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Xcite Energy Share Chat (XEL)


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highlandsbull
Posts: 5,613
Observation
Opinion:No Opinion
Price:0.00
RE: Shame we weren't called Carillo..
Tue 13:48
Yes was thinking the same, like stuck pigs as soon as exposure to their failings or interests is open to scrutiny as to complete incompetence or dishonesty, suddenly all the powers of government so absent with XER are being lined up to mitigate the damage.
 
GottaDoSomething
Posts: 355
Off Topic
Opinion:No Opinion
Price:0.00
Shame we weren't called Carillon...
Tue 13:35
From the BBC:- "The government has ordered a fast-track investigation into directors at the failed construction firm Carillion.
The UK's second biggest construction firm went into liquidation on Monday, after running up losses on contracts and struggling with heavy debts.
The Business Secretary has asked for an investigation by the Official Receiver to be broadened and fast-tracked.
The conduct of directors in charge at the time of company's failure and previous directors will be examined."

Maybe there are Cabinet Ministers who were invested.......
toxicnerve
Posts: 2,639
Off Topic
Opinion:No Opinion
Price:0.00
RE: All seems familiar...
Sun 14:01
Last I heard he was splitting his time between living it up with "All" his hedge fund mates & pushing the tea trolley around the new Whalsay HQ...living the dream.
ceilingcat
Posts: 2,872
Off Topic
Opinion:No Opinion
Price:0.00
RE: All seems familiar...
Fri 18:49
I miss LEGENDS. Whatever happened to the old duffer?
toxicnerve
Posts: 2,639
Off Topic
Opinion:No Opinion
Price:0.00
All seems familiar...
8 Jan '18
highlandsbull
Posts: 5,613
Observation
Opinion:No Opinion
Price:0.00
RE: Bodog, your 387 post..
8 Jan '18
All I am saying is it's very curious that the former big hitters in XEL or stated major pi investors failed at least to take up the cudgels with OGA under foi, shake the shady tree to determine what exactly had been requested or stated and by whom. Why the Bondholders, or no doubt their by then XER minions prior to the termination of the XER lease, clearly had to have had discussions and approval for a four year lease extension. Why was this concession not considered and given in good time to old XER.
bodog
Posts: 388
Off Topic
Opinion:No Opinion
Price:0.00
RE: Bodog, your 387 post..
25 Dec '17
It's not my wish HB, But it is over.
Rupert has/ will walk away a free man, killing little investors.
It's our mistake to believe in R Cole.
LIE AFTER LIE but hey ho thats English justice.
New venture PARSDOWN LIMITED,
Hambledon Beech Drive, Kingswood, KT20 6PS.
Sent letter after letter & give him S***
buying and selling of own real estate.

Rupert is a man of many talents, The Man Is A F****** C***.
GIVE HIM S*** IF YOU EVER MEET HIM.
HB It, not personal, Most people have been raped by Mr Cole.
Don't make it right, but thtat is the way It Is.
HB have a great new year.
bodog
highlandsbull
Posts: 5,613
Observation
Opinion:No Opinion
Price:0.00
Bodog, your 387 post..
25 Dec '17
despite your fully merited grief against the characters mentioned, your wish for all related to shut up shop and disappear is exactly what these people you despise, the XEL BOD, UK 'Institutions', whoever, would wish for, that the sooner we all forget the better. Any exposure imo that can be given to this management and investor disaster, even now, is worthwhile if even one action of consequence can yet be taken against the parties that led to this fiasco. Bregds..
highlandsbull
Posts: 5,613
Observation
Opinion:No Opinion
Price:0.00
RE: CV Fakers
25 Dec '17
Imho and wth the extended timeline being given, this will all come back, surprise surprise, to a joint development of Bentley/Bressay with the resurfacing of same prior no show characters involved there.
highlandsbull
Posts: 5,613
Observation
Opinion:No Opinion
Price:0.00
RE: CV Fakers
25 Dec '17
that time and prior 4Q '10. DECC must have known that XEL contracted the RN at $60m cost to go for FDP after the 6 well, but someone sat and gave clearly no support until the fiasco around 11/11 eventuated. There is no genuine reason imo that XER could not have gone out and done as they proposed, got cashflow going in the process while testing the wel(s) at the same time to obtain the data supposedly required by the jobsworths in DECC. In the process of course XER could have developed with TRACS the real size of the field, to merit further funding.

Secondly to 2016 and events that led to OGA awarding exclusively, without first enabling XEL/XER, prior cancellation or re-tender, a four year extension of the Bentley lease to these unknowns to the public and even now, Bondholder characters. OGA by their non disclosed action effectively stuffed the investors and the company that had paid for and explored the field.

Would you for example not like to know whether XEL/XER in it's original capacity, and prior to deliverance by same executives to the Bondholders, ever requested of OGA a four year extension on behalf of XEL/XER, prior to parachuting themselves with clear conflict of interest imo into the newco? Or did they say nothing, and just jump after their new setup was in place? I sure would, with it's terminal effect on XEL.

If I was a substantial shareholder and had the financial capacity I would bring a lawsuit against OGA and the BOD of XEL for non-disclosure and mismanagement, in the case of OGA non disclosure, partiality to unknowns, exceeding their remit and allowed course of action. At the very least OGA should be made to disclose whether the extension request was ever put to them by the BOD of XEL/XER as it existed. Why was it not allowed for they and shareholders be given a chance with the known disastrous situation prevailing in o&g in the prior two years, to modify existing or seek new funding prior to the lease termination time, yet quite acceptable clearly by action taken by OGA to give partiality to unknowns. Imo completely smacks of back door underhand dealings supposedly in the name of confidentiality to undisclosed persons. OGA s a public appointed body and should be open to public scrutiny, particularly when matters of substantial seeming private financial interests and matters are the issue for a significant amount of UK investors interests in a formerly UK plc.

I can only add as long as there is life and doubt there has to be hope someone remains in a position to act. As point of interest to support this contention I retain stock in an oilco that supposedly expired through suspected crooked action 10 years ago. Yet even now substantial original investors, if they have the capacity and b**** to not forget, have been prepared through ICSID now to continue to press for redress from the parties directly involved in their loss, that led to the company being sold off at huge profit by others. JMHO, and happy Xmas to y




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