 barrels of oil per day'
Parkmead gets Dutch gas boost as unhedged position pays off
Gas prices could remain elevated for the short to medium term, due to tight gas supplies in Europe, therefore it has chosen to remain 100% unhedged.
Archive
Ten Entertainment bowled over by unprecedented sales growth
A look at the major movers on the London market on Wednesday
The Parkmead Group swings to loss as revenue hit by record low gas prices
The company highlighted that gas prices had fallen from highs of around €25.7 per MWh in October 2018 to lows “not seen in over a decade” due to an oversupply of LNG in the European market as well as the impact of coronavirus
Parkmead turns its first annual profit in five years
Parkmead's executive chairman called it an “outstanding achievement” for the group, adding that the group plans to “build upon the inherent value in its existing interests with a balanced, acquisition-led, growth strategy”
If the North Sea is revitalised, what are the best options for investors?
A flurry of asset acquisitions, investments and new field start-ups are all signs that the North Sea "continues to be revitalised”.
Independent and small-cap oilers drive growth in the UK North Sea
The rise of these independent firms comes as the region has been progressively weaned off its dependency on multinational majors like BP and Shell
Parkmead posts 70% jump in full-year revenue, gross profit more than trebles
The AIM-listed, UK and Netherlands-focused firm saw its revenue increase to £7.0mln for the year ended 30 June 2018, up from £4.1mln a year earlier
Investments and investor services
Proactive Oil & Gas highlights: United, I3 Energy, Europa Oil & Gas, Echo, SDX Energy
It was another busy week for the market's oil and gas stocks.
AIM oilers add discoveries and new exploration projects in North Sea licensing round
The UK authorities has awarded 123 licences to 61 companies, and, several London listed companies are among the winners
Parkmead shares rise as it steps-up Greater Perth Area oil hub
We are delighted with the significant progress we have achieved with the Greater Perth Area project"
Investments and investor services
Parallel Media and Physiomics lead small cap market gainers
Some of the biggest risers and fallers in London on Wednesday
Parkmead Group says 2017 has been “an important year of progress”
“The group moved into gross profit as a result of increased gas production and the cost reduction programme in the UK,” Cross said in a statement
Angus Energy spikes higher after UK Oil & Gas Authority approves plan to drill and then produce Lidsey-X2 well
A look at some of the biggest risers and fallers in London today
Fruitflow dietary supplement group Provexis gets a boost
A look at some of the biggest London-listed risers and fallers today
Parkmead takes full ownership of North Sea gas exploration project
Parkmead plans to obtain new high-quality 3D seismic data ahead of making any drilling decisions.
Archive
Proactive news round-up: Solo Oil, UK Oil & Gas, AdEPT Telecom ...
A glance at some of the stories on the Proactive newswire today
Parkmead takes full control of West of Shetland exploration targets
Parkmead has taken all of the Sanda exploration prospects located in the Faroe-Shetland Trough, to north east of Hurricane Energy's Lancaster field.
Brokers queue up to laud The Parkmead Group
Parkmead's gas production acts as a natural hedge in this low oil price environment
Archive
Proactive oil and gas news - Parkmead Group Plc, San Leon Energy Plc, Hurricane Energy plc
A look at the week' s oil and gas news highlights.
Parkmead hails Dutch success and North Sea expansion
"Parkmead is well positioned to take advantage of the ongoing lower oil price environment," says chairman Tom Cross.
Archive
Proactive oil highlights: 88 Energy, Aminex, Hurricane, Rockhopper, Solo Oil and more...
The weekly round up of oil news from the world of Proactive.
Xcite Energy: A cautionary tale of 'above ground' issues in the oil business
WH Ireland analyst Brendan Long, in an interview with Proactive Investors, says Xcite has a “very high quality” asset, but, he explains how ‘above ground’ issues have undermined what was a strong proposition.
Exciting times for the North Sea’s Hurricane Energy, Parkmead and Jersey Oil & Gas
“The beginning of a return of confidence in the sector allows companies like StatOil to start making decision,” Long said as he discussed Jersey Oil & Gas's new farm-out deal.
Risers and fallers: Premier African, Sepura and Frontier IP
Premier African rose sharply after the company told investors it has started work on a 20-hole diamond drill project at its Zulu lithium project in Zimbabwe
This oiler has 50% upside, but what's driving the shares today?
Parkmead has increased proved and probable reserves to 27.9mln barrels of oil equivalent from 23.5mln.
FTSE 100 closes firm as jobs, commodities buoy stocks
The FTSE 100, London’s blue-chip ticker, closed firm on Wednesday, buoyed by solid jobs data in the wake of Britain’s decision to leave the European Union and a surge by miners on rising commodity prices
Hurricane Energy oil strike fuels hope of North Sea renaissance
Hurricane find highlights potential for smaller North Sea oilers
Archive
Proactive oil highlights: Canadian Overseas Petroleum, Egdon Resources, Haydale Graphene and more...
A round up of oil sector news from the world of Proactive.
Investments and investor services
Bullish Cantor sees over 200% upside for Parkmead Group Plc
Parkmead, Drax Group, Ladbrokes, and AG Barr feature in Friday's Broker Spotlight.
Parkmead doubles stake in two North Sea fields
The Polecat and Marten fields are approximately 20km east of the Buzzard field and close to Parkmead's large Perth-Dolphin-Lowlander (PDL) hub project in the Moray Firth.
Herencia Resources leads London pack higher
Chilean miner is biggest riser of the session as it sells silver-zinc-lead project
Investments and investor services
London shares climb as Greek hopes rise
The FTSE 100 opened with a slight dip then recovered 47 points to 6161
North Sea oil producers receive possible tax lifeline
London listed North Sea oil producers Parkmead Group and Ithaca Energy rallied after the budget.
Most followed: Audioboom Group PLC, Beales Ltd, Sweett Group PLC, Equiniti Group PLC ...
Also covered: Tyman, BHS, RapidCloud International
Oil prices to rise and industry set for M&A wave - broker
Cantor Fitzgerald believes oil prices will rise to US$75 a barrel in 2017
Investments and investor services
FTSE100 ends best week in a month higher
The FTSE 100 ended the day 8 points ahead at 6,338
FTSE 100 up as Imperial Tobacco lights up on bid talk
Rumours suggest BAT is trying to raise finance to buy Imperial Tobacco
Investments and investor services
Takeover talk boosts Imperial Tobacco but market dips
The Footsie was four points down at 6325 in morning trading
Parkmead sees first gas from Diever West after fast-track development
Diever West, which has tested at about 5,000 boepd, presents ‘a natural hedge’ against low oil prices, says Tom Cross.