Register
Login:
Share:
Email Facebook Twitter




XEL Share Chat - RSS Feed

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


Share Discussion for Xcite Energy (XEL)


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


Premium Membership
Rivendell666
Posts: 4,086
Observation
Opinion:No Opinion
Price:32.50
MarkECowieHenriksen...
22 Feb '15
April 2014 – Present (11 months)Aberdeen area, United kingdom
Working on both the Mariner and Bressay projects for Statoil Production (UK) Limited. Responsibilities include contract responsible for the Wellhead & X-Mas tree contract with Cameron. Responsible for the ESP's topside interfaces and tie in to the Platforms SAS system.

February 2012 – Present (3 years 1 month)forus, stavanger
Working for Statoil's main office as part of the Drilling and Well Technology group working with Artificial Lift. Currently the ESP focal point for Mariner and Bressay.
https://www.linkedin.com/profile/view?id=19214073&authType=NAME_SEARCH&authToken=e3mZ&locale=en_US&srchid=2319457911424601006283&srchindex=1&srchtotal=1&trk=vsrp_people_res_name&trkInfo=VSRPsearchId%3A2319457911424601006283%2CVSRPtargetId%3A19214073%2CVSRPcmpt%3Aprimary
...............................................................
QRM in Tanzania Gas Project, in Bressay heavy oil and in Astero
Statoil
January 2014 – Present (1 year 2 months)Oslo Area, Norway
StatoilQuality and risk manager Bressay
June 2013 – Present (1 year 9 months)Oslo
Coordinating across fields of expertise both internally and externally. Plan and organize reviews (IPA, Shell VAR and CAR), self-assessments on technical and non-technical maturity, document deliveries, risk workshops etc.
......

Nice to see Stat has a team looking at Bressay. They'll have a lot to look at having paid Xel $15m for some of our EWT data. ... I speculate related to multi-use wells as Schlum were very proud of their efforts for us...

""In the UK sector of the North Sea, Schlumberger Completions technologies were deployed for Xcite Energy in a unique intelligent multizone completion in the Bentley field. The IntelliZone* family of zonal management systems was combined with the SFIV* surface-controlled formation isolation valve system, allowing flow control of two horizontal wellbores during an extended well test. In addition, WellWatcher real-time reservoir and production monitoring technology and DTS were deployed to monitor the production parameters, while an electric submersible pump with a variable speed drive provided the lift required to produce the well. A GROUNDBREAKING 14 control lines were installed in the well to deliver an integrated multiple zone management system, which allowed efficient production testing and data acquisition of the two wellbores without costly well intervention......
http://investorcenter.slb.com/phoenix.zhtml?c=97513&p=irol-resultsNewsArticle&ID=1808588
 
marthasson
Posts: 4,174
Off Topic
Opinion:No Opinion
Price:32.50
View Thread (3)
mark
22 Feb '15
in other words when he tossed then coin it came down heads......if it had come down tails he would have been correct ?
my 2 year old nephew could have done that !! :-)
CHAPPI
Posts: 6,288
Observation
Opinion:No Opinion
Price:32.50
View Thread (19)
RE: Rig Count
22 Feb '15
and should be encouraged, not stifled.

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

Please don't give me that old line, you made a statement that the rig count was the reason that the oil price has increased and I just asked you to post up what factual evidence you have that concluded you to reach this assessment?

If its just your opinion, fine, but clearly stating that the rig count was the reason behind the rise without presenting the evidence to back it up and you wonder why somebody challenges your assessment? (I too will not be stifled!)

Anyway that's enough of that.

P.S I asked if you have ever "spoken" to SPKiller (disgusting character) on ADVFN before?, maybe you missed that post?
MarkESmith
Posts: 508
Off Topic
Opinion:No Opinion
Price:32.50
View Thread (2)
RE: mark
22 Feb '15
Yes, and I think he interpreted the API number of 14m as likely to be the official number. Had the US Gov come out with 14m too, I think he would have been close to the mark. The fact API got it wrong by a whopping 7m barrels caused the rally to $60 I'm sure. That's why it's important to take industry figures with an element of caution because they can sometimes be wrong. Let's be clear though, the 7m official number was still way above the 3m that had been expected prior to those bizarre API figures we got late Thursday night.
marthasson
Posts: 4,174
Off Topic
Opinion:No Opinion
Price:32.50
View Thread (2)
mark
22 Feb '15
yer mate spkiller was only predicting 54-57 on friday........covering all bases eh ?
MarkESmith
Posts: 508
Observation
Opinion:Hold
Price:32.50
View Thread (19)
RE: Rig Count
22 Feb '15
I believe the recent strong rally in POO was in part driven by the dramatic drop off in rig activity in the US. There has however not been an associated dip in inventories, which has probably prevented further rises. When we see stockpiles fall I would estimate POO will continue to rise towards $70.
It's clear that not everyone agrees with my assessment of events, that's fine by me. Diversity of opinion is important in a free society and should be encouraged, not stifled.
Some interesting posts regarding Statoil and Bressay yesterday. From what I can remember it seems that the development was put on hold following the purchase and assessment of the Bentley EWT data? Is that right? Maybe they are looking at ways of reducing costs and increasing production? I'm sure it has certainly not been abandoned as they seem quite keen on developing challenging prospects. Hopefully we'll get some good news later in the year on events at Bressay.

http://uk.reuters.com/article/2013/11/22/uk-statoil-britain-idUKBRE9AL0FE20131122
CHAPPI
Posts: 6,288
Observation
Opinion:No Opinion
Price:32.50
View Thread (3)
RE: Roman in the gloamin'
22 Feb '15
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 .. ??

============================================

Correct Rivendell, work has been going on in the background towards getting this field into production.

With a colossal 203 million barrels of 1P oil the Bentley Field WILL go into production, the question is will we (Xel) be the ones to take it there or will the BOD decide it time to hang up their computers after getting FDP approval but before production starts?......

How many more years will SK and RC want to keep going one wonders, especially if the temptation of an industry valued offer hit the table sometime in the next couple of years.....

This field is quite big and appraised enough to stick onto a majors/ super-majors books having paid the "going rate" imo............especially Statoils, given its Bressay proximity and the cost savings they would benefit from by buying our field (scales of economy and all that). In fact as would go as far as to say for Statoil to buy us it must nearly be a no-brainer for them, even if we required $12 - 13 per 2P barrel after FDP approval. The opex and capex savings they would have with a Bentley/ Bressay joint development may mean in real terms they have got the 2P oil for say $5-7?? per barrel once the joint development savings are taken into account......

I am not just saying this because I hold Xcite shares and would love Statoil to buy us out at some point for obvious reasons (providing the price was right) but it does make one wonder when Statoil have spent hundreds of million of dollars on finding very little oil (I have the figures somewhere) how they can justify this to shareholders when they have a field sat next door to Bressay in an area where they are clearly expanding with a vast amount of 1P oil and the scale of economies would pay a significant cost of what they had to pay us for our oil reserves....

ATB
stoddman
Posts: 1,062
Off Topic
Opinion:No Opinion
Price:32.50
So it's clear
22 Feb '15
By the various links provided, it's quite clear that there is a significant amount of work going on in the background and that at any time we could get a significant update on progress. TICK TOCK!
CHAPPI
Posts: 6,288
Observation
Opinion:No Opinion
Price:32.50
View Thread (19)
RE: Rig Count
22 Feb '15
Sorry MarkESmith I find those two statements very contrary, the easiest thing for you to do to validate what you are saying is list the rig count announcements and the subsequent lift of oil prices that happened on each occasion (if you are unable to do this then how can you claim the rig counts are responsible for the rise?) ........

I think you may find that in fact it is not as simple as the rig counts that have caused the overdone drop and rise in oil prices, there are far far more pieces in the jigsaw in my opinion
Rowman_Oohmwrels
Posts: 336
Off Topic
Opinion:No Opinion
Price:32.50
View Thread (2)
RE: Missing "it"
21 Feb '15
Pre-Feed could be described as setting out the principles. If not, what is 'setting out the principles' ? In your opinion Rivendell, what would your rough estimated guess be, as to what Xcite paid for this work during 2014 ? That would surely indicate the level of forward progress.





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.