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Xcite Energy Share Chat (XEL)



Share Price: 55.00Bid: 55.25Ask: 55.50Change: -3.00 (-5.17%)Faller - Xcite Energy
Spread: 0.25Spread as %: 0.45%Open: 58.00High: 59.00Low: 55.00Yesterday’s Close: 58.00


Share Discussion for Xcite Energy (XEL)


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slubley
Posts: 176
Off Topic
Opinion:No Opinion
Price:64.50
FDP
14 Aug '14
just listened to the video presentation can anyone tell me what the abreiviation FDP means?
 
slipperyslope
Posts: 1,884
Off Topic
Opinion:No Opinion
Price:63.50
RNS
14 Aug '14
Looks like we have a positive market reaction to the latest position. All looks to be progressing well but might take time.
Blue-Eyes
Posts: 4,699
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Opinion:No Opinion
Price:63.50
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RE: snaffer
14 Aug '14
They also commented at the AGM that it was going very well "a meeting of minds" was the quote
Blue-Eyes
Posts: 4,699
Off Topic
Opinion:No Opinion
Price:63.50
View Thread (3)
snaffer
14 Aug '14
It was RNS'd 6/5

6 May 2014

Xcite Energy Limited

("Xcite Energy" or the "Company")

Collaboration Agreement with Statoil and Shell

Xcite Energy announces that its 100% owned subsidiary, Xcite Energy Resources Ltd ("XER"), has entered into a Collaboration Agreement with Statoil (U.K.) Ltd. ("Statoil") and Shell U.K. Ltd. ("Shell"), which allows all the Parties to make available and share field-specific technical and operational information for the evaluation of potential synergies and collaboration between the Bentley and Bressay Fields.

A joint XER, Statoil and Shell team will work together to analyse the current available information and develop a number of proposals for assessment, including the potential utilisation of common infrastructure, assets and operational solutions during the phased development of the Bentley Field and the future development of the Bressay Field.

XER believes that collaboration in a number of key areas, along with a coordinated approach to an area development, will realise a number of mutual opportunities which have the potential to benefit all stakeholders.

Rupert Cole, CEO of Xcite Energy, commented:

"We are pleased to continue to work with Statoil and Shell in this important initiative and, following their purchase of the Bentley EWT data in 2013, believe that it demonstrates the value that independent oil companies can bring to the North Sea to unlock major energy assets. We also believe that the principles contained in this Collaboration Agreement complement the recent UK Government commissioned report, "UKCS Maximising Recovery Review" by Sir Ian Wood, and will provide an important early framework through which additional value can be captured in area development scenarios."
wetdream
Posts: 289
Off Topic
Opinion:No Opinion
Price:63.50
Looks like
14 Aug '14
the algos have been switched off for the time being.
:-)
Snaffer
Posts: 98
Off Topic
Opinion:No Opinion
Price:63.50
View Thread (4)
RE: RNS
14 Aug '14
"Collaboration Agreement signed with Statoil (U.K.) Ltd. and Shell U.K. Ltd., for the sharing of technical and operational information to evaluate potential synergies and collaboration in the development of the Bentley and Bressay oil fields."

Don't remember anything about this. When did that happen ?
Blue-Eyes
Posts: 4,699
Off Topic
Opinion:No Opinion
Price:63.25
View Thread (2)
RE: Video
14 Aug '14
This one might work better I couldn't get the other one but got this link off II - courtesy IIATG

http://www.brrmedia.co.uk/event/125313/rupert-cole-ceo
timkford
Posts: 275
Off Topic
Opinion:No Opinion
Price:62.00
Video
14 Aug '14
Yeah - I look forward to receiving further updates. Keep them coming.
Sellhigh
Posts: 5,615
Observation
Opinion:No Opinion
Price:61.00
View Thread (2)
Video
14 Aug '14
timkford
Posts: 275
Off Topic
Opinion:No Opinion
Price:61.00
RE: RNS
14 Aug '14
If the company's aim is to reduce the front-end cash requirement, why didn't they just stick to their initial plan to production?

Nevertheless, I'm fairly happy that success is just a matter of time. They are about to conduct the geo-tech inv. for the platform - so some visible progress.. I guess they can't specify how long their near term objective for fdp submission is. They would get kicked for being pessimistic and kicked for missing a date. I suspect the collaboration and enhanced partnerships will deliver best long term value.



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