.

Also thinking of buying back in if levels fall to 3.55 mark.

The confrence was due to finish at 130pm

ptholden

re - Who is who

I know for certain that - cynic is LIER

Just look below and is not the first time, after a share price drops ....... I sold yesterday, last few days, etc.

re -cynic - 13 Jan 2011 12:57 - 1185 of 1203
quite so ..... not huge volume and no rns ..... glad i sold quite a lot over the last few days


BAYLIS

The best truth of the day apart from the drop on the share price

BAYLIS - 12 Jan 2011 14:52 - 1169 of 1203
cynic, what is it about you? your not disagreeing with me, your spending your entire life going round BB's and posting BS about stocks you know nothing about. Your claim that EOG is a "spiv/squitty share/company" is baseless crap because you know sweet FA about EOG so cannot possibly make such a judgement on it.

I bet you belong to loads of clubs and each year you win a trophy off all of them, unfortunately "Bullshitter of the Year" don't count for much in my book. i'ld say that you were a total arsehole, but someone might then take a fancy to you! .

is that so ..... good job you're not in court then, for you would be shredded by the most incompetent of lawyers .... try posts 1164 (7/1) and 1173 (12/1)

an apology would be entertaining for all to read - abject, which is what it should be, would be expecting too much

CPR update late Feb hence why the price dropped maybe

thanks marky

12 Jan 2011 15:53 - 1173 of 1206
BB - primarily for your benefit ..... i was HUGELY and MORBIDLY OBESE here, so sold some at 386 (yesterday) and a few more at 389 and 390 (today) so am now just HUGELY o'weight!
Proof if needed. can see you got in before me cyners.,.

it is just sooooooo nice when these so-called super-researchers don't do something childishly simple before they start slagging one (me!) off

what odds on an apology of any kind?

btw, shame he can't spell either ..... i'm sure it was MRSI who used to spell "liar" as "lier" but i may be wrong and of course it could be coincidence

Well could flow at up to 3000-3500 bopd without trouble

Range now 120-250 bbls recoverable. 750 OIP estimate.

Rig will be signed no problem there its in hand

bit scary for 30 mins though wasn't it

Now we know the CPR wont be out till late Feb to early April i think we may have a bumpy ride but good news on the reserves could be a lot larger than first thought.

marky - is your post 1210 surmise or as given out at the presentation?

Given at presentation Cynic all second hand as was not there

Question. Why did you all sell recently.

We have put 7 hard years into that. If anyone has a problem with us derisking see me afterwards!

Rig agreement in final stages and will arrive October November and be pumping oil before end of year!!!!!!

There is no reason that the SP should not double or treble within this year and its a pretty safe bet as a lot of the risk has now gone me thinks.

simples! ..... i had a preposterous number (for me), and it was merely prudent to lock in some very good profits ..... as i posted, i am still remain very significantly o'weight here

now i wonder where on earth i saw that apology from baylis and tossa? ..... bloody mirage again!

A bit more info picked up

The OIP is 750m-1bn barrels.There's also more to look at it the south Jurassic section and Dornoch.

The flow rate of 2900 was restricted by having to use tote barrels rather than the hose. The likelihood is a flow rate of 3,000-3,500. I quote "We can achieve that, no problem".
The CPR is likely to show the cos at 90%.

The CPR update should show "Most likely recovery estimate" at 200m. This figure does not appear on the slide but was specifically stated by Lucas-Clements who described this as "conservative". He said that could increase by 50-100% (300m-400m).

He said that the chairman has only half jokingly referred to 500m overall of recoverable oil. It's obvious that the BoD consider there is much, much more to come.

I quote "We think there is room for the share price to double or treble and this should be achieved in the next 12-18 months as a fairly safe bet".

quite possible i dare say and if there looks to be a cheap day or two, i may pop a few more in the bag, though perhaps to trade

Bentley Field, Block 9/3b
North Sea Heavy Oil Development Update
January 2011

http://www.xcite-energy.com/docs/XEL%20General%20Jan11%20Oilbarrel%20v3%20FINAL.pdf

cant say with any true conviction though that the presentation has set the market alight as yet; that will prob occur tommorow as news permeates through the investing/ trading community. Delay in CPR will make the market skittish and unpredictable and present many a trading oppertunity ........../ mms will have a field day as always as they have at ANR which is a cracking stock yet had us all jumping through hoops ...