.

XEL were as good as their word and i have had the call returned ..... me, among others, were expecting the (easter) rns to be a CPR ..... not so; it's a reserves update which, though assessed by an independent 3rd party, is slightly different

it was (truthfully) pointed out that though this report had been hoped for by easter, it was not actually promised ..... it was also fairly commented that it is far better to be a bit late than to rush out a report that subsequently turns out to be inaccurate

nevertheless, it was acknowledged that us poor PIs felt somewhat bereft of news and i hope that that will be remedied, even if only by way of a non-event rns saying that the reserve report will be published asap

Thanks Cynic, sometimes you feel these companies forget common sense. They get so involved in their work and forget the investors.

"investors"?

aka Owners.

But it`s just the answer one would expect, so the report is"a bit late", but not really because it was never` promised`to be issued by now, and if it was it would probably be inaccurate?

Roll on the (hopefull) spike when it comes out, when I shall rapidly follow-out!

Cynic, why don`t you just c&p the e-mail, it`s in the public domain mow and never should have been merely given to you, with respect.

it was a phone call so difficult to c+p!

Apologies, but that`s even worse, to give verbal info. to one holder verges on the discreditable, or as Sam Goldwyn said---

"A verbal contract isn't worth the paper it's (not) written on.

rides off into the noon sunshine, to the pub

good luck and a Merry Wedding to all!

As a reminder of last report:



28 February 2011

Xcite Energy Limited

("Xcite Energy" or the "Company")

Reserves Assessment Process Update

Following the successful Bentley 9/3b-6 well test in December 2010, the Company's 100% subsidiary, Xcite Energy Resources Limited ("XER"), has been working on a Reserves report that will update the RPS Energy Competent Person's report dated February 2009.

TRACS, part of the AGR Group, was appointed as the independent third party engineers to undertake the Reserves report on behalf of XER in the second half of 2010 and RPS Energy will continue to advise the Company to optimise the report.

The success of the Bentley 9/3b-6 well test requires XER to re-assess all material aspects of the reservoir model as the starting point for the input to the Reserves report. The information and data available from the well is still in the process of being received and collated and the Company intends to use as much of this material as possible for input to the Reserves report.

The Reserves report will be focused on the First Stage Production ("FSP") of the Bentley field, for which the work programme is underway and the Rowan jack-up rig has been contracted. The Reserves report will assess reserves in connection with the FSP only, while also providing a further update to the resources on a field-wide basis.

The Company expects the completion of the Reserves report to be around the end of March 2011, but will take the time necessary to maximise the value of the report.

S - don't be such a pratt .... i phoned as an individual and had a reply as such which divulged nothing particularly new nor remotely confidential, but at least clarified to me the diff between CPR and reserves report/update

"The Company expects the completion of the Reserves report to be around the end of March 2011, but will take the time necessary to maximise the value of the report."

DUH!LATE!

Mr.Prat.

PS

Another 6,000,000 knocked of the companies worth today, you could buy an awful lot of alternative quick-fire report for that; and expect more sp reduction daily until the damned report arrives,

huh!

Mr.U .Prat

if you don't like the scene, then there is no compulsion to stay on board ..... for myself, i shall stay put, (foolishly) encouraged by sp's steady performance despite the lack of news

Calm down dear it`s only an opinion,
however perhaps like you I am transfixed with the greedy allure of a belter, but it`s taking a while; if the price dops after the next RNS its goodbye from me and so long to him,

good to see some humour instead of being automatically squelched for having the temerity to have an alternative opinion!

Aye,
beats that awful crowd on the (bad) alternative website, where for a fiver you can ban people from "your very own" thread, personally I wouldn`t trust them with a credit card of mine, but hey -takes all sorts

adieu for the wekend, no sign of rain yet,I shall find a local pub tomorrow with ZERO TV

i shall come to the office for a while, do some cooking and maybe go to the golf club

"i shall come to the office for a while, do some cooking"

Surely you are not cooking the books Cynic?! ;o)

not that clever so i'll stick with making a very good fish pie!

Sensible choice!

Sold my stock today and put it into RRL. Not happy being treated in this way.

Your choice, will stay aound myself maybe they'll work on an rns over weekend.,.

have sold some of my excess here though still o'weight - not happy at all with the lack of any news or anything else coming from the management
on their history, i'm disinclined to distrust the likelihood of good news coming when some is finally published .....i'm sure i saw somewhere that there was an AGM or EGM or similar at end may, but i can't find the reference .... that being so, it's hard to believe that an update will not at least be forthcoming then, even if it will be 2 months later than indicated