Preliminary Results for the
year ended 30 June 2021

Posted: 26/11/21

Parkmead, the UK and Netherlands focused independent energy group, is pleased to report its preliminary results for the year ended 30 June 2021.




Revenue momentum from increased gas prices; strong financial position 



Acquisition of Netherlands gas royalty and potential drilling campaign in 2022



Renewables Growth Strategy



UK North Sea licence refocus



Substantial gas and oil reserves and resources



Evaluating further acquisitions and opportunities



Parkmead’s Executive Chairman, Tom Cross, commented:


“I am pleased to report an important year of progress for Parkmead, despite the year being significantly disrupted by the COVID-19 pandemic. The substantial rise in gas prices post year end is also creating strong momentum for the Group. We intend to capitalise on this by further balancing the Group’s operations to include other energies.


The innovative royalty deal we completed in July enhances our gas interests in the Netherlands and adds significant value to Parkmead. This growth step adds to our portfolio of high-quality energy projects delivered through acquisitions, organic growth and active asset management.


The successful divestment of non-core land areas is a testament to the team's ability to ensure value is generated from its assets. Parkmead has already identified a number of possible locations for renewable energy opportunities within the Group's high-graded onshore acreage.


Our team is carefully evaluating further potential gas, oil and renewable energy acquisitions that would complement our existing business.


Parkmead is well positioned for the future. We have excellent UK and Netherlands regional expertise, strong financial discipline, and a growing portfolio of high-quality assets. The Group will continue to build upon the inherent value in its existing interests with a balanced, acquisition-led, growth strategy to secure opportunities that maximise future value for our shareholders.” 



For enquiries please contact: 


The Parkmead Group plc +44 (0) 1224 622200

Tom Cross (Executive Chairman)

Ryan Stroulger (Chief Financial Officer)


finnCap Ltd  (NOMAD and Broker to Parkmead)+44 (0) 20 7220 0500

Marc Milmo / Seamus Fricker – Corporate Finance

Andrew Burdis / Barney Hayward – ECM


Please see the full statement, including financial statements, here. The file is also located in the financial reports section of the Company's website.