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Xcite Energy Share Chat (XEL)



Share Price: 66.75Bid: 0.00Ask: 73.00Change: 0.00 (0.00%)No Movement on Xcite Energy
Spread: 0.00Spread as %: 0.00%Open: 71.25High: 71.25Low: 66.00Yesterday’s Close: 66.75


Share Discussion for Xcite Energy (XEL)


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highlandsbull
Posts: 685
Observation
Opinion:No Opinion
Price:60.25
View Thread (6)
RE: Wood report implication NOT so ..
31 Mar '14
Slightly disagree, the Wood review and comment also applies I think to small dog/big dog scenario to help protect the smaller companies against the big guys attempting to squeeze them out, or just having a small production that can go through in situ pipe etc. In the case of XEL -v- say Statoil even more important because the joint resource is large, and considerably more cost effective if developed jointly. Sure both can do each on the scale it is, (we hope) but the savings by agreeing to have shared facilities, and probably also enhanced production, are huge.
 
footpad
Posts: 52
Off Topic
Opinion:No Opinion
Price:60.25
View Thread (2)
Phase 1A
31 Mar '14
Can't help but feel that the sudden leap from Phase 1A to Phase 1 would not have been taken without some form of informal verbal indication of interest from the potential partner -even if no figures were specified.
The 'door remains open' remark suggests to me that some kind of proposal has been made but the terms are not good enough. It could be the $/barrel offer or (more likely) too high a % share being sought by the potential partner.
It could also be to do with timing. XEL are raring to go but others have not had time to work through their options -especially if they had to re-work previous plans.
I do know that as presented by the RNS, we are in a risky position.
Something needs to be done to re-assure investors. There's faith and there's blind faith.
How long can the SP take these losses? Certainly not through to Q3/Q4.
The SP will probably bounce at some point. I had hoped it would have been today, but today's losses have been more than double those of Friday.
CHAPPI
Posts: 5,618
Observation
Opinion:No Opinion
Price:60.25
View Thread (6)
RE: Wood report implication NOT so ..
31 Mar '14
The company is evolving a strategy which aims to keep options open and be complementary to a farm-out, while continuing to progress the Bentley field IMO
CHAPPI
Posts: 5,618
Observation
Opinion:No Opinion
Price:60.25
View Thread (6)
RE: Wood report implication NOT so ..
31 Mar '14
mouseman, personally I don't think the Wood Review and it's recommendations apply to a field our size, I think it's more to target the smaller fields to work together:

"But in the 1990s and 2000s that has given way to a much larger number of mostly smaller fields and a plethora of independent operators.

Some are behaving in ways that are detrimental to maximising oil and gas recovery, according to the review, and must be given new incentives to force them to cooperate for the benefit of the industry and the country as a whole."

We have a large field which is quite adequate as a standalone imo.
highlandsbull
Posts: 685
Observation
Opinion:No Opinion
Price:60.25
View Thread (6)
RE: Wood report implication NOT so ..
31 Mar '14
Unfortunately XEL have dickered around with production plan options, and with other problems such as with the flow test, RN rig delay, the EWT and results from same, a start date for production is receding into the distance once more. XEL may after all this time conceivably be back to the old 1a plan, perhaps not a bad idea at least if there is a rig around, and RBL funding increased to get things moving, finally. With 2-3 wells already in place, produce and drill, one might dream things could kick quite quickly into gear. Or Statoil could yet in the weeks ahead positively jump off the fence and we might be back to plan B again..
marthasson
Posts: 3,091
Off Topic
Opinion:No Opinion
Price:60.25
hahahahaha
31 Mar '14
we've certainly had our fair share of carp written here today eh ? :-)
spacedog
Posts: 1,015
Off Topic
Opinion:No Opinion
Price:60.25
glad I am in TRP
31 Mar '14
There could be a 10-20 bagger if oil discovery soon.
Then top up here.
CHAPPI
Posts: 5,618
Observation
Opinion:No Opinion
Price:60.25
pg jackson
31 Mar '14
lol
MOUSEMAN
Posts: 72
Question
Opinion:No Opinion
Price:60.25
View Thread (6)
Wood report implication NOT so bad?
31 Mar '14
I'm no expert but I cannot think the Wood report/future Govt Policy would say we must 'hub' at any cost e.g. a $1/b buy out; though its to be taken away from huggers who want $100: surely 'hub at a realistic price for the oil present' is the intent but perhaps this is a practical implication overlooked [ or I havnt seen the finer print?]. I also recall, as an even newer BB member asking more than a year ago why we didn't continue to fill other [BP] tankers whilst waiting for all the other stuff that's been going on for ages? Was the rig and tanker anchors just too expensive to keep there - presumably changing to a less 'cutting edge' crew once it was 'just' pumping out. Negotiating from a position of strength and cash flowing - or am I just a prat who doesn't understand the licencing complexities.
pg_jackson
Posts: 9
Off Topic
Opinion:No Opinion
Price:60.25
View Thread (7)
RE: RC comment
31 Mar '14
Because it's not in quotation marks.



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