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Xcite Energy Share Chat (XEL)


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highlandsbull
Posts: 5,588
Off Topic
Opinion:No Opinion
Price:1.575
RE: highlandsbull
13 Dec '16
True but they have to go thru a process at least with the noise made and oil price recovery should be a bit more open than what garbage we hv been fed for years bfore.
 
Diver69
Posts: 516
Off Topic
Opinion:No Opinion
Price:1.575
RE: xel
13 Dec '16
I would rather put money in the pot to see him suffer in some form
toxicnerve
Posts: 2,630
Off Topic
Opinion:No Opinion
Price:1.575
RE: highlandsbull
13 Dec '16
I know what you're saying Bodog..BUT...there has been a competent market value put on the reserves here & it has be justified to sell the reserves at Approx 60cents a barrel when the Poo is currently $57 ish for light -12% for our heavy is still way above $160M FOR THE WHOLE OF BENTLEY...SORRY ABOUT THE RANT ...NOTHING personal Bdog
bodog
Posts: 385
Off Topic
Opinion:No Opinion
Price:1.575
highlandsbull
13 Dec '16
HB it's over, the Liquidators have a job to do .
They do not give a FCUK about PI's. They want there money.
Cole & Kew have had there EVIL way with PI's.
Did they ever give a FCUK about PI's, don't think so. JMO.
We are goldfish in a tank of piranhas, never again for me.
Happy Christmas to all shafted holders.
highlandsbull
Posts: 5,588
Observation
Opinion:No Opinion
Price:1.575
RE: xel
13 Dec '16
And the rig Singapore, though interestingly the govt there now giving out expanded funding/guarantees to shipyards for business development that an xel project might have been able to tap into.
highlandsbull
Posts: 5,588
Observation
Opinion:No Opinion
Price:1.575
Have to wonder also about Chadwick,
13 Dec '16
the phantom Azinor aside, that was supposed to be an important component for Bentley, diluent potential, yadayada. Another reason with the lease expiry end year any potential suitor might want to move quickly to ensure it's further extension, though how much credence OGA probably giving to XER at the moment with the flak they are coming under in failing in their vaunted self promoted supervisory role over NSea licensees, clearly absent in the case of xer.
highlandsbull
Posts: 5,588
Observation
Opinion:No Opinion
Price:1.575
RE: xel
13 Dec '16
Actually production was supposed to be 2011..
ashcroft1
Posts: 167
Off Topic
Opinion:No Opinion
Price:1.575
xel
13 Dec '16
Cole showed a video saying the oil flows. He stated funding was not a problem. Listen to the board. The rig is being built in china. We have mous. Production '2018. can he not be sued for misleading shareholders to encourage shareholders to invest.. is this fraud ?
highlandsbull
Posts: 5,588
Observation
Opinion:No Opinion
Price:1.575
RE: Facebook action group
13 Dec '16
Imo to try to ensure fair representation as a class in liquidation, that there is no, as implied by this useless bod by the 'offer' that was 'negotiated' with the bondholders, stitch up to benefit a certain class or group.

To have recorded in open court the implied difference in asset valuation between bondholders offer, debt outstanding, and the assets, as implied by the two independent valuations and the market in terms of just what the offer represented in $$$ per bbl v what may be attainable by open tender. To ensure at least said sale or offer process is properly enacted and seen to be open and above board.

To assess grounds and reasons for consistent failure on the part of xel management to bring bentley to approved development, failures to achieve same by company or regulatory body, operations, funding, and where blame for same may lie.

Whether further legal action or claim therefore merited or possible against groups or individuals tasked with fiduciary responsibility for same. Jmo..
Feverking
Posts: 774
Question
Opinion:No Opinion
Price:1.575
Facebook action group
13 Dec '16
Although trying to achieve representation at the Court I am not sure what action they are recommending the Court take. Is there anything a Liquidator can do to protect the interest of all creditors (including ordinary shareholders) if there is evidence of inappropriate action by Company, Directors or management team?




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