Xcite Energy Ltd (XEL)

sabretoothtigger

blinko wrote: »

GKP took a hit recently but up 5% today but i think thats a longer term play

They pulled back within an uptrend similar to what they've done in the past, have they any news due after the last flowtest seemed to be good

How are they value wise vs other oil explorers, at some point these companies tend to always get overvalued or overspeculated




I used to own shares in igindex, whats that about them

XEL is quite unusual how it has barely pulled back, 176p for it would be a similar price to gkp performance

blinko

well flow test starts first week of december, so i think they are putting a premium on it im sure news will leak out one way or another before hand,

but i think alot of people stand to lose out here if it goes wrong, but so far all the info looks good i guess we just need to sit tight and wait for the rns next week,

one thing i dont like about aim is the graphs etc can be manipulated by MM's

anyway GLA

uptomyeyeballs

Going to be an interesting fortnight I think. All i've got in now is 'free' stock. My capital is conserved. :T

Shatners_Bassoon

great post from lse

"A few simple questions that I feel are worth considering, that we should all now be asking ourselves over the next few days.

Q. Why has XEL registered themselves as an offshore tax-free company in the British Virgin Islands.

Ans. Because it's the most tax effective way of keeping all of their money when they sell.

Q. Why have they awarded themselves over 6m shares each.

Ans. Fantastic pension pot.

Q. Why are they sharing info with Statoil in the neighbouring Bressay Field.

Ans. To firstly ensure they get a good flow test, and also to tempt them into a buyout.

Q. Why have they allowed BP to be alliance partners.

Ans. Firstly to help achieve the FSP stage, by using BP's contacts and knowledge to bring the Oil on line without having to take on partners by Farming out etc, so retaining total control over their own destiny. Secondly, tempting them into a competitive situation as a possible bidder, on completion of the current Flow test results.

Q. Why have they allowed AMEC to be an alliance partner.

Ans. To manage, and ensure that the project comes to fruition.

Q. Why have they allowed Schlumberger to be an alliance partner.

Ans. To again give them the best guarantee possible chance of success.

Q. Why are they doing their utmost to keep themselves 100% solely owned.

Ans. Because it will be very easy to sell, as they have no Farm In Partners.

Q. Why have they pushed to fast track everything now, to get everything into production stage asap, ie contracting the Rowan Norway for the FSP, also arranging all of their finances so that they have everything in place before they complete this Flow test.

Ans. They already have done some on rig flow testing of some form, from both the Vertical and Horizontal wells, and have confidence.

A simple answer for all of the above questions, IMHO, is that they are setting themselves up to be taken over and putting themselves in a position where the big boys would have to compete for what could be a major oil field in the ever depleting reserves of the North Sea.

With Heavy Oil being the next big play, it makes sense that they will want to be involved, it is standard practice nowadays for the big boys to help out and then buy out the little fish, it saves them fortunes in wasted exploration costs, and I'm sure the BOD are well aware of this, hence their alliances

That has always been my underlying reason for staying totally committed with XEL. I personally do not think they will ever get to the FSP stage - they will be taken over before, for all we know they could be in talks or have been approached already. IMHO

I haven't gone into detail about this before, but when you think about the evidence above, it seems very obvious to me. A take-over would be the biggest pay day any of us could ever dream of here, and it could also come much sooner than we thought. Dependant on the reservoir size etc, I would be thinking in the mid teens ££££.

As always DYOR etc
"

Cactus_Jack

Must say I am watching this thread with interest but I didn't invest because I'm completely new to the world of investing and I'm finding it quite hard to pick things up.

Will be interesting to see if I've lost out or not.

Good luck to those who are in.

uptomyeyeballs

See this morning's RNS. Basically it's saying 'if you want to buy us, you'll have to pay full whack'.

blinko

Cactus_Jack wrote: »

Must say I am watching this thread with interest but I didn't invest because I'm completely new to the world of investing and I'm finding it quite hard to pick things up.

Will be interesting to see if I've lost out or not.

Good luck to those who are in.

if ure new i would recommend starting on unit trusts, they are alot less volatile and easier to use,

alternatively you can start with shares but you dont really want to lose to learn

Nix1982

uptomyeyeballs wrote: »

See this morning's RNS. Basically it's saying 'if you want to buy us, you'll have to pay full whack'.

Must of confident of sucess

:beer:

uptomyeyeballs

For those interested in Desire Petroleum, it's taking a hammering this afternoon. Down nearly 25% @ 1340 GMT and still in freefall.

chris_m

uptomyeyeballs wrote: »

For those interested in Desire Petroleum, it's taking a hammering this afternoon. Down nearly 25% @ 1340 GMT and still in freefall.

Crikey, glad I jumped this morning rather then holding on to see if the sudden jump yesterday would continue.