Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I wonder if Mary Mullins is still invested.
She was extremely knowledgeable about the oil industry and a valuable contributor to the board.
Hope to see consolidation this week
I think Tom Cross is why most invested here early on. Despite the share price not reflecting it he has done a brilliant job here putting together some major assets and funding the growth And management with retained profits from the Dutch fields. Those Dutch fields are also highly prospective and likely to offer considerable upside in themselves in the near future. Lots of work going on there imo. The market has disagreed with the purchase of Tipperty, and although related party transactions can look dodgy it was not a bad deal and shows prescience by TC with regard to net zero and exposure to renewables. He thinks big and it takes time to create big in this industry. Investors lack patience except for the minority who I hope reap some amazing rewards here. Can easily see PMG being a large mid cap player that will make the likes of rock rose and Kistos seem small time. Excited for next week but happy to wait as long as it takes for value to out here.
Good times bad times have all construed to how Parkmead
have rode the last 11 years of economic crisis. I've also been in since 2010 and currently breaking even after buying on dips, I have never given up hope as Tom stated at the AGM 2019 he has invested all his Dana money in Parkmead. Which was a good enough sales pitch for me.
GLA looks like the rise will continue !
As things finally appear to be progressing I will be judging T.C. on what he will eventually achieve not how long it has taken him.
Have held my shares since 2010 so the saying " patience will be rewarded" looks like it is going to apply in P.M.G.'s case.
The sleeping giant is stirring!
GLA
2 large purchases today
Won’t be renewables related
Interesting to see how it opens Monday
Late reported but from this morning. Certainly something has changed. Hopeful of news!!
great opportunity to build on this 50p level now here imho.. as it's such an unstretching valuation.. we just need to get this rally continuing on in early next week and then hopefully some herd involvement will kick in .. and then we could be at 70 or 80p before we know it..
Here's to onwards and upwards here this time...instead of another false start... very please..
Good w/e all !
Also added today - PMG unrated.
I added to my position earlier today.
Think this is following the upbeat oil & gas market currently, but any good news could send this much higher. Closing above 50p will be bullish for next week. Hopefully long term patient holders will be rewarded.
No sign of auction yet !
Moving now
Trades going in
News upon us
Expected news this week
Chart breaking out
See what trades print later
Huge 101000 buy this morning !
Looking good going forward.
mrc_mrc_mrc_mrd,
From what I can gather 1MWh is equal to 3412 cubic feet.
So, our 2,460,000 cubic feet of production equals 721MWh.
If we take the €18 per MWh quoted for Q1 2021, I make that €12,978.
So, in sterling thats just over eleven grand per day
by my reckoning.
Do you agree?
Hi mrc_mrc_mrc_mrd,
We only hold 7.5% of our major producing asset Diever West, licence details can always be found in the annual report, page 18 if I am not mistaken.
Gross production for the 6 months to Dec 31st 2020 was 32.8 million standard cubic feet per day, approximately 5648 boepd.
Net to us I make that 2.46 million cubic feet per day or 424 boepd.
It is a trickle.
However, it is a trickle that has kept us afloat whilst the company tries to attract a partner for GPA.
Good luck
I did think that SQZ would be running the slide rule over PMG, but seems from the Herald gossip this morning, PMG is a tad to small. Still my holding here is back in the black once more. GLA.
I have been trying to work out how much gas we produce. Seems only the gross figure is stated in the AR.
Assuming we have 15% of everything we could be pulling in 18 million euros a year at 36 euro per megawatt hour.
Gross production is approx 9000MWh per day.
Still, it’s decent and we could see an operating profit of close to £10 million a year if these prices are a new normal.
Nothing imminent over the dog days of summer
GPA hub not GOA. That comes in and we are in multiple pounds not pence.
No problem Frac. Good to have you on board. It’s been a very lonely experience to be a PMG investor!! No one talking about it but that is often a good buy signal. I am fully loaded. No more funds to commit and have been for years. Several ISAS full and a big chunk of non ISA d shares. Happy to wait patiently but equally keen for other investors to join for the ride as Ia am sure it’s coming and wouldn’t want anyone to miss out. I really don’t think you will catch this one near this SP once it goes. We’ve had the odd threat of breakout without news but we do need a catalyst. It would be nice to have some smaller good news maybe re WEst of Shetland or Skerryvore or the wind farm before bigger news re Dutch Assets, Platypus or the GOA hub. Would be nice to be at a much higher base before something big comes and knocks it out the park. Ready and waiting. Macro aligning nicely although markets are **** atm. Might be nice for big news to hold off until autumn and hopefully more liquid markets.
Hi Doyle your posts are very welcome and well informed . I missed TC's Dana Deal through impatience so feel this is an opportunity just too good to miss. No doubt plenty going on behind scenes but with banks keen to lend out of the pandemic Tom's credentials could stand him in very good stead .... Soon