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Xcite Energy Share Chat (XEL)



Share Price: 28.00Bid: 28.00Ask: 28.50Change: 0.00 (0.00%)No Movement on Xcite Energy
Spread: 0.50Spread as %: 1.79%Open: 28.25High: 28.75Low: 27.50Yesterday’s Close: 28.00


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Rivendell666
Posts: 4,086
Observation
Opinion:No Opinion
Price:32.50
Roman
21 Feb '15
Just Googlin'

Turns out that Amec have been working at as well......

"".....January 2013 – November 2014 (1 year 11 months)London, United Kingdom

Projects:
(Dana Petroleum) Western Isles FPSO - Detailed Design Remediation
(Bumi Armada) FPSO Kraken - FEED
(Maersk) Culzean Platform - Select phase studies
(Xcite) Bentley Platform - Select phase studies....""

https://uk.linkedin.com/pub/duncan-allester/1/b25/770
 
Rowman_Oohmwrels
Posts: 336
Off Topic
Opinion:No Opinion
Price:32.50
View Thread (3)
RE: Roman in the gloamin'
21 Feb '15
No doubt he's qualified, no arguments there. How did you find it ?
Rivendell666
Posts: 4,086
Observation
Opinion:No Opinion
Price:32.50
View Thread (3)
Roman in the gloamin'
21 Feb '15
Glad you appreciate the irony of a company named Bentley publishing a paper on FEED and PreFEED.

Perhaps if you read the LinkedIn CV you would have noticed that a senior chappy in Aibel is working hard and has been for several months....

""09.11 – present Aibel AS
Position; Manager

09.14 – present Project: Bentley Project FPD Platform
Client: Xcite (XER)
Position: Sr. Construction Engineer Manager in Pre-Feed; London, Oslo and Haugesund, deputy Study Manager
Duties: Ensure concept in Pre-Feed according to authority and governmental specifications, quality assure the concept.
Develop Pre-FEED to FEED phase for area engineering structural, piping, marine, architectural disciplines
Ensure that government regulations and specifications are followed and implemented. ""
https://www.linkedin.com/pub/jan-erik-knutsen/2a/753/1b0?trk=biz_employee_pub

Are we led to believe that you think that after signing the MoU's all the companies involved do not do one single piece of work on the project .. ??
Rowman_Oohmwrels
Posts: 336
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Opinion:No Opinion
Price:32.50
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RE: For the techies
21 Feb '15
Rivendell666, it seems you've been google searching for 'Bentley Pre-Feed'. Two results you've published on this board, a professional profile of someone involved with Pre-Feed and now a software company who advertises their
Pre-Feed product and coincidentally uses 'Bentley' as their business name.

The companies you've mentioned have only signed memorandums of understanding, which are described as
setting out the principles of further arrangement, not 'working away at it' as you describe. If they are working away at it, who pays for it ? Any examples ?
MarkESmith
Posts: 504
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Price:32.50
View Thread (19)
RE: Rig Count
21 Feb '15
They are not contrary statements. Just as good news can lift a stock, more good news doesn't necessarily continue the rise. The key is understanding the expectation, then the response. It's called discounting. What you need to understand is why rig count drops led to the initial strong oil price rise, then why the further drop didn't extend? It's partly due to the fact that the oversupply, that's a major part of this problem, still exists. You could argue the market was wrong to rise so much on rig count falls, you remember? But I wouldn't necessarily agree, because I think oil was taken too low, too quickly. Fear gripped the market, so a good bounce on perhaps any reasonable news was to be expected.
CHAPPI
Posts: 6,286
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Price:32.50
View Thread (19)
RE: Rig Count
21 Feb '15
MarkESmith

Just one more thing while you are putting together your non-clutter post, you stated this:

1: Rig count data has driven prices higher though,

Then in the very same post went onto say this:

2: What I'm saying is that last night's continuation of the drop in rig activity didn't alter prices much.

How do you reconcile these two contrary statements?

TIA
MarkESmith
Posts: 504
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Price:32.50
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RE: Rig count, chappi/markesmith
21 Feb '15
Rig count data was not so obviously relevant when prices were good. They have now become important because they effect pricing sentiment. I think I prefer the stockpile numbers, but both are seen as important at present. It may seem irrelevant to XER but it isn't, because we are currently negotiating finance and a recovering POO will clearly help this process.
CHAPPI
Posts: 6,286
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Price:32.50
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RE: CHAPPI
21 Feb '15
Cheers, look forward to it.
MarkESmith
Posts: 504
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Price:32.50
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CHAPPI
21 Feb '15
Why don't you go away and compose all the questions you want to ask me, then post them all in one post. It will save cluttering the thread up with off-topic nonsense? I'll be back later to answer them all.
mald
Posts: 11
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Price:32.50
View Thread (2)
Rig count, chappi/markesmith
21 Feb '15
Who cares!!!





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