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Xcite Energy Share Chat (XEL)


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LEGENDS
Posts: 1,583
Off Topic
Opinion:No Opinion
Price:0.00
RE: RE: Peregrino - heavy oil not q
Tue 08:47
HB. I'll go one better and say. If Cole accepted the very, very generous offer made by Statoil in the summer of 2013, you, I and many others would be sitting on a very hot beach somewhere sipping on a Pina Colada.

Typical accountant: GREED GREED GREED........
 
highlandsbull
Posts: 5,566
Observation
Opinion:No Opinion
Price:0.00
RE: RE: Peregrino - heavy oil not q..
Tue 06:55
Imo DECC/OGA are culpable in all this, just think where XEL would be now if the original funded FDP FSP/SSP had been accepted, and a small oilco newco had not been directed into a hugely expensive EWT by the supposed DECC experts that led to this delusional big boy plan.
LEGENDS
Posts: 1,583
Off Topic
Opinion:No Opinion
Price:0.00
RE: Peregrino - heavy oil not quite
Fri 08:36
Mr Kew has retired from the industry for good, so no chance of him returning.
If Mr Cole knows what's good for him ?????

I would love to know how XER managed to find enough money to last a further four months after we were told the lights were out by late January. What plant equipment did they sell, was it the turbines?

Should XEL been forced into liquidation in December considering XER are still operating six months later?

What is really going on?
What role is the OGA playing in all of this?

Are the rumoured Chinese consortium going to be the new owners? If so they will require personnel with Bentley technical expertise- http://www.xcite-energy.com/about-xer/management-team
Probably why King Cole was forced to resign, after all he had/has no idea regarding surface and sub-surface engineering, or accountancy for that matter.
bodog
Posts: 376
Off Topic
Opinion:No Opinion
Price:0.00
RE: Peregrino - heavy oil not quite
Fri 00:25
Good luck hb, never have had a problem with genuine praise / criticism.
It's just the know it alls that **** me***. (for or against)
Let's hope the Bondholder's have the same agony as shareholders !!!
Which ever way it goes there are not many winners.
Good luck to those that sold at £4,£3,10p or 5p.

Two horse race both horses even money, jockeys Cole & Kew my money, no winner.
Hindsight is a wonderful thing.
highlandsbull
Posts: 5,566
Observation
Opinion:No Opinion
Price:0.00
RE: Peregrino - heavy oil not quite
Thu 22:43
After the agony of being a shareholder here for 7 years it's just interesting to see how this finallly plays out. Quite agree with no definitive news on the new owner so close to lease termination pretty clear even the Bondholders must be sweating on just what portion of their debt will be recoverable. Imo if Cole and Kew have the temerity to show themselves with any future association wiith Bentley some irate shareholder will put a stop to that.
highlandsbull
Posts: 5,566
Observation
Opinion:No Opinion
Price:0.00
RE: RE: Peregrino - heavy oil not q..
Thu 22:36
Don't think you can read much into this, since late 2015 it's gone very quiet on the Jasper. Main point is 'contracted' = no.
bodog
Posts: 376
Off Topic
Opinion:No Opinion
Price:0.00
RE: Peregrino - heavy oil not quite
Thu 20:04
hb.
If Bentley can't sell for $135 million, what chance did we ever have.
XER kitty must be running on fumes & FTI is not a charity.

Maybe Cole & Kew will make a comeback after 30th June 2017.
Sorry to be flippant, Cole & the rest have hurt many people in the last few year's.
I hope the boys on iii can at least put a stop to the legalised robbery that happens daily on AIM.
Horse racing is straighter than AIM, At least you can find a race with a 50% chance (unless Cole is riding)
LEGENDS
Posts: 1,583
Off Topic
Opinion:No Opinion
Price:0.00
RE: Peregrino - heavy oil not quite
Thu 19:12
I see TS Jasper is still under construction and still managed by our old friends COSL.
Not sure how up-to-date that information is.

http://www.rigzone.com/oil/data/offshore-rig-search/rig-profile/1957/jackup/china_oilfield_services_ltd/ts_jasper/
highlandsbull
Posts: 5,566
Observation
Opinion:No Opinion
Price:0.00
RE: Peregrino - heavy oil not quite
Thu 13:22
The point was bodog HO is clearly not dead if STO are going to the expense of expanding Peregrino with the fabrication of a 25k ton jacket and production facility, on the lines of Mariner. we still await the result of the liquidators actions and the approaching expiry in that regard of the Bentley licence for XER. Could the Bondkolders yet fail to sell on and be caught like XEL shareholders in a lemon.
bodog
Posts: 376
Off Topic
Opinion:No Opinion
Price:0.00
RE: Peregrino - heavy oil not quite
Thu 02:53
Ecite (Bentlley is DEAD) Peregriono has a chance.
Enough said, let sleeping dogs die.
Let's hope Rupert & Kew( Lyes) down in a vat of sodium hydroxide or caustic soda and potassium hydroxide.
They have told so many (Lie's) to shareholders & got away with it.
But that's life in England, British Isles or UK. Me I'm English & proud of it.
Time to move on HB.
Good luck to you.




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