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Parkmead Group The PLC ORD1.5P (PMG)

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28-Mar-2013 09:44 AM

Parkmead H1 revenue up, pretax loss slightly wider

Parkmead Group posed a rise in its first-half revenue to £1.97 million, from £1.33 million, and a pretax loss of £2.76 million, from £2.64 million. The emerging independent oil and gas company's total assets rose 199% to £40 million, while net
07-Dec-2012 01:03 PM

Parkmean Group appoints Ryan Strougler as commercial director

Parkmead Group has appointed Ryan Stroulger as commercial director. At 1:03pm: (LON:PMG) PC Medics Group share price was +0.13p at 13.13p Story provided by
16-Nov-2012 09:06 AM

Decent year for Parkmead Group

2012 has been a good first full year of E&P operations for The Parkmead Group. Following a successful 2011, which saw the Company bring together its experienced oil and gas team, the Group has generated significant momentum completing a series of acquis
08-Aug-2012 12:53 PM

Parkmead scheme of arrangement to acquire Deo sanctioned

On 28 May 2012, the boards of oil firms Parkmead (LON:PMG) and DEO Petroleum (LON:DEO) announced that they had reached agreement on the terms of a recommended acquisition of the entire issued and to be issued ordinary share capital of DEO by Parkmead. The
08-Aug-2012 08:12 AM

Parkmead completes acquisition of assets in the Netherlands

Parkmead, the independent oil and gas company, has completed the acquisition of a portfolio of Netherlands onshore assets from Dyas for a total consideration of �?¬7.5m. The deal was first announced in March and comprises interests in four producing
28-May-2012 04:32 PM

Parkmead agrees deal for DEO

Parkmead has agreed a £12.7m takeover deal for DEO Petroleum. Under the terms of the acquisition, shareholders will receive two Parkmead consideration shares for each DEO share held. Based on the price of a Parkmead share of 14.75 pence, the acquisit
30-Mar-2012 10:04 AM

Parkmead fully funded for future drilling programme

The Parkmead Group saw total assets rise by 8% in the six month period to £13.4 million at 31 December 2011 The Group is now fully funded for its future programme of appraisal and drilling, following the provision of a shareholder loan facility for £8
25-Nov-2011 08:44 AM

Parkmead Group sees revenue increase 58%

The Parkmead Group saw revenue increase 58% to £3.75 million (2010: £2.36 million) for the year ended 30 June 2011. Total Assets rose to £12.33 million at 30 June 2011 (£11.34 million at 30 June 2010) and the company also reported cash balances of £1.3m
25-Oct-2011 01:03 PM

Parkmead CEO steps down

Parkmead executive chairman Tom Cross has replaced chief executive Niall Doran who has stepped down with immediate effect. The board thanked Doran for his efforts on behalf of the company over the last five years and wish him every success in his futur
31-Mar-2011 12:17 PM

Parkmead H1 boosted by Aupec acquisition

Investment and advisory company Parkmead Group plc narrowed its first-half operating loss by 34% to £0.53m on revenue up 147% to £2.12m, driven by the acquisition of petroleum economics consultancy Aupec. Loss before tax was £0.41m, up from £0.22m. The c
09-Nov-2010 09:40 AM

Tom Cross takes chair at Parkmead

Oil sector advisor Parkmead Group said Tom Cross has taken up the post of executive chairman today (November 9) following the retirement of Colin Goodall. The group has also become a member of BRINDEX, the Association of British Independent Oil Explorati
20-Oct-2010 08:57 AM

Dana CEO Tom Cross to chair Parkmead

Parkmead Group has named Tom Cross as executive chairman from November 9, following the retirement of non-executive chairman Colin Goodall. Cross is founder and CEO of Dana Petroleum, currently being acquired by the Korea National Oil Corporation. He has
20-Oct-2010 07:13 AM

Tom Cross to take over as Parkmead chairman

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23-Sep-2010 12:56 PM

Parkmead FY loss £1.4m vs £6.3m

Oil and gas investment and advisory company Parkmead made a pre-tax loss of £1.4m, down from £6.3m, in the year to June after writing off investments of £0.5m, previously £3.5m. Revenues increased to £2.4m from £0.2m, mainly due to Aupec revenues since
18-May-2010 10:29 AM

Parkmead participates in Faroe Petroleum rights issue

Parkmead Group has taken up 75% of its entitlement under the Faroe Petroleum rights issue and acquired a further 1.46m shares, paying £1.46m cash. Following the rights issue, the Group retains a 2.51% holding in Faroe Petroleum. Story provided by B
10-Mar-2010 12:22 PM

Parkmead Group boosted by Aupec acquisition

Parkmead Group cut its operating loss to £0.8m from the previous £1.1m in the six months to December and said that following the acquisition of consultants Aupec its outlook had much improved. The company, a business adviser and investor in the energy
22-Dec-2009 10:48 AM

Parkmead names new finance director

Parkmead finance director Gordon Ashworth will step down from February 1 to pursue his career in start-up and early-stage businesses. Donald MacKay will replace him at the group, a business adviser and investor in energy-based companies. He is currently...
04-Dec-2009 09:53 AM

Parkmead loss widens as NAV plunges 65%

Energy sector investor Parkmead Group widened its operating loss to £2.5m from £1.3m for the year to June as net asset per share fell 65% from 4.40p to 1.52p. However, Parkmead said it remained debt-free with cash balances of £2.5m. Investments in Fa...
12-Oct-2009 09:37 AM

Parkmead buys oil industry consultants Aupec

Energy businesses investor Parkmead Group has acquired oil and gas consultancy group Aupec Limited for £1m cash plus shares. Parkmead says the acquisition will expedite its strategy of becoming a leading small-cap oil and gas investment and advisory hou...
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