London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Hey Trek, don't let it get you down I have all my life savings in here. Treasure the time you have with your wife, I know it's easy to say but money comes money goes. I hope you can get back enough to go on the holiday you want but if you don't I'm sure you'll be happy just to be with your wife. Feel for anyone who's lost here.....but like you say you never know bring on a bidding war!
Only this guy is not such a birdbrain as our resident Tw*t https://www.youtube.com/watch?v=vDvI99kOEwU
Me too mate can't be easy for you
Wow! Trek that's a sad story, I do hope for all of the maligned shareholders here manage to get something back...& that you are able to treat your treat your good lady. Cole you're an absolute disgrace!
With 28 interested parties the bidding process should be fascinating. Assuming all interested parties get through the vetting. Will there be a $/b gate? Will the top 10 go through to the 2nd round? Can Statoil afford to risk an under bid and miss the first gate? If it's then reduced to just a few what price will be on the table then? Assume all bids are cash and the fit and proper criterion is met this coul I hope be over in a few months. I have most of my life savings in here and want to treat my wife to a holiday as she is recovering from cancer, to get back half of what I invested would be amazing. I think we could all be pleasantly surprised. Ever the optimist ever the fool! Trek
The only thing I share with CC & no doubt countless other shareholders is the bemusement at the utter drivel you posted here in support of this Bod Year in Year out. No matter what crazy DUFF info yer HEDGIE (bod) mates E mailed to you ..you duly repeated it here ,in a vain attempt to feel 'In the know ' lol what a twonk! ...No wonder the Bod used to love you. Their little Mickey mimic pet...you were used & spat out ...no longer required ...Muppet! You now come on here in with feint disdain towards your mate ...give it a rest CHUMP!
That's because we share a desk here at Boiler Room central, obviously. Back in the real world, you're wrong as always.
Nice to see the Chuckle Brothers still have time to post between shows. Toxictit. I work in the oil industry up here in Oilland. I think you will find it is you and roofpussy who are involved with the fund managers. What always amuses me is. You seem to post right after the pussy makes a comment. no matter what time or day it is.
Ah Tis that time of year ,when old acquaintances meet up...so leg-GIT , no doubt you'll be meeting all your hedge fund buddies ..you know the guys that used to lay on all the inside nudge nudge info to you...Oh & ofcourse your mate the 'Burmese Mole' ha ha ha what a guy!
Never mind eh LEGENDS, you can always console yourself with a Singapore Sling or two. *hic*
Send in the CGT additional form SA108 to register a capital gains loss, plus an account of your trades. This can be carried forward & deducted from any future capital gains, above the nil band allowance, currently £11,100. Send in a form each year, to continue the loss / balance off, over to the following year, until it is used up.
MissAnthrope. You have never been a shareholder in XEL. You stopped posting your vile a long time ago. You only appeared back here after the bondholders announcement. So why are you still posting here, now that XEL no longer exist? I take it you are looking for Liquidators/XER to also fail in their endeavours to sell Bentley. Bentley is a monster HO Field located in the safe UKCS. It also comes with large TAX break incentives. You just need to read the latest shareholder update from FTI to realise why the OGA have Bentley down as a strategic asset- It is important to highlight that prior to commencing the Sales Process the Directors had, for a number of years, pursued a series of processes and strategies to attract an investment partner for XER’s main asset, the Bentley field. Since 2013, the Directors had been in contact with over 80 parties, of which sixteen have been or are currently engaged in diligence, including through access to a dataroom, that contained a significant amount of information to enable a detailed technical, commercial and subsurface due diligence to be undertaken.
Cos it's panto season. Even if you take away Christmas or Xcite people will behave the same.
I am not an accountant but my understanding is - To have a taxable loss you will have to have disposed of the asset or it will have ceased to exist .At present whilst not tradeable, company is in liquidation and possibility ( small) of a return to shareholders .So I dont think you can claim anything until liquidation complete . The only way to crystalise the loss now that I can think of would be to transfer them to someone else ( not a spouse ) at minimal value I think you would then be deemed to have disposed of share at current market value . When you can claim the loss it is only against capital gains - profits on other shares etc - not income tax .Sadly nothing can be claimed if the shares are in an ISA
You have to wait until the company has been liquidated, so it will be a month or two yet.
The company was not funded hugely in the main by PIs. I don't understand why you keep making stuff up. There's plenty of true things you can focus on.
So with liquidation ongoing, can these shares be listed as a loss on a tax return for year to Mar 16, or do we have to await the conclusion of liquidation for them to reach nil value to the satisfaction of inland revenue, before offsetting against any capital gains? One for the accountants I guess.
Yep, I can't recall any specific advice the payment related ro Bressay fdp approval, all I recall from the imperious ceo has been vague mumblings concerning phantom ndas which may or may not have related to sto and their interest in bentley. Now we even get to hear about sto's presence at presentations shareholders are not aware of with presumably confidential information being disseminated to a private invited group, and yet another puff about sto lining up a bid. Personally I still find hard to credit the incompetence of XER in not having run the ON results past decc before signing up the RN, and fail to have what was reportedly required. Why was what they did have re a non volatlie field rejected by the jobsworth in decc at the time. These guys need to be more proactive with the companies in which they are working with. Why was jobsworth for example not out at the ON on occasion to see what was going on, not leave a rejection decision to a year after the ON was offhired. Jmo.
You always forget to say it's your opinion and try it make it sound like what you write is factual. So, what you meant to say was IN LEGENDS opinion they were due to get $1M after FDP approval from DECC and in LEGENDS opinion Statoil wanted Bentley in 2013. Because we know full well that everything else you've portrayed as fact has turned out to be complete baloney.
The reeported earlier £2 offer seems like paradise now.
HB. The $1 million was to be paid after Bressay FDP approval by DECC. Apparently Statoil wanted Bentley in 2013. Got to wonder just how much they want Bentley now, and how much they are prepared to bid against their competitors for a ready to go, 35 year plus, $2.5 billion HO Field (add in P-1979) next door to their Bressay disaster.
enlighten us about the nda's and the $1m sto still owe.
Ironic also that report on ii via oga that sto were in attendance at xel august briefing on the innovative funding option that noone subscribed to.
The phantom azinor no more in chadwick.
Still no update from Statoil regarding another Bressay license extension from the OGA. Looking at the latest Upstream article, as expected, Statoil are rumoured to be in the bid- http://www.upstreamonline.com/archive/?q=xcite&languages=en&locale=en The question is. How much are the majors willing to spend to secure one of the largest development ready HO fields in the UKCS? Add to that license P-1979. With an estimated 100MMbls located if four surrounding prospects. http://www.xcite-energy.com/news/presentations-and-documents/reserves-assessment-report-as-at-31st-december-2015 A good spot from Zan. P-1979 is no longer listed on AC asset list- http://azinorcatalyst.com/assets-2/ Latest doc regarding XER from companies house- https://beta.companieshouse.gov.uk/company/04560068/filing-history