The Parkmead Group Plc said that it was considering 12 potential acquisitions, including four companies on March 28, 2013. Tom Cross, Chairman of Parkmead added that the other potential deals involved assets. "After the deal we did with Deo we have had a couple of businesses approach us interested in consolidating and asking us to take a look at their companies. We are currently looking at 12 acquisition opportunities, with four of those being corporate and eight being a portfolio or individual assets," he added.

The Parkmead Group Plc announced unaudited financial results for the six months ended December 31, 2012. For the period, the company reported revenue £1,967,646 against £1,333,176 a year ago. Operating loss was £2,682,690 against £2,501,138 a year ago. Loss before taxation was £2,760,613 against £2,644,145 a year ago. Loss for the period attributable to the equity holders of the parent was £2,760,022 or 0.37 pence per basic and diluted share against £2,641,248 or 0.43 pence per basic and diluted share a year ago. Net cash used in operating activities was £2,612,978 against £830,629 a year ago. Acquisition of property, plant and equipment was £23,434 against £151,100 a year ago. Acquisition of exploration and evaluation assets was £3,578,358 against £932,952 a year ago. During the period Colin Percival, who leads Parkmead's E&P team, joined the plc board as Technical Director. Donald MacKay retires with effect from March 28, 2013, having served both as Managing Director of AUPEC Ltd. and latterly as the Group's Finance Director. Overall, he has worked with Parkmead and AUPEC for some 12 years. As planned, Parkmead's Commercial Director, Ryan Stroulger, who has worked very closely with Donald over recent years, will assume his responsibilities on the board and thus move across to become Finance Director and Company Secretary. At senior management level, the finance team will continue to be led by Parkmead's Group Financial Controller Kevin Holley. The financial group has recently been further strengthened by the appointment of Marie Fisher, who joins the plc finance team from AUPEC Ltd, where she has served for more than 10 years.

Parkmead Presents at 12th Annual Oil & Gas 1-1 Investor Forum, Apr-15-2013 . Venue: The Grove, Chandler's Cross, Rickmansworth WD3 4TG, Herefordshire, United Kingdom.