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Xcite Energy Share Chat (XEL)



Share Price: 63.00Bid: 63.50Ask: 64.00Change: -1.00 (-1.56%)Faller - Xcite Energy
Spread: 0.50Spread as %: 0.79%Open: 64.00High: 69.00Low: 62.75Yesterday’s Close: 64.00


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MajorEvent
Posts: 482
Observation
Opinion:No Opinion
Price:66.75
Key Milestones - updated
31 Jul '14
2003 P1078 Licence awarded during the 21st Promote Licencing Round

2007 Competent Persons Report (“CPR”) prepared by RPS Energy based on well data from AMOCO and Conoco appraisal programmes, XER raises $20 million in private equity raise,Initial Public Offering raises $30 million

2008 Successful flow test of 9/3b-5 well

2009 Updated CPR prepared by RPS Energy based on results of 9/3b-5 well test

2010 XER entered into an agreement with BP to market and sell Bentley crude oil in return for an incentive-based fee per barrel, Successful commercial flow test on 9/3b-6z well

Q1 2011 Rowan Norway jack-up rig contracted for First Phase Development (”FPD”) programme

Q1 2011 P1760 and P1761 Licences in Blocks 9/3c and 9/3d awarded during the 26th Licensing Round

Q2 2011 Reserves Assessment Report by AGR TRACS – Bentley upgraded to Reserves Status with 28 MMstb of 2P and 87 MMstb Contingent Resources

Q4 2011 Submission of the FDP to DECC

Q1 2012 Reserves upgrade by TRACS to 116MMstb of 2P reserves for Bentley core-area
Q1 2012 Phase 1A drilling commenced

Q2 2012 Signing of a US$155 million Reserves Based Lending Facility with a leading group of lending institutions, which shall be used for a substantial part of the overall funding of Phase 1B of the Bentley field development.

Q4 2012 Successful conclusion of Phase 1A

Q2 2013 Reserves Assessment Report by AGR TRACS - Bentley Reserves increased to 250MMstb of 2P and 46MMstb of Contingent Resources

Q1 2014 Reserves Assessment Report by AGR TRACS - Bentley Reserves increased to 257MMstb of 2P and 48MMstb of Contingent Resources

Q2 2014 Successful issuance of $135 million Senior Secured Bond by XER
 
marthasson
Posts: 3,542
Off Topic
Opinion:No Opinion
Price:66.75
ttf
31 Jul '14
no apologies for being biased :-)
marthasson
Posts: 3,542
Off Topic
Opinion:No Opinion
Price:66.75
ttf
31 Jul '14
i'm not knocking the positive guesses (coz i like them)........just the unsubstantiated negative carp that some people post :-)
highlandsbull
Posts: 1,104
Observation
Opinion:No Opinion
Price:67.00
View Thread (9)
RE: highlands
31 Jul '14
Of course for Mariner Statoil went to Noble for a four year contract plus options. Let's hope if XER do go this route they can get it somewhat cheaper than this.

http://www.drillingcontractor.org/statoil-awards-mariner-drilling-services-contract-to-noble-corp-22540
TheTradersFoocus
Posts: 1,754
Off Topic
Opinion:No Opinion
Price:67.00
Blue
31 Jul '14
I never called anyone's bairns ugly , tho I might have made reference to "wir ugly twin" but seems its got past the plukey prepube stage an low an behold the phone might have been ringing an popularity could have risen. ( admin I already edited the **** out of that btw)
Marth, we aint allowed to post anything that's an unsubstantiated statement anymore, but can't see the BoD managing to stay tight lipped for long if some of the guesswork is bang on the nail.
highlandsbull
Posts: 1,104
Observation
Opinion:No Opinion
Price:66.75
View Thread (9)
RE: highlands
31 Jul '14
Think for Bressay Statoil were planning to drill off that huge platform, unless that's changed in their new plan, so you may be right, up Archer's street.
Blue-Eyes
Posts: 4,680
Off Topic
Opinion:No Opinion
Price:66.75
TTF
31 Jul '14
The sheer absence of any comment made me wonder.

You know you shouldn't call people's babies ugly ,he may never forgive you :)
marthasson
Posts: 3,542
Off Topic
Opinion:No Opinion
Price:66.75
oh dear
31 Jul '14
would do anything for a concrete fact at the mo........lots of assumptions and guesswork but the blighters are keeping extremely tight lipped thats for sure......the one thing we do know for sure is we have oil by the cartload......more patience required
TheTradersFoocus
Posts: 1,754
Off Topic
Opinion:Strong Buy
Price:66.75
View Thread (9)
RE: highlands
31 Jul '14
Blue , strange that eh, I guess where there's a will etc. Bit like this , with so many armchair financiers and bedroom geo's seemingly thinking they have a better hold or train of thought on what the BoD themselves are doing day to day. Then the same commentators eventually tie themselves up into such a knot of negativity they just can't see the forking wood for the trees or the benefit of an investment with pretty limited downside yet with the right RNS quite serious upside.
I know their feeling I was one until short while back ;)
Blue-Eyes
Posts: 4,680
Off Topic
Opinion:No Opinion
Price:66.75
View Thread (9)
RE: highlands
31 Jul '14
Funny that in Statoil's last results you could be forgiven for thinking Bressay didn't even exist :)



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