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The Parkmead Group Plc ORD1.5P (PMG)

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06-Jul-2022 10:12 AM

IN BRIEF: Parkmead rises on record gas revenue from Dutch assets

Parkmead Group PLC - Netherlands and UK-focused gas explorer based in London - Says gas assets ‘continue to perform well’ and has benefitted from surging gas prices in Europe. As a result, expects annual gas revenue from its Dutch assets to
20-Nov-2020 07:32 AM

Parkmead Group revenue halves as gas price collapses

Energy company The Parkmead Group's revenue halved in the 12 months to 30 June 2020 as gas prices fell to record lows. Parkmead recorded a revenue for the year of £4.1 million for its financial year in a preliminary results statement, down fro
15-Nov-2019 07:34 AM

Parkmead swings to annual profit after boosting Netherlands gas output

UK and Neterlands focused energy group Parkmead swung to a full-year profit after it produced more gas from the Diever West field in the Netherlands. Pre-tax profit for the year through June amounted to £4.8m, compared to a loss of £5.9m on-y
16-Nov-2018 07:36 AM

Parkmead losses deepen on higher exploration bill

Oil and gas producer Parkmead Group reported a deeper annual loss after it almost doubled spending on exploration. Pre-tax losses for the year through June amounted to £5.9m, compared to £4.3m of losses on-year. Revenue rose 70% to £7.
29-Mar-2018 07:55 AM

Parkmead profit doubles on higher gas production and lower costs

Parkmead, the UK and Netherlands-focused independent energy group, doubled its gross profit in the six months to 31 December 2017 to £1.4 million. This was driven by increased gas production in the Netherlands and a cost reduction programme in the
20-Dec-2017 02:13 PM

All resolutions passed at AGM of Parkmead

Parkmead Group has confirmed that all resolutions were passed by shareholders at today's Annual General Meeting. At 2:13pm: (LON:PMG) Parkmead Group The PLC share price was +1.88p at 37.38p Story provided by
17-Nov-2017 01:50 PM

Broker Forecast - Panmure Gordon issues a broker note on Parkmead Group (The) PLC

Panmure Gordon today reaffirms its buy investment rating on Parkmead Group (The) PLC (LON:PMG) and cut its price target to 70p (from 80p). Story provided by
17-Nov-2017 07:56 AM

Parkmead Group losses narrow

The Parkmead Group said annual losses narrowed after it focused its efforts on lower-cost operations in the Netherlands. The company booked a net loss of £4.9m, narrowing from a £6.7m loss a year earlier. Revenue more than halved to £
24-Mar-2017 07:46 AM

Parkmead Group marginally narrows H1 pretax loss

The Parkmead Group has marginally narrowed its H1 pretax loss to £4.5m, from a loss of £4.6m, although the underlying composition of that loss varied considerably between the periods. "I am pleased to report significant progress in the p
17-Feb-2017 08:50 AM

Broker Forecast - finnCap issues a broker note on Parkmead Group (The) PLC

finnCap today reaffirms its buy investment rating on Parkmead Group (The) PLC (LON:PMG) and set its price target at 81p. Story provided by
18-Nov-2016 07:11 AM

Parkmead's loss

Parkmead Group has materially reduced its FY pretax loss to £6.4m, from a year-earlier loss of £30.8m. Revenue was £10.4m, from £18.6m. The prior year was affected by £39.4m for cost of sales, versus £15.1m in the just-ended leg. "I am pleased t
24-Mar-2016 12:20 PM

Broker Forecast - Panmure Gordon issues a broker note on Parkmead Group (The) PLC

Panmure Gordon today reaffirms its buy investment rating on Parkmead Group (The) PLC (LON:PMG) and cut its price target to 100p (from 105p). Story provided by
24-Mar-2016 07:42 AM

Parkmead substantially narrows H1 pretax loss

Parkmead has substantially narrowed its H1 pretax loss to GBP4.6m, from a loss of GBP17.0m. Revenue fell to GBP6.99m, from GBP10.12m. The comparative period included GBP12.9m of property, plant and equipment impairment. Executive chairman Tom Cross comme
27-Mar-2015 07:25 AM

Parkmead Group swings to heavy H1 pretax loss

Parkmead Group has swung to a heavy H1 pretax loss of £17.0m, from a year-earlier profit of £3.1m. Revenue was £10.1m, from £9.9m. Executive chairman Tom Cross said the period was one of significant progress. "Parkmead discovered a new onshore
22-Nov-2013 04:13 PM

Parkmead Group schedules AGM

North Sea oil firm Parkmead Group (LON:PMG) has scheduled its AGM for 16 December - and will ask investors to vote on a share consolidation. The Company has made considerable progress over the past twelve to eighteen months. Net oil and gas production
19-Nov-2013 02:32 PM

Parkmead confirms new gas field in North Sea

Parkmead has confirmed a new gas field discovery in the UK southern North Sea by the Pharos exploration well. The 47/5d-6 well, targeting the Pharos prospect, was drilled on behalf of the co-venturers by Dana Petroleum using the Noble Lynda Bossler dril
15-Nov-2013 07:47 AM

Parkmead Group widens FY pretax loss to £5.3m

Parkmead Group widened its FY pretax loss to £5.3m, from £4.9m. Revenue was £4.1m, from £2.9m. "Parkmead has significantly increased its reserve base and also added production to the Group's portfolio, providing first cash flow from E&P oper
01-Oct-2013 07:35 AM

Parkmead says Pharos exploration well starts drilling

The Parkmead Group said the Pharos exploration well has started drilling in the UK Southern North Sea. The Pharos gas prospect has the potential to contain up to 500 billion cubic feet of gas-in-place (86 million barrels on an oil equivalent basis) and
25-Jul-2013 03:38 PM

Court sanctions Parkmead-Lochard Energy scheme

The scheme of arrangement for Parkmead Group's recommended cash offer for Lochard Energy has become effective. The High Court has sanctioned the scheme and confirmed the reduction of capital. At 3:38pm: (LON:LHD) share price was 0p at 4.88p (
21-Jun-2013 07:21 AM

Parkmead Group says its Lochard Energy offer final

Parkmead Group said its offer for Lochard Energy fully reflects the value of that company, and that its offer of 0.385 Parkmead shares for each Lochard Energy share is final. Story provided by
17-Jun-2013 09:28 AM

Lochard sends out offer details

Lochard Energy has sent out details to shareholders of the scheme of arrangement for the recommended all-share offer by The Parkmead Group. The last day of dealings in Lochard Energy shares is expected to be 24 July with cancellation of its admission to
07-Jun-2013 08:29 AM

Lochard needs to build 'significant cash reserve'

Lochard Energy has told shareholders it needs to build a significant cash reserve to cover operational contingencies on the Athena field. Yesterday (6 June), Cornhill Capital said it now represented shareholders with 25.19% of Lochard Energy who intend
03-Jun-2013 01:08 PM

PMG offer for Lochard rejected by Cornhill group

The Parkmead Group offer for Lochard Energy will be rejected by Cornhill Capital which now represents 24.06% of the voting shares. Last week Cornhill Capital indicated that a consortium it was representing totalling 20.37% of the voting shares in Lochard
30-May-2013 12:08 PM

Lochard investors reject Parkmead offer

A shareholder group from Cornhill Capital has indicated that it will reject Parkmead Group's (PMG) Offer For Lochard Energy (LHD).. The investors involved account for 20.37% of the outstanding shares in Lochard Energy (LHD) and are not intending to
23-May-2013 08:02 AM

Parkmead makes approved offer for Lochard Energy

Parkmead Group is to make a recommended all-share offer for Lochard Energy, valuing the latter company at about £14.5 million. Under the terms of the acquisition, scheme shareholders would be entitled to receive 0.385 Parkmead consideration shares for e

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