Register
Login:
Share:
Email Facebook Twitter

XEL Share Chat - RSS Feed

Xcite Energy Share Chat (XEL)



Share Price: 69.50Bid: 69.75Ask: 71.00Change: 0.00 (0.00%)No Movement on Xcite Energy
Spread: 1.25Spread as %: 1.79%Open: 66.50High: 72.75Low: 67.25Yesterday’s Close: 69.50



Share Discussion for Xcite Energy (XEL)


Thread ViewThread View
Please Login or Register to post messages
Posts per page:


CHAPPI
Posts: 5,778
Observation
Opinion:No Opinion
Price:64.75
oops sorry!
18 Jun '14
Missed a bit off this post:

onjo, I did say "as such", of course there is still a value even now but nothing like the NPV10 numbers TRACS issued and that's the disconnect between the asset and the SP people >>>>tend to refer to<<<.

And that's what we are talking about NPV10 disconnect to SP, not a TO price!
 
CHAPPI
Posts: 5,778
Observation
Opinion:No Opinion
Price:64.75
View Thread (3)
RE: Chappi
18 Jun '14
P.S

I am 110% certain we will get FDP, but the market isn't me is it? (and it's not making any assumptions as I am!)

ATB
CHAPPI
Posts: 5,778
Observation
Opinion:No Opinion
Price:64.75
View Thread (3)
RE: Chappi
18 Jun '14
jonjo, I did say "as such", of course there is still a value even now but nothing like the NPV10 numbers TRACS issued and that's the disconnect between the asset and the SP people.

And that's what we are talking about NPV10 disconnect to SP, not a TO price!
The-Lockie
Posts: 839
Question
Opinion:No Opinion
Price:64.75
I"ll ask again !
18 Jun '14
Chappi, you seem very knowledgable and well informed and very positive, i'd be interested to know what you hope to see the sp at after FDP approval and lead up to it.... Your opinion only , not going to hold you to it !!

100-120p
120-140p
140-160p

???L
CHAPPI
Posts: 5,778
Observation
Opinion:No Opinion
Price:64.75
View Thread (2)
RE: chappi well said
18 Jun '14
tuscan

I think people fail to understand why the disconnect of NAV and the SP.

Its simply because NAV is on assumption we actually have an asset, without FDP we haven't got an asset as such.

The gap between NPV10 and the SP will close on FDP approval imo, just as RC has told us he expects to be the case!
jonjo
Posts: 2,816
Answer
Opinion:Hold
Price:64.75
View Thread (3)
Chappi
18 Jun '14
Fair comment however do you not think that there is a fair indication that the company will get the FDP approval otherwise why would any finance provider agree to put in place the facility they have? There only asset is the oil we have so the statement that we have nothing at the moment is not strictly the case?
tuscanraider
Posts: 107
Off Topic
Opinion:No Opinion
Price:64.25
View Thread (2)
chappi well said
18 Jun '14
Now can these drivel negative unemployed ex tony B labour spin doctors get lost .
CHAPPI
Posts: 5,778
Observation
Opinion:No Opinion
Price:64.25
View Thread (3)
RE: FDP
18 Jun '14
"My concern is why would it go up after the FDP is approved?"

-----------------------------------------------------

Do we really need to answer that? But I will anyway!

Right, at present the Bentley Field has 257 million barrels of 2P oil (300+ once the 2C resources are re-categorized + EOR a lot further down the road, so possibly between 350 - 400 million barrels will be recovered from Bentley with EOR).......

At present though we have not got permission to touch it! (hence the markets reaction to us)

Why?

Because we have not got DECC approval!

I hope you can now see the huge significance of FDP approval, which will mean two things (one can't go without the other of course) and they are:

1. We have the money

2. We have permission

We could have 50 billion barrels of 2P oil but without the permission (FDP approval) to extract it we have essentially got very little in the markets eyes!

ATB

P.S That's why FDP approval is so important.
marthasson
Posts: 3,406
Off Topic
Opinion:No Opinion
Price:64.25
hahaha
18 Jun '14
sure :-)
TonyRowe
Posts: 252
Answer
Opinion:No Opinion
Price:64.25
View Thread (2)
RE: tonyrowe
18 Jun '14
Sold 1/3rd of my holding at 118 last September, moved into my house on October 10th (keep up old boy). Bought my first shares in April 2010 so hardly looking to make a quick buck ! Serious doubts that Rupert has got the business acumen to raise the finance to get the infrastructure in place to get this company to first oil (so has the market). The decision to scrap the original productions plans now looks absurd, 'that's how a major would do it' XEL are a minnow with no revenue stream, very limited finance and are most certainly not a major !!! The power is with the company's who have money............



Share Trading BrochureRequest your Free brochures on share dealing, spread betting and CFDs

Sign up for Live Prices
Home  |  Contact Us  |  About Us  |  Careers  |  Advertise with Us  |  Sitemap  |  Terms & Conditions  |  Cookies  |  Privacy


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.