.

It's worth a lot more than today's present valuation, that's for sure....but just won't go up at the moment....most people will have taken most profits including myself....but still in with some....

RF am just sitting and waiting for CPR,thought it best to sit this one out and leave all my money there as its pretty safe,news of rig soon should be intresting which one they go for.


http://brokermandaniel.com/

January 20, 2011 The XCITE JACKPOT! 500p/600p!!

Just a quick note here for the Xcite Brigade!

Theres NO point in the Blog constantly writing posts re XEL.

I can understand investors who are feeling as though they are in a News-Limbo. What I would say to the Blogosphere is this:

Why are investors fretting over a stock that has just completed a massive oil discovery? It has now flowed at commercial rates and is being FAST-TRACKED for production?

The recent extension of the Letter of intent to the 31/Jan/011 for the Rowan Norway N-Class Jack-up Rig seems to be causing some confusion. Its just idle minds working over-time, does any one out there really believe that a rig will NOT be signed on? Come come shake your heads! Get some back-bone and get back in-touch with REALITY!

Xcite energy will probably hit 500/600p before any production begins and you can take it as nailed on that the CPR will improve upon previous figures. The Bentley field will be reclassified Proven Reserves and very likely the 2009 CPR will be substantially improved upon, so goes the feeling within the City of London; reservoir properties to be above the upper end of modelled expectations.

They have settled roundabout 350p all AIM stock drift on lack of news that is a fact! There is more to come here this company have hit the JACKPOT! And so have its investors! News will come and the feeling from seasoned oil sector watchers is that the XEL story will only get better. There are still gains to be had here for holders.( Compare Nautical they settled at about 330p they are now 460/470p) You cant put a spin on good news and the news here is very good!

Hold for 500p/600p it will be hit!

Viva!

Daniel

Firming up on level 2....one of the few up today looks like it will go higher!!

rubbish! .... my short positions (ASC, DES, FOGL) are performing very well today!

Any thing will perform well when stockmarket down over a 100 points,u still haveyour holiday shorts on in Dubai......plenty of cheap cranes out there doing nothing.

no kidding - haven't seen a single active construction site ..... and not hol incidentally; wouldn't be remotely my choice for same and it's been too cold for shorts; in fact, been wearing a light sweater nearly the whole time

Probably of a Harlequin design :-)

Cynic ur in Dubia ur taking the piss with sweater....21 night time temp....... maybe the age thing creeps in as when you get old you feel the cold.......some news i think fr XEL should put i spring in ur step .................chicken legs

i am indeed in dubai and weather is not nice at all..... overcast and breezy again today,and perhaps 21/22 deg ..... last night, just about warm enough to have dinner outside, but again in (plain blue!) sweater

First from FT Alphaville

"elsewhere in the small cap world
NH
a buzz around
NH
Xcite Energy
Xcite Energy Ltd (XEL:LSE): Last: 364.27, up 10.77 (+3.05%), High: 366.13, Low: 356.50, Volume: 485.62k
NH
bid rumours
NH
and also talk the test results are much better than expected"

and then on iii from poster Aberdeen31

"I have heard various rumours around the Oil Industry since Monday there is definitely bidding talks going on.

Someone somewhere has let the cat out the bag and if it keeps going then I dare say Xcite may be forced to release an RNS with what is going on.

Some VERY price sensitive info is going about up here and its just a matter of time before it is know further a field

I am topping up at every chance before the chance is long gone.

Lets see what tomorrow brings

Just my view as always.

Aberdeen31"

come on marky; you're experienced enough to know that rumour spreads rumour .... that's exactly how ramping works giving so many BBs a deserved bad name

just call me Pro Cynic....... i do like a good rumour especialy when i hold a few, roll on Monday.

RKH should hear news there soon.

not sure if anything sinister need be read into the latest news that the rig contract has been extended yet again, this time to 11/2, but it is at least slightly unsettling

bloody frustrating .... sp could drop back....buying opportunity.... maybe.,.

Am I missing something or shouldn't there have been a CPR by now? Is something amiss? Any thoughts?

if you read 1264 and also consider the heavy gales, that might give a clue ..... i don't think anything's amiss, though one can never be certain

thanks cynic and I hope you're right!

March for CPR I think ?

Oil Barrel he said late Feb Early March

looks like faked demand for these today ..... sp is very gung-ho but volume is very light