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Xcite Energy Share Chat (XEL)


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highlandsbull
Posts: 5,595
Observation
Opinion:No Opinion
Price:0.00
just thinking..
12 Sep '17
this newco must have taken on with OGA in securing the lease extension a guarantee for sea bottom cleanup that was to be undertaken before commencement of the unfunded Mk. 10 plan.
 
sadandskint
Posts: 16
Off Topic
Opinion:No Opinion
Price:0.00
RE: More passing the hot potato..
31 Aug '17
Ditto
I received the same standard bull.... Reply
toxicnerve
Posts: 2,633
Off Topic
Opinion:No Opinion
Price:0.00
More passing the hot potato..
31 Aug '17
...well like warm really.
I posted off a few letters had nothing from my own MP but received this Guff from
this lot of comfy cats.

Business, Energy and Industrial Strategy Committee
11:24 (22 hours ago)

to me
Dear Mr Toxicnerve

Thank you for your email regarding Xcite Energy Ltd. The BEIS Select Committee normally does not launch inquiries into specific cases or companies. Presently, we are still awaiting for the Members of the Committee to be appointed and for them to agree an agenda for over this Parliament. As you can imagine, there are a number of issues that the Committee might decide to focus on and the Committee might continue to be concerned by the impact of the UK’s withdrawal from the EU on the various policy areas that fall under its remit.

You may wish to consider referring your case to the UK Listings Authority (FCA), if you feel that Xcite made misleading statements about what they could deliver and/or their performance. Information about making a complaint to the UKLA can be found at: https://www.fca.org.uk/markets/ukla/contact/complaint-against-issuer.

Thank you taking the time to contact the Committee.

Ian Cruse

Ian Cruse | Committee Specialist | Business, Energy and Industrial Strategy Committee
House of Commons, London SW1A 0AA
Tel: +44 (0) 20 7219 4320
Text Relay: 18001 20 7219 4320
Web: www.parliament.uk/bis |Twitter: @CommonsBEIS

Subject: the Conduct of the Board of Directors of Excite energy and also the role of the
Business, Energy and Industrial Strategy Committee
beiscom@parliament.uk
bodog
Posts: 386
Off Topic
Opinion:No Opinion
Price:0.00
Time to say goodnight
24 Aug '17
On Excite IT'S OVER give Rupert hell if you meet him.
Well paid for failure yes, but that's life, move on.
Good luck to all shareholders.
highlandsbull
Posts: 5,595
Observation
Opinion:No Opinion
Price:0.00
RE: This the reason Maersk never
23 Aug '17
hearsay this buyout came as shock to most in Maersk Oil, suspect reason was failures in other parts of their business, containers, logistics etc.
highlandsbull
Posts: 5,595
Observation
Opinion:No Opinion
Price:0.00
This the reason Maersk never
21 Aug '17
fronted up as a buyer for XEL, wanted out rather than expand..

http://splash247.com/maersk-oil-sold-total-7-45bn/
ceilingcat
Posts: 2,862
Off Topic
Opinion:No Opinion
Price:0.00
RE: Help required
7 Aug '17
Just let them know you invested in a speculative non-revenue generating oil company 8 years ago and didn't bother to sell out when it was riding high or later as the oil marked collapsed because people on discussion forums continued to say what a great bet it was, and that the chief executive made lots of noncommittal but positive sounding statements at AGMS, in RNS's and video presentations and that they finally ran out of money because it's a horrible market to try and bring an offshore heavy oil field to production that needs huge sums of investment due to the collapse in the price of oil.
ceilingcat
Posts: 2,862
Off Topic
Opinion:No Opinion
Price:0.00
RE: Next step
6 Aug '17
It would help if you got the company name correct - "Xcite Energy Limited" (a company incorporated in the BVI)
sadandskint
Posts: 16
Off Topic
Opinion:No Opinion
Price:0.00
Help required
6 Aug '17
I have sent my letter to the clerk of Commons Committee and also cc my MP. I have received a reply from my MP asking for more information so he can investigate further. I know there are alot of people on here and III who have a wealth of information and knowledge regarding Xcite which would be more than i can provide. Would anyone be willing to share so i can forward to my MP who can hopefully take this onboard.
Thanks in advance
westsider
Posts: 190
Observation
Opinion:No Opinion
Price:0.00
Next step
5 Aug '17
I would like to ask all interested to write to the clerk of Commons Committee asking them to
request a motion be put forward for a commons select committee enquiry into the conduct of the Board of Directors of Excite energy and also the role of the OGA in this matter.

http://www.parliament.uk/business/committees/committees-a-z/commons-select/business-energy-industrial-strategy/contact-us/

Wouldn't hurt to cc your MP either.




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