Xcite Energy Share Discussion Threads

[puzzler2] 06/11/2014 06:01

Just read your post Mike - very good piece of detective work.

[irnbru2] 05/11/2014 18:40

P2,

Do try to get a grip.

Sinopec, are not that company.

[irnbru2] 05/11/2014 18:38

Mike,

Ref. 48816.

Idiot.

[bleepy] 05/11/2014 18:36

Another piece of the puzzle,nice one Mike.

[pensioner2] 05/11/2014 17:56

Thanks for the translation mike. If Sinopec think there is 9bn barrels of reserves in Bentley, we could be in for a monster payout from your monster field.

[carla1] 05/11/2014 17:51

WoW well done Mike .....:-)

[pensioner2] 05/11/2014 17:47

Nice one mike. Just one readable word there for me. Still, it's the right word so long as the rest of the text isn't dissing it.

[mikepage19] 05/11/2014 17:46

If you can't translate it-

COSL or will sign a lease with a drilling platform Xcite
Views: 1231 Source: Upstream Editor: Pang Xiaoyu Time: 2014-11-04
　　Singapore and London-listed Xcite Energy will sign a memorandum of understanding for the development of heavy oil fields in the North Sea drilling platform leasing Bentley England. Industry sources said the agreement will be signed within a few days, COSL is currently at the company ahead of the competition.
　　The source said that if COSL can get Xcite lease, the company will simultaneously and Singapore shipowner TS Offshore signed a lease contract to rent the latter being built by Keppel Shipyard KFels N Plus type drilling platform that provides oilfield drilling for Bentley service. This rig will be delivered in 2017, a term of seven years.
　　Other companies negotiating and Xcite also includes Maersk Drilling and Noble Drilling. Drilling platform provided by these two companies are GustoMsC CJ54 and CJ62 type type jack-up drilling platforms. It is reported that the Norwegian company Ocean Yield also participated in the bidding, the company recommended that the E-Class model Keppel Shipyard's self-elevating drilling platforms.
　　Xcite has a Bentley 100% of the shares, but the development costs have not yet implemented. The company are looking for investors to buy shares in order to achieve first oil in 2018. Meanwhile, Xcite has also recently signed a number of memoranda of understanding in order to reduce development risk. Last week, Xcite and Baker Hughes signed a memorandum of understanding on oil field services. Bentley at 9 / 3b block, reserves of 9.09 billion barrels.

[mikepage19] 05/11/2014 17:45

From China Offshore-

[carla1] 05/11/2014 17:39

BYE BYE TROLL...you are a DISGRACE !!!!!!

[mikepage19] 05/11/2014 17:39

NEW YORK--U.S. crude stockpiles rose less than expected in the week ended Oct. 31, according to data released Wednesday by the U.S. Energy Information Administration.

Crude-oil stockpiles increased by 460,000 barrels to 380.2 million barrels, compared with an average survey estimate for stocks to rise by 2.2 million barrels on the week. Stockpiles are at their highest level since July 4.

Gasoline stockpiles fell by 1.4 million barrels to 201.8 million barrels, the EIA said in its weekly report. Inventories are at their lowest since Nov. 16, 2012. Analysts surveyed by The Wall Street Journal had predicted stockpiles would decline by 300,000 barrels.

Distillate stocks, which include heating oil and diesel fuel, eased by 724,000 barrels to 119.7 million barrels, the lowest since June 6. Analysts had expected a 1.8 million-barrel weekly decrease.

Refining capacity utilization rose to 88.4%, the first increase in six weeks. Analysts had expected the operating rate to rise by 0.3 percentage point in the week.

[spkiller] 05/11/2014 17:30

Thank you for your concern! We have a very honest relationship. I did tell her about you once actually, but no you're right, this is a guilty secret. I do have a tendency to procrastinate on here, like you and many others. Though I'd have to be on here for a few more years to catch up with you.

I'm sure you tell your husband everything and he's very proud of your work on here...

Anyway. Apologies to the few kind, honest and well intentioned posters on here.

You won't hear from me for a long time (however long it takes for the share to come good perhaps...).

[mclellan] 05/11/2014 17:10

Karma is a powerful master.

[mclellan] 05/11/2014 16:12

SPkiller- as you will soon find out, I am not in the least bit paranoid, weird or a loony.
I would normally wish anyone well who is about to have their first child...quite a major experience...but I cannot. I feel SO sorry for the child. I hope you manage to control your aggression when it cries or annoys you in any way.
It isn't an easy job being a parent.
I wish your wife well with a safe delivery.

[carla1] 05/11/2014 15:56

lol The TROLL who admits to being useless at his day job...and share trading...

IS BACK :-)

Incubation period for TROLLS ????

[puzzler2] 05/11/2014 15:55

I agree with you jcd1972 - mentally, I've set myself a deadline of 31.03.15 to review where Plan B gets to - hopefully, by then, an investment in XEL will be seen as a worthwhile one and we can all relax, safe in the knowledge that we're moving forward positively.

[jcd1972] 05/11/2014 15:50

Puzzler - like you I've been invested 4 years. At least we've seen recently that the BOD are following the plan set out at the AGM and Oslo conference. As long as this happens I think it's easier to wait for the announcements to take place. I don't find waiting as difficult now as when we didn't hear anything about Plan A only to find out several months later that the BOD was then working on a Plan B. It really doesn't feel like 'wasted faith'. What the oil market or AIM or whatever else does is beyond the BOD's control.

[mclellan] 05/11/2014 14:43

On a separate theme.......

[mclellan] 05/11/2014 14:43

Puzzler2- not much to say, at the moment.
Waiting for news of funding and the FDP being submitted, whenever that is.

[puzzler2] 05/11/2014 13:28

No-one posting today? Everyone bored with the wait? I know I am. I just hope that my investment in this company won't prove to have been 4+ years of wasted blind faith. In my heart and head I know that the BOD are working extremely hard to achieve an outcome that realises the true value of XEL's asset - just a matter of being patient.