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Share Price Information for Xcite Energy (XEL)


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Directors Deals for Xcite Energy (XEL)
Trade DateActionNotifierPriceCurrencyAmountHolding
20-Oct-14Buy
Trade Notifier Information for Xcite Energy Ltd. (CDI)
Andrew Fairclough held the position of CFO at Xcite Energy Ltd. (CDI) at the time of this trade.
 Andrew Fairclough
43.1GBX35,00088000
08-Jul-14Buy
Trade Notifier Information for Xcite Energy Ltd. (CDI)
Andrew Fairclough held the position of CFO at Xcite Energy Ltd. (CDI) at the time of this trade.
 Andrew Fairclough
67GBX38,0000
08-Jul-14Buy
Trade Notifier Information for Xcite Energy Ltd. (CDI)
Henry (Harry) George Wilson held the position of Non-Executive Director at Xcite Energy Ltd. (CDI) at the time of this trade.
 Henry (Harry) George Wilson
66.83GBX40,0000
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highlandsbull
Posts: 5,678
Opinion:No Opinion
Price:0.00
RE: Toxic..
12 Feb '19
And of course as is often proven the case incompetents are not generally known for recruiting replacement subordinates that are going to show them up. Hence XEL shareholders were gifted with AF, who despite his brilliant track record self promoted on Whalsay, brought absolutely nothing of competence imo to XEL in terms of funding success, as evidenced by the collapse of the company of which by then he was cfo.
highlandsbull
Posts: 5,678
Opinion:No Opinion
Price:0.00
RE: Toxic..
12 Feb '19
Imo he was the perfect gullible dream stooge for them, track record of multiple failures, working way above his pay grade. Apart from the cr*p decisions RC and the XEL BoD consistently made re execution and funding from 2009 on, the new Bondholders (or old lenders in another guise) surely could not have believed their luck when they were able to get Cole as ceo by then to put pen to paper to an agreement that after the company spending $450m+ on a huge proven oilfield, gave them the opportunity to acquire it all for $150m on a default after two years.

Since then it's cost Whalsay a mite more, but if they are back to the old plan A then lower development costs should make prospective partners and funding easier to find, even dare one say it, another float off a proven base.. What a crock this has proven to be for shareholders in XEL.
toxicnerve
Posts: 2,650
Opinion:No Opinion
Price:0.00
RE: Toxic..
11 Feb '19
Good work...One reason they did not worry about the SP taking a dive is the fake news item that set the ball rolling which if you recall ,actually set this ball rolling like a juggernaut all over Rupee....It may have been Junior Oil disembarking , but I feel WIESS are & have been the culprits all along. We had the RBL, as you said, before we had Yorkville ,which to my thinking meant we were at the time doing OK at that time. But someone had to upset the apple cart by unsettling Yorkville with that well report, no one can tell me this was not intentional. How on earth did they not know that the Canadian reporting is only on core figures ...we were told by the boiler gang, how these guys Rupee & co running us had 30yrs experience in the oil business....looks pretty amateur to me, plus they also left out that Cole has ended up in mostly bankrupt companies when he was CFO...a perfect firt for WEISS!!
highlandsbull
Posts: 5,678
Opinion:No Opinion
Price:0.00
Toxic..
9 Feb '19
Quite agree. Most likely of course they were shorting/selling stock acquired as soon as the XEL cash demands went in. But as major shareholders or nominees of same as they had to have become at some point, there was never any public concern expressed by them as the company headed for the bricks. Nor any apparent attempt even being made by management to rescue the sp and in turn utilise the balance of funds still available from that source as part of any rescue package. Just a total silence.

Still beyond me how back in 2011 Smith and Kew failed to get the FSP/SSP approved by DECC after the 6 well in advance of contracting the RN, totally irresponsible, then being held to ransom over a perfectly viable conservative phased plan for a non HPHT field, same broad plan now approved by OGA, necessitating then a $250m EWT. Alternatively why once the RN was in place and EWT concluded they did not proceed on forthwith to FSP, instead packed up and left. Followed up of course by the new CEO cancelling the RBL in place at the time with nothing to support this unfunded big boy plan B other than signing off on a bond agreement that risked, as happened, lock stock and barrel the total demise of the company. This is year 1 BA accounts fail.
toxicnerve
Posts: 2,650
Opinion:No Opinion
Price:0.00
RE: Whalsay revised their webpage..
9 Feb '19
"One or two of these mentioned characters makes one reflect on the Socius/Esousa experience and any possible links to same.."The bad smell will be from the shadow at the back of the room...WEISS is still all over this & their ex -con director...
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