Xcite Energy Share Discussion Threads

[mclellan] 10/11/2014 12:50

Did they actually not bid..or did they just not get awarded anything?

[mikepage19] 10/11/2014 12:40

You would think we have a 14.30 RNS coming.

[mikepage19] 10/11/2014 12:39

Ask yourself this question-

"Why did XEL not bid for any acreage in the 28th Seaward Licensing Round"???



Could it be XEL will no longer exist in 12 months time, so no point.

Lets see what they do with BLOCK 9/8B..

[mclellan] 10/11/2014 12:36

Pensioner2- lol...

[carla1] 10/11/2014 12:35

Action..... keep holding CAMMY :-)

[carla1] 10/11/2014 12:35

She Gonna BLOWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW

Mc..... news LEAKING !!!

[pensioner2] 10/11/2014 12:34

Go send your Christmas cards mc.

[mikepage19] 10/11/2014 12:33

Renewed fighting in Ukraine and worries about Libyan oil production pushed up crude oil prices Monday.

The crisis in Ukraine heightens political tensions and concerns about natural gas supplies, which indirectly affect oil supply, said Torbjorn Kjus of DNB Markets in Norway. As the winter months close in on the Northern hemisphere, any disruption to natural gas supplies from Russia as a result of the crisis could lead to more use of oil, he said.

Libya's problems pumping and exporting oil directly affect supply. Reports of fields closing, reopening and closing again have spooked some in the market, Mr. Kjus said.

Meanwhile, data over the weekend showed that China's export growth slowed in October to 11.6% from September's 15.3%, but was still faster than expected, a boon to those that worry that overall economic growth in the Asian giant is stalling. If growth isn't slowing as sharply, demand for oil may not slump as some expect.

Globally, there is still an excess of oil. This, together with the unwillingness of the Organization of the Petroleum Exporting Countries to intervene by cutting production, are behind the drop in prices seen over the past few months.

December Brent crude on London's ICE Futures exchange rose $1.30 to $84.69 a barrel. On the New York Mercantile Exchange, light, sweet crude futures for delivery in December was up 96 cents, at $79.61 a barrel.

ICE gas oil for November changed hands at $754.75 a metric ton, up $14. Gasoline rose 334 points to $2.1686 a gallon.

[mclellan] 10/11/2014 12:32

Blimey- I went to post a letter and see we have improved in the interim.

[carla1] 10/11/2014 12:22

Hold on TIGHT CAMMY....

Here we Go !!!

[mclellan] 10/11/2014 12:14

There is a bit more interest again, BenA1, in people looking at the BB.

2683 page views on Friday from 287 visitors

[carla1] 10/11/2014 12:13

She GONNA BLOWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW

[bena1] 10/11/2014 12:13

Oooh, bid uop to 47.25, look like no bots trying to hold this back today, bring it on!

[bena1] 10/11/2014 12:05

Nice to see Bid up to 47. I've been accumulating over the last two weeks and will keep buying until the big news...whatever and whenever that comes...

[carla1] 10/11/2014 12:03

Afternoon REAL ONES...

Great Stuff again mike :-)

Profits from GKP in here :-)

Oh Cammy :-)

[mclellan] 10/11/2014 11:53

Thanks again, mikepage.
Good detective work, as usual.

"Chris Ferrier, Director of Software Solutions at AGR, said: “Xcite is the latest in a number of leading oil companies to select P1 and we look forward to working with them to support the development of the Bentley field."

It's a pity that we don't hear more about these developments from the BOD!

[mikepage19] 10/11/2014 11:50

So here we go again-

AGR’s Software for Xcite’s Bentley

AGR’s well construction planning software, P1, has been selected by Xcite Energy to support development of the Bentley Field, one of the largest fields in the UKCS.

P1 software will play a key role in Xcite’s strategic planning for the field, allowing the oil company to maximise the performance of well construction.

Chris Ferrier, Director of Software Solutions at AGR, said: “Xcite is the latest in a number of leading oil companies to select P1 and we look forward to working with them to support the development of the Bentley field.

“The philosophy behind P1 is that the value of a project is enhanced when operators plan correctly and understand risk and opportunity.

“By drawing on historical data, companies like Xcite can take their finger out of the air and understand the impact of their decision, generating likely outcome scenarios.”

AGR’s P1 has been developed to improve well-construction performance. The use of the software and the associated procedures ensure that all risks and opportunities can be examined thoroughly in the design phase, with well costs viewed as a range of likely outcomes. The system allows informed decisions to be made on all aspects of planning, from the conceptual phase through to spudding the well.

From planning onwards, P1 can be utilised to monitor and improve well-construction performance and to evaluate options in the event of a problem. The software accounts for the fact that risks in well design are not intuitive, and that sometimes the lowest cost option may carry the greatest business risk.

P1 adds value and knowledge throughout the project management process, from project selection right through to programme execution.

[mikepage19] 10/11/2014 11:36

some good information on oil and page 54 for XEL.

[mikepage19] 10/11/2014 11:30

Start listening at 34.30-

[mclellan] 10/11/2014 11:23

No date given for Q3 Results.


It has to be by month end.

[mclellan] 10/11/2014 11:07

My chart reading is somewhat sad but the cup and handle you mentioned would fit with possible news of the rig MOU being near to signing.
Since this is the final piece of the jigsaw, (ie in respect of all the MOUs) we would hope for better times ahead with some contract signing to follow.
I assume XEL must have some idea of where the finance will come from if they are going to sign a MOU for a rig.

[pensioner2] 10/11/2014 10:55

He's certainly got "issues". By the way, I know it upsets some folk, but have you seen the c&h I mentioned last week. Just about perfect now. Primed for take off.

[pensioner2] 10/11/2014 10:47

No mc, it's another wild goose chase.

[mclellan] 10/11/2014 10:46

We seem to have a bit of avatar confusion this morning, Pensioner2....