Register
Login:
Share:
Email Facebook Twitter




Quick Poll
QUICK POLL >
How many monitors do you use to trade?




XEL Share Chat - RSS Feed

Xcite Energy Share Chat (XEL)



Share Price: 39.50Bid: 39.00Ask: 39.75Change: 1.50 (+3.95%)Riser - Xcite Energy
Spread: 0.75Spread as %: 1.92%Open: 40.00High: 40.00Low: 39.25Yesterday’s Close: 38.00


Share Discussion for Xcite Energy (XEL)


Thread ViewThread View
Please Login or Register to post messages
Posts per page:


ceilingcat
Posts: 448
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:35.00
View Thread (15)
RE: storage
19 May '15
Thanks HB, I couldn't remember if it was in writing or mentioned verbally an at AGM or similar. I stand corrected.
 
ceilingcat
Posts: 448
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:35.00
View Thread (9)
RE: cc
19 May '15
and yet the most likely diluent to be used on Bentley, straight run gas oil, does pass through a refinery first.

You may also be aware that there are no known condensate fields in any of the Xcite owned blocks or adjacent 'heavy oil hub' area.
highlandsbull
Posts: 2,090
Observation
Opinion:No Opinion
Price:35.00
View Thread (15)
RE: storage
19 May '15
Erm ceilingcat XEL themselves told us that in the 2013 results RMS of 27/3/14, ceo 2013 overview para 2 ref the new licences and their potential to feed Bentley as diluent.

In March 2013, we were formally awarded licences over blocks 9/4a, 9/8b and 9/9h, through the 27th Licensing Round. These prospects lie to the east and south of Bentley and are a deeper oil play in the Lower Palaeocene, Maureen Sandstone which we believe may contain a lighter crude. In the event that these prospects prove to be commercial discoveries, they are close enough to be tied back into Bentley and would support Xcite Energy's current strategy to use the Bentley infrastructure as a hub to develop the surrounding prospects in a cost effective manner during the phased development programme. This lighter crude could be used as a diluent for the Bentley crude during production. That same month, we also received an extension over the Bentley licence until 30 September 2014. We have worked closely with the Department of Energy and Climate Change ("DECC") in recent months, and have received confirmation of a material extension to the Bentley licence until 31 December 2016, in order to facilitate the continued progress of the Bentley field towards production.
MajorEvent
Posts: 900
Off Topic
Opinion:No Opinion
Price:35.00
View Thread (9)
RE: cc
19 May '15
Thanks. No mention of the dilution needing to pass through a refinery first.
ceilingcat
Posts: 448
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:35.00
View Thread (9)
RE: cc
19 May '15
I am well aware of Xcite's agreement with BP, recently reiterated at the AGM. The subject came up in discussion when HB suggested it might be possible to use oil from Bentley or the surrounding area as a diluent.
ceilingcat
Posts: 448
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:35.00
View Thread (15)
RE: storage
19 May '15
I don't know for sure, it's just my understanding based on what I have read, that's why I asked if there was anyone knowledgable on the topic.
ugiebear
Posts: 1,803
Observation
Opinion:No Opinion
Price:35.00
View Thread (3)
RE: storage
19 May '15
Just a thought, but I think Teekay may have it covered - and they have chosen to work exclusively with XER.

Looks like they don't want anyone else muscling in and grabbing a slice of the gigantic Bentley pie...

'XER and Teekay intend to work together on an exclusive basis during the project, from front end engineering through fabrication, hook up and onwards into production operations and maintenance'.

http://www.xcite-energy.com/investors/regulatory-news/rns-news/11916434
Rivendell666
Posts: 4,281
Observation
Opinion:No Opinion
Price:35.00
View Thread (9)
cc
19 May '15
http://boldnebraska.org/uploaded/pdf/HeadwatersInitiative-CondensateFactSheet.pdf

A short piece on diluents.

But, Chillax .... BP are to take care of the diluent supply

""
For the initial phase of up to three years under the amended agreement BPOI will deliver diluent products in-field to Xcite Energy for blending with the Bentley crude to maximise its value prior to offtake by BPOI, subject to BP offshore operational standards being met.""

http://www.investegate.co.uk/xcite-energy-limited--xel-/rns/marketing-and-offtake-agreement-with-bp-oil/201206120700071437F/

And like all true Xelievers on here I would love to see some xplo work on the 4C's.......
MajorEvent
Posts: 900
Off Topic
Opinion:No Opinion
Price:35.00
View Thread (15)
RE: storage
19 May '15
I thought you had already done that.

Just another point how do you know you can't use oil pumped straight from the ground?
ceilingcat
Posts: 448
Premium Chat Member
Observation
Opinion:No Opinion
Price:34.25
View Thread (15)
RE: storage
19 May '15
and yet you chose to quibble with me on the number of tanks in the FSO rather than disabuse LEGENDS of the notion that the size of the FSO means that Bentley will be a heavy oil hub for nearby fields.

HB - It may have been mentioned in passing before as an option, but it is my understanding that you can't just use lighter crude pumped out of a well for diluent, so it's not as simple as it sounds to mix with lighter oil from any future discoveries in surrounding area. Love to be proven wrong on that though if there is anyone knowledgable on diluent here.





Sign up for Live Prices


Home  |  Contact Us  |  About Us  |  Careers  |  Advertise with Us  |  Sitemap  |  Terms & Conditions  |  Cookies  |  Privacy


Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.