.

I'm waiting for XEL to move downwards then I'll get back in.

disappointed xel didn't break through 4 and hold, as H above says drifting back a bit.

this share had all the good signs ,directors buying etc as i had pointed out and i wanted to buy months back ,i got tips from some of you where to buy made profit on this one thanks to all ,today HSBC ONLINE TRADING STILL WILL NOT deal with this share .
so i guess this all also contributes to the price keeps a few buyers out of the market .

Patience is a virtue Mr BB. Albeit the sell off to 220p was somewhat false, the SP has added 170p in not much more than a week. Once the CPR is updated, contingent resources are logged as reserves, the jack up rig contract signed and future funding announced we'll see a steady rise in the Mkt Cap. At this time of year volumes are always thin and I'd be surprised too see much activity until the new year. I imagine the Board think they deserve something of a break!

You will have a long wait hyleo.

I am waiting for it to move upwards with the new CPR and rig signing in January :)

I added more at 380.
It doesn't want to fall below (yet)

You can sell over 1m of stock if you want to at just over 379p, so someone has placed a big buy order in there to suck up the loose PI sellers.

Got to get rid of the weak willed PI's before a proper rerating can occur in January with the new CPR and rig signing and new broker notes.

Thought this would be up with the amount of buys compared to the sells, its been a steady prolonged buying spree for a good while and the price just sits there.

Level 2 3v1

Sitting at 380 then a jump to 387

'weak willed PIs'

why do you have to be so disparaging about fellow investors? Everyone has their own targets and are no doubt happy when met.

I guess you have a 'thing' about peeps selling stocks you've bought. It's not as if you're holding the moral highground here with all the rubbish you pumped and dumped as Papal Power!

What a truly insignificant pleb you are

No need to be a b*tch about it ptholden

DD5, I would advise using the squelch feature !

I have that idiot squelched for some time now, I presume its yet more abusive nonsense directed at someone ?

My squelch list removes these "waste of space" posters and their posts go totally invisible, far better.

Even better if people do not comment on their posts, as they are hidden to me !! :)


My squelch list now has :

Users you currently have squelched
hilary
Master RSI
zscrooge
Balerboy
ptholden
ravey davy gravy
cielo
Master RSI

squelched. Thanks for the info

markymar, yes, there are large buy orders in the background sucking up the sells. This is quite normal and they will likely just suck up sells all the way to the end of December.

When it opens in January is where the big buyers will go from passive buying of sells to aggressive buying and bidding IMO, and that is when you will see the share price move up in leaps and bounds.

Pro, best get your alter ego to apply the squelch button, grannyboy will feel left out!

DD5, your loss not mine. If you think papal power is a worthy ally youre probably as obnoxious as he in real life.

Have a nice Xmas, I won't be spending any time worrying about your application of the squelch feature, kiss, kiss

i have mentally squelched mitzy's garbage, and that suffices ..... to squelch physically always strikes me as a defeat of the squelcher rather than his target

got back safe and sound cyners......but one idiot managed to plant his car on top of a crash barrier and hold us all up on the way home...lol nice chat, and lunch.,.

Finished nice and strong in Candada, at around 3.84


Broker upgrade as well, C$10.49 = 6.72 :


"Octagon raises price target to C$10.49
By Bloomberg Data

Dec. 21 (Bloomberg) -- Xcite Energy Ltd (XEL CN) was raised to "Buy" from "Hold" at Octagon Capital by equity analyst Alan Grant. The 12-month target price is C$10.49 per share."

An extract of Tipping Tom's recent OB presentation.

The outlook for oil, as said by Goldman Sachs and others, well TT is in agreement too. Mid-East problems ? Interesting, certainly I have no exposure to anything in the Middle East, but anyone who has could suffer big time if things heat up, while oilers focussed on other area's might surge, those with their hand in the ME might be going down fast.

As the Chinese say, "May you live in interesting times" - and anyone with lots of exposure to black gold has been and still is having very interesting times !! :)

http://www.mediafire.com/?r6bu3l17crtndul

.

The pilot section confirmed 113ft oil column, some 40ft thicker than the 73ft prognosis, in a high quality Dornoch reservoir and confirmed the oil water contact at 3729ft total vertical depth (on prognosis). The oil column has 100% net to gross (compared to previous average of 88%). Management believes that this height of oil column confirms that an upside structure is present in the eastern half of the reservoir, significantly increasing the volume of oil in place.

We also know the reservoir quality is above "upper expectations".

So if we take high case 166 million barrels and add on Prospect A (East) at 72 million barrels we get now 238 million barrels.

However, that is on prognosis, we now know there is 50% upside from reservoir thickness and 10% upside on gross to net pay.

So 166 x 1.6 = 265 MMBO from Bentley main and 72 x 1.6 = 115 MMBO from Bentley East.


I would guess that we are looking potentially at therefore 350 million barrels or more from Bentley based on all the new information that is available.

Put 350 million into your calculations of potential value and the results are quite staggering with crude oil now at 90 US$ a barrel, and taking into account the tax incentives from the UK government given for those who choose to develop heavy oil.

Even if RPS take their normal conservative view, it should now come up with over 250 million barrels IMO.

January and February are going to be Xciting months.

FFS stop ramping and ramping and ramping with nothing to support same other than (im)pure hypothesis