Xcite Energy Share Discussion Threads

[eow] 25/10/2016 14:31

No I dont agree...I think this Bod are trying to save the licence.

[o1dsmokie] 25/10/2016 14:17

Surely prosecutions must follow this debacle, the lies posted here alone must have cost naive punters millions, and that coven run by mcloony deserve at least a ten stretch surely,.

[cyan] 25/10/2016 13:50

XER is its wholly-owned UK subsidiary.

Imo, its all toast

[o1dsmokie] 25/10/2016 13:44

carla1
25 Oct '16 - 14:22 - 60667 of 60670 0 0
You NASTY NASTY people .. I have millions of these

------------------

hahahahahahahahahahahahahah!!!!!!!!!!!!

[eow] 25/10/2016 13:35

CYAN why are they keeping XER so close to their chests ?

[carla1] 25/10/2016 13:22

You NASTY NASTY people .. I have millions of these

[leedskier] 25/10/2016 13:17

Apparently elsewhere -- the `bb have been pretty muted on ADVFN for weeks, there has been a gathering crowd of shareholders revolting against the proposed D4E.

This was yesterday on proactive's website.

The bondholders response, is to petition to wind up.

Xcite Energy Shareholder Revolt - Petition Against Proposed 98.5% Dilution
Monday, Oct 24 2016 by ishareinfotv 1 comment
3
Xcite Energy Plc (XEL.L), listed on LSE-AIM and owner of one of the largest undeveloped and proven oilfields in the North Sea, has recently seen a shareholder revolt to a proposed EGM.

[shareho1der] 25/10/2016 12:45

I warn you guys that the Shareholders will steal this company and left shareholders with nothing.

[eow] 25/10/2016 12:45

Carla you're insane !

[gunsofmarscapone] 25/10/2016 12:41

Not grandchildrens oil but great grandchildrens! Or maybe never?

Lost 93 quid on my 'White Knight' punt :(

[cyan] 25/10/2016 12:31

The Carla1 curse strikes again. Where will it turn up next? Be afraid; very afraid.

[substp] 25/10/2016 12:22

Sorry for everyone that holds.... :-(

Never would have thought this company with such high possibilities would have ended up here......

[peterlowen] 25/10/2016 12:09

Turn the lights off on the way out CARLA £4.20 - 0.01575 Glad the board got out at £4.00.


GOOD BYE !!

[tonysss13] 25/10/2016 12:07

lol Carla1 I remember you from the AFR thread, still consigning stocks to the graveyard I see

[stonefold] 25/10/2016 12:04

RNS


25 October 2016

Xcite Energy Limited

("Xcite Energy" or the "Company")

Shareholder Update and Bondholder Petition for Appointment of Liquidator
This announcement is made further to the Company's announcement on 27 September 2016, in which it stated that it was concluding restructuring negotiations with the principal Bondholders and expected to exchange 100% of the value of the outstanding Bonds for 98.5% of the enlarged share capital of the Company.

Following such further discussions, the principal Bondholders have informed the Company that they are not satisfied that the transaction is capable of being implemented in a manner acceptable to them. On this basis, they expect to instruct the Bond Trustee to petition the Court in the British Virgin Islands within the next 10 days requesting the appointment of a liquidator to the Company, which is expected to take effect approximately 4 to 6 weeks from the filing of such request.

On the basis of advice received by the Company and the directors, the directors believe that liquidation is unlikely to result in the return of any value to the Company's existing shareholders.

As a consequence, the Directors have requested the immediate suspension of the trading on AIM of the ordinary shares in the Company.

The principal Bondholders and the proposed liquidator have confirmed that Xcite Energy Resources Plc ("XER") and its assets are not expected to be the subject of enforcement action and XER is expected to remain a going concern throughout this process.

[glenbo1] 25/10/2016 12:03

Carla WHERE ARE YOU NOW????

[ricardoskull] 24/10/2016 15:18

downwards??

[carla1] 24/10/2016 14:29

She BLOWINGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGG


the RE RATING CONTINUES !!!

[carla1] 24/10/2016 14:14

Oh Christ ... why are we going up..... ??

We will Have Cyan climbing the walls with worry :-)

All ABOARD to MULTI BAG....

We are on our way !!

[carla1] 24/10/2016 06:54

Good morning fellow investors