A full investigation is required here - looking specifically at: Bond Issue, Churning of Shares, Un-Authorized changes in Articles of Association. The current position is not in the interests of UK Gas and Oil and the Investment principles and criteria set out by the BOD (in particular the current offer bares no resemblance the independently audited asset price).
P
Peter Richardson
9 years ago
Featured
Invested on the basis of the asset which is excellent. We have been let down badly by a board of directors who procrastinated and should have sold the asset after discovery. This company never was and never should have tried to develop the field. Leave that to the oil majors.
Y
Yves Cloutier
9 years ago
I hold over 200000 shares of xcite.
M
Mike Hampton
9 years ago
Featured
Had these since 2010 & built up my holding every year based on Board RNS's, Board comments at AGM's & conferences and my own research. This outcome was never one I ever imagined based specifically on Board communications. As instructed, I listened to them, and them only. Massive mistake & feel totally cheated.
E
Elizabeth Genrey
9 years ago
Cancel the licence
L
Leslie Moore
9 years ago
Greedy and criminal! $145m bond holders wanting 98.5% of a $2b asset!
This needs investigating as to why and how it got to this!
W
William Thomson
9 years ago
Big fat NO
G
Geoff Taylor
9 years ago
I stuck with it for 6 years, believing the fraudulent lies spouted by the board and also believing I was doing my bit not just for MY bank balance but also supporting/investing in the U.K. Shameful and very sad!
D
David Davidson
9 years ago
Please sort this mess out I'm loosing all my money
A
Anonymous
9 years ago
BOD have failed in their duties to protect shareholder value and to keep shareholder informed throughout the debacle.
N
Nigel Esdaile
9 years ago
voting against BoD proposals
A
Alan Okell
9 years ago
Thousands lost for believing the words of a corrupt BoD, independant due diligence from the OGA owning an oil field of strategic importance to the UK. Not sure who I am most disappointed in - me, the BoD, OGA or the UK govt for allowing this corruption and thievery to continue.
M
M A Ishaq
9 years ago
Investigate and Prosecute
L
Lee Dunbar
9 years ago
20 % and we'll talk
A
Alan Gray
9 years ago
A full investigation required.
N
New novice
9 years ago
Would rather Xcite went out of business than let them screw over LTH
M
macblade66
9 years ago
Xcite and Staoil should be ask to account to UK government for the underhanded behavior
T
Terry
9 years ago
There should be some investigation into this share
/the board/the bonds/dealing practices etc and others in AIM. There is the potential/possibility for everything from misguidance, malpractice, significant shareholders churning of shares etc. It's almost as if they have hidden behind the low oil price so they don't have to bring this project to fruition after milking significant salaries since board took positions.
Needs investigating by relevant authorities in finance
T
The Wills
9 years ago
The stock market is suppose to move money from the impatient to the patient, after 6 years of being patient that is a load of bull, wish I had been impatient in 2011!
R
R King
9 years ago
Listened to the BOD and trusted same , they always stated to
Is ten to them and only them. More fool me
A full investigation is required here - looking specifically at: Bond Issue, Churning of Shares, Un-Authorized changes in Articles of Association. The current position is not in the interests of UK Gas and Oil and the Investment principles and criteria set out by the BOD (in particular the current offer bares no resemblance the independently audited asset price).
Invested on the basis of the asset which is excellent. We have been let down badly by a board of directors who procrastinated and should have sold the asset after discovery. This company never was and never should have tried to develop the field. Leave that to the oil majors.
I hold over 200000 shares of xcite.
Had these since 2010 & built up my holding every year based on Board RNS's, Board comments at AGM's & conferences and my own research. This outcome was never one I ever imagined based specifically on Board communications. As instructed, I listened to them, and them only. Massive mistake & feel totally cheated.
Cancel the licence
Greedy and criminal! $145m bond holders wanting 98.5% of a $2b asset! This needs investigating as to why and how it got to this!
Big fat NO
I stuck with it for 6 years, believing the fraudulent lies spouted by the board and also believing I was doing my bit not just for MY bank balance but also supporting/investing in the U.K. Shameful and very sad!
Please sort this mess out I'm loosing all my money
BOD have failed in their duties to protect shareholder value and to keep shareholder informed throughout the debacle.
voting against BoD proposals
Thousands lost for believing the words of a corrupt BoD, independant due diligence from the OGA owning an oil field of strategic importance to the UK. Not sure who I am most disappointed in - me, the BoD, OGA or the UK govt for allowing this corruption and thievery to continue.
Investigate and Prosecute
20 % and we'll talk
A full investigation required.
Would rather Xcite went out of business than let them screw over LTH
Xcite and Staoil should be ask to account to UK government for the underhanded behavior
There should be some investigation into this share /the board/the bonds/dealing practices etc and others in AIM. There is the potential/possibility for everything from misguidance, malpractice, significant shareholders churning of shares etc. It's almost as if they have hidden behind the low oil price so they don't have to bring this project to fruition after milking significant salaries since board took positions. Needs investigating by relevant authorities in finance
The stock market is suppose to move money from the impatient to the patient, after 6 years of being patient that is a load of bull, wish I had been impatient in 2011!
Listened to the BOD and trusted same , they always stated to Is ten to them and only them. More fool me