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RNS EXCLUSIVE: Cabot praise 3D seismic mapping after successful winter programme

Member Info for DPrever

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Member Since: Sun, 5th Feb 2012

Number of Share Chat Posts (all time): 816
Number of Share Chat Posts (last 30 days): 0

Last Posted: 20 Sep '12

9 Aug '12

I am going to say that I believe the board did a multi stage placing for 2 reasons. To build a firewall against a hostile low ball t/o and the other reason is they didn't acre about the SP cos the investors who are and have been invested long term will reap the reward through a divi and therefore the placing has served its purpose
9 Aug '12

$12 a barrel on the upgraded reserves which I am sure Statoil know is coming. Personally I want it to be on 200mmbls recoverable because I believe thats possible from the core with EOR but that might just be being too greedy:-)
9 Aug '12

that whatever deal has been done is finalised. RS retired in the knowledge he was getting x amount for his shares guaranteed. The options this morning are VERY normal practice, business as usual then. We were never going to get any transformational news before the 3rd tranche of shares are placed, they did a multi stage placing for a reason and aren't now a day away from the tranche being taken going to deviate away from this path. I still maintain that the 14th August is the key date as if they take the placing then thats the date the last 10 mill will hit the market and i suspect will be gobbled up on the day by news from the EWT. However, for all those reasons believe that there is one piece of news so obviously pointing to a deal having been done that its so glaring you can't miss it. Not one and I mean one quote anywhere from either RS or RC about the change in their positions. Why after so long did neither of these two men make one even conciliatory word towards each other for everything they have achieved together and lets not forget the years they knew each other before XEL. Some may say its because they fell out. I don't believer hat for one second. Its because anything they said about the future direction of the company would indicate to the market what deal has been struck. They have kept their cards close to their chest and don't want to give the game away. RS could hardly say 'Good luck to the team for the future' if the company has already accepted a T/O so better to say nothing all will be revealed soon in their minds. No he would have had to allude to the path the company was taking and in all honesty a path i think they have known about for some considerable time IMO. They just didn't know the figures to put into the draft deal which are in it now I am convinced. I still maintain that XEL are in it for the long term but in a different guise as the one they are seen in now and whatever deal they have done for the long term is done.

RS wanted to retire and XEL are in for the long haul but you can bet your bottom dollar there is a Brucie bonus coming our way and i think its going to be in a form of a dividend for the sale of the core area of Bentley
8 Aug '12

Your right logging off
8 Aug '12

let's be honest even if I had 1 share it would be more than you.
8 Aug '12

8 Aug '12

410000 Buy
8 Aug '12

You don't have a single share in this company I know. Anyway thank you for your detailed analysis of the possible scenarios facing this oil PRODUCING company
8 Aug '12

You don't own one share in this company don't you ever wonder how your life amounted to posting on a BB about a share you own not a single share in? What happened to all those dreams you had?
8 Aug '12

And neither do you and you don't even hold any shares

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