Find and compare the top oil and gas software on capterra. Will rising oil make stars of xcite energy limited lon. Sale of xcite energy dragging on news for the oil and. A very interesting rns for xcite energy shareholders this morning. Xcite energy presenting at oil barrel conference advfn. Im an active private investor specialising in the oil and gas sector. Xcite energy plcs debtforequity restructuring is at risk of failing as it is understood that large numbers of retail investors plan to reject the deal the north sea oil field developer. Practical guide to air quality compliance for oil and gas industry. Xcite energy has has appointed liquidators in a bid to seek a fast sale, it was today confirmed. Xcite energy was created as xcite energy resources limited in 2002 with the goal of developing the bentley heavy oil field which had been discovered some 25 years earlier by amoco. An ebook reader can be a software application for use on a computer such as. Xcite energy announces its results for the year ended 31 december 2015.
That experience taught me that it was foolhardy to invest in industriescompanies you dont understand properly and that many. Xcite in 2012 completed preproduction phase, producing 147,000 barrels of bentley crude oil in the process. Forum energy buys team oil tools wholesale completion. Xcite energy limited xel second price monitoring extn.
Xel the most likely aggregate contingent and prospective resources now stand at 160 million barrels of oil using conventional recovery techniques, giving a npv10 of circa us. See appendix for presentation of oil and gas information and nongaap measures. Xcite energy says bentley oil sold for better than. The companys main asset is the bentley heavy oil field in the north sea, although it also has a number of smaller assets included in license p. Saving one barrel of oil per ton sobot american iron and steel.
It meant new fields, new assets, new partners, new metering, new buyers and new agreements. Conceptual representation of various breakthrough production routes. Xcite energy outlines the bentley north sea oil field as a. Xcite is one of the few instances where the enterprise value of the. As its name suggests, xcite is an oil development company with assets based in the north sea. Over 3 million barrels per day are measured and optimized with validere software, yielding significant cost savings and revenue enhancements for midstream and. Xcite energy announces collaboration with statoil and shell. It became a subsidiary of a new british virgin islands corporation, xcite energy limited, in 2007 and was subsequently listed on the aim and tsx stock exchanges. Xsite energy services is an oilfield and industrial based company serving central alberta and northern british columbia. According to the companys updates released over the past years, the plan for the development of the bentley field should include a selfelevating ace production platform, a bridgelinked floating, storage and offloading fso unit.
Xcite energy limited xcite energy or the company xcite energy presenting at oil barrel conference. Initially, this is centred around the bentley field in block. If value is 0, it means the company did not have earnings to cover the interest expense for that period. Xcite energys bentley field in the north sea is its core asset. Jeanpierre dmirdjian, an analyst from liberum, gives some background to xcite, the refined bentley development plan and his thoughts around the valuation of the company. Integrated approaches are being used to accelerate project development, and minimize the risk of conducting expensive investigation before potential is determined.
Xcite energy is 100% owner and operator of block 93b, licence p. For interest coverage, if value is 10,000, it means the company has no debt for that period. Producing formations, dornoch formation late paleocene. Results for the year ended 31 december 2015 the latest oil and gas news, dedicated to all things oil and gas.
Free forex prices, toplists, indices and lots more. Whalsay energy limited in gb key information duedil. Shizandra is a small red berry that is native to china. Crews, vp of northeast development at markwest energy partners. You have less energy with each passing day as oil declines initially at 4. Founder, chairman of the board and ceo tom is a naturalborn leader whose vision reaches as far as his expertise. Known in the oil and gas industry as a mentor and innovator, he has been at the forefront of advancing improvements in rig design, natural gas gensets, energy storage, engineering internship programs, and health and safety standards. Xsite energy services ltd opening hours 5245 1 ave. Vog was the sectors biggest riser in late trading after announcing that gaz du cameroun, the companys cameroon gas producing and distributing subsidiary, had spudded development wells. Xcite energy limited xel statement re refiling of articles of association.
Through xer, its whollyowned uk subsidiary, the company has a 100 percent working interest in block 93b containing the bentley oil field, block 93c and block 93d, 94a, 98b and 99h situated in the north sea. The block, which was awarded to xer in 2003 as part of the 21st uk offshore licensing round, is located 160 km east of the shetland isles in 1 m of water. Ian morton of fti consulting and chad griffin of fti consulting have been appointed joint liquidators. If value is 9,999, it means interest coverage is not calculable for that period. Demand is going to have to fall faster than the decline rate of oil for you to have any energy for growth. It was rare to find a system that didnt need to be changed at least once a year, and often several times a year, and that required a. Xcite energy limited is a heavy oil appraisal and development company, with current interests in three licence blocks in the uk north sea, all of. Xcite energy said that following talks with the oil and gas authority oga, the secretary of state for the department of energy and climate. Why value per barrel is such a lousy metric oil price. Xite energy limited free company information from companies house including registered office address, filing history, accounts, annual return, officers, charges, business activity. Petroleum dispatch and billing software creative energies.
The bentley oil field is a heavy oil field located on the east shetland platform in the uk. Whalsay energy seeking operating partner for bentley oil field. Past event presentations independent oil and gas association. Xcite energy appoints liquidators, seeks quick sale news. Xcite energy limited xel statement re result of bondholder meeting. The sooner an organization can anticipate and resolve a potential problem or error, the less it will ultimately cost. We acquired this field through the promote licence round in 2003, explains charles lucas clements, director of strategy and business development. Xcite energy increases most likely oil in place at bentley. Xcite energy has been running investigative tests on its 100% operational holding of block 93b of the north sea based bentley heavy oil field, with conclusion of a successful test drilling programme phase 1a in september 2012 meeting a targeted 149,000 barrels of. Xcite energy is a heavy oil development company currently focused on the development of discovered resources in the north sea. Harraz presentation crude oil price formation hassan z. Xer have proved to possess the technology, which other oil companies may not have, required to extract the heavy oil successfully. Gran tierra is focused on growing value, not just growing barrels.
Xel xcite energy ltd looking for abbreviations of xel. Challenge energy, petrofac, exile resources, setanta energy and now the. Xcite energy limited xel price monitoring extension. Xel xcite has confirmed that it has now sold 5,000 barrels of oil, with the help of bp, to a major refining participant in the european market. It operates through its fully owned subsidiary xcite energy. Latest company news for xcite energy stock market wire.
One barrel of oil per ton, or sobot, research program. Experience the difference healthy exciting products for more energy can do for you. Gran tierras 2019 capital program including the changes thereto along with the. Xcite looking to cut price for bentley development. Effectively mitigate risk with intelexs fmea software. Filter by popular features, pricing options, number of users and more. Quickly browse through hundreds of options and narrow down your top choices with our free, interactive tool. The secret to our erotic energizer is a centuries old asian supplement called shizandra. I decided to focus on this area after having a disastrous experience 10 years ago when i naively delegated investment to a professional who subsequently lost most of my life savings and my pension. Rupert cole confirms that the bentley north sea oil field has 3 value creation points with major announcements due in late october or early november. Value per barrel of oil is a poor metric, almost hopeless for comparing deals.
Presentation by scott potter on rbn shale revolution update. Xite energy limited overview free company information. Effective 31 december 2012, upgrade in 1p, 2p and 3p oil reserves for the bentley field to 198 mmstb, 250 mmstb and 312 mmstb, respectively, based on. Xcite energy competitors, revenue and employees owler. During his opening keynote presentation at biomass 2011, secretary. Over the summer, the energy departments biomass program hosted its. Xcite energy resources limited company news rigzone. While almost 40% of a barrel of oil is used to produce gasoline, the rest is.
Xcite in 2012 completed the preproduction phase, producing 147,000 barrels of bentley crude oil in the process. Energy companies, challenged to meet global demand for oil and renewable resources, have expanded their exploration to deeper, more remote and complex environments. What is the future demand and supply story, and what if anything can dent our bullishness. This ingredient heightens your senses and sets xcite apart from any other beverage on the market. With over 25 years of integrated knowledge and enhancements, it remains an. Xcite energy selects cosl rig for bentley field uk. Xcite energy is an oil company based in the united kingdom. In october 2012 after 60 days, xcite energy announced the successful. Get excited about energy with xcite energy ltd trade. The hows and whys of replacing the whole barrel department of.
Established in 2003, xcite energy limited, through its wholly owned subsidiary xcite energy resources limited xer, is focused upon the appraisal and development of heavy oil resources in this region. Xcite energy signs collaboration agreement with statoil. In 2010, flow tests on the bentley oil field established a flow rate of 2,900 barrels of oil per day causing xcite energy shares to sky rocket. Xcite energy has entered into a memorandum of understanding mou with china oilfield services limited cosl, which sets out the principles for the provision of a newbuild keppel fels n class plus, harsh environment jackup drilling rig, together with equipment and personnel for the bentley field, in the north sea, offshore uk.
373 101 457 470 843 857 747 1392 291 734 423 214 1210 423 571 1221 1216 285 39 964 417 195 987 1442 1133 1180 467 1399 821 1454 920 187 550 1117 1436 1159 502