Trades and observations from a British contrarian stock investor

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Tuesday, February 1, 2011

Bit of Xcite fun whilst we wait for take off

In a dreary office in Banchory Business Centre (nr Aberdeen, Scotland), Jan 31st, raining hard, 2 degrees centigrade. Two cups of cold brown coffee and 3 day old croissants.

"Richard Smith (Chief  Exec Xcite Energy): So what do we do guys? Those folks at British American want that damn rig signed and they keep ringing me every day. I've put them off until the 11th with some bull about our lawyers not liking a clause.

Charles Lucas-Clements (Director of Strategy and Business Dev. Xcite Energy): Yeah, but the guys in London want to get £11 out of Stat and we can't  drop the Rowan Norway yet!

Richard: Just keep extending the rig talks until the city boys do the deal. I've bought the set of irons and we complete on the Spanish villa in March. I can't take another god damned week in Banchory!

Charles: I know, I know. If we have to take another trip on one of those helicopters to the rig again with my air sickness that'll be it for me !!

Richard: So you reckon we push up the takeover price to more like 15 quid if the CPR guy finishes?

Charles: Yep. He reckons it looking like 250 million reserves so at £11 they're buying us on the cheap.

Richard: Sod it, I've got my eye on that vintage Ferrari. Keep those idiots on the bulletin sweating another couple of weeks.

Charles: Agree. Let's feed them a few more lines. Wasn't it great when they were all following Betty Knutsen for the flow test and we weren't even using it. Ha! Ha! Ha!

Richard: Phone the PR company and tell them to post some crap on the bulletin boards. That'll keep 'em guessing! Saw some idiots are selling their shares!

Charles: Yep, I gave them a big hint at oil barrel but they didn't take the bait! What can you do!

Richard: Anyway, I'm busy sorting out the Caribbean trip for the whole of March once we do the big deal. Another wet weekend in Scotland...no, no!"

(no offence intended of course Xcite board of directors!)

2 comments:

  1. many a true word.......and all that

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  2. Priceless! Uncannily true I am sure!!

    I do hope you're not involved in the phone-tapping fiasco Mr Contrarian Investor... :)

    Fabulous blog.

    ReplyDelete