With the countdown to the expiry of both chadwick and bentley leases they need to move fast to try to optimise any value from xer.
The fact that the company has been kept alive and the liquidators know they are under scrutiny plus marketing was supposedly going on up to 2/12 hopefully some clarification not too far off, one way or the other..
Don't be too tough on Overman CC, I feel he was swept along by the likes of Marthasson ,Legends , Carla & Takahe plus few other delusional posters. He no doubt saw the likes of you & I as a threat as we were barracked by the above Boiler ganag ,that IMO , he had no part of, but still believed in this company. To be fair why would he not, I did but did not swallolow all the guff, which to honest was mainly promoted by legends or should we re name him 360.
Hi Overman hope things are good as can be expected with your self, hope your wife i recovering . Regarding CC, you have read him wrong, I'm 100% confident that he was not a shorter of any sort ...ever, if he did at the end good luck to him, in fact good luck to anyone who managed to ...very dicey game there though & CC is not stupid guy,so I doubt he did.
Lets concentrate on the Liquidators findings, I will be quite interested 'If' they do investigate the Bod, highly unlikely ...but we'll have to wait & hope.
Imo the problem is that there is, finally, a substantive proven asset. The pity is management has proven completely incapable of starting or selling it for even partial production despite having two options for same, even seemingly laying out a big boy plan that no one seems to want that is 1/2 the cost of the adjacent sto mariner project.
Yet you have never been able to articulate why. I have always been open and honest here. That you think I'm a seasoned professional makes me know you've no idea what you're talking about.
I'm just a 40 something PI who has no more clue than anyone else about what's going on, but I am able to understand when people make stuff up, lie and distort the facts.
In future, should you hang around other share boards, you would do well to listen to dissenting opinion rather than dismissing anything that you don't agree with out of hand. Not everyone who has a different opinion has an ulterior motive or is in the pay of hedge funds, bondholders or market makers. Neither are they always shorting the share.
You may recall the man people were fawning over a couple of months back, crazyhorse69, telling you all what you wanted to hear about how a deal was imminent and good news was on the way. All with absolutely no substance, and look what happened.
Successful investors do well with good solid research, and not listening to rumour with dubious provenance. I am not your enemy, but my goodness do you make it hard for me to take you seriously overman.
Imo they got out of the RN in panic, partly the cost, they probably hoped to have had a jv partner lined up but probably greed it never happened, also the rig legs length looked marginal, penetration perhaps, also indicated by the change to the N Plus proposal, more air gap.
Jonjo don't you start thinking its way above your station as for the cat he was always shooting posters down in flames it's my opinion only that he was shorting xel you come into the category of a day trader scratting about
DECC put up as many hurdles as possible to stop Xcite Energy Ltd developing what is now one of the largest proven Heavy Oil fields in the UKCS.
Then as you quite rightly put it. The OGA appear as if by magic, promising the world to all involved in the UKCS.
You would almost think that HMG never wanted a minnow like XEL owning 100% of a key UK asset. You would almost think that HMG have had a plan for Bentley and Quad 9 for many years now, that didn't involve minnows getting in the way. You would almost think that HMG have a preferred operator from the far east waiting in the wings. All part of the wider UK PLC deal.
We the shafted shareholder will find out soon enough.
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