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Share Views Episode 9 - Early Stage Investment Opportunities


Xcite Energy Share Chat (XEL)



Share Price: 2.13Bid: 2.13Ask: 2.15Change: 0.00 (0.00%)No Movement on Xcite Energy
Spread: 0.02Spread as %: 0.94%Open: 2.05High: 2.30Low: 2.05Yesterday’s Close: 2.13


Share Discussion for Xcite Energy


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bodog
Posts: 265
Off Topic
Opinion:No Opinion
Price:2.13
RE: Bod
Today 10:25
The technology is there, Bently gave up 149,000 barrels over 68 days in 2012.
The Management were over confident or just not man enough for the job.
Xcite is no Dallas & Rupert is no JR.
At what point did Xcite turn into a supermajor In Ruperts eyes.
RC & SK make no mistake you have hurt thousands of PI's'
With your delusion of grandeur style of leadership.
 
cyan2
Posts: 456
Off Topic
Opinion:No Opinion
Price:2.13
Maersk
Today 09:22
Good morning highlandsbull..

Maersk is splitting up. The new oil business has a full plate it seems and note the interest in gas condensate.

I would be very surprised if they are interested in a heavy oil field any time soon.

"Maersk Oil Seen Surviving Split to Become Independent Producer"

hTTp://www.bloomberg.com/news/articles/2016-09-22/maersk-oil-seen-surviving-split-to-become-independent-producer
highlandsbull
Posts: 5,042
Off Topic
Opinion:No Opinion
Price:2.13
RE: Bod
Today 03:23
Statoil were behind XEL in the development of Bressay then they had lease problems to resolve then the price of oil cratered.

You don't recall the advice from the ceo that the Bentley dance card was full after EWT, at the time oil was in the $100 range. What clearly happened then was they considered proposals unacceptable in their wisdom, and proceeded to the big boy phase, which leaves us where we are now, screwed it seems.

Apart from Amec for guarantor as they'd like the work, just wonder if the bod might have been hoping for BP, having already the off take agreement in place and a ready market via their refineries/marketing for the product. When the mention of Statoil has come it does not seem to be with much warmth, other than the fact the fields are adjacent. Plus of course Maersk for both their north sea focus and available equipment. Just as they invested in the rig for culzean.
pedroh
Posts: 4
Off Topic
Opinion:No Opinion
Price:2.13
Bod
Sat 20:57
Everyone seems to be angry with the bod and I'm sure they've made lots of decisions they now regret. If you consider the big picture and try to piece it all together you may realise their is orher things to consider. Why has statoil never went ahead with the adjacent field? Why were their no buyers when oil was over $100 and rising? Why did decc keep renewing the license. I know xel got the oil to flow a few years back . Then decided not to go ahead with original plans. Could the answer to that be it wasn't cost effective and they had to think like the big boy's. In my opinion the technology is not there yet to drill commercially and unfortunately when this arrives it will be too late for xel
highlandsbull
Posts: 5,042
Observation
Opinion:No Opinion
Price:2.13
RE: toxic
Sat 20:20
Well after this he can always go back to owned office rental, just need to find a new tenant.
highlandsbull
Posts: 5,042
Observation
Opinion:No Opinion
Price:2.13
RE: D4E must be agreed.
Sat 20:16
And what is this costing shareholders in expensive legal fees to work around what is pretty clearly becoming a disaster. The one saving grace may be the bondholders are in a pickle as well, despite having a lien on the field time is running out and there are all sorts of regulatory issues they will have to involve themselves in if they are landed with the 'asset' that nobody seems to want. Better if possible the company can remain afloat minus Bentley and just get back to square one and drill Chadwick. Lighter oil and a cheaper development prospect, back to fsp/ssp if it can be proven up, What a loss of years and millions these people have concocted and presided over.
highlandsbull
Posts: 5,042
Off Topic
Opinion:No Opinion
Price:2.13
RE: Bad timing
Sat 19:17
Exactly in simple terms pure greed.

After the stupidity of not ensuring a rig was ever contracted before having a draft fdp approved by DECC, with the necessity then to amend their plans in panic to a hugely expensive EWT that seemingly has impressed noone other than the execs at XEL, they then go and dump the finance they had in place for a grandiose plan and costs even a major would need to reflect on w/o any alternative funding arranged.

Now they cannot even get back what's been expensed to date, just that expense would be a blessing to shareholders.
cyan2
Posts: 456
Off Topic
Opinion:No Opinion
Price:2.13
D4E must be agreed.
Sat 16:34
Oh to be a fly on the wall during the negotiations with the BH's.

Both have the nuclear option if nothing can be agreed.
The management could threaten to call the administrators in depriving the BH's a chance of the company recovering and their getting the investment back and maybe more , in time.

The BH's could threaten to call the receivers in and destroy the value of managements holdings.

The only logical way forward is agreed D4E. I doubt very much that the BH's will force the company into receivership and risk a 'fire sale' of Bentley in this terrible oil market. They may only get a fraction of the debt back.

All parties need to save the company for the future when a better oil market returns.

How-ever, the other problem is, the necessary re-financing to keep the show on the road and progress Bentley.
Could that be the issue that torpedo's XEL, and sink her into oblivion?.

Talk about taking the negotiations to the wire!
toxicnerve
Posts: 2,387
Off Topic
Opinion:No Opinion
Price:2.13
RE: toxic
Sat 16:10
'Its Impossible ...to tell the world ...' lol oopsy
bodog
Posts: 265
Off Topic
Opinion:No Opinion
Price:2.13
RE: toxic
Sat 13:42
Like a 63-year old chain smoking casino singer working the graveyard shift.
Steady on Toxic.
Thats me.




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