Parkmead Group (The) PLC Appointment of Nominated Adviser and Broker (7480O)
01 Febrero 2019 - 01:00AM
UK Regulatory
TIDMPMG
RNS Number : 7480O
Parkmead Group (The) PLC
01 February 2019
1 February 2019
The Parkmead Group plc
("Parkmead", "the Company" or "the Group")
Appointment of Nominated Adviser and Broker
The Board of Parkmead is pleased to announce the appointment of
Arden Partners plc as Nominated Adviser and Broker to the company
with immediate effect.
Enquiries:
The Parkmead Group plc +44 (0) 1224 622200
Tom Cross (Executive Chairman)
Ryan Stroulger (Chief Financial
Officer)
Arden Partners plc
(Financial Adviser, NOMAD and
Corporate Broker to Parkmead) +44 (0) 20 7614 5900
Ciaran Walsh
Maria Gomez de Olea
Instinctif Partners Limited
(PR Adviser to Parkmead) +44 (0) 20 7457 2020
David Simonson
George Yeomans
Notes to Editors:
1. The Parkmead Group is an independent, UK and Netherlands
focused business with four operating areas. Its shares are listed
on the Alternative Investment Market of the London Stock Exchange
(symbol: PMG). The Group currently produces gas from a portfolio of
four fields across the Netherlands and it holds significant oil and
gas interests spanning its 28 exploration and production blocks
under licence.
2. In November 2015, Parkmead achieved first commercial gas
production from the Diever West gas field in the Netherlands.
Parkmead worked closely with its joint-venture partners on the
fast-track development of Diever West, and the partnership
successfully brought the field onstream within just 14 months of
discovery.
3. In August 2016, Parkmead doubled its stake in the Polecat and
Marten oil fields in the UK Central North Sea. The Polecat and
Marten fields are located in Blocks 20/3c & 20/4a within
Licence P.2218 and Parkmead now operates the licence with 100%
equity.
4. In September 2016, Parkmead increased its stake in the Perth
and Dolphin oil fields in the UK Central North Sea to 60.05 per
cent. The Perth and Dolphin fields, which are both operated by
Parkmead, are at the core of Parkmead's major Greater Perth Area
oil hub project.
5. In April 2017, Parkmead significantly increased its stake in
the major Sanda North and Sanda South prospects in the West of
Shetland area of the UK North Sea. Through this accretive step,
Parkmead increased its equity in the licence from 56% to 100%.
6. In February 2018, Parkmead announced that it had increased
its equity in the Perth and Dolphin fields in the UK Central North
Sea from 60.05% to 100%. The Company also announced that it had
signed an agreement with Nexen Petroleum, a subsidiary of the China
National Offshore Oil Corporation (CNOOC), to conduct an
engineering study in relation to the potential tieback of the GPA
project to the Nexen operated Scott platform and facilities in the
Central North Sea.
7. In May 2018, Parkmead was provisionally awarded nine UK oil
and gas blocks and part blocks spanning five new licences in the UK
30th Licensing Round. The Group also reported that production at
the Diever west gas field in the Netherlands reached a new gross
average monthly high in April 2018 of 56.6 million cubic feet per
day.
8. Through its wholly owned subsidiary, Aupec Limited, The
Parkmead Group provides petroleum benchmarking and economics
expertise to a wide range of government bodies and international
oil and gas companies. Aupec has to date worked with over 100
governments, national oil companies, majors and independents across
the world, as well as a number of multi-national agencies such as
the European Commission and the World Bank. Aupec is currently
undertaking an important benchmarking project for a group of the
world's largest super-major oil companies.
For further information please refer to Parkmead's website at
www.parkmeadgroup.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
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Kingdom. Terms and conditions relating to the use and distribution
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contact rns@lseg.com or visit www.rns.com.
END
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