XCITE ENERGY

Anyone care to guesstimate when the FDP might go in ?

"Is it possible that the company is in a 'closed period?"


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

What? closed period since 2011?!? hmmmmm

I must say it's very disappointing how many shares some of the directors hold. I also hold more shares than most of the BOD combined (at a loss obviously)!!!

Yeah Clarence, stop biarrtching!

FFS stop moaning all the time, will you Clarence? No-one forced you to buy.

A lot of us are in the same boat and you're beginning to remind me of my ex. All we lack is a repetitive:

"and another thing too while we're on the subject", combined with a thickening of the hips and a total sense of humour failure about entirely reasonable behaviour on my part

and we're there.

I'll understand if you now decide to sulk at me btw. My ex is still doing this 14 years later. I must have annoyed her more than I thought. I'd have thought she and her team of legal dobermen hanging me upside down for 7 years as my pockets were shaken out would have been enough. Evidently I was wrong. I'm not sure my death would have sufficed.

I'm much better now (apart from having accumulated a shed load of XEL since 2011).

Oh - and there's TRAP (a mere £88k) and RKH (I'm not saying).

The above is out of the scraps I was left with after I gave up the unequal struggle and capitulated in the interests of my health and sanity.

You wanna complain.

Equally we don't need all those ramping posts ... All they do is attract the short term traders and hedge funds to rape and pillage.

Proof ?? Just look at what a fantastic ready for production asset and then look at the SP... Nope doesn't need me to take it down the market is doing that itself by using the lack of funding, progress, news, managenent ineptitude that Rupert gas brought to this job in return for plenty of money and cheap shares.

Get rid of Rupert and it is worth at least 50p on the SP

Market Maker code for a 7 am RNS if you believe the likes of UpAnchors.

On the other hand........................

Anyone who is worried about XEL should sell.

Its very simple, dump all your XEL shares tomorrow and all your worries will disappear.

Me.............I will do exactly as I have done with OXB...................Hold, and add when possible while waiting for news.

2017...2018...2020...............As long as it takes.............GLAH

You are another one CB cant see the point sell up and move on my friend we do not need more and more negative posts ! If you go our lives will be a lot brighter !
LB

it doesn't need talking down, its here on its own accord.

CB

Appears as if DDreamer has been tasked with talking this down (yet again) so it can break 29.50p.

I can never understand why someone posts almost consistently, on one BB, with negative sentiment !!

Sell up and leave .... and so say all of us.

PS Only noticed it's ramblings due to not logging in before viewing.

So not one biggish order filled during the day on either side , volume is telling the sleep button is on for now !

DDreamer you moaning on every day about the SP will not help it, and as for Ruperts Salary, did you see the bags under his eyes in the last Video, it is a very tough time for Oilies, Xcite being no different, but Xcite have a plan to develop this field at the lowest cost possible with our partners all sharing the risk and reward, it is probably a very good time for Xcite to be doing this as firms will be desperate to secure future work if viable, I was listening to the Jeremy Vine show about how well off people felt, there was one guy in Aberdeen that has had his salary cut by 20% already and is about to have another cut of 15% he works in the Oil industry, if Xcite can costs cut now to a level where the field is even more robust long term then that is good for the Shareholders, I see you only really post on Xcite these days not RKH.
You must look on the bright side of life, we will get there in the end.
LB

1 share ????????????????
Signal or what, is that the short finally covered today?

Incase you hadn't noticed Rupert is drawing a fat salary for doing a lot of damage to the SP.

I'm not suggesting he makes a comment every day but I do think that perhaps the SP being 33% of what it was ayear ago might be worth some statement rather that the condescending video he put out saying: " Listen to me ".

Yeah right Rupert, we've listened to you and look where it has got us ..

Get your snout out of the trough and do something positive for once ..

I suggested it may be a possibility that Rupert may well have an ulterior motive in doing nothing that would assist the SP upwards

eg so that cheaper share options can be handed out at some stage ?

Alternatively, it may just be incompetence.?

Sorry about my grammar syntax and spelling! I blame iii on ipad!

Few points on my mind

1. Anybody encouraged by noticed that the rsi14 for 6,3&1 month charts all show as oversold at 30p rather that 27?

2. Wish BB users would stop propogating headings like 'sad decline' when we all know its been painful but that is in the past now we have a chance to move forward and hopefully upwards.

3. Courtesy of Clarence about directorholdings.com (thank you) and looking at 2011 purchases by RC&Kew that are down some 2 x £800k, arguments about snout in trough aside please. Would they knowingly make those purchases and then activly destroy share value?

Why are you so obsessed with Rupert Cole? Do you want him to spoonfeed you everyday like a little baby just because the shareprice is moving up and down?

He is progressing the company and has better things to do than having to commentate daily on his shareprice

It is rather a sad decline, the SP is now even below that of Bowleven. Who would have thought that a year ago ?

Just a matter of time ...

And still no comment Rupert ?

From Bloomberg



(Bloomberg) -- Mark Carney said this week the Bank of England’s reputation has taken a knock from its failure to spot the rigging of global currency markets.

A day later, that became a double blow when the U.K. fraud watchdog began investigating the 300-year-old institution’s efforts to help banks during the depths of the financial crisis.

The Serious Fraud Office investigation threatens to undermine the BOE two years after it won back the power to police the U.K.’s scandal-prone financial industry. The probe alone opens Governor Carney and colleagues to fresh attacks from politicians already unhappy with their efforts to clean up the City of London, as the financial district is known.

“It’s a massive problem for the bank’s reputation along with all the other the scandals that have gone on in the City,” said Andrew Clare, a professor at Cass Business School in London and former BOE official. “It leaves them with the job of trying to restore their reputation and that has to be done soon.”

The SFO opened a full investigation in December after the central bank referred the initial findings of its own inquiry into its emergency cash auctions in 2007 and 2008 at the height of the financial crisis that were aimed at aiding banks as liquidity dried up.
Rigging Questions

Both the BOE and the SFO declined to comment further as the investigation is ongoing. At question is whether the transactions were rigged for financial advantage and if so by whom. It isn’t clear whether the 27-year-old fraud prosecutor is probing individuals at the BOE or at banks.

“If there’s been wrongdoing at the Bank of England or at any bank -- the manipulation of rates -- let them be brought to book,” Panmure Gordon & Co. market commentator David Buik, who has worked in the City of London for 53 years, said in a telephone interview. “The Bank of England is looking to be seen as whiter than the driven snow.”

This is not the first time the spotlight has fallen on the vulnerability of the BOE’s multiple aid programs extended to struggling U.K. banks during the crisis.

Lloyds Banking Group Plc paid the central bank 7.8 million pounds ($11.9 million) in July after its traders were found to have rigged the sterling repo rate to reduce the fees it and other banks paid to the BOE in return for aid during the financial crisis.

The BOE’s special liquidity scheme allowed U.K. banks to swap illiquid assets, such as mortgage-backed securities, for government bonds. These could then be traded for cash.
‘Light Touch’

The fee for using the facility was based on the difference between three-month sterling London interbank offered rate and the repo rate, which was set by 12 banks in a poll conducted by the British Bankers’ Association. Lloyds traders inflated the firm’s repo submissions on the days the SLS fees were calculated to narrow the spread, thus reducing the cost.

“Such manipulation is highly reprehensible, clearly unlawful and may amount to criminal conduct on the part of the individuals involved,” Carney said in a July 15 letter to Lloyds Chairman Norman Blackwell. Officials at the London-based lender declined to comment.

For the central bank, the risk posed by the SFO probe is that one or some of its officials broke the law, meaning that not only did it fail to detect or manage scandals, but it missed wrongdoing within its own ranks. That would prove a low mark for the so-called Old Lady of Threadneedle Street, which has spent eight years trying to bring the financial sector to heel following the 2007 run on Northern Rock Plc and 2008 bailouts of lenders such as Royal Bank of Scotland Group Plc.

The BOE has already been criticized for its role in the U.K.’s “light touch” regulatory system which allowed the benchmark interest rate for global finance, known as Libor, to be manipulated.
Tucker’s Loss

The fallout from that episode was one reason for the 2013 appointment of Carney from the Bank of Canada as

Ok bad choice of words which Rampers like yourself will seize on and misconstrue.

What term would you use ?

12:44 DDreamer

"The use of the term 'sell off' . . .

. . . . isn't a term I would apply here."

====================================

You just used it at 12:17, remember?

" . . . looks like the Market is selling off . . "

If you are going to lie successfully, you really need a good memory!

The use of the term "sell off" is the knee-jerk reaction I would expect from a die-hard Rupert supporter.

It isn't a term I would apply here. i suspect that the Instructions to SCAP are: "Hold the price down and if you can make a few bob trading, we have no problem. You will be handsomely rewarded. " Trashing the SP would put that in jeopardy and so they milk it slowly ... We all though it would hold at various level on the way down ... Each time when lack of volume dictated or Rupert failed to deliver positive news, then the SP gets taken down

The market is selling off !!!!! Have you seen the volume !!! The market has sold off 42K shares today that's 14 grand , there are 309M shares in issue so do you consider this a sell off !!!

Having watched the SP decline from £1.20 and realising that Rupert does not possess the skills to affect the situation, looks like the Market is selling off at 30p and when the volume drops below a certain algorithm-defined level ... SCAP will take it below 30p. The question is how much more money SCAP or rather thie masters are willing to invest in holding this down ?

Will it be before Rupert is forced to update the RAR ? Does he want to ?

Don't blame you ! lol

Sorry Uggy, but I must have the "odious creature" on ignore !
LB

The only surprise is that you're not in my bin.

That has now been remedied you odious creature.

Uggy 100 .... I posted an article from bloomberg. The real world is about information. You must be one sorry loser on this share if you fail to heed the warnings of respected analysts? How much are you down on your shares? No surprise is it!

Well HRG did mention a Russian in his last missive !

http://www.bbc.co.uk/news/business-31739727

http://letterone.lu/l1-energy/

And interesting from the Riverstone site



'Virtually our entire conventional upstream portfolio, consisting of 40 companies with $9.5 billion of equity committed, is focused on finding and developing oil and natural gas resources around the world.

The returns we have produced for our investors in this sector come almost entirely from developing new reserves and increased production, often through aggressively employing new recovery methods and technologies as well as lowering operating costs'.

http://www.riverstonellc.com/#!focus/exploration-and-production

With apologies for previous botched job!

Not read the whole article but he says that Catchers 2P Reserves are worth more than Bentley's as its a field life of 11 years not 35 years, Catcher has 26 million 2P Reserves and Bentley has over 250 million, there is no way Xcite and its partners could extract 250 million in 11 years ! I wonder what the Capex is for each barrel of Oil on a 2P Basis , also what is the Production rate on Catcher, I would think Xcite are better on a simply basis Catcher will produce just over 2 million per annum where Xcite will produce 7 million per year over 35 years !.
Just figures, but it all sounds very positive.
Lb

Always good to keep an eye on what Statoil are up to, IMO.
Good luck all,
Artemis

Statoil to drill Catcher and Mariner exploration wells in the Spring
Written by Jeremy Cresswell - 04/03/2015 6:00 am

Excerpt: (see link to full article below)
Statoil is preparing to drill two UKCS wells in the Spring . . . one in the Catcher area of the Central North Sea and the other in the Northern North Sea immediately to the west of the company’s Mariner field.

The Catcher prospect, known as Wall, is a sizeable target which, if the pre-drill estimate is achieved, could be the herald of a standalone development.

The Mariner area prospect is known as Boatswain and could add around 40million barrels of recoverable oil (median case), so enhancing the economics of the current Mariner development. Moreover, it could open up a fairway to the west and offer the potential for further reserves upgrades.

The company is bringing the semi-submersible Songa Trym from the Norwegian sector to conduct the campaign, which is expected to take 55-60 days subject to weather and drilling conditions. Each should be of 28-30 days duration.

The plan is to spud late next month and there is sufficient flexibility in the programme to enable further drilling should the Songa Trym hit pay-dirt.

“If Wall (28/15) is a success then we will drill Hadrian next!” said Statoil East North Atlantic VP exploration Tom Dreyer. “Then we will have Hadrian’s Wall!

“The geological target of Wall is currently classified but it has stand-alone potential should expectations be realised.”

Boatswain is expected to be much like Mariner and Dreyer expects to encounter hydrocarbons in the same two reservoir sections that characterise the Mariner discovery . . . the Heimdal and Maureen formations.

“Boatswain is, we hope, an extension of the Mariner field westwards. It could provide Mariner with more resources, thereby making the project stronger,” said Dreyer.

“The pre-drill estimate is around 40million barrels recoverable . . . that’s the mid-range figure. It could be a lot bigger. It could be a decent add-on to Mariner.

“I can also give you one other piece of information and that is, if Boatswain works, we shall use that information to look for even more similar prospects in the area. That is dependent on shooting new seismic. (sounds interesting)

“The intention is that this campaign be shot in the Spring this year. If it’s successful then perhaps we can add a well to our (Mariner) drilling programme, maybe in 2017. But it does depend on Boatswain’s success. We can’t prove any additional Mariner-like potential based on the current data. We hope that shooting new seismic will reveal a continuation of the trend; that we can find more Boatswains in the area.”

Dreyer wants to shake up exploration on the UK Continental Shelf where he sees companies doing the same old, same old, when it comes to exploration with little or no lateral thinking. (sounds even more interesting!)

“On the UKCS over the past 20 years people have been focused on the same things and have left a lot of areas quite untouched,” said Dreyer.

He explained that Statoil had held UK acreage since the late 1990s but that it is only recently that the company has pursued licences as operator.

Catalyst to the shift is of course the company’s 2007 acquisition of the majority stakes in and therefore operatorship of the Mariner and Bressay heavy crude fields.

Dreyer thinks fresh thinking and application of different technologies and analytical techniques could yield hydrocarbon discoveries that might otherwise not be spotted.

“Around 2010, we had a lot of successes on the Norwegian side which were made possible by technological advances,” he said, referring to Johan Sverdrup. “The time is right to try those techniques on the UK side as well.

“The recently awarded (28th Round) acreage has two objectives . . . to support Mariner and Bressay (block 9/11 and block 9/3) and to

It did !
Getting on for 4 years well it is 4 years !
LB

http://oilprice.com/Energy/Crude-Oil/Why-Value-Per-Barrel-Is-Such-A-Lousy-Metric.html

Must have dreamt that one.

Probably more significant if you to or want to or have to buy 16.25M for 84p between June and August ! Wouldn't you want to lower your average by loading up 3.99% of the company without anyone being aware? That's over 12M shares whats the upside then if you trade them at the worst if no news and you take the brake off ?

Easy for you to say that wahlberg ... after all its what you're paid to encourage shareholders to do ?

IMHO the upside for the sp is much greater than the downside from the 30-35p level. The margin is so slight that no/very few PIs will be trading, only algorithms, with a program designed to kill upward momentum. The daily trading tends to repeat itself with early sells, then small rise followed by drop off late pm, so that the sp generally closes lower than the open-but not by much.
Question is-these programs clearly have access to substantial volumes of (borrowed) stock which could be used to trash the sp, given the very low volumes, and yet they choose not to.
So what's so significant about 30-33p? It bears no relation to anything of substance.
SCAP and the boys seem to have a longer term strategy-either their own,or their client's.