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Xcite Energy Share Chat (XEL)



Share Price: 69.25Bid: 68.50Ask: 69.25Change: 0.00 (0.00%)No Movement on Xcite Energy
Spread: 0.75Spread as %: 1.09%Open: 68.00High: 71.00Low: 68.25Yesterday’s Close: 69.25



Share Discussion for Xcite Energy (XEL)


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CHAPPI
Posts: 5,784
Observation
Opinion:No Opinion
Price:65.00
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RE: xel
18 Jun '14
spray, up to now we have Statoil and Shell who have formed a collaboration with us (they also postponed Bressay because of our "higher than average production" data, wow, no wonder they are sniffing around eh !)

BP are in as you are aware.(with the off-take agreement)

We have MOU's with:

AMEC

ARUP

TEEKAY

SEVAN

Lets see if we have anymore interested parties to come!.....then get that FDP submitted once contracts are sorted with the development partners...

Exciting times but if you are of a nervous disposition stay on the sidelines imo:)
 
inanaco
Posts: 23,063
Premium Chat Member
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Price:65.00
Katnick108
18 Jun '14
for the best post of the day on how to trade shares read COMS BB chris12345 posted at 13.05 ... you learn so much .. ATB
spray
Posts: 807
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Price:65.00
View Thread (4)
xel
18 Jun '14
Can anyone tell me why no majer oil company has taken the plunge and farmed in with this fantastic find ?????
CHAPPI
Posts: 5,784
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Price:65.00
View Thread (2)
RE: Rowman
18 Jun '14
The thing is with you Rowman, you come onto these boards trying to cast doubt about CERTIFIED figures and fail to present offerings (actual figures) to contest TRACS, and consequently just end up making yourself look a bigger clown than you already are!

In my opinion of course
TheirThere
Posts: 200
Observation
Opinion:No Opinion
Price:65.00
There really are some
18 Jun '14
24 carat, first class, Nobel Prize winning economists posting on this BB.

Yes, you Rowman.

No more pints a-callin'. I may have had too many. Hic.

ATB
CHAPPI
Posts: 5,784
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Price:65.00
View Thread (3)
P.S....................
18 Jun '14
Forget about our tiny bit of debt, see the abandoment and reclamation costs of $810 million.....we have a new idea and that figure will be revised downwards..........more than enough to contra the small amount of debt we currently have.
CHAPPI
Posts: 5,784
Observation
Opinion:No Opinion
Price:65.00
View Thread (2)
Rowman
18 Jun '14
Here are TRACS figured:

Based on the 250 MMstb 2P reserves, the RAR assumes:

- revenue of approximately $28.2 billion for the life of field
development, equating to a weighted average of $113 per barrel of
Bentley oil. This weighted average revenue unescalated would be $83 per
barrel.

- operating costs of approximately $7.8 billion, equating to $31.0
per barrel. These operating costs unescalated would be $20.8 per barrel
and are assumed to be funded out of oil revenue.

- development costs of approximately $3.4 billion, equating to $13.7per
barrel. These development costs unescalated would be $12.5 per
barrel and are discussed in more detail below.

- abandonment and reclamation costs of approximately $810 million,
equating to $3.2 per barrel. These abandonment and reclamation costs
unescalated would be $1.5 per barrel.

- undiscounted net revenue after income taxes (ie net cash flow
generated) of approximately $6.9 billion, which equates to the NPV10
(after tax) value for 2P reserves of approximately $2.2 billion.

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

Now lets have your's, they will get tore to shreds!
zanthrus
Posts: 79
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Price:65.00
View Thread (2)
RE: Rowman
18 Jun '14
Yes Rowman, what is NPV10?

Is 2P incontinence?

What are you talking about?

What is a barrel ?

Who do you think you are?

Why do you exist?

Who really cares?

What is NPV10 ?
CHAPPI
Posts: 5,784
Observation
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Price:65.00
View Thread (5)
RE: The Lockie
18 Jun '14
"What would happen to that figure if the actual oil lifted turned out to be only 150 million barrels"

What a load of piffle! What if what if........bullcarp!

They are certified figures, we have 203 million barrels of 1P oil for a start........(90% chance of being recovered)
MajorEvent
Posts: 447
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Price:65.00
View Thread (5)
RE: The Lockie
18 Jun '14
"NPV10 is not fair value, it doesn't even consider interest expense" PMSL



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