Scaremongering - if DECC are not pro Xcite/Development then why the hell would they award Xcite further licences for exploration (nonsense, nonsense, nonsense....). What next? a crew of specially trained dolphins have connected up a pipeline to Bentley and are sucking it out under our noses....
Earlier this year - the price was being played a treat around the £3.80 mark - then boom bod declared take-over interest and it rocketed up to £6.00 (the takeover didnt happen and its now sitting at £7.50 ish) -
Whilst XEL and KENTZ are not immediately comparable, it does show the difference sentiment makes (as fundamentally nothing had changed with KENTZ). So it doesnt suprise me that we have teams on BB stock bashing - it does have an effect (especially when folk are nursing losses)
I can only imagine the difficulty / complexity in putting together this type of arrangement; negotiations with a single company can be long and protracted ! and when this bagful of companies does come to some kind of deal,and a FDP, this then has to go before the DECC . I personally would think this type of arrangement would be difficult to conclude and announce at the AGM in 2015.I sincerely hope im wrong on that
Yep incredible after all this time to review RC speak on these old YouTube shows. They do at least have the EWT results and production wells in place, a far greater 1P reserves figure with more to come to move the RBL up, just got to get the ba**s together to get moving on this, stop dreaming of the appeareance of a phantom major. Not sure about duty holder, probabaly AMEC, though thought XER had applied to DECC to be approved in that role previously, no news since..
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