.

Sorry yes Balerboy,Funding was always going to be an issue; hence I thought one to sell and sold at a profit, will take a while for the shares to be soaked up but I think it has a good future and hope to re enter at some point.

cheers marky.

(:(((......I really don't believe this...down again....

i think most stock in XEL is held by PIs, and that probably tells you much as to why the current horror story .... the delayed (yet again!) report also does nothing for sentiment

A rise and about bloody time too (sorry)......should be around 4 with such an important discovery !...at least...

here here RF!!!! Could my luck be changing.

Aye
it`s shame this hasn`t reached its rightful potential, 400p seems reasonable until more news, perhaps it`s heading back up there?

http://contrarianinvestoruk.blogspot.com/

Thursday, March 3, 2011Sense finally returns to Xcite Energy
After briefly hitting close to 3 again this morning, Xcite Energy (XEL)
has finally rallied from its lows to rise as much as 19p to 323p (6%).

The shorters have been out in force over the last few days. They hunt in
packs using the bulletin boards to feed false rumours into the market. Supposed expert posters were questioning the work that Schlumberger had done on the flow test in December and whether the CPR would be delayed again because it hadnt been done properly and the classic yesterday that
the oil actually wouldnt flow because it was too viscous at ambient North
Sea temperatures. In other words, the drilling experts, Schlumberger had
been complete monkeys and made a hash of it.

Then there was the conspiracy theories that the board were keeping market
sensitive information to themselves and that the reserves upgrade would be
below expectations and that they had change supplier (to TRACS) to massage
the figures. Oh, I almost forgot the rumour that they were planning a
massively discounted rights issue at 2.50. All complete XXXX of course!

So the inexperienced investors think oh, maybe the rumours are true, Ill
sell at 3.00 and put my money into something else which is going up (e.g.
Range). Those posters on iii.co,uk and LSE boards must be in the
know. A classic Bear raid! Of course, by the time theyve sold and moved
into something else, that's goes down as well. Get the weak to sell and the
shorters feed off the frenzy. When theyve got their man, they switch and
start buying. Whilst the sheep were selling the last few days, Ive been
topping up. Not putting up with any market maker or shorter nonsense! Hope
theyve closed their shorts now!!?

Paranoia about shorting is rife and rubbish.

Glad my luck has changed,some times you dout yourself.

Good to see one of my favourites rising at long last......the 300p mark will be looked back on as bargain territory.

http://www.proactiveinvestors.co.uk/companies/ceo_focus/686/rupert-cole-of-xcite-energy-believes-theres-still-significant-upside-on-asset-value-.html

Rupert Cole of Xcite Energy believes theres still significant upside on asset value
Friday, March 04, 2011

http://energy.pressandjournal.co.uk/Article.aspx/2157737?UserKey=#ixzz1FuyVDEnK

''With speculation building that Statoil might also be interested in acquiring the Bentley field that was recently and successfully tested by the small Canadian-UK independent Xcite, and which is said to be on course for first commercial production late this year, a move into the Granite City appears all the more logical.''

At this price, this is worth buying like a first time round.....could go up to 500p on a reserves update !....

it's certainly been a pretty scary stock of late, and i can't remember when it last had a blue day, but it feels like last year!

I've been buying as it drops.....sooner or later there will be a big turnaround.

We all hope so!
I have not added to my holding as yet. Waiting for RKh to pull back ground and then I'll add more. Just a waiting game and I just hope that it all comes together in the right order. RKH first and the XEL

at least XEL seems disinclined to drop down through 300 mark

Bought few more much against my better judgement, have far to many for me.,.

nearly allowed myself to be panicked out of at least some of these, but thank goodness did not ..... what a turn-around ...... ditto England / Bangla cricket; cracking game developed in last 30 minutes