.

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 ...

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).

but we knew that in dec................lncidentally where is Proslenes - yet another of Cynners buddies -. Thought he would be around to offer this two pence worth. / and where did cielo suddenly appear from ? ....

EVERYONE'S MY FRIEND - unless they're bloody froggies!

I think pro has been using his other name today TopAnalyst

well everyones my friend unless they play golf and wear pink trousers !!......Beware of stray golf balls you little lslander

these Golfers in there cycling shorts....no taste whats so ever

DON'T let him buy you lunch tfc.,.

Idiot - why do you wish to portray yourself as a sad little liar all the time - grow up and grow some balls.

Petty little comments and lies do nothing apart from show you to be a complete liar.

If you want to check so much I do beg Ian or anyone else from Money AM to please check I use only one user name for posting on here (they have the ability to check).

Go on, ask them..... do not be shy !!!!!!!!!


markymar - 13 Jan 2011 16:10 - 1225 of 1228
I think pro has been using his other name today TopAnalyst

perhaps you should put up that pic for general entertainment .... now that Toya has disappeared, perhaps i could use you as my conduit for same - possible? .... but would need your private addy

well he would look strange buying me lunch with a sand wedge buried in his sand trap

bit touchy aren't you? ..... wait until TossA (or clubby r.i.p.) gets his claws into you and you'll be crying to mummy in a moment!

TFC, I post less and less nowadays, there really are some stupid and abusive idiots around and ultimately I can happily make loads of money on stocks and not spend time posting on stocks.

Why bother ? Its getting the stage now where I cannot be bothered anymore.


TheFrenchConnection - 13 Jan 2011 16:06 - 1223 of 1231

but we knew that in dec................lncidentally where is Proslenes

i suppose you're so poncy you usually describe same as croque monsieur or baguette au jambon cru or somesuch frogspeak