Member Info for mrc_mrc_mrc_mrd

This will be interesting to watch...lots of mania on the He1 board. Sell into news opportunity?

People seem to think that Americans are mugs.

Chilting - not a good idea to advise people what to do with their money.

I had a look and it seems extremely risky investment -you are advising the internet to buy as many as they can...

Buyers lurking?

The chilting factor

Well done Chilts. Good price I think.

Slift, you are quoting from the RNS of one of the most notorious companies to hit AIM.

Slift, sorry but you are posting rubbish so I am going to call that out.

Xcite were looking at billions to develop the field whereas it is now estimated under $1 billion before any kraken / hub synergies. Why are you using pricing and costs relevant a decade ago Under an incompetent company.

Lol good one therapist

Slift,

You are aware that Kraken is heavy oil as well? And enquest have managed to get that out of the ground and sold at a premium to brent?

Yes they may need a heated riser / flowline to tie back to Kraken, but that technology is not novelty.

Whalsay got the capex down to ~$750 million for a stand alone solution so the xcite numbers are pretty worthless.

What a lot of balls.

Communist planned economy bull ****.

Bleeding hearts will soon turn to bloody fists when you take people's 2 weeks in the sun away.

It would be great if we could immediately switch to burning no fossil fuels, but it is not practical.

Ultimately we will move to renewables and fossil fuels will be phased out. But...

People are not going to allow (voluntarily or otherwise) their standard of living to drop significantly, and neither should they. I will grant that there will be some cost associated with carbon going forward, but we cannot turn our back on growth/progress.

The saviour is carbon capture (from air or from emission) and offsetting, as unpopular as these are. Technology is ultimately the saviour.

Back in nineteen oatcake there was a big fuss that the world was running out of the element that produced the red phosphors in old CRT TVs.

"The planet’s total known reserves were only enough to build a few hundred million more colour televisions. After that, it would be back to monochrome. But worse – think what this would mean. From then on there would be two kinds of people: those with colour televisions and those without. And the same would be true of everything else that was being consumed. It would be a world with permanent class distinction, in which the elites would hoard the last of the resources and live lives of gaudy display, while, to sustain that illusory state through its final years, everyone else would be labouring on in drab resentment. And so it went on, nightmare built upon nightmare."

David Deutsch

For my sins!

Aye this guy was stoking the flames, though seemed to be pretty green and should never have been put in front of investors.

Surprised he was willing to raise his head above the parapet with a comment. Clearly thinks they all did a great job at xcite lol.

https://www.offshore-mag.com/regional-reports/north-sea-europe/article/14202104/enquest-set-for-control-of-north-sea-bentley-oil-field

Whalsay had been working since mid-2017 on an updated, phased development plan, which had been independently verified as technically sound, with a cost to first oil of $729 million.

It involved a 20-well slot platform with 17 dual lateral ESP producers and three produced water re-injection wells, with conventional topsides fluid handling facilities processing the crude to export specification.

Very true Chilting. Last year's moody's downgrade was based on oil price and debt maturity, so we should see an upgrade based on that alone in the next few months as the deals complete and POO holds

Hi Frank,

I won't be drawn into an argument but I will continue to post my views. Nothing wrong with that. And if your investment is so great then you have nothing to fear from a negative viewpoint. None of our postings ultimately affects the SP. True value always realised eventually!!

Good luck and happy to admit if I am wrong in 6-8 weeks!

Things have moved on since 2012 when xcite were bankrupting themselves.

Enquest can get bressay and bentley developed cheaply IMHO. Just need decent cashflow this year to start funding some of the Capex. I would like to see some FEED studies progressing to get a grand plan in place for a heavy oil hub. Maybe get a concept selected this year.

I suppose in an ideal world I would have sold out at 25p but happy at 16p having bought in at 11p. Some great news over there today!!

I did take a slice at 18p on the way up, and now back in fully when I bought for 15.3p last week. Chart was too good to resist!

Hi Frank - lots of people said that 2.25p was the bottom and it would never go below that.

The upside has now been tested and found lots of sellers. Next might be a trip down to 0.5p to generate some buyers

I think this is probably plenty for the AK hub.

Potential to use EP to get it developed quicker, and maybe avoid having to use heated flowlines and risers?