Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Chad Griffin and Ian Morton of FTI Consulting LLP and FTI Consulting (BVI) Limited were appointed Joint Liquidators (the “Liquidators”) of Xcite Energy Limited (“XEL”) on 5 December 2016 by Order of the Eastern Caribbean Supreme Court in the High Court of Justice British Virgin Islands pursuant to Section 159(1) of the Insolvency Act, 2003. For the avoidance of doubt Xcite Energy Resources plc (“XER”) is not subject to an insolvency process, it remains under the control of its board of directors. The Liquidators of XEL are officers of the Court, their principal duties are to take possession of, protect and realise the assets of XEL, being its interests in XER, for the maximum value reasonably attainable. Further information on the liquidation can be obtained from http://www.fticonsulting-emea.com/cip/xcite-energy-ltd.
ceilingcat. My motive? It was always to try and bring a bit of reason and common sense to a board that otherwise ignored the facts and shouted down anyone that dared to suggest that all the positive posts here might have been based on groundless rose tinted optimism rather than reality. If that's the case. Why did you say you held shares in Xcite? If I was the guru you have always claimed to be. I would have sold my holdings all those years ago, and moved on with savings intact. You claim you sold out long ago, but still held onto 1 share. XEL no longer trade. So why are you still posting here? I still post here very occasionally, due to the fact I was an actual very long term shareholder (9 years) with a six figure loss. And as you well know. I stopped posting anything positive regarding Bentley/XEL at the end of Q1. I think it's now obvious why I stopped. Again. You only appeared here (one of the nutters from ADVFN) after the bond deal was signed. Good luck with your other investments; GURU.....
Jup4it. It's six years now since we sold the lot pre pipe RNS. If only we didn't buy back in. Or even better. After buying back in, sold the lot four weeks later. I wonder what XEL-2 will hold in store. P- 1979 about to expire soon also.
Never fails to amaze me. One of the bondbrothers hasn't posted for three weeks, the other half two weeks. Yet within minutes of my post it appears again. Got to wonder who these people are and who they represent. They both appeared here not long after the bond was signed.......
I see panto season has started. Still. It's not the same with only one of the chuckle brothers playing the part this year...
YEH RIGHT.... Promoting the UKCS as attractive investment destination Enhancing the reputation of the UKCS Internationally https://www.ogauthority.co.uk/media/2859/mer-uk-in-practice-introduction-dr-andy-samuel.pdf More waffle here- https://www.ogauthority.co.uk/news-publications/mer-uk-in-practice/
highlandsbull. I think tomorrow is a massive day for the UKCS. If, as I expect, OPEC fail to reach agreement, then it could be lights out time for the North Sea. Not a peep from the Government and its fantastic new body the OGA. So much for their words of wisdom regarding MER and Quad 9. You need to read the latest BULL coming out of that department. They are so stuck in their 1980s ways it's frightening... https://www.ogauthority.co.uk/media/2975/oga_consultation-on-seaward-production-licenses11-2.pdf
The problem was. The BOD had all their eggs in one financial basket. In Q1 when POO hit $27, that basket grew a hole, and all the eggs fell through. If only they had another basket! Maybe the one they were offered in Q4 2015...... Cole and Fairclough were caught with their trousers down, and weren't big enough boys to pull them up.
Still no news regarding the Bressay second extension from Statoil/Shell and the OGA. Less than four weeks to go. So much for the OGAs much touted MER and Quad 9 Heavy Oil Hub. At least the non elected Prime Minister as hinted that London City will be protected during and after Brexit. We will sleep easy in the north east, knowing that yet again, the bankers are getting to keep their yachts and holiday homes in the Med....
If only this happened 12 months ago- http://uk.advfn.com/news/DJN/2016/article/72960989
toxicnerve. If you think it's all over, why are you still here reading and posting? What are you betting that Statoil and the OGA, make an announcement regarding a Bressay extension agreement not long after 28/11/16. They have about six weeks left on the current extension.
http://uk.advfn.com/news/DJN/2016/article/72856646 So they predict $60 a barrel in nominal terms by 2020. Unless our UK Government step in with a guarantee loan package to encourage smaller operators, the UKCS is finished. Aberdeen and surrounding areas cannot take another year, let alone four more years at $60. No one will touch the likes of Bentley/Bressay at the moment if this is the case....Good luck with the sale bondholders!!!!
Blue-eyes- there were representatives from the bondholders at the AGM. I bet you couldn't spot them from the PI's.
Roof pussy. You post- Unfortunately too many got into the mindset that every time the price fell it was a golden buying opportunity, and I am, quite frankly, absolutely gobsmacked at the huge amounts of money PIs put into this share. I take it from that statement you are finally admitting you are not a PI. I take it you couldn't vote to oust the BOD at any AGM due to you not actually holding any shares. I think it's time you came clean to your band of deluded followers. You appeared here not long after the now infamous bond agreement. Who are you really, and who do you represent? After all, your last post proves you are not a shareholder, and have never been.
Mr Kew was always planning to retire this year. I can assure you. Mr Kew had nothing to do with the collapse of XEL. That was all down to the money men.....
a year makes... Just watched this Oscar winning piece again. At 2.30 he states DD completed and commercial talks have started. Several other parties still in talks. All financial options open. Bondholders getting paid is also mentioned. Looks like POO at $27 in January, killed off commercial talks, and the other interested parties waiting in the wings walked away. Shame he didn't have the foresight to keep the other financial option he had in December open for discussion. http://www.xcite-energy.com/media/video-centre/2015-third-quarter-update
Don't forget the part the tankers working for DECC in 2011 played. What the hell did an oil spill in the Gulf Of Mexico have to do with a Heavy Oil field in the North Sea? If it wasn't for them we would have be in production years ago. And I would not be here writing this knowing I have lost well into six figures. Keep an eye on the six o'clock news. I'm going down in a blaze of glory.
highlandsbull. Totally agree. DECC totally fecked Xcite over in 2011. Forcing them to perform that hugely expensive, and share price destroying EWT. Time for them to return a favour...
Still no bondholder RNS.... Am I correct in that Xcite have to give at least five working days notice now? If no notice today what next???????
Good to see 12% rise then a 5% fall on no volume.