(XTR) Xtract Energy

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Xtract Energy identifies and invests in a portfolio of early stage oil and gas businesses with very significant growth potential. We aim to work closely with the associated management teams to achieve critical project milestones, to finance later development stages and to build and crystallize value for all shareholders and partners.Visit the Xtract Energy PLC website

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Tue 21:51	Re: Not long now Bazil	SafeBreaker


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NOOO! Don't do it. Swapping one dog for another. In this market you want a company that has already struck and has alot of imminent newsflow due - GKP. More View thread 6 Respond Login to Vote up
Tue 17:51	Re: Not long now Bazil	karlo74


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Not sure what to do.... I am thinking of selling my 500,000 I have here (avg. 2.0p - ouch!) and putting it in Sound - I have a feeling they are going to do a lot better in the short term. Merc500slk - What are your thoughts on this? More View thread 6 Respond Login to Vote up
Tue 13:57	Re: Not long now Bazil	Merc500slk


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I think he`s jumped Bazil....... Crikey I don`t post on here much as I have no useful information but do have several thousand tied up here so do look daily or to be fair probably more like every 3 seconds lol and I have never seen this board so quiet. I am still sat here being patient with all of you, as with my BPC and Sound Oil shares. Good luck all holders..Good things come to those that wait eh, Merc More View thread 6 Respond Login to Vote up
Fri 12:30	Re: Not long now	Bazil_Brush	1


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Can I have your shares before you do?? B_B More View thread 6 Respond Login to Vote up
Thu 20:19	Re: Not long now	lukeoleo


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Got to keep smiling... GL More View thread 6 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
Thu 20:18	Not long now	Redike	7


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until I nip up and jump off the roof More View thread 6 Respond Login to Vote up
Thu 15:03	Re: Cats do bounce it would seem!	indolent	2


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oil man, Thanks, caveat appreciated. I wouldn't go large but realise it could be throwing good money after bad. At that price I intend to take a risk with a little then watch and re-assess. That said and to borrow a word from loot, a savage fall at pace from here would make me hold fire. I don't see the rush as I might be wrong but I don't see traders taking positions when summer starts. Not that soon. Indy More View thread 4 Respond Login to Vote up
Thu 14:47	Re: Aussie Shale in the news	Troutfisher	7


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Oilman you seemed to have missed this. . "We're keen to expand our portfolio predominantly offshore but also we're looking onshore as well," said BP's managing director of Australian exploration and production, Phil Home. "Clearly, like everyone else, we are interested in shale gas and oil shale, so we are looking to understand what the opportunity set is, but it's too early to say at this point." You seem to be overplaying your hand. More View thread 7 Respond Login to Vote up
Thu 14:29	Matt8788	Jay24	3


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Matt where are you!? Was expecting a post from you saying `Bonza Bonza, rock bottom price, invest now, will be 1p next week, you'll all be minted!`.......Lol...... More View thread 1 Respond Login to Vote up
Thu 14:25	Re: Cats do bounce it would seem!	oil man5	1


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Indi, if this turned into a cash shell, it is likely to fall another 90% from present levels More View thread 4 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
Thu 14:23	Re: Cats do bounce it would seem!	matt8788


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more akin to a bag of cats being drowned :-) More View thread 4 Respond Login to Vote up
Thu 14:20	Cats do bounce it would seem!	indolent


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Will suspend disbelief and buy back if this goes sub 0.2p - in tranches. Then patience will be needed, lots of it. More View thread 4 Respond Login to Vote up
Thu 14:10	Well that was an unprompted cliff fall	matt8788	1


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Xtraordinary!!! :-) More View thread 1 Respond Login to Vote up
Thu 14:02	Re: Aussie Shale in the news	Dieselbuyer	1


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OilMan5, read again - BP says - "Clearly, like everyone else, we are interested in shale gas and oil shale, so we are looking to understand what the opportunity set is, but it's too early to say at this point." More View thread 7 Respond Login to Vote up
Thu 11:36	Re: Aussie Shale in the news	andy tague	1


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So Oilman, you reckon big oil is just looking for gas, just as well they don`t think like you, big oil thinks 30-40yrs ahead, they`ll buy the assets and wait for the technology to catch up, whether oil or gas! More View thread 7 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
Thu 11:16	Re: Aussie Shale in the news	oil man5	3


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This article is about shale gas, which has nothing in common with the kind of surface oil shale mining operation required for Julia Creek. More View thread 7 Respond Login to Vote up
Thu 08:40	Buy Re: Aussie Shale in the news	Dieselbuyer


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Exciting read, if the majors are looking to get in to Australian shale early, then that is proof shale IS going to happen in AUS, just a matter of time. Wonder if they will be interested in our couple of billion barrels? Hope PM is biting their ankles!! More View thread 7 Respond Login to Vote up
Thu 08:24	Hold Re: Aussie Shale in the news	andy tague


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Interesting read WC, makes hanging on at these levels look sense, maybe they don`t have much in the coffers, but they have shale oil, in abundance! More View thread 7 Respond Login to Vote up
Thu 01:51	Buy Aussie Shale in the news	WCT275	4


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BHP Billiton, BP, Total and Shell are weighing up early stage investments in Australia's shale gas sector in a bid to secure acreage before assets become too expensive http://www.rigzone.com/news/article.asp?a_id=117905 More View thread 7 Respond Login to Vote up
Wed 21:29	Re: Too late to sell. Come back	oil man5	1


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Lone, have gone through your past posts, as you seem to post exclusively on xtr they were easy to find. Last December just before Christmas you said "....In every stock i have the sign of improvement is when the unfounded negativity arrives. ... ....Don't waste time arguing - why bother? Stay with the programme and hey big percentage movements are inevitable at this price. If it worries you, just don't look, wait, have a good Xmas, don't get tangled in pointless arguments. Xtr will come good......" So why are you complaining about me being "negative"? Surely it must be a sign for you that "improvement" is just around the corner? We certainly have seen "big percentage movements" , so why don't you follow your advice and "just don't look", especially since you are certain that "Xtr will come good" More View thread 5 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
Wed 16:20	Re: Mega undervalued - oil man5	indolent


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oilman, You certainly weren't as I got caught too just not large even though, for me, it was a nasty loss but one entirely of my own making as I thought the Luna downside worse than the upside. But I didn't expect it to fall so far and so fast on the day of duster news. If I had held a lot I don't think I could have pushed the buy button but if you had an opportunity to bail at say 0.8 to 1.1 on just the whiff of rumour and no more then would you? I ask partly as I wonder how far this could bounce before traders bail to avoid the repercussions of any fund raising. Briefly it might actually go up because of worries around the Going Concern note in the accounts but the smart money wouldn't fall for that and would quickly take their profit. Indy Indy More View thread 20 Respond Login to Vote up
Wed 16:18	Re: Mega undervalued at these levels	oil man5	2


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Loot, thanks for your detailed post. I was not aware of this limitation in the Sedar. In regards of the two year period to FDA, this is based on the following considerations: 1. Chevron has to complete drilling/fraccing/testing. As long as the rig is on location, this has not been accomplished. 2. Next step would be an evaluation of a large amount of collected data. As a potential field development hinges on this study, I would anticipate that besides the usual integration of formation tops into the seismic mapping there would be a detailed reservoir engineering evaluation of the test data, and the generation of static and dynamic reservoir models. My estimate would be at least 6 months for this work. 3. Chevron then has to present its findings and to reach an internal and partnership decision to proceed, for a big company like Chevron to pass all the necessary comittees should take about 3 months. 4. Following a positive decision, a field development plan has to be prepared for submission to partners and the government. This should take a minimum of 6-8 months. 5. Approval of a FDP by the Dutch authorities takes about 9-12 months. So with a lot of luck we could have an approved FDP in 24 months from now, but most likely the period will be closer to 36 months. Unfortunately xtr has no influence on this process, it just has to wait until it has run its course. More View thread 20 Respond Login to Vote up
Wed 15:46	Re: Mega undervalued - oil man5	oil man5	1


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indi, I guess you could call it hope winning out against better knowledge. Unfortunately I was not the only one who got caught out. More View thread 20 Respond Login to Vote up
Wed 13:14	Mega undervalued - oil man5	indolent	1


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"Even with the most optimistic estimate of how much money is left, the company won't last that long." oilman, Please would you say why you didn't sell when the 2011 accounts were published or perhaps before? Surely there is a very low chance of you and others changing the BoD in the time frames you thinking they might run out of money.. I'm not a born again ramper and I'm not a buyer at these levels either. Indy More View thread 20 Respond Login to Vote up
Wed 13:14	Re: Mega undervalued at these levels	lootgalloot	3


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oil man, I agree; commercial flow is not sufficient in itself to serve as security for loan finance. If, as you suggest, the field development process takes two years then I have to admit the situation is serious. I am now struggling to see where the company can raise funds especially as I believe the SEDA credit facility has been all but exhausted. It is my belief that there is as little as £64K left in SEDA finance and not the £12million as originally assumed. Please read the following SEDA conditions, pay particular attention to condition b) “The amount of an advance cannot exceed: (a) £2,000,000; (b) such amount as would result in the Investor holding more than 2.99 per cent. of the total issued share capital of the Company or 0.99 per cent. if the Company is in a takeover period; (c) an amount equal to 300 per cent. of the average daily trading volume of the Ordinary Shares multiplied by the volume weighted average price of the Ordinary Shares (the "VWAP") on AIM for the 10 day trading period immediately prior to the date of the relevant advance notice ("Pricing Period"); or (d) such other amount as may be agreed upon by the mutual consent in writing of the parties.” To date the company have made two drawdowns on the SEDA credit facility. 2 Nov 11 – 17,647,059 shares 1 Mar 12 – 14,627,011 shares As the total number of XTR shares is 1,547,484,439 the SEDA drawdown to date represents 2.09% of shares issued. However, according to the above conditions, SEDA drawdowns cannot come to more than 2.99% of the total issued shares; this leaves only 0.9% of share capital available for further SEDA drawdowns! At today’s share price this amounts to only £64K. I wish I was wrong about this, but there it is in black and white. It is worth pointing out that the SEDA arrangement fees came to £250K (almost 40% of total funds raised from the SEDA). It looks like indolent may get his 0.2p entry price after all, but even 0.2p is beginning to look too expensive. More View thread 20 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
Wed 06:16	Re: Too late to sell. Come back	The Lone Ranger	1


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Probably your constant pessimism oilman. I think you've said what you need to say and now it's just endless repitition. I really don't understand your motives - hopefully, if good news does ever arrive, your posts will be a distant memory and will not influence any future potential investors. There are loads here that have been stung by this one. I'm sure like me they must be say - "when will guy just give it a rest!" Maybe 5% of what you say is constructive, but the other 95% is totally unneccesary. More View thread 5 Respond Login to Vote up
15-05-12	Re: Australian Shale	oil man5	1


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Eddie, thanks for posting this link, it is an interesting article, but it has nothing to do with the JC oilshale deposits More View thread 2 Respond Login to Vote up
15-05-12	Re: Too late to sell. Come back	oil man5


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Ekati, what made you decide to sell? More View thread 5 Respond Login to Vote up
15-05-12	Re: Mega undervalued at these levels	oil man5	1


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Loot, I don't think you could monetize the interest in P2-10 before there is a government approved field development plan, and if you sell before production has been established, there would be a significant discount to cover the development risk. Taking into account the time it takes to develop a field development plan, and to get it approved in the Netherlands, the earliest xtr could monetize P2-10 would be in 2 years from now. Even with the most optimistic estimate of how much money is left, the company won't last that long. You mention tax credits, but as xtr has not shot any seismic or participated in any drilling, there are none. This stock has only junk status now, but if the company is reduced to an AIM shell (of which there are many), the sp could drop another 90% easily. More View thread 20 Respond Login to Vote up
15-05-12	Re: Too late to sell. Come back	Ekati	1


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Came back on my decission to hold. Sold out and invested the residu in NEW. greets More View thread 5 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
15-05-12	Re: Mega undervalued at these levels	indolent	1


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loot, Seeing how it has been trying to move up despite the fear of the last week I would also be surprised if we saw that level. As for summer, it's not down to this BoD but Chev mngt which is probably a good thing but if it does drag many will get nervy. I accept that prima facie you may have got the value about right and it's interesting how yours was in the same ball park as implied by FD recently. If it climbs from here and never returns to 0.35 I will have a little more faith in that broker which has implications for one I'm holding. This could be a very good punt for those with a high risk tolerance and who were patient when me and others weren't. Indy More View thread 20 Respond Login to Vote up
15-05-12	Re: Mega undervalued at these levels	lootgalloot	2


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Indy, I'm in no rush to buy atm but I'd be suprised if we see 0.2p. 'Summer' includes 'early summer'. I've always considered June to be a summer month so we have only a few weeks before people start to take positions. More View thread 20 Respond Login to Vote up
15-05-12	Re: XTR remains strong in market adversi...	matt8788


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looking stronger and stronger as the day goes on ;-) More View thread 3 Respond Login to Vote up
15-05-12	Re: XTR remains strong in market adversi...	themanfromunwins	3


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One man's nice and stable is another man's down five percent. That's diversity, I suppose. More View thread 3 Respond Login to Vote up
15-05-12	Buy XTR remains strong in market adversity	matt8788


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Looking nice and stable, with massive upside potential still presenting itself to the savvy trader Mega undervalued at these levels No diggity No doubt More View thread 3 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
15-05-12	Re: Mega undervalued at these levels	indolent


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I think it is worth buying at the current share price. ------------- And even more worth it 0.2 ish even though I would probably not have the patience to wait for that. It could be a long summer though and not just because of Greeks behaving badly. More View thread 20 Respond Login to Vote up
15-05-12	Australian Shale	Eddie Shoestring


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http://www.tcetoday.com/latest%20news/2012/may/shale%20gas%20could%20double%20australian%20gas Positive and negative article FYI More View thread 2 Respond Login to Vote up
14-05-12	Re: Mega undervalued at these levels	lootgalloot	2


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oil man, Present value = Future value/(1 + i)^n I’ll let you do the maths but by my reckoning £18m in 3 years’ time is worth £15.5m today if you assume a 5% interest rate (i). You may use a different formula to me (several exist, I use a relatively simple method) and I accept 5% may be on the high side in the current economic climate but I think you will agree £15m is a reasonable estimate (especially as I have opted for the lower end of the TRACS best estimate). My suggestion is that if Block P02-10 was commercial, XTR could access the cash immediately by using the future revenue as collateral. With the company’s future secured, this would still leave 200bcf (NPV > £40m) contingent resources (ave. COS = 50%) remaining in the Dutch licences for further upside (to say nothing of the exploration resources in the Dutch acreage). My point is that the Chevron royalty is a significant asset which should not be underestimated. Unfortunately, due to poor management to date, we are dependent on Block P02-10 coming in – there is no Plan B. Tax would not be payable until revenue comes online in about 3 years’ time. Even then, the company have unused UK tax losses to set against future profits (although I’m not sure if Chevron revenue is taxable in UK or Holland) I believe this is a high risk investment and I would not encourage people to invest more than they can afford to lose but for the reasons mentioned above I think it is worth buying at the current share price. More View thread 20 Respond Login to Vote up
14-05-12	Too late to sell. Come back	Ekati	1


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late summer. Ekati More View thread 5 Respond Login to Vote up
14-05-12	Re: Mega undervalued at these levels	oil man5


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Loot, I realize it is a rough back of the envelop type calculation, but in my opinion too high. I am not sure how you get from sales value to NPV, what discount factor are you using? You also need to take off about 50% tax. The end effect will be very small for each of our 1.5 billion shares. More View thread 20 Respond Login to Vote up New £5 frequent trader rate - trade UK shares, investment trusts and ETFs
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