Parkmead Group (The) PLC Appointment of Adviser (1411V)
05 Agosto 2020 - 1:00AM
UK Regulatory
TIDMPMG
RNS Number : 1411V
Parkmead Group (The) PLC
05 August 2020
5 August 2020
The Parkmead Group plc
("Parkmead", the "Company" or the "Group")
Appointment of Adviser
Parkmead, the UK and Netherlands focused independent energy
group, is pleased to announce that finnCap Ltd has been appointed
as Nominated Adviser and Broker to the Company with immediate
effect.
Tom Cross, Executive Chairman, commented:
"finnCap is a leading adviser on the London Stock Exchange and
has an excellent track record working with ambitious companies to
deliver their growth plans.
This appointment will support Parkmead's continued expansion and
development into a balanced energy group".
Enquiries:
The Parkmead Group plc +44 (0) 1224 622200
Tom Cross, Executive Chairman
Ryan Strougler, Chief Financial Officer
finnCap Ltd +44 (0)20 7220 0500
NOMAD and Broker
Marc Milmo / Matthew Radley - Corporate
Finance
Andrew Burdis / Tim Harper - ECM
Instinctif Partners Limited (PR Advisers
to Parkmead) +44 (0)20 3405 0205
PR Advisers to Parkmead
Mark Garraway / Sarah Hourahane / Dinara
Shikhametova
Notes to Editors:
1. Parkmead is an independent energy group that is listed on AIM
on the London Stock Exchange (symbol: PMG). Parkmead is focused on
growth in the oil and gas upstream and renewable energy sectors,
targeting transactions at both asset and corporate level.
2. 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.
3. In April 2017, Parkmead almost doubled 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%.
4. In January 2018, Parkmead significantly increased its equity
in the Greater Perth Area oil hub project from 60.05% to 100%. The
Group also announced that it had signed an agreement with Nexen
Petroleum, a subsidiary of China National Oil Corporation (CNOOC),
to conduct a detailed engineering study in relation to the
potential subsea tieback of the Greater Perth Area project to the
Scott platform and associated facilities in the UK Central North
Sea.
5. In May 2018, Parkmead was provisionally awarded nine offshore
blocks and part blocks spanning five new licences in the UK 30th
Licensing Round.
6. In August 2019, Parkmead announced expansion into the
renewable energy sector by signing a share purchase agreement to
acquire the entire issued share capital of Pitreadie Farm Limited,
a company owning extensive farmland and sites with significant
renewable energy potential.
7. 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
energy 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 and gas companies.
For further information please refer to Parkmead's website at
www.parkmeadgroup.com
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END
APPSSUFULESSEFA
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