The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Obviously a glitch in the system, I got the alert also and it's not the first.
Ive got an RNS alert for XEL, but cant see anything. Anyone else?
I've written to the e mail that Westsider stated & have never had a reply...
Hello Diver69 could you write to us at xciteaction at outlook.dot com if you haven not already done so please?
I would be grateful if Westsider if you could update me.And does anybody know where Rupert Cole is hiding please.
Be cautious as to just which Christmas you had in mind, considering we are already into year 3 of the demise of XEL. I have one stock that is now after ten years finally with ICSID!
Good to hear westsider, maybe a late Christmas present.
Wonder by now, as they have to replenish the Whalsay funding tank, if the bondholders are looking askance at the individuals who sold them on the action plan crock to shaft XEL. Of course OGA's 'reputation' and blind faith in the bs it's clear now they were fed, that persuaded them to extend the Bentley lease by further four years to new XER and it's power management, is looking more tarnished as well.
Just to let everyone know we have had a very encouraging response and will be catching up with you all asap.
I hope like a great weight it drags the bond holders to Davy Jones’s locker !
What a disaster!
Not hugely relevant probably, but any residual reference to Guildford and RC palace now gone, the Alternative Register Inspection address has been changed wef 2/12/18 to a salubrious block opposite the back end of Waterloo station.
Of possible greater interest perhaps is that with still no announcement of future partners and/or development of Bentley,
they may have to go cap in hand to their backer for a further loan to remain afloat after end 2018 as per their auditor's material uncertainty qualification in their 2017 accounts.
I wonder how Brent at the current $56/bbl range is focusing investors minds..
https://beta.companieshouse.gov.uk/company/04560068/filing-history
Thank you Eric,
your email was received with thanks.
Thanks for the email. I didn't know this was going on, but I do now. I shall keep checking in
xciteaction at outlook dot com
We have today sent out an email to a number of shareholders updating them on developments. Existing members of the group will be updated in due course, however please bear in mind we are expecting a huge response so please bear with us. In my typing frenzy I inadvertently gave this the heading of Xcitev energy.
I'm good - all the best to you too
Wednesday, President Donald Trump Tweeted thanking Saudi Arabia for lower worldwide Crude Oil prices.
“Oil prices getting lower. Great!” President Trump wrote. “Like a big Tax Cut for America and the World. Enjoy! $54, was just $82. Thank you to Saudi Arabia, but let’s go lower!”
The Tweet came after the President Tuesday said the US will remain a staunch ally of Saudi Arabia and stressed the importance of financial considerations for American interests in making strategic alliances, telling reporters that “we are not going to give up hundreds of billions of dollars in orders and let Russia, China and everybody else have them. It’s all about, for me, very simple, America First!”
Following the President’s statement, there was bipartisan action to oppose President Trump, as the leaders of the Senate Foreign Relations Committee invoked a law that will force the President to say whether the Saudi Crown Prince is behind Mr. Khashoggi‘s murder.
Many critics have pointed out the CIA’s reported conclusion that there is a high probability that the Crown Prince had ordered Mr. Khashoggi’s assassination.
President Trump was already facing bipartisan pressure before his statement of support for the Saudi regime to further punish the Kingdom over dissident Khashoggi’s killing after the White House recently sanctioned 17 Saudis accused of being responsible for the act.
President Trump pushed back on the CIA’s report earlier Tuesday, saying the CIA did not make a firm determination whether the Crown Prince was behind Mr. Khashoggi’s death, which occurred at the Saudi consulate in Istanbul in early October. During his conversation with reporters in front of the White House, President Trump said he needs to approach the situation with a wider view.
“I’m not going to destroy the world economy, and I am not gonna destroy the economy for our country by being foolish with Saudi Arabia,” President Trump said.
“If we abandon Saudi Arabia it would be a terrible mistake.”
IMO Trump has been playing this game via statements to manipulate the market all year - he's done it with the dollar. He did it originally with oil with the so called Iran sanctions when he wanted the oil price up but then persuaded the Saudi's to pump more in anticipation of the sanctions and then when that didn't work watered them down.
I've read that he is not too bothered about the US producers as they don't vote for him! Who knows but it's not a natural market but now that oil is overshooting the mark the Saudi's risk damaging their own economy if they don't cut. What's it worth to shield MBS?
In the meantime of course the staff that jumped ship on XEL/XER and defected to Whalsay have at least had their employment extended thereby by an additional two years.
I thought Bentley, including peripherals at the time, in fact might have had a life expectancy of 30 plus years.
No news from Whalsay as yet re their 3Q '18 forecast date for partner(s) selection to develop Bentley. In the meantime as per their 2017 accounts, and the Auditors highlight of Note 1 to the accounts re material uncertainty, guess they are going to have to go to their vaunted institutional investors to prolong their life beyond the critical end point for funding noted then to enable them to continue to trade and meet their obligations after what was projected to be December 2018.
Wonder how comfortable OGA are feeling about the Quad 9 commitments made by Whalsay at the time OGA awarded them the four year lease extension. Jmo..
http://whalsayenergy.com/
Not sure how relevant but XEL accounts indicate payment to XER in 2015 was $10.26m. XER in turn show in their 2015 accounts Directors and staff salaries total approx $8.9m. So the OGA costs as such probably more related to staff time than anything else in terms of resources. One might assume in February 2016 when the six month lease extension to Bentley was given it related more to XEL's concept of the time it would yet take to tie up this phantom partner, and/or new funding or renegotiating with the Bondholders.
Thanks to those who have written. I will get back to you in a few days after some meetings.
In a video dated November 2015, R Cole said that Xcite had committed considerable resources to a technical assessment of the Bentley field developement concept with the new Oil and Gas Authority ,anyone know what these resources were? and how much it cost and did this technical assessment result in the short extension of the license ,if so ,why not four years what Whalsey Energy were awarded. Total lifetime cost at $35 dollars a barrel ,who were the third party quotes and estimates from ?
Hello,
I have today written to as many members as possible about an interesting new development. If you have written previously but not received an email please write to xciteaction at outlook.com
Looks like Warwick managed to locate the turbines, as per most else including the forgiven debt of XER to XEL of $330m. The item is recorded in the 2016 accounts at a value of $8.48m, reportedly disposed of for $2.37m.. Wonder if Equinor/Statoil also are being harassed by the 'cfo' for the overdue $1m from the data sale. Cole turned out to be a real philanthropist to all except his shareholders in the end, sure the denizens of the corporate world and headhunters are beating a path to his door, desperate to book him for his consultancy expertise and services.
So you really can polish a turd, incredible.