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Xcite Energy Share Chat (XEL)



Share Price: 31.875Bid: 31.25Ask: 32.50Change: 0.00 (0.00%)No Movement on Xcite Energy
Spread: 1.25Spread as %: 4.00%Open: 32.00High: 32.00Low: 31.875Yesterday’s Close: 31.875



Share Discussion for Xcite Energy (XEL)


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toxicnerve
Posts: 596
Off Topic
Opinion:No Opinion
Price:31.88
View Thread (4)
RE: good time to be negotiating...
Today 14:57
Repost of mine from June 1st
I agree 2018 is optimistic. Xcite needs financing, joint venture, take over... anything they can. This may be the most difficult oil operation in history hence the huge queue to buy this at an abysmal SP price...so where are all the buyers?

The happy clappers here seem to know more than the industry chiefs if you listen to their utter (hopeful) drivel.

Low volume & the Spread
Now leg ends finally thinks they need to re think...no kidding Pate boy
 
Topboy1
Posts: 126
Off Topic
Opinion:No Opinion
Price:31.88
View Thread (4)
RE: good time to be negotiating...
Today 13:34
Legends, might be best if they put the FDP in as soon as, once the warrants are out of the way. Then submit any necessary amendment later if things change?
highlandsbull
Posts: 2,590
Observation
Opinion:No Opinion
Price:31.88
View Thread (4)
RE: good time to be negotiating...
Today 12:33
Agree re yr last para. Doubt there will be any service partner change though at this late stage as so much was made of the MOUs and co-operation. What might change however is the type of equipment nominated contractors are requested to utilize, for better economy or speed of supply.
highlandsbull
Posts: 2,590
Observation
Opinion:No Opinion
Price:31.88
View Thread (2)
RE: good time to be negotiating...
Today 12:23
One has the feeling that perhaps the ACE at least may not get built in Thailand as originally projected by Aibel. If there is funding available from China or even Singapore that unit could conceivably be built elsewhere. XEL can't go round the houses forever on this, if they are still aiming for 2018 production FDP's got to be approved and orders for key components placed soon.
highlandsbull
Posts: 2,590
Observation
Opinion:No Opinion
Price:31.88
View Thread (2)
RE: good time to be negotiating...
Today 12:18
Since there has not even been any FDP submission/approval yet EPC award can't happen until after that and funding in place. We know already XEL's into 2018 now for units to be in field, and unless something happens soon event that year will slip.
LEGENDS
Posts: 298
Off Topic
Opinion:No Opinion
Price:31.88
View Thread (2)
good time to be negotiating...
Today 11:13
http://aibel.com/en/news-and-media/news/partnership-with-xer

Start in late 2014
According to plan, the project activities (FEED) will start in 4th quarter of 2014, with the EPC award following in the summer of 2015. The platform is expected to be on field in 2017.

Summer is coming to an end. Come on our BOD, lets get the Bentley party started.
LEGENDS
Posts: 298
Off Topic
Opinion:No Opinion
Price:31.88
View Thread (4)
good time to be negotiating...
Today 10:56
We very well might see a revised FDP.
I'm keeping a eye out for a service partner change MoU to reflect these changes.

Great time to pick and choose the required hardware at the best price over the life of the field.

Our BOD need to get the finger out soon.
ugiebear
Posts: 1,906
Observation
Opinion:No Opinion
Price:31.88
View Thread (2)
good time to be negotiating...
Today 09:54
contracts with service co's.

1st August
A bullish Tom Cross said low oil and gas prices provided a “win-win” situation for his firm Parkmead as the independent oil and gas explorer confirmed its recent North Sea license wins.

“If oil price stays low we can benefit from being able to drill at very low cost,” he said. “Some of the wells we budgeted last year have halved in cost because of the squeeze in costs in the service sector."

https://www.pressandjournal.co.uk/fp/business/north-of-scotland/654111/parkmead-win-win-low-oil-price-environment/

this cost saving is also alluded to in XEL's May video.

From 1.35 minutes in;

'The project execution strategy is important i.e., how and where we build the key development assets namely the MOPU platform, the FSO and also the rig, which is now under construction.

This has resulted in a more cost effective strategy, bearing in mind we haven't yet locked in our costs, so we we believe there may be further opportunities to improve on these'.

http://www.xcite-energy.com/media/video-centre/filing-of-annual-reserves-report
ceilingcat
Posts: 742
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:31.88
View Thread (2)
RE: this bb
Sat 22:20
yes, it's almost unreadable now. I also enjoy interesting posts, as long as they are not unmitigated ramping.
ethanhunt
Posts: 513
Off Topic
Opinion:No Opinion
Price:31.88
Ashcroft1
Sat 20:05
Totally agree mate





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