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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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Rowman_Oohmwrels
Posts: 336
Off Topic
Opinion:No Opinion
Price:32.50
View Thread (11)
RE: CHAPPI
22 Feb '15
So while Xcite works for years to attract interest, partners or any type of funding, you think Statoil will pay them
$3.1billion, before any development ?

Strange that TRACS figured it was valued at $8 per barrel, using $113 Bentley mix, after all costs over a period of 35 years. On a yearly basis, that's $0.23

I think you've painted yourself into a corner here CHAPPI. Obviously your statement was made with little thought.
Par for the course though, anyone using your advice here has lost a fortune.
 
ugiebear
Posts: 1,647
Observation
Opinion:No Opinion
Price:32.50
RE: Peregrino
22 Feb '15
The deal was agreed about a year before hand. Therefore at that time, Peregrino was undeveloped.

There were also three other Chinese companies in the bidding war for 40% of the undeveloped field.
MarkESmith
Posts: 510
Observation
Opinion:Hold
Price:32.50
Peregrino
22 Feb '15
Sinochem paid Statoil $15 per barrel for 40% of the undeveloped Peregrino heavy oilfield in 2011.
========
That was a good deal for Statoil. Interestingly, although it was announced in 2010 it was actually completed shortly after first oil was produced, if what I've read is correct. This may well explain the generous valuation?

http://www.offshore-mag.com/articles/print/volume-71/issue-12/top-5-projects/peregrino-producing-heavy-oil-for-statoil-offshore-brazil.html
NSOil
Posts: 86
Off Topic
Opinion:No Opinion
Price:32.50
View Thread (19)
RE: Rig Count
22 Feb '15
Chappi - if you don't know The Fall's lead singer look it up and then have a look at the current 'The Fall' link on ADVFN. That will tell you all you need to know & that what was stated on previous pages re aliases was correct. It was intriguing being a poster on ADVFN but not for those who attempted to moderate an unregulated board. They were exposed to the most revolting abuse I've ever seen on the internet.
bubbajoe
Posts: 150
Off Topic
Opinion:No Opinion
Price:32.50
RE: Rig Count
22 Feb '15
He'll claim he doesn't have a username on ADVFN but if he isn't Arlington CT on there, then it's someone of a curious anomaly that he also signs off with "hic!" as is testified by the link below...

http://www.lse.co.uk/shareChat.asp?page=157&ShareTicker=XEL&1#10722894

... even more curious that Scottoil frequently did the same thing.

Oh what a tangled web we weave when first we practise to deceive
ugiebear
Posts: 1,647
Observation
Opinion:No Opinion
Price:32.50
View Thread (2)
RE: Chappi
22 Feb '15
Undeveloped 2P reserves for $12 per barrel ? Absolutely ridiculous.
-----------------------------------------------------------------------------------------------------------------------------------------------------------
Sinochem paid Statoil $15 per barrel for 40% of the undeveloped Peregrino heavy oilfield in 2011.

http://www.bloomberg.com/news/articles/2010-05-21/statoil-agrees-to-sell-40-of-peregrino-site-to-sinochem-for-3-07-billion

Which incidentally triggered a bidding war between Sinochem and three other Chinese companies - Sinopec being one of them.
CHAPPI
Posts: 6,290
Observation
Opinion:No Opinion
Price:32.50
View Thread (11)
RE: CHAPPI
22 Feb '15
FDP approved reserves also with a potential purchaser like Statoil who would benefit hugely from the scales of economy that buying our field would bring them, $12 per barrel, no brainer.

$43.70 per barrel is the CURRENT break-even which will be revised downwards, add in even at that break-even price the $12 per barrel they would pay us takes them to a $55.70 per barrel break-even price LESS scales of economy they would then be able capatalise on, less our new lower cost way of doing things from the out of date $43.70 per barrel break-even.........

In real terms Statoil will be only paying around $5-7?? per 2P bbl because of the above reasons...

Hardly rocket science eh?
CHAPPI
Posts: 6,290
Observation
Opinion:No Opinion
Price:32.50
View Thread (19)
RE: Rig Count
22 Feb '15
MarkESmith

Given you class yourself as "honest and open", which avatar do you use on ADVFN? (it really is quite intriguing there and I am interested to see which part you play in the make up of the BB's there, SellHighs link the other day was an eye opener, I never knew there are so many swear words available lol!).........

Thanks in advance (just in case I'm eating my Sunday Lunch, when you reply)
Rowman_Oohmwrels
Posts: 336
Off Topic
Opinion:No Opinion
Price:32.50
View Thread (11)
CHAPPI
22 Feb '15
Undeveloped 2P reserves for $12 per barrel ? Absolutely ridiculous. The RAR showed an NPV10 value of about $8 per barrel, using $113 Brent. Break even was shown as $43.70 per barrel. Most importantly, the estimates were from 35 years of operations.

If NPV10 is reduced to zero by a reduction of $70 per barrel Brent, how could it possibly be worth $12 per barrel, undeveloped ?
Yanchep
Posts: 965
Off Topic
Opinion:No Opinion
Price:32.50
View Thread (19)
RE: Rig Count
22 Feb '15
You are a complete fantasist. Move away from the keyboard before it's too late.





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