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Xcite Energy Share Chat (XEL)



Share Price: 65.25Bid: 65.50Ask: 66.00Change: 0.00 (0.00%)No Movement on Xcite Energy
Spread: 0.50Spread as %: 0.76%Open: 66.25High: 66.50Low: 65.25Yesterday’s Close: 65.25



Share Discussion for Xcite Energy (XEL)


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Sellhigh
Posts: 5,566
Observation
Opinion:No Opinion
Price:64.25
View Thread (2)
Asset Financing
16 Jul '14
The idea is that the platform and FSO is not fixed in place and can be moved around relatively easily, not being fixed also allows xel to finance these as an asset – another part of the financing strategy

So can all of what they pay-out for these items be clawed back through a long term loan, in effect xel don’t pay anything thing up front

It’s a diminishing asset matched be diminishing repayments on the loan
 
CHAPPI
Posts: 5,784
Observation
Opinion:No Opinion
Price:64.25
View Thread (6)
RE: ........................
16 Jul '14
What was your role in the business?
highlandsbull
Posts: 997
Observation
Opinion:No Opinion
Price:64.25
View Thread (6)
RE: ........................
16 Jul '14
Well since I've been in the business it's reasonably educated, but don't take my word for sure, just study what XEL have said in the past, what they are now indicating, and what timelines others have actioned for similar ongoing work, such as Maersk, Premier, ENI, etc.
Sellhigh
Posts: 5,566
Off Topic
Opinion:No Opinion
Price:64.25
View Thread (2)
The sequence
16 Jul '14
The rig can be on the field drill (it can be moved) the platform is set up in place and the rig joins it, the FSO then links into the two.
highlandsbull
Posts: 997
Observation
Opinion:No Opinion
Price:64.25
View Thread (4)
RE: HB
16 Jul '14
Though you'd mentioned the Petrofac sub guy had taken the job, or was he just a temp? Was wondering if you might have called him in the interim to see how he was settling in, and how long he expected to be around!
CHAPPI
Posts: 5,784
Observation
Opinion:No Opinion
Price:64.25
View Thread (6)
RE: ........................
16 Jul '14
HB, to be honest fella, I am not interested in your best optimistic guess!!

No offense taken I hope!
highlandsbull
Posts: 997
Observation
Opinion:No Opinion
Price:64.25
View Thread (6)
RE: 2016 easy
16 Jul '14
Agree, should be once they show they are moving. What they need the farmout partner for is cash to drill the new 27th and 28th Round wells, though it might be nice to reduce some of the loan, depending how much they give away of Bentley.
CHAPPI
Posts: 5,784
Observation
Opinion:No Opinion
Price:64.25
View Thread (4)
RE: HB
16 Jul '14
The SPD "expiry" date for the Xcite Wells Project Manager vacancy is 31st July 2014 (although the vacancy could still be filled "temporarily" as I expect may have been the case, will the stand in man get the job if is the case?:) , there will be some drilling activity sooner than many believe in my opinion.........
highlandsbull
Posts: 997
Observation
Opinion:No Opinion
Price:64.25
View Thread (6)
RE: ........................
16 Jul '14
Chappi, you need to read the June CP p29, study the timeline to order and construct this stuff, get it on site and working, and remember XEL have a history re expected dates for first production.. Mid 2017, summer, is my best optimistic guess.
Sellhigh
Posts: 5,566
Off Topic
Opinion:No Opinion
Price:64.25
View Thread (6)
RE: 2016 easy
16 Jul '14
I recall that XEL have said that more RBL would be available after the initial agreement which they would have in place for FDP.

XEL are clearly still actively seeking a farm-out partner, according to the BOD this is not required for FDP



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