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XCITE ENERGY LIMITED (XEL)     

markymar - 26 Nov 2012 19:50

Xcite Energy Limited (XEL) is a heavy oil appraisal and development company, with current interests in three licence blocks in the UK North Sea, all of which are held with 100% working interests through its wholly-owned UK subsidiary, Xcite Energy Resources Limited (XER).

Its primary focus is in bringing the Bentley oil field on Block 9/3b into production and in doing so becoming a significant independent oil producer in the North Sea by 2014.

Business Strategy

Bring the Bentley field into commercial production

Grow its reserves base from the existing 116 million barrels of oil equivalent
(“MMboe”) of 2P reserves through the conversion of its prospective resources base

Grow its resources base further through drilling activity on Blocks 9/3c and 9/3d

Employ enhanced oil recovery processes (“EOR”) to further increase its resource base

Increase its asset portfolio through license rounds and asset transactions whilst utilising its heavy-oil expertise to leverage opportunities


Chart.aspx?Provider=EODIntra&Code=XEL&Sihttp://www.xcite-energy.com/

2012 in Review and the way ahead Robert Cole Video

Flag Counter

cynic - 20 Mar 2014 17:52 - 294 of 391

it's about as tasty as a spoonful of the jollop they've found

cynic - 27 Mar 2014 08:10 - 295 of 391

this company is smelling like week-old fish
it has failed to perform for far too long, delivering just empty promises

gildph - 27 Mar 2014 08:24 - 296 of 391

anyone else's patience running out? Many still in this and hoping to someday get the seemingly great potential value?

HARRYCAT - 27 Mar 2014 08:29 - 297 of 391

Salvation might come in the form of an offer/JV from Tom Cross of Parkmead. If XEL's assets are worth anything, he's probably the man to have an eye for a bargain.

required field - 27 Mar 2014 08:43 - 298 of 391

Can't believe the way the sp has dropped....I've noticed that XEL, PVR, and RKH are having trouble bringing into production great reserves in the ground...

required field - 27 Mar 2014 08:49 - 299 of 391

So...are we having a great farmin'...or a great farmout ?.......to put in the way Smashie and Nicie might put it !...

required field - 27 Mar 2014 09:15 - 300 of 391

Week old fish is how I like to describe my portfolio......can't seem to get anything right any longer...

cynic - 27 Mar 2014 10:00 - 301 of 391

i know the feeling well .... thought it was just me being out of form
as for PMG, they're not so hot either!

markymar - 27 Mar 2014 13:52 - 302 of 391

The worst share I have ever bought.

Balerboy - 27 Mar 2014 15:12 - 303 of 391

Hey marky.....still down that mine?? this is going like rockhopper......down hill fast.,.

markymar - 01 Apr 2014 00:54 - 304 of 391

Been buying RKH

Balerboy - 01 Apr 2014 19:14 - 305 of 391

i bought some more here as it seemed to have bottomed out, nicely in profit and reckon this will climb back to 90p.,.

Balerboy - 02 Apr 2014 09:10 - 306 of 391

next floor haberdashery....... going up.,.

dreamcatcher - 02 Apr 2014 19:56 - 307 of 391

He was right.


dreamcatcher - 27 Apr 2013 18:02 - 143 of 306

Malcolm Graham-Wood, analyst at VSA Capital, advises investors to buy when the shares hit 80p for a “very substantial long-term upside”.



markymar - 29 Apr 2013 08:01 - 144 of 306

Some of these analyst talk rubbish

there shouting BUY £2.60 target price and now this clown is talking 80p

Balerboy - 02 Apr 2014 19:59 - 308 of 391

just a minor dip, back up tomorrow.,.

dreamcatcher - 02 Apr 2014 20:00 - 309 of 391

Mine are sitting at £1.50 :-((

Balerboy - 02 Apr 2014 20:04 - 310 of 391

same for me, but will trade last little batch i bought.,.

dreamcatcher - 02 Apr 2014 20:11 - 311 of 391

Not averaging down. Just wonder why Statoil are holding off ?

dreamcatcher - 02 Apr 2014 20:12 - 312 of 391

Well done on the rise Bb.

kevkan - 03 Apr 2014 00:19 - 313 of 391

Found by Chappi
Are we starting to move

SPD currently have a requirement for a Wells Project Manager to lead its Wells Team in supporting Xcite Energy in delivering its prestigious Bentley Development.

This role will be based in Xcite’s office leading the SPD team delivering all Well Engineering aspects of this very large, complex, multi, well offshore development. You will be a highly experienced individual capable of leading and integrating the wells project team and have at least 5 years’ experience in the role of Wells Team lead / Drilling manager as well as significant prior experience in well design, planning and operational execution.

You will have a strong track record in successfully managing multi-disciplinary teams in delivering offshore developments ideally in the UKCS, from the concept through to execution and review. A key requirement is your ability to maintain excellent working relationships with client personnel, vendor personnel and with the wider SPD support groups while delivering this complex wells project.

http://www.spdltd.com/vac/713/wells-project-manager/

P.S Notice the "part of the Petrofac Group" in the bottom right corner:)
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