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Xcite Energy Share Chat (XEL)



Share Price: 28.50Bid: 28.25Ask: 28.75Change: 0.00 (0.00%)No Movement on Xcite Energy
Spread: 0.50Spread as %: 1.77%Open: 29.75High: 30.50Low: 28.50Yesterday’s Close: 28.50



Share Discussion for Xcite Energy (XEL)


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ceilingcat
Posts: 846
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:32.75
View Thread (4)
RE: RE: IP
17 Jul '15
Yes! thank you succinctly explaining in once sentence what I tried to achieve in several paragraphs.
 
highlandsbull
Posts: 2,699
Observation
Opinion:No Opinion
Price:32.75
View Thread (4)
RE: RE: IP
17 Jul '15
I think the simple answer would be they paid $16m for something that cost XEL $250m, for data that's relevant to their FDP application for Bressay. Not a bad deal imo.
MissAnthrope
Posts: 357
Off Topic
Opinion:No Opinion
Price:32.75
View Thread (4)
RE: Missy
17 Jul '15
I gind it hard to believe that these nutters can actually post as a " fact" , ergo a lie, that XEL are having a rig built specifically for them in China.Apart from the fact its obviously bollx its also far beyond the realms of bb banter, it`s a
travesty of normal behavior.
Ask them for proof and they merely insult, bit like being nudged by a dead sheep, but they try!
ceilingcat
Posts: 846
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:33.00
View Thread (2)
RE: 2nd tranche of 6 m share warran..
17 Jul '15
Yes, the reason is they are not relevant.

Finance, FDP, takeover/farmout. That's all that matters.
ceilingcat
Posts: 846
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:33.00
View Thread (4)
RE: RE: IP
17 Jul '15
Ugiebear, I claimed no such thing. What I actually said was that had statoil purchased the bentley license back when they bought Mariner and Bressay licenses they would have no doubt found a suitable way to extract the oil.

Xcite don't have some magic intellectual property relating to the extraction of oil. It's a fairly simple process that is well understood. Earlier license holders well tests failed for a variety of reasons, none of which were solved by Xcite specific know how.

It is well established that Bentley and Bressay have similar characteristics. If Xcite's EWT data yielded information that Statoil had not previous obtained from their Bressay field, it makes absolutely perfect sense to buy the data. So much cheaper than doing more well tests, or making assumptions without the additional data? At $15M an absolute steal, and again, peanuts to Statoil.

Maybe Statoil believed they could get enough data from a cheaper vertical well test than a more expensive horizontal EWT like Xcite did. Maybe they made a poor assumption that there was no further optimisation that could be done. I don't know, none of us know.

Clearly there is some synergy between the companies (and Enquest), that and the massive reserves are really the only reason I remain invested here. What I take issue with is your insistence that Xcite have this 'IP'. If they really did have intellectual property that was the key to unlocking heavy oil around the world, Xcite would not remain unloved and untouched after all these years.
X111
Posts: 844
Off Topic
Opinion:No Opinion
Price:33.00
View Thread (2)
2nd tranche of 6 m share warrants
17 Jul '15
Expiring real soon!
Surprised not being talked about?
Maybe there is a reason?
;-)
X111
Posts: 844
Off Topic
Opinion:No Opinion
Price:33.00
This board
17 Jul '15
Lots of laughs! :-)
Shorting crew out in numbers!
Grand master shorter Copi in full voice!
And yup, you've guessed it, I still hold all my shares!
:-) x:-)
copthis1
Posts: 543
Answer
Opinion:No Opinion
Price:33.00
View Thread (4)
RE: Missy
17 Jul '15
I tried to get him to answer a simple question regarding one of his statements...not had a reply yet, days later.
copthis1
Posts: 543
Observation
Opinion:No Opinion
Price:33.00
View Thread (2)
RE: Idle speculation
17 Jul '15
Mirror, short.

Try some new material div.
Overman
Posts: 826
Off Topic
Opinion:No Opinion
Price:33.00
Idle speculation
17 Jul '15
Cop this it's still a council flat till the mortgage is paid in full manure head





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