It could have been partly to do with the Bressay lease extension going through about this time, XEL have been in discussions with Statoil for several years, maybe Statoil did not move with Enquest and vice versa until the question of the extension was resolved.
RE: XEL sp
Let's hope: 1. The financing and approval happens by year end regardless of the vote 2. Oil is an international business and these stocks will note be affected any more than they already have been 3. Lower taxes for North Sea are announced very soon after the vote Personally I think we will get a good bounce on a No vote and this will start to move North again. With a yes vote I'd expect more of the same, until XEL announce financing.
regarding the Horizon Geobay carrying out survey work on Block 9 IMO. '10/08/2014 – 30/09/14 for 18 Days' http://www.seafish.org/media/1289220/issue_19_2014_oil_gas.pdf The vessel is still in the area so I anticipate work will start soon.
in line with most other Scottish based stocks, I expect the sp to dip this week in the run up to the referendum. What happens on Thursday remains to be seen. If it's a no vote (which I think it will be), I intend buying a sizeable amount of XEL using this year's ISA allowance. This train of thought has been prompted by the timing of the Enquest announcement. Question I ask myself is this; if it's merely a simple case of simply discussing sharing infrastructure with Statoil and XEL - why didn't Enquest also become involved back in May, when Statoil and Shell were announced? With the Kraken development being well advanced, they would have been in a position then to come forward. After all, at this stage its only discussions... 6 May A joint XER, Statoil and Shell team will work together to analyse the current available information and develop a number of proposals for assessment, including the potential utilisation of common infrastructure, assets and operational solutions during the phased development of the Bentley Field and the future development of the Bressay Field. 10 Sept. A joint XER, Statoil and EnQuest team will work together to analyse the current available information and develop a number of proposals to assess the potential benefits of installing a shared gas import pipeline in conjunction with the development of the Kraken, Bentley and Bressay fields.
Surely any new Scottish gov can only take the oil fields contracts off bp or their operating status? What would happen ? How would all capex be worked out? As bp are a massive company owned by shareholders/ insti' s etc
RE: Stuff the Scottish thingy at th..
Anything to do with HorseHill drill at the moment you have a good chance of making good money STG and SOLO neck and neck but solo trebled,maybe not much more upturn TRP went to 6 pence on expectation and bombed,thinking the same will happen here just need to pick the right right exit price and horse. Mine are UKOG and STG,sitting pretty at the moment but expect the hysteria to kick in next week with the main rig RNS etc. Using some of my XEL shares,but could never sell them all had them too long now and when this blows it will blow. Knock half of yours out and you maybe get your losses back,which are not losses until you sell
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