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


http://www.xcite-energy.com/

2012 in Review and the way ahead Robert Cole Video

From Energy & Resources and UK - 7 Mar 2013 08:10 UTC

Xcite Energy could find partner for heavy oil project

Xcite Energy could be close to finding a joint venture partner, according to an analyst at Dundee Capital Markets. Quinn Sievewright, the analyst at Dundee Capital Markets, said in a research…

http://www.acquisitionsdaily.com/2013/03/07/xcite-energy-could-find-partner-for-heavy-oil-project/

lol
I have been a fully paid up member since MAM started

Your persistent abuse of chat and nothing about XEL

put manners at you anruly (wife) and children ( mob here )

MJ (aka MRSI aka menorca1) ..... if you don't quickly mend your manners and desist from your persistent stream of personal abuse aimed at me or anyone else, i am more than happy to be the voice of many if not most on here, and get you thrown out yet again

   LUNCH TIME FUN

re - All the newcomers

sooner or later you catch them with the trousers down and wearing ( inside out ) knikers.

I suppose to be squelch and is answering my post ....... I have been a fully paid up member since MAM started

and we have no seen a post of such a nickname since ............... naturally you have to be registered to post

An talking about the share price no one does

Nicely on the UP, ( taking off as I said earlier ) though some others would like it too

I nice ladder shape on the intraday chart

try keeping it that way then! ..... then all (most) will be more than happy to read your pearls of wisdom

Need more volume

Talk of raising cash soon seems to be the problem.

Having a spike this afternoon now 114.75p +3.25p after reaching earlier 115.75p

Worth noticing on the weeky char that it has been doing higher lows

That was yesterday's direction being at the bottom of parrallel lines, so the chance of spike like it happened seven days ago

an interesting pattern, but sp still stubbornly resists heading properly north - patience my boy, patience

AGM in bloody Paris,.......

BUT NO BLOOD ON THE SHARE PRICE 117.50p

Is following yesterday's steps and looking for 132p very soon at this rate

Plenty of volume today also more buys than sells and heading in right direction

I feel a spike in share price on its way

marky

re - I feel a spike in share price on its way

you forgot to say spike on the way down

Anyway is on the way up once again, after the retracement to 116.50p now looking for 119p and at this rate we could be looking for the high of the spike before 10am

would be good to see