Lochard Energy Group PLC

Type: Company
Name: Lochard Energy Group PLC
First reported Apr 11 2014 - Updated Apr 11 2014 - 1 reports

Parkmead completes acquisition to treble its stake in the Athena oil field

Parkmead has completed the previously announced acquisition of an additional 20 per cent interest in UK production licence P.1293 (Block 14/18b ALL), containing the Athena oil field, from EWE VERTRIEB GmbH (EWE).Through Parkmead's acquisition of Lochard ... [Published Scandinavian Oil-Gas Magazine - Apr 11 2014]
First reported Apr 10 2014 - Updated Apr 10 2014 - 2 reports

Parkmead acquires EWE stake in Athena offshore oil field in North Sea

Offshore staffABERDEEN, UK – Parkmead has completed its acquisition of an additional 20% stake in UK North Sea license P.1293 from EWE Vertrieb.The license covers block 14/18b ALL and contains the producing Athena oil field , operated by Ithaca Energ ... [Published Offshore oil and gas - Apr 10 2014]
First reported Apr 10 2014 - Updated Apr 10 2014 - 2 reports

PARKMEAD : Completes Stake Boost In Athena Oil Field

LONDON ( Alliance News ) - The Parkmead Group PLC said Thursday it has completed its acquisition of an additional 20% interest in the UK production licence P.1293 (Block 14/18b ALL), containing the Athena oil field.Parkmead already held a 10% interest ... [Published 4 Traders - Apr 10 2014]
First reported Mar 28 2014 - Updated Mar 28 2014 - 3 reports

Parkmead swings into the black as oil flows surge

PARKMEAD, the Aberdeen-based oil explorer headed by Dana Petroleum founder Tom Cross, today reported a maiden profit after a doubling of assets helped drive a near-fivefold jump in half-year revenues.The Aberdeen-based firm, run by Dana Petroleum founder ... [Published The Scotsman - Mar 28 2014]
First reported Mar 28 2014 - Updated Mar 28 2014 - 2 reports

Maiden profit for North Sea explorer

Growing oil and gas explorer Parkmead Group has announced a maiden pre-tax profit.The Aberdeen-based company said it made a profit of £3.1m in the six months to the end of December.Parkhead said major production growth was achieved through the acquisition ... [Published BBC - Mar 28 2014]
First reported Dec 31 2013 - Updated Dec 31 2013 - 1 reports

Parkmead to acquire further stake in Athena oil field

Parkmead, a North Sea oil exploration firm, has said that it is planning to increase its stake in the established Athena oil field.Parkmead, which is based in Aberdeen, has said that it is buying a further 20 per cent stake in the field from German outfit ... [Published Topnews.in - Dec 31 2013]

Quotes

"This is Parkmead's most important deal to date, because it significantly strengthens the Group's oil and gas production base. The additional oil production from Athena will deliver major increases in revenue and cash flow at this exciting stage in Parkmead's growth" said Tom Cross , Executive Chairman of Parkmead
He said, with last month’s £40m fundraising, Parkmead was now in "an excellent position to drive the business forward and to build upon the momentum already generated"
"I am delighted to report excellent progress in the period to December 31st 2013" said Chairman Tom Cross
"Parkmead has significantly increased its oil and gas production, delivering enhanced cash flow to the group."

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Parkmead completes acquisition to treble its st... [Published Scandinavian Oil-Gas Magazine - Apr 11 2014]
Parkmead acquires EWE stake in Athena offshore ... [Published Offshore oil and gas - Apr 10 2014]
PARKMEAD : Completes Stake Boost In Athena Oil ... [Published 4 Traders - Apr 10 2014]
Parkmead completes acquisition to treble its st... [Published Oil Earth - Apr 10 2014]
Parkmead Group (The) : Completion of Athena Acq... [Published Investegate - Apr 10 2014]
Parkmead swings into the black as oil flows surge [Published The Scotsman - Mar 28 2014]
Parkmead swings half-year profit as revenue surges [Published Digital Look - Mar 28 2014]
Maiden profit for North Sea explorer [Published BBC - Mar 28 2014]
Parkmead delivers maiden profit after assets do... [Published The Scotsman - Mar 28 2014]
The Parkmead Group provides Interim Results for... [Published Oil Earth - Mar 28 2014]
Parkmead to acquire further stake in Athena oil... [Published Topnews.in - Dec 31 2013]
Court sanctions Parkmead-Lochard ... [Published TrustNet - Jul 25 2013]
Scheme of Arrangement becomes effective [Published TrustNet - Jul 25 2013]
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