Xcite chief executive Rupert Cole said: “We are very pleased to be working with Catalyst, who will be able to accelerate the technical assessment of the licence whilst we continue to focus our core attention on the Bentley field. By collaborating with Catalyst, we believe that the evaluation of these prospects and their potential value can be undertaken in the near future, so that we can meet our obligations under the licence.”
Tend to agree, given away 50% of the fields for a relative pittance, bunch of seismic. The real worry is with Bentley and the possible use of Camm etc., for diluent to save shipping the stuff in by the tanker load. If they had any money coming why do a 'deal' like this, why not hang on until funds available, which may mean there's none coming. Only positive can think of it may stir the competition, and it's probably not a done deal until DECC signs off on it. Plus Bentley being sliced and diced, what's the point of that, particularly the NW section close to Bunsen.
is a bit of a damp squib imo, Market is not impressed, in fact I am surprised it held onto 5%+ up tick.
Over the past few weeks the pressure for updated news from the company after the famous ' Only listen to company news had became insurmountable...so let this out = slight pressure drop. lets see where the SP is on Friday. Ashy...when you look down you will see your are stood on 13's shoulders who is in turn on top of the troll martha...Its human to make a mistake its Ashy but to make a living out of it as 13 does & just generally gormless. Then again clueless Ssonnyboy takes it to a whole new level ....well...simple springs to mind Lol
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