Xcite energy forced to address stock surge news for the oil. Xcite energy put into liquidation as creditors seek cash. Oil and gas in london law firm and lawyer rankings from. The software award goes to online video search engine blinkx plc lon. Xcite energy was forced to issue a statement today after its stock shotup after a steady month of decline. Click here for the motley fool uks resources on coronavirus and the market. Xcite energy has has appointed liquidators in a bid to seek a fast sale, it was today confirmed. Xcite events services london, surrey quays road 359 followers we create, build and deliver marketleading retail events. Agrs well construction planning software, p1, has been selected by xcite energy to support development of the bentley field, one of the largest fields in the ukcs. Shares in xcite energy were suspended last month after companys senior bond holders rejected an offer of 98. Xcite energy share price history historical data for xel. Xcite energy, a north sea focused oil company, has been put into liquidation after having been deemed insolvent, as it failed to raise funds for debt payment. Xcite energy to follow gulf keystone with punishing debt for. Xcite energy said, following the announcement of the suspension of its shares on aim, liberum capital ltd is resigning as nominated adviser and broker with immediate effect.
It is the perfect tool to select and get airtoair energy recovery performances on all our products. Experience the difference healthy exciting products for more energy can do for you. Xcite selects agr planning software for bentley oilfield. Its registered office is in the british virgin islands. Further detail is provided below on the steps taken. Enquest and 20 kilometres 12 mi northnortheast of the bruce field operator. Xcite energy resources plc xer is an independent oil company, which is focused on the development of heavy oil resources in the uk north sea. Nov 10, 2014 agrs well construction planning software, p1, has been selected by xcite energy to support development of the bentley field, one of the largest fields in the ukcs. Xcite announces bentley field appraisal results offshore. He then joined xcite energy resources plc as a board director developing new methods to exploit heavy oil in the north sea. Meters the ability to measure energy and utility usage. Gspl originally deployed pipelinestudio back in 2004. Oilsheet companies ttoz involved in oil, natural gas, petroleum, energy. The previous lighting system gave a poor light output and low energy efficiency.
All 3 are the same basic part with a different shell an badge. Alignment can be a differentiator to set you apart from the competition. Ace platform one step closer to installation on xcites. He then joined xcite energy resources plc as a board director developing.
Xel stock quote, history, news and other vital information to help you with your stock trading and investing. Wh ireland analyst brendan long, in an interview with proactive investors, says xcite has a. Xcite energy limited is a heavy oil appraisal and development company, with current interests in three. 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 which are held with 100% working interests through. Xcite energy limited incorporated under the bvi business companies act, 2004 with corporate number 76877 offering of up to 18,750,000 ordinary shares at.
Xcite selects agr planning software for north sea bentley. Xcite energy limited bentley licence extension and. I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. Agr says that p1 software will play a key role in xcites strategic planning for the field, allowing the oil company to maximise the performance of well construction. Xcite energy appoints liquidators, seeks quick sale news. Xcite energy ltd company profile and news bloomberg markets. Aberdeen, uk xcite energy has announced the results of the 93b5 appraisal well on the bentley field the well was drilled to 4105 ft 1224 m td and encountered heavy oil bearing palaeocene upper dornoch formation sands. Both are smart relays, they dont quite make it into the plc category.
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. Browse companies barrons financial investment news. Subsequent to the trading suspension, xcite issued another statement outlining a proposed deal with bondholders, to exchange 100 per cent of the value of the outstanding bonds for a 98. Represented the bondholders of first oil and xcite energy north sea oil companies in relation to the tax implications of financial restructurings. The new lighting design utilises the three output sizes of the xcite hi bay range. Innergy tech winnergy pro is our third generation selection software.
Xcite energy limited announced that andrew fairclough has been appointed chief financial officer and a director of the company. Xcite energy has selected agrs well construction planning software, p1, to support development of the bentley field, one of the largest fields in the uk continental shelf. The following tables summarise the financial performance of the company and its wholly owned subsidiary, xcite energy resources plc, in the 3 and 6 month periods ended 30 june 2015 and, following a change in presentation currency from 1 january 2015, the restated us dollar comparatives for the 3 and 6 month periods ended 30 june 2014 and the. Ian morton of fti consulting and chad griffin of fti consulting have been appointed joint liquidators. Xcite energy ltd rns xcite energy to present at the world heavy oil conference 2012. Company profile page for xcite energy ltd including stock price, company news, press releases, executives, board members, and contact information. Pantheon resources plc is an oil and gas exploration and development company listed on londons aim market with assets in texas, usa targeting the eagle ford sandstone and austin chalk formations. A 600870 china xshg audiovideo equipment xiamen port development co. Xcite energy limited is a cautionary tale for a new wave. Due to commercial sensitivity we cannot provide full details on these offers, the terms and proposed transaction structures of which varied. The wireless sensors deliver significant benefits in terms of ease of installation and cost, and equally importantly provides flexibility and convenience in areas that are regularly reconfigured. The financial statements included in this form 10q are presented in united states u. And im trying to improve my investment management skills which.
If youre aiming to get your finances on track and youre in or near retirement, then heres your chance to claim a free copy of an exceptional. Date set for xcite energy liquidation hearing business insider. A cautionary tale of above ground issues in the oil business. See the complete profile on linkedin and discover andrews connections and jobs at similar companies. Shares in xcite energy suspended as bondholders move to.
Oct 25, 2016 shares in xcite energy had fallen 23 per cent before trading was suspended on tuesday. Pantheon resources plc usa oil and gas exploration. Our free stockmarket game trade your virtual portfolio in real time talk strategies in group discussions find or create a game that suits you. Xcite energy has selected agrs well construction planning software to support development of the bentley field. Innergys software, education, and tools enable your team to have the same measurable goals. This licence extension is expected to assist xcite energy resources plcs xer, the companys wholly owned subsidiary current process to secure the financing required for the approval of its bentley field development plan and to repay its outstanding senior secured bonds, which are. Something for xcite energy to think about by steve brown sunday 24 may 2015 disclosure. May 20, 20 xcite energy has entered into a nonexclusive, confidential, binding sale and purchase agreement for certain technical data in respect of the bentley 903b6, 6z well, and the recently concluded 903b7 and 7z extended preproduction well test. Nov 23, 2016 xcite energy announced the court action update at 4pm on tuesday. 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. Whalsay energy limited overview free company information.
To help us enhance our service, we would like your views on. The firm has spent recent weeks seeking out partners to help fund its north sea bentley. Dec 14, 2016 process for the sale of the shares the shares xel holds in xcite energy resources plc xer. This licence extension is expected to assist xcite energy resources plcs xer, the companys wholly owned subsidiary current process to secure the financing required for the approval of its bentley field development plan and to repay its outstanding senior secured bonds, which are due for repayment by 30 june 2016. Xcite selects agr planning software for north sea bentley field. Corporate affairs director xcite energy resources plc.
Here are the instructions how to enable javascript in your web browser. His focus has moved over time from engineering and software development to the. Arup is working with xcite energy resources plc, amec group ltd. Explorers, refiners, marketers and distributors of fossil fuels, uranium and renewable energy, manuf manufacturers of renewable energy equipment, as well as service providers, and producers and distrib xcite energy over xcited. Shares in xcite energy had fallen 23 per cent before trading was suspended on tuesday. Andrew fairclough joined xcite energy resources limited in august 2012 as corporate affairs director. Please select your location and preferred language europe, middle east and africa emea denmark danmark. Xcite energy selects cosl rig for bentley field uk. When every team member has the same objective, your business can go further faster. Advised the mezzanine lenders in the debt restructuring of northgate information solutions, a privately owned, u. Software plc provides a range of software and it services that enable organisations to retain control, improve visibility and gain efficiencies through streamlined processes. Andrew fairclough joined xcite energy resources limited in august 2012 as corporate affairs director for the xcite energy group, following 17 years experience in investment banking and corporate finance, including a close working relationship with xcite energy for nearly five years. Edison investment research is committed to delivering the highestquality research and online experience.
Blnx, which was the clear winner, and 29th overall, with a 400% share gain that began in midmay when the company reported. For full functionality of this site it is necessary to enable javascript. Free forex prices, toplists, indices and lots more. Chat about xel shares stock quote, charts, trade history, share chat, financial terms glossary. Whalsay energy limited free company information from companies house including registered office address, filing history, accounts, annual return, officers, charges, business activity. The bond holders and the proposed liquidator had confirmed xcite energy resources plc xer and its assets were not expected to be the subject of enforcement action and xer was expected to remain a going concern throughout this process. Xcite energy was created as xcite energy resources limited. He then joined xcite energy resources plc as a board director developing new methods to. The report contains a detailed swot analysis, information on the companys key employees, key competitors and major products and services. 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. However they are cheap use the same basic functions and the software is free. Bentley systems, incorporated, the leading company dedicated to providing comprehensive software solutions for sustaining infrastructure, recently released the latest version of its sacs software for the analysis and design of new and existing fixed offshore oil. Paypoint plc announced that warren tucker, the former chief.
Xcite energy ltd xctgf interactive stock chart analysis view dynamic stock charting for xcite energy ltd. Agrs well construction planning software, p1, has been selected by xcite energy to support development of the bentley field, located in the north sea. It operates through a wholly owned subsidiary company xcite energy resources plc. Xcite energy limited is a cautionary tale for a new wave of. Whalsay energy ltd company profile and news bloomberg. Xcite energy plc ready to follow gulf keystone petroleum. The bentley oil field is a heavy oil field located on the east shetland platform in the uk northern north sea, 8 kilometres 5. She is a former nonexecutive director of wolseley plc. Energy solutions international esi, a global supplier of pipeline management software for the oil and gas industry, announced that gujarat state petronet limited gspl has decided to expand their deployment of pipelinestudio. Xcite energy was an oil company based in the united kingdom. Remotely operated vehicles rov in the energy industry. Agrs software for xcites bentley subsea world news. Discussing the economics of a field where xcite has failed patently to get the farm in partner needed to take it to production is like hitler.
Is xcite energy ready to walk a path last trodden by gulf keystone petroleum with a debt for equity swap that will dilute existing investors out of sight well, based on the latest update from. He headed up the north american consultancy division of ihs energy and subsequently returned to the uk to run the strategy practice, business development and then worldwide consulting operations. Nov 10, 2014 xcite energy has selected agrs well construction planning software to support development of the bentley field. The joint liquidators, in their capacity as the nominated liquidators supported and validated this marketing process. Bentley systems latest sacs software for offshore structures design. Agrs software for bentley field development offshore.
View andrew faircloughs profile on linkedin, the worlds largest professional community. How the remotely operated vehicles rov in the energy industry 20142024 report can benefit you visiongains report is for anyone requiring analysis of the market for rovs in the energy industry. P1 software will play a key role in xcites strategic planning for the field, allowing the oil company to maximise the performance of well construction. Its corporate office is located in guildford, surrey and its operations office is located in aberdeen, scotland. Xact bear 2 etf xactbear2 sweden xsto exchangetraded funds xact bear etf xactbear sweden xsto exchangetraded funds xact bull 2 etf xactbull2 sweden xsto exchangetraded funds xact bull etf. Company profile page for whalsay energy ltd including stock price, company news, press releases, executives, board members, and contact information. Date set for xcite energy liquidation hearing business. Xcite energy announces that its 100% subsidiary, xcite energy resources plc, has entered into a memorandum of understanding with baker hughes limited. Xcite energy ltd company profile and news bloomberg. 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. Recently a gspl led consortium has been awarded a contract from petroleum and natural gas regulatory board. Whalsay energy ltd company profile and news bloomberg markets.
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