Xcite Energy Share Discussion Threads

[bleepy] 06/11/2014 13:29

Sling it to em Mike....

[carla1] 06/11/2014 13:23

Seriously on a serious note....


If anyone knows who he is,you have a duty to protect that child and Social services should be made aware of this CREATURES BEHAVIOR !!!!

[spkiller] 06/11/2014 13:12

I doubt they'd be able to find the house dear Carla. The drive is too long.

It's not one of your council estate properties.

Anyway.

Pensioner 2 - yo've gone quiet??

lol

bye for now ACT.

Keep up the good work. The cat among the pigeons, the prince among the thieves.

[arlington chetwynd talbot] 06/11/2014 13:11

Well from an industry POV it's quite an interesting article, even if it's not fully formed.

But from a share trading perspective I'd be worried if this type of bidding process wasn't going on! After all they RNS'ed it months ago! lol

Cutting the chord eh? Hmmm... new man? LOL

[carla1] 06/11/2014 13:07

Afternoon ...some great posts ...thanks REAL ONES..

We can safely say Social Services have his Baby !!!

[spkiller] 06/11/2014 13:06

I think I'll be needed in the room. Cutting the cord and all. Getting my hand crushed by my beloved :)

--

The thing is we all know how AIM works, it's riddled with traders trying to make a buck, driving the price up on rumour and down again as they see fit. Anything to move the price.

Then you have a bunch of "sensible" posters on here applauding this great discovery of wonderful research by Mike the perve and yet the price hasn't budged...

Gotta laugh. And we're the trolls?

[arlington chetwynd talbot] 06/11/2014 12:56

Baby eh? Hope it all goes well bud... don't go in, pace outside with a big cigar ready ;)

Here? Oh I think some folk are playing te the 'crowd', it's an industry story and one that nobody is really prepared to explore, because they simply don't know the full details.

Talking point.

[spkiller] 06/11/2014 12:55

I could post all of your top ups at 62p etc, which are now 33% down...

Hardly something to boast about!

Cup and handle forming!

lol

[spkiller] 06/11/2014 12:54

P2,

I'll be gone soon bud. I won't have a moment to myself when our bouncing baby arrives and I wouldn't want to miss those first precious few moments.

Don't you see though, It's people like you with your ramping lunacy that attracts people like me?

I'll leave ACT to it soon enough. He does a VERY good job here. Best poster by a country mile. You should pay him a lot of money, he could have saved you thousands P2...

Hard to take huh?

[mclellan] 06/11/2014 12:53

LOL, Pensioner2

[pensioner2] 06/11/2014 12:51

That didn't last long then:

SPkiller 5 Nov'14 - 17:30 - 48812 of 48888 1 1

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...)

[spkiller] 06/11/2014 12:47

Yeh not bad ACT...

I'm sitting by the fire with the mrs. Waiting for this baby to pop out. She's waxing her legs, I'm checking my shares.

Morrisons doing well - I did give a tip a few days ago - up 15% since and a nice 6% dividend too...

I'd like to stay away from here ACT but the nonsense that is talked here needs correction. I don't like seeing all this market manipulation from the usual suspects.

How are you mate?

[arlington chetwynd talbot] 06/11/2014 12:45

SPk,

Hey, how's it going bro' ;)

It's a non-story really, merely gives some names to a process already RNS'ed. And tbh I suspect it's a half-story. Some key industry names are missing.

[mclellan] 06/11/2014 12:44

jcd- no denial. Just have to wait and see who they choose from their options.

[spkiller] 06/11/2014 12:42

Quick! An important leak!!!

Crikey... get in! QUICK!!!!

IT'S A BLUEY

YOU DON"T WANT TO BE OUT OF THIS OVER THE WEEKEND....

up 1.5%....

[arlington chetwynd talbot] 06/11/2014 12:41

Well, BOD have said this method reduces front-end costs, but sparks says to just £100m. I mean the purpose of being a company is to make money, maximise returns.

If the aim is now to reduce initial costs at all costs one wonders quite what the business plan is now? Especially when interest rates are so low.

[spkiller] 06/11/2014 12:41

Oh and Mclellan has received more "confidential" information... lol

And Pensioner 2 is very happy with the formation of the cup handle despite losing half of his money!

No wonder "trolls" come on here and try to talk sense into the idiots.

[jcd1972] 06/11/2014 12:39

USOL article again for info.

'UK-listed Xcite Energy is close to signing a memorandum of understanding for drilling services for its Bentley heavy-oil field in the UK North Sea.

Industry sources said signatures could be placed on the preliminary deal within days and that China Oilfield Service Ltd (COSL) is well-placed.

Upstream understands that, if selected, COSL will simultaneously sign a similar preliminary agreement to lease Singapore rig owner TS Offshore’s KFELS N Plus-design jack-up rig being built at Keppel Fels for the possible Bentley work.

The rig, which was ordered in March this year, would be ready for operations in 2017 under a contract that could run for seven years, sources said.

Other bidders Xcite is talking to are understood to be Maersk Drilling and Noble Drilling, said to be offering GustoMSC CJ54 and CJ62-design units respectively.

Another company, Norway’s Ocean Yield, is also understood to have bid a planned E-Class design unit.
An Xcite spokesman declined to comment on the details of the tender, but said: “We have a tender process for the provision of a drilling rig. We have previously said that is the next role in the development group to fulfill, and we are evaluating a number of options.”

Xcite holds a 100% operating stake in Bentley, but is yet to secure funding and is on the hunt for farm-in partners, with the aim of bringing it online in mid-2018.

In the meantime the company has signed a series of MoUs to establish a risk-sharing development group in preparation for delivering a development plant to the UK authorities.

The latest MoU, with Baker Hughes for oilfield services, was announced last week.

The group also consists of Teekay for the project’s floating, storage and offloading vessel and Amec and Aibel for the platform.Xcite has also signed agreements with Statoil and EnQuest to explore sharing a common gas pipeline on their respective Bressay and Kraken fields.

Xcite chief executive Rupert Cole said: “All the MoUs we’ve signed set out the principles on which we are drafting the commercial contracts. So, each one is an important step towards the field development plan.

“The last key part is the drilling rig. And those discussions are also going well.”

Bentley is located in Block 9/3b and contains about 909 million barrels of in-place oil'.

[spkiller] 06/11/2014 12:38

This is strange. It seems that according to this BB there has been a leak of important news, but the share price hasn't moved?

[jcd1972] 06/11/2014 12:31

mclellan - the BOD made no attempt to deny the USOL article. They just can't confirm it now. I think like Mike said that they'll want to get the news out before 3Q update later in the month.

Re Sparks point I thought that was what the BOD have been suggesting. RC certainly said they're prepared to submit the FDP without a major backing them. We're then into what RC means by the value comes from the FDP.

[arlington chetwynd talbot] 06/11/2014 12:20

Now perhaps instead of stating what we already know, that there is indeed a bidding process. Why doesn't someone look at the candidates and their proposed rigs?

We do have some clues... are they all basically the same quality? Is 7 years really what XEL need? Is there an obvious missing candidate?

[arlington chetwynd talbot] 06/11/2014 12:13

Let me guess... as we have already stated to the market drilling rig tendering is ongoing?

[mclellan] 06/11/2014 12:09

Blimey- I got a reply but it has one of those confidentiality thingies attached to it.