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Xcite Energy Share Chat (XEL)



Share Price: 44.25Bid: 44.25Ask: 44.50Change: -0.25 (-0.56%)Faller - Xcite Energy
Spread: 0.25Spread as %: 0.56%Open: 44.50High: 45.75Low: 43.50Yesterday’s Close: 44.50


Share Discussion for Xcite Energy (XEL)


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Lymond
Posts: 50
Off Topic
Opinion:No Opinion
Price:42.00
View Thread (5)
RE: Media video
21 Oct '14
Rowman, handling oil at the surface and keeping it flowing is much easier than trying to make it flow in the near wellbore. Submersible downhole pump tech is expensive, has issues and is difficult to service. Anything that can be done to maintain the downhole temp to help pumps and flow will be a massive benefit. Plus, they have an EWT to prove they can already cope with the oil.
 
Rowman_Oohmwrels
Posts: 126
Off Topic
Opinion:No Opinion
Price:42.25
View Thread (5)
Media video
21 Oct '14
I thought it strange that it switched from details of another MOU to a demonstration of pouring Bentley oil into a glass after being heated to 40 degrees. Apparently the reservoir temp is 40 degrees. Previous operators on Bentley couldn't lift the oil because they were using ambient temp brine in down hole fluids which cooled the near well bore. By heating the brine in down hole fluids the oil is mobile. The problems arrive after the oil is lifted to surface where the average temp in winter is about 7 degrees. Separation, storage and transport would seem to be more difficult when the temp drops closer to the pour point which is the ability to flow with liquid properties. Perhaps a more viable demonstration would be to pour the oil into a glass at surface temp. Big difference.

Good read below detailing how they overcame the down hole temperature problems.

http://www.agr.com/case%20studies/well/09-WE-024%20rev1sm.pdf
SlipDoom
Posts: 1,841
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:42.00
A
21 Oct '14
few of these into the bottom drawer for me.
wetdream
Posts: 334
Off Topic
Opinion:No Opinion
Price:42.75
Even Jabba the Hutt
21 Oct '14
is more positive on AIM oilies in the longer term

http://www.iii.co.uk/tv/episode/gulf-keystone-xcite-energy-ithaca-energy
Yanchep
Posts: 782
Off Topic
Opinion:No Opinion
Price:42.50
Liberum's note following RNS ...
21 Oct '14
Taken From ii board

is upbeat and TP maintained at 263p.

As a "stress" scenario, even if Brent was to drop to $80pb and STAY there forever, Liberum projects SP at 133p i.e. 3X where we are (last para). They expect ".. a series of positive updates to come".

By the way, futures beyond Dec 2016 currently stand at $90pb.

http://www.cmegroup.com/trading/energy/crude-oil/brent-crude-oil-last-day.html

Here are the salient extracts:

" Xcite Energy

Baker Hughes joins Bentley partnership

Buy

Target price 263p | Published price 42p
Baker Hughes has joined the partnership of service companies seeking to develop the Bentley field. All the major services required, except the drilling rig, are now covered by MOUs. As those are converted into detailed contracts and the development plan submitted to DECC, we expect the Xcite price to move toward asset value. Even at US$80 Brent, this
offers significant upside.

....

There should be a series of positive updates to come as a rig contractor joins the partnership and MOUs are converted into firm contracts detailing the provision of services, commercial terms and risk sharing. Then, in 2015, the development plan can be submitted to DECC and the capital costs, lease costs and timing will become clearer.

....

View
Such progress should provide the catalysts to move the share price closer to our unchanged 263p target price (based on the value of 2P reserves at US$100 Brent). The E&P sector and Xcite have been hit hard recently by concerns that the oil price is heading towards even low levels and will stay there. Our value of Bentley is subject to change when the development costs and the terms of commercial agreements with service providers are finalised. But, at present we would value Xcite at 133p if Brent stayed at US$80 forever. "
CHAPPI
Posts: 5,882
Observation
Opinion:No Opinion
Price:42.50
View Thread (5)
RE: Xel
21 Oct '14
EssexMatt

We are in a very fortunate position regarding a farm in partner (i.e we don't need one to fund Bentley), read below the statement made by RC to Upstream on September 14th 2014:

"While not disclosing the identity of the farm-in candidates, Xcite chief executive Rupert Cole said the ongoing process would not be allowed to disrupt the development timeline for the field, which is set to be brought on stream in mid-2018 after expected approval of the development plan by the middle of next year.

“We aim to progress these discussions as quickly as possible but we are not dependent on finding a farm-in partner and are intent on executing our plan A for the scheme,” he told Upstream on the sidelines of the Pareto Securities conference in Oslo."
bluedaysturnred
Posts: 33
Off Topic
Opinion:No Opinion
Price:42.50
Gonna stick my neck out
21 Oct '14
here and state that I think we will be level or even slightly blue by the end of today! Course I know jack........
Yanchep
Posts: 782
Off Topic
Opinion:No Opinion
Price:42.25
View Thread (2)
RE: Director Purchase
21 Oct '14
he has an average of 55p with his last two buys and has spent 40k of his own money.

55p is a very good average but he now needs about 30% to break even
Yanchep
Posts: 782
Off Topic
Opinion:No Opinion
Price:42.25
View Thread (5)
RE: Xel
21 Oct '14
A farm-out partner may come later down the line, that’s not how XEL are going to fund the FDP
EssexMatt
Posts: 1,762
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:42.25
View Thread (5)
Xel
21 Oct '14
Still need a farm out partner though



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