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Xcite Energy Share Chat (XEL)



Share Price: 63.25Bid: 62.75Ask: 63.00Change: -3.50 (-5.24%)Faller - Xcite Energy
Spread: 0.25Spread as %: 0.40%Open: 66.25High: 66.75Low: 63.00Yesterday’s Close: 66.75


Share Discussion for Xcite Energy (XEL)


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ugiebear
Posts: 1,211
Observation
Opinion:No Opinion
Price:66.00
View Thread (2)
Statoil
9 Apr '14
the price has just gone up for Bentley IMO...
 
stoddman
Posts: 886
Off Topic
Opinion:No Opinion
Price:66.00
Another agreement
9 Apr '14
Coming thick and fast now!
stoddman
Posts: 886
Off Topic
Opinion:No Opinion
Price:66.00
sevan marine
9 Apr '14
Sorry if this has already been posted

BANCHORY, UK – Xcite Energy Resources (XER) has a memorandum of understanding (MOU) with Teekay Shipping Norway for a floating storage and offloading (FSO) facility for the Bentley heavy oil field in the UK northern North Sea.
The FSO, based on Sevan Marine’s cylindrical floater technology, will be bridge linked to the Bentley production platform.
XER and Teekay plan to collaborate throughout the project, from front-end engineering through fabrication, hook up, and into production operations and maintenance.
Sevan Marine ASA will act as sub-contractor to Teekay under the terms of the MOU.
04/08/2014
http://www.offshore-mag.com/articles/2014/04/xcite-selects-cylindrical-fso-for-north-sea-bentley-oil-project.html
highlandsbull
Posts: 685
Observation
Opinion:No Opinion
Price:66.00
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RE: highlandsbull
9 Apr '14
Thanks for clarifying that, what about the 26th Round leases, with what they've done at Bentley are there any restrictions there?
buddy12
Posts: 6,159
Observation
Opinion:No Opinion
Price:66.00
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highlandsbull
8 Apr '14
The commitment is for one well only(from the 3 blocks, not one each block) to be determined by January 2017, according to the Sedar doc
highlandsbull
Posts: 685
Observation
Opinion:No Opinion
Price:66.00
View Thread (3)
RE: highlandsbull
8 Apr '14
Plus the two 26th Round awards of 2011 adjacent to Bentley 9/3b.
highlandsbull
Posts: 685
Observation
Opinion:No Opinion
Price:66.00
View Thread (3)
RE: highlandsbull
8 Apr '14
How does that relate to Chappi's comment of 10/16, remember also there were three leases awarded to XEL in the 27th Round, does each require a well?
highlandsbull
Posts: 685
Observation
Opinion:No Opinion
Price:66.00
View Thread (13)
RE: highlandsbull
8 Apr '14
Yep, but they need to throw something in there in the interim based on the positive seismic and previous well data, then reflect on whether they wish to go for development/production. That will take time, based on how long Bentley has taken..
buddy12
Posts: 6,159
Observation
Opinion:No Opinion
Price:66.00
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highlandsbull
8 Apr '14
According to this year's annual declaration on Sedar, the drill or drop option for the 27th round areas is one well to be determined by January 2017.

Details on Sedar doc 26/2/14, page 15
highlandsbull
Posts: 685
Observation
Opinion:No Opinion
Price:66.00
View Thread (13)
RE: highlandsbull
8 Apr '14
Personally think better not, XEL should keep the other blocks as 100% ownership, at least until reserves figures are fully quantified. Plus not necessarily the same partner, Total or BP for example for Camm, and sell into the Bentley jv, if one is set up, whatever's required there. Also, if the EOR issue is hard to quantify for now then separate that into a newco, and Bentley or the other fields that use the service pay a price per barrel.



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