Register
Login:
Share:
Email Facebook Twitter

XEL Share Chat - RSS Feed

Xcite Energy Share Chat (XEL)



Share Price: 43.50Bid: 42.25Ask: 43.25Change: 2.00 (+4.82%)Riser - Xcite Energy
Spread: 1.00Spread as %: 2.37%Open: 43.75High: 44.75Low: 42.00Yesterday’s Close: 41.50


Share Discussion for Xcite Energy (XEL)


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


CHAPPI
Posts: 5,803
Observation
Opinion:No Opinion
Price:62.75
View Thread (2)
HB
12 Sep '14
I asked what heavy oil fields of Statoils are achieving 60% recovery, looks like you have been looking hard to find one to no avail!!

They don't have one, but I already knew that lol!

PS So you can see with EOR we can achieve 40% recovery we have done extremely well in the Heavy oil world
 
marthasson
Posts: 3,594
Off Topic
Opinion:No Opinion
Price:62.75
full of
12 Sep '14
could you not sleep or have you been up all night on wikipedia ? :-)
highlandsbull
Posts: 1,185
Observation
Opinion:No Opinion
Price:62.75
View Thread (4)
RE: HB
12 Sep '14
This is what Statoil and BP are targeting as recovery %'s now. Obviously that will vary from field to field and as technology continues to improve. Statoil currently has NCS 60% overall OIR recovery target. BP's Prudhoe is now at 60%. HO on the other hand still continues to advance from a low base. Peregrino's gone from 9 to 20%. Bressay and Bentley clearly will start higher than this w/o EOR. However new well technologies, drilling methods, CMD, foam, polymers, etc., will all provide major boosts to HO recovery % in the years to come.

http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=9178545
http://www.bp.com/en/global/corporate/press/bp-magazine/issue-four-2013/enhanced-production.html
CMD technology projecting up to 60% rcovery.
https://www.rigzone.com/news/article.asp?a_id=112868
highlandsbull
Posts: 1,185
Observation
Opinion:No Opinion
Price:62.75
View Thread (14)
RE: continued
11 Sep '14
Prefer not to give away my life history to all and sundry and time taken re what they ask for there. So my question is if you have done so, is there a presentation there by RC, in addition to the unfortunate face picture once more of him with some sort of light seemimgly exiting from the right side of his neck, where he states 2018 as the Bentley field production start date, or is this upstreamonline reporter interpretation.
CHAPPI
Posts: 5,803
Observation
Opinion:No Opinion
Price:62.75
View Thread (4)
RE: HB
11 Sep '14
Sorry your wrong again!

shelve1
ʃɛlv/Submit
verb
past tense: shelved; past participle: shelved

1.place or arrange (items, especially books) on a shelf.
"we had catalogued and shelved all the books shipped in that day"

2. decide not to proceed with (a project or plan), either TEMPORARILY or permanently

Not HB's terminology of:

1.canned

2. binned

Keep on making it up as you go along though lol, p.s which Heavy Oil Fields do Statoil achieve a 60% recovery rate from??
highlandsbull
Posts: 1,185
Observation
Opinion:No Opinion
Price:62.75
View Thread (4)
RE: HB
11 Sep '14
If Statoil had used terminology such as shelved Bressay, at the time they reportedly suspended for cost review, shelved implies canned, binned etc., they likely would have been hard pressed to get DECC to agree to the lease renewal they needed. Terminology used is important.

Statoil will save a huge amount on their unit capex costs by simplifying items such as the fixed in place platform and the FPSO, both of which were modelled on duplicates of the very expensive Mariner. Concept designs and times have moved on. Look also at the cost Premier have brought Solan in at. The numbers of wells required appears roughly similar to earlier estimates, so where Statoil will achieve benefit from XEL IP may be in location of said wells/techniques/technology to improve productivity. They will get both a facility capex saving, combined with more oil for the similar it seems development cost, hence profitability will also increase.
CHAPPI
Posts: 5,803
Observation
Opinion:No Opinion
Price:62.75
View Thread (14)
RE: continued
11 Sep '14
subscribe to upstreamonline!
highlandsbull
Posts: 1,185
Observation
Opinion:No Opinion
Price:62.75
View Thread (14)
RE: continued
11 Sep '14
I'm curious chappi, you mention RC was doing a presentation at this pareto conference. If that was so, and I can only see mention of talking on the sidelines ref BB and the upstreamonline report, can we listen anywhere to exactly what was said, and should a copy of this presentation not be up on the XEL website?
timkford
Posts: 279
Off Topic
Opinion:No Opinion
Price:62.75
RE: Major
11 Sep '14
Ok, not sloppy (that was me using earlier term) but naughty. It's an implied quote from Cole. I agree that Cole would be reluctant to give dates but if they have used Edison's estimated dates then they should have said that.
I try to temper my optimism. As for farm-in partners - they are still potential and there are candidates - no more. (though candidate suggests applicants)
MajorEvent
Posts: 505
Off Topic
Opinion:No Opinion
Price:62.75
View Thread (2)
RE: Major
11 Sep '14
RC will be very reluctant to give dates, so they have gone for a long stop. They have to fill a page.

We know they are targeting year end but we also know dates can slip so the journalist plays safe. Sloppy? I'm not sure more creative writing.



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.