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Xcite Energy Share Chat (XEL)



Share Price: 61.75Bid: 61.00Ask: 61.75Change: 0.00 (0.00%)No Movement on Xcite Energy
Spread: 0.75Spread as %: 1.23%Open: 60.00High: 61.75Low: 59.50Yesterday’s Close: 61.75


Share Discussion for Xcite Energy (XEL)


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TheirThere
Posts: 219
Observation
Opinion:No Opinion
Price:67.00
View Thread (3)
RE: spike
25 Jul '14
I suspect there are many out here in the same boat.

Ready about and shiver me timbers (Vicar!).

ATVBLTH
 
thebottomline
Posts: 340
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:67.00
View Thread (3)
RE: spike
25 Jul '14
True but the rise came so out of the blue, with hardly any trades at all right up to the rise,
maybe that's the answer, an easy day to manipulate the share price.
Ah well I sold some BLVN at what will probably turn out to be just the wrong time and bought another £10k of this at about 70p so it wasn't all a waste of time :-((((
One day I will get one of these right !
TheirThere
Posts: 219
Observation
Opinion:No Opinion
Price:66.50
View Thread (2)
RE: spike
25 Jul '14
A sniff and whiff of a news related item, the high pressure/temp stuff, then the ramptastic crew arrived (now not posting) and the shorters who walked it down from 68p running for cover.

WWTBOOTOTW?

Bit early?

Hydration a-callin'.

ATB
highlandsbull
Posts: 1,101
Observation
Opinion:No Opinion
Price:66.50
View Thread (3)
RE: guys guys guys
25 Jul '14
Sorry to contradict you but yes there has, look at the p29 of the June 2014 Corporate Presentation. New build unit timeline could be 3 years from order if that is the route they go, so as and when the FDP confirmed by DECC start from there, and see what weather window it falls into close to delivery.

In addition, Aibel, one of XEL's MOU partners advised in their 23/7 PR on the subject of the platform that was expected to be onsite 2017.
wahlberg
Posts: 36
Off Topic
Opinion:No Opinion
Price:66.50
View Thread (3)
spike
25 Jul '14
To be fair, the £2m worth traded on LSE on Wednesday isn't exactly a big amount.
thebottomline
Posts: 340
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:66.50
View Thread (2)
spike
25 Jul '14
What was that spike about this week,
in my v limited experience it didn't seem like a pump and dump but wdin
Anyone think there might be some news imminent, maybe on the rig?
Radney
Posts: 4,282
Off Topic
Opinion:No Opinion
Price:66.50
Hku
25 Jul '14
Yep, it's been a dreadfull time since the excellent ewt.

Despite being a patient sort and quite happy to hold long term its becoming a slog.
would be nice to see some extreme highs and lows to continue trading averages down
marthasson
Posts: 3,521
Off Topic
Opinion:No Opinion
Price:66.50
View Thread (3)
guys guys guys
25 Jul '14
settle down and look at the facts.......there has been no mention from the board as far as i know of production in 2017
nobody knows what is going on at the moment thats for sure, as the few RNS's we have had shine little light on the way they are moving forward......it is frustrating yes but we must not make assumptions and keep faith in our asset....GLA
CHAPPI
Posts: 5,799
Observation
Opinion:No Opinion
Price:66.50
HB
25 Jul '14
"we are not going to work with banks putting those impediments in the way"

They did put "impediments" in the way and we continued working with them lol!

They added that certain criteria needed to be met to secure RBL and those "impediments" were overcome during the EWT, only an idiot would argue that that wasn't the case! It's all in black and white!
highlandsbull
Posts: 1,101
Observation
Opinion:No Opinion
Price:66.25
View Thread (2)
RE: CHAPPI
25 Jul '14
Of course not. It's just useful for them to have it, more cover, especially as it was not paid for by them, but this had to be a DECC push.

What's also curious though, with the spread offshore at the time, and the cost of same, particularly with RC's comment at the last AGM re cost of laying more undersea pipe as a plus for the FSU close to the platform, was that XEL seemed unwilling to optionally move on to the new 1st phase B straight away, drill and produce after they had run the requested EWT. It was clear from both the EWT and the earlier ON flow test they were in a fleld that they'd proven could produce. Were they being ultra cautious re the opportunity that came up to early terminate the rig contract, just in case the EWT did not work, and/or had they been persuaded a successful EWT might bring in a jv partner at an early date that could operate/provide their own equipment?

Why did they not have some form of proviso in with DECC for them to agree for XEL to continue to production with everything on site if conditions found from the test wells warranted so doing. Banks also could have been in the line for RBL based on the existing at the time, and proven with the EWT larger reserves to back a large loan. Now the whole show has to be brought back again 5 years from being on station for the EWT. Any new equipment, platform, purpose FSU etc., could have been introduced as available while the field was producing and being further proven up at the same time with the purpose j/u rig they had, and are now going to have to re-book once more.

Sigh, chappi will no doubt point me to the errors in my thoughts..



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