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Xcite Energy Share Chat (XEL)

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Share Price: 14.50Bid: 14.50Ask: 15.25Change: 0.00 (0.00%)No Movement on Xcite Energy
Spread: 0.75Spread as %: 5.17%Open: 15.75High: 15.75Low: 14.50Yesterday’s Close: 14.50


Share Discussion for Xcite Energy


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ceilingcat
Posts: 1,566
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:14.50
RE: Development
Today 14:48
I did a year by year analysis based on the RAR figures for both production numbers (table 8-18 - P50) and the bentley crude prices (table 12-1), as I wanted to see what the impact was on revenue on a year by year basis.
 
ceilingcat
Posts: 1,566
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:14.50
RE: OGA
Today 13:49
You may have been referring to StanleyUK's comment, but that's not what you wrote:

... OGA might be proactive in developing Quad 9 by installing common infrastructure and recovering the cost by a royalty per barrel on the producers who use it?

which is a world apart from assisting operators in marrying a group with a mid-stream infrastructure investor.

Given that drilling for and producing oil is part of the upstream sector, i'm a bit perplexed by this reference to a midstream infrastructure investor. Does it refer to the shared pipeline infrastructure? Was this expected to be a large part of the cost?
Topboy1
Posts: 274
Off Topic
Opinion:No Opinion
Price:14.50
RE: OGA
Today 13:32
I was referring to stanleys comment as below

"OGA will bring Operators together to determine if developments can share common infrastructure, and thereafter if appropriate, assist in marrying the group with a mid-stream infrastructure investor".

OK. Not the OGA themselves but them putting together an additional party to fund the common items.
ceilingcat
Posts: 1,566
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:14.50
RE: OGA
Today 13:20
Yes and no.

You only need to read the legislation covering their creation and remit to know what a silly suggestion that is.
Topboy1
Posts: 274
Off Topic
Opinion:No Opinion
Price:14.50
RE: OGA
Today 13:15
Good afternoon HB. Am I reading too much into what has been intimated here? Are people suggesting the OGA might be proactive in developing Quad 9 by installing common infrastructure and recovering the cost by a royalty per barrel on the producers who use it?
highlandsbull
Posts: 3,661
Observation
Opinion:No Opinion
Price:14.50
RE: OGA
Today 12:50
As that seemed at the time to come from outside left field as a possible option, not been talked about before, perhaps should not be discarded so lightly..
highlandsbull
Posts: 3,661
Observation
Opinion:No Opinion
Price:14.50
RE: OGA
Today 12:48
Wonder if this comes back to the news report of Macquarie funding..
LEGENDS
Posts: 799
Off Topic
Opinion:No Opinion
Price:14.50
Phase 1 Regional Focus
Today 12:06
X111
Posts: 1,466
Off Topic
Opinion:No Opinion
Price:14.50
So, who's it going to be?
Today 09:41
The Chinese
The Norwegians
Or private equity
Who drive BENTLEY to production with Xcite?
Or, a combination?
Knowledgeable investors invest
Simples :-)
StanleyUK
Posts: 125
Off Topic
Opinion:No Opinion
Price:14.50
RE: OGA
Today 08:56
I'm not sure about realising their limitations. I think there are a number of discussions going on with OGA and a number of other parties.

Another interesting snippet from the email linked to your comment (the email is quite lengthy so I can't really post it all up here - plus it breaks the rules...) is this, in reply to a question on the OGA role:
"OGA will bring Operators together to determine if developments can share common infrastructure, and thereafter if appropriate, assist in marrying the group with a mid-stream infrastructure investor".

OGA have previously talked of identifying a number of financial institutions seeking to invest (I paraphrase as can't access the reports right now), so it appears they are actively participating in securing the infrastructure funding to build the hubs, with Quad 9 being one of its most significant opportunities. I don't think they are passive in this, but naturally, if the various parties aren't interested then it doesn't happen.

As for the bonds, I guess we just cross our fingers and prey! Timelines are slipping, it's in our DNA(!), but I think we will get there soon enough.




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