2003 P1078 Licence awarded during the 21st Promote Licencing Round
2007 Competent Persons Report (“CPR”) prepared by RPS Energy based on well data from AMOCO and Conoco appraisal programmes, XER raises $20 million in private equity raise,Initial Public Offering raises $30 million
2008 Successful flow test of 9/3b-5 well
2009 Updated CPR prepared by RPS Energy based on results of 9/3b-5 well test
2010 XER entered into an agreement with BP to market and sell Bentley crude oil in return for an incentive-based fee per barrel, Successful commercial flow test on 9/3b-6z well
Q1 2011 Rowan Norway jack-up rig contracted for First Phase Development (”FPD”) programme
Q1 2011 P1760 and P1761 Licences in Blocks 9/3c and 9/3d awarded during the 26th Licensing Round
Q2 2011 Reserves Assessment Report by AGR TRACS – Bentley upgraded to Reserves Status with 28 MMstb of 2P and 87 MMstb Contingent Resources
Q4 2011 Submission of the FDP to DECC
Q1 2012 Reserves upgrade by TRACS to 116MMstb of 2P reserves for Bentley core-area Q1 2012 Phase 1A drilling commenced
Q2 2012 Signing of a US$155 million Reserves Based Lending Facility with a leading group of lending institutions, which shall be used for a substantial part of the overall funding of Phase 1B of the Bentley field development.
Q4 2012 Successful conclusion of Phase 1A
Q2 2013 Reserves Assessment Report by AGR TRACS - Bentley Reserves increased to 250MMstb of 2P and 46MMstb of Contingent Resources
Q1 2014 Reserves Assessment Report by AGR TRACS - Bentley Reserves increased to 257MMstb of 2P and 48MMstb of Contingent Resources
Q2 2014 Successful issuance of $135 million Senior Secured Bond by XER
I never called anyone's bairns ugly , tho I might have made reference to "wir ugly twin" but seems its got past the plukey prepube stage an low an behold the phone might have been ringing an popularity could have risen. ( admin I already edited the **** out of that btw) Marth, we aint allowed to post anything that's an unsubstantiated statement anymore, but can't see the BoD managing to stay tight lipped for long if some of the guesswork is bang on the nail.
would do anything for a concrete fact at the mo........lots of assumptions and guesswork but the blighters are keeping extremely tight lipped thats for sure......the one thing we do know for sure is we have oil by the cartload......more patience required
Blue , strange that eh, I guess where there's a will etc. Bit like this , with so many armchair financiers and bedroom geo's seemingly thinking they have a better hold or train of thought on what the BoD themselves are doing day to day. Then the same commentators eventually tie themselves up into such a knot of negativity they just can't see the forking wood for the trees or the benefit of an investment with pretty limited downside yet with the right RNS quite serious upside. I know their feeling I was one until short while back ;)
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.