Xcite Energy Share Discussion Threads

[irnbru2] 07/11/2014 14:05

Do you own any.

[mclellan] 07/11/2014 14:05

Apollo- indeed. Interest has picked up again.

[irnbru2] 07/11/2014 14:04

Rhu, was one of the good guys, rest in peace.

Yom, well, what can we say, the headers were cool.

mcl, you are doing well,

[arlington chetwynd talbot] 07/11/2014 14:04

I may start selling a few, for a laugh.

[apollo 11] 07/11/2014 14:03

Me too. Makes a change buying on the way up. MACNAB.

[irnbru2] 07/11/2014 14:00

Does anyone feel sorry for Steve Kew, peeper net, taking photos, some idiot slanting off his EWT...

Arli, you said, could I take him...zero probs on the phyis side....the problem is, he has a couple of mates.

[mclellan] 07/11/2014 13:58

Good luck with them, 1pav......it has been a bit bleak but should flourish ' soon.'
Even Alex Salmond has mentioned Bentley at Scottish FMQs yesterday.

[1pav] 07/11/2014 13:56

added a few here

[mclellan] 07/11/2014 13:55

13:49 Re: No Tricks the junglie




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Wirelocked,

The MMs hardly bought 500,000 shares in the first half hour of trading did they?

The game's afoot , to coin the Bard.

[mclellan] 07/11/2014 13:53

I have added to my holding.

[mclellan] 07/11/2014 13:53

Well, things have changed quite a bit in the last few hours, apart from the plethora of Filtered posts....
Roll on news of the rig MOU being signed.
That will conclude the pieces of the puzzle
XEL have various options for suitable providers.
If the USOL article is correct then it should only be a few days until it is signed.

[arlington chetwynd talbot] 07/11/2014 13:51

Stop cluttering the thread up with nonsense mac.

[arlington chetwynd talbot] 07/11/2014 13:48

"Basically they have all got 'skin in the game'"

I've got more skin in the game than the lot of them.

[mclellan] 07/11/2014 13:47

Worth reading this:-

"Remember XEL's over riding aim is reducing initial capital expenditure for the development.
Therefore at some point (most likely when the rig provider is announced), the amount of reserves based lending required will be known.

So here's the thing - XEL will be approaching lenders with the backing of Amec, Aibel, Arup, Teekay, Baker Hughes and the rig provider (whoever it may be). The lenders will no doubt gain a great deal of confidence knowing companies of this stature have all carried out thorough due diligence and validated XEL's plans.

With an RBL facility of $155 million previously having been discussed, secured against 'just' 28 mb of the 116mb of reserves (as it was at the time), it's likely a significant increase would be possible now there are 257 mb of reserves.

At that point all the boxes will have been ticked for the field development plan. So all the pieces of the jigsaw are then in place and all it needs are for contracts to be signed, then its full steam ahead to production.

[irnbru2] 07/11/2014 13:46

I will rephrase that....how he died.

[mclellan] 07/11/2014 13:45

12:47 Re: Things are on the move... Hub 6UP




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things have been on the move (behind the scenes) for sometime now. Those containing or maintaining the share price would have you think otherwise.

Now they have had their fill (for months) it should be time for the xciting phase.

Back to 50's and then 60's would simply get it back to where management thought it would be bottoming (hence the options). Into the 70's and 80's heading into FDP.

100p+ and beyond once the Statoil rumours start kicking off.

Simple script - just gotta get your seat and be patient for the curtains to open and the show to begin.

HUB

[irnbru2] 07/11/2014 13:43

Am watching Casablanca, sky, 316.

You are our last hope.

Victor Laslow will die in Casablanca.

I will die in Casablanca, it's a good place to die.

---
One wonders, why Rhu died.

[mclellan] 07/11/2014 13:43

Good post from ugiebear on iii:

11:44 Re: Another Statoil Duster ugiebear 16UP




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Turn the MoU's in to Contracts .... NOT a simple matter.
-----------------------------------------------------------------------------------------------------------------------------
Depends who ultimately signs the contracts I suppose. Could be XEL are being very clever with their multiple MOU's.

And here's why IMO - by putting in place MOU's each company will know (at an early stage) what the others are bringing to the table by way of financial commitment, materials, equipment and any services provided.

Whether this means preferential rates or payments deferred etc.

Remember XEL's over riding aim is reducing initial capital expenditure for the development.
Therefore at some point (most likely when the rig provider is announced), the amount of reserves based lending required will be known.

So here's the thing - XEL will be approaching lenders with the backing of Amec, Aibel, Arup, Teekay, Baker Hughes and the rig provider (whoever it may be). The lenders will no doubt gain a great deal of confidence knowing companies of this stature have all carried out thorough due diligence and validated XEL's plans.

With an RBL facility of $155 million previously having been discussed, secured against 'just' 28 mb of the 116mb of reserves (as it was at the time), it's likely a significant increase would be possible now there are 257 mb of reserves.

At that point all the boxes will have been ticked for the field development plan. So all the pieces of the jigsaw are then in place and all it needs are for contracts to be signed, then its full steam ahead to production.

A formidable team has been assembled and they are looking to take material financial risk in the project. Basically they have all got 'skin in the game' and its very much in their interest to get the show on the road, as it were.

The financing syndicate are happy because they are now lending to the 'Bentley
Development Group', as opposed to a mere minnow such as XEL.

DECC are also happy as one of the largest remaining undeveloped oil fields will be brought on stream against the backdrop of diminishing UK oil reserves. Even more so now these leading companies are all involved.

Effectively everything is then in place for an oil major to come along and take over the whole project. Remember at this stage no contracts will have yet been signed, therefore it will be relatively easy for AN other to make any tweaks before doing so.

By putting the MOU's in place, XEL have done all the legwork and created a bespoke heavy oilfield development package, just waiting for the green light.

As for the companies in the development group, it matters not a jot to them who the eventual paymasters prove to be...

[fruitfly2] 07/11/2014 13:41

A turkey has formed??????

[irnbru2] 07/11/2014 13:40

Hey, they say Rhu is dead, killed himself, obviously nothing to do with XER.

Don't know, just thinking.

[irnbru2] 07/11/2014 13:37

mcl, try this, we need you the BB, Rhu and Yom, failed.

[arlington chetwynd talbot] 07/11/2014 13:36

I guess I'm Manny and you're Patrick eh?

[irnbru2] 07/11/2014 13:36

No hysteria darling.

Look, we are mid scam, and you go for a dump.....

[mclellan] 07/11/2014 13:32

Just looking back in after a few hours away.
Hysteria from the Filtered?
They should be investigated. Hardly normal behaviour.