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Xcite Energy Share Chat (XEL)



Share Price: 38.00Bid: 37.75Ask: 38.25Change: 0.00 (0.00%)No Movement on Xcite Energy
Spread: 0.50Spread as %: 1.32%Open: 39.00High: 39.00Low: 36.75Yesterday’s Close: 38.00


Share Discussion for Xcite Energy (XEL)


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Rivendell666
Posts: 3,895
Observation
Opinion:No Opinion
Price:40.75
View Thread (2)
LongTerm
4 Dec '14
Statoil aims to invest another Nkr20 billion ($2.9 billion) to expand the Melkoya liquefied natural gas facility in Norway’s far north, in a bid to prolong its service life from 2035 to 2050.

http://www.upstreamonline.com/live/1385745/Statoil-to-invest-more-in-Melkoya?utm_source=Upstreamonline+Daily+Newsletter&utm_campaign=48e70b9b32-DailyNewsletterUSA_04_12_2014&utm_medium=email&utm_term=0_3d794df7ec-48e70b9b32-303504929

If they're committing funds for projects in 20 years time then have we missed out or has our long term funding been sorted years ago..................................???
 
Scaryone
Posts: 275
Observation
Opinion:No Opinion
Price:40.75
View Thread (2)
Its falling again!!
4 Dec '14
Xel has such potential and will start to top-up around Isa April 2015 time. however until finance and FDP it isn't going anywhere!
tuscanraider
Posts: 400
Off Topic
Opinion:No Opinion
Price:40.75
as predicted . Not a surprise
4 Dec '14
LONDON (Alliance News) - Chief Secretary to the Treasury Danny Alexander Thursday said the government is committed to the UK oil and gas industry in the UK Continental Shelf in the North Sea and has said measures announced Wednesday will be the first phase of a staged process to incentivise investment in the area.

In an interview with Oil and Gas UK, Alexander said the measures announced in Chancellor George Osborne's Autumn Statement on Wednesday was the "first stage of moving to lower tax in the North Sea" but said due to "wider oil and gas pressures, we have to do it in an affordable way."

Alexander said the 2% reduction in the supplementary charge rate for the North Sea was set to be "the first of many which will be done in a staged way," and that it was "the first headline tax reduction in the North Sea for decades."

The government is in a tricky place. Overall tax revenue is falling, some of which comes from the North Sea, meaning it has less money available as it tries to reduce borrowing and the country's budget deficit. However, it also needs to drive up North Sea investments as eking the last of the oil and gas out of the area is becoming more costly.

The Chief Secretary said it was essential that the supplementary charge continues to fall over the coming years but needs to sit alongside other tax measures to make the North Sea an "incredibly attractive investment".

"We understand we have to lower tax revenues to get the maximum economic value out of the North Sea," he said. "The economic value comes first and tax receipts come second."

Alexander also outlined the government's plan to move from the current field allowances in place to a much wider and generic investment allowance. He admitted that the field allowances had contributed to around half of all investment in the North Sea in the last year, but added that it had brought complications.

The generic investment allowances will be based on costs, and most notably, will include exploration costs on successful sites.

"Exploration in the North Sea has not been enough in terms of the pipeline of investment," he said.

"Further work with the industry is needed on how to incorporate brownfield sites and how to enhance oil recovery," said Alexander.

To further encourage exploration in the North Sea, the government will invest a "small amount" of public money is conducting seismic work to give companies a better understanding of the area to reduce exploration risks and costs.

Another area that the government will aim to improve is the decommissioning of sites and infrastructure, which will be a "core area for the new Oil and Gas Authority" to encourage new entrants into the area.

It will also begin to look at the Norwegian tax credit system which has resulted in a high level of exploration in the country, to see if there is an "affordable&quo
TheirThere
Posts: 303
Observation
Opinion:No Opinion
Price:41.00
View Thread (2)
RE: let me just check out salt
4 Dec '14
tuscanraider

Now you've said that, I am going to have to look for gainful employment elsewhere. Pie & Pint Shop may do instead.

Oh well, salt mines still a-callin '- for the time being!

ATB
wetdream
Posts: 384
Off Topic
Opinion:No Opinion
Price:41.00
Tuscanraider
4 Dec '14
you're heading for the bin too.
Freddie2
Posts: 276
Off Topic
Opinion:No Opinion
Price:41.25
View Thread (5)
RE: A lot of sense spoken
4 Dec '14
Perhaps it's time he gave a fancy sales pitch and got the sp up , we all deserve that !
tuscanraider
Posts: 400
Off Topic
Opinion:No Opinion
Price:41.50
enjoy your short scrott
4 Dec '14
while u can . Personally , i read your posts and feel bored with your same old same old boring posts of drivel and misinformation . Do you really think anybody takes you seriously . There was a story about a little boy who cried wolf . I think there should be another very short story about the shorter called scrott, slipperyoil , martman etc etc
Sellhigh
Posts: 5,838
Off Topic
Opinion:No Opinion
Price:41.50
View Thread (5)
RE: A lot of sense spoken
4 Dec '14
He gave the impression that it is all sorted, it's just a matter of time, so more waiting to be done.

A big reduction in the decommissioning costs, expect lower costs in the new RAR but no increase in reserves, although he said that reserves will eventually be more than 300mmbl without EOR

Oil price could be an advantage to XEL, he did not want to be in discussions when oil was at $110 per barrel

I too think that tax will be lower in 3 years and oil price higher, But the prize is a FDP approval

Even more confident after the presentation, no fancy sales pitch to get the stock higher, no dilution of the share price and took the questions with attitude (look we are on it, it's going to happen)
tuscanraider
Posts: 400
Off Topic
Opinion:No Opinion
Price:41.50
A lot of sense spoken
4 Dec '14
the facts are there
ScottOil
Posts: 262
Off Topic
Opinion:No Opinion
Price:41.50
View Thread (2)
RE: SCAP waiting
4 Dec '14
Yup to take this into the 30's unless there is a rabbit pulled out of the Treasury hat





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