...has it been sold, who owns it now , who were/are the bondholders, its cost us enough so i think we have paid the subscription fee to know ?
In the event that at a distant future we may get respite ie sue Cole & co who thinks its a good idea to have the paper certificate for the shares...well as it maybe a long wait I'm getting mine. If nothing else if I ever get the urge to place any money on the next AIM sure thing I'll have something tangible to wipe away the tears...
LEGENDS do you think shareholders give a FCUK if it's a Chinese consortium or Maersk ?. POO $100 plus, dance card FULL, share price will triple ect, all from BOD mouths. No deal why ? egotistic, out of there league wannabes. JMO. Last AGM judge me when the deal is done (H'mm let me think !!!) You keep trying to justify you decisions why ? you was wrong like many others. COLE & KEW & THE REST HAVE FLEECED SHAREHOLDERS
The mishaps the BoD were responsible for happened long before the issue of the Sembmarine FSO or the oil price drop. These issues merely added to the woes initiated years before. The production project should have been underway in 2011 as an FSP.
highlandsbull. Two main problems that shafted us (XEL) were out of the BODs control.
First was back in the summer of 2015. Our FSO provider was on the brink of collapse. This caused serious implications towards Bentley FDP and was a major setback for XEL. Remember this- Xcite looks to team-up with SSP for Bentley •08 January 2016 01:00 GMT •UK-based junior Xcite Energy is understood to be seeking a partnership with US-based floater technology provider Semb¬marine SSP covering the design and engineering of a cylindrical floating storage and offloading unit to develop its wholly- controlled Bentley heavy oil field in the UK North Sea, write Rob Watts, Steve Marshall and Ole Ketil Helgesen. •If it goes ahead, the new partnership would replace an earlier memorandum of understanding between Xcite and Teekay Shipping, reached in 2014, for the supply of a Sevan Marine- designed cylindrical FSO, said industry sources.
2nd- POO hit an all time low of about $27 a barrel just as Xcite and prefered partner were about to complete financial DD. Unfortunately that was the game changer and we know what happened next.
quite agree Kew is a major contriutory factor to this disaster, executive director, no organisational or financial nowse to be coo, poor contact with DECC, no backup behind his grandiose evaluation and development plans, either partner or funding. The required data could have been obtained on a much smaller budget and why with a rig in place could this have not moved straight to fsp as per the plan they could afford.
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