.

lol

Doing fine.

Buy rating in Shares Mag it seems.

XEL has been touted around for quite a while now, but the market continues to stubbornly ignore ..... let's hope for a bit of life once they spud in mid/late august from memory, and PG, actually find some goo

I think XEL has been depressed recently because of BP and Bentley oil leak. I've had XEL on my watchlist for quite some time and if we see a recovery in the general market then i have no doubt i will be taking a substantial position ahead of the upcoming spud. Does anybody know a firm date for spudding? Certainly want to get in before such a time. Thank you.

No firm date yet berty, waiting for the rig contract signing news.

Moving today, in the right direction.

a slowly as the treacle of their hoped find

Sp...starting to head perhaps up to the nineties prior to spudding ?...perhaps....

certainly not impossible, and i believe the odds on a commercial find are quite short

Broker pre-drill target price is over 120p, and we might be getting closer to that level as spudding gets nearer.

Bentley success could be worth 300p to 800p a share, and with a 70% CoS the SP should, IMO, be higher as drilling starts.

P .... let the buggers find oil first before you start over-hyping your idea of fair price

the oil's there isn't it? Case of how cheaply they can extract the bugger. XEL lools strong today chart breakout coming?

Is this stock ever going up to 800p..never !.....

a reality check .... 125 is the current all-time high ..... pretty good chance of that being breached for sure, but thoroughly agree with RF

It might be taken over before development, ....just the sort of little oil company that would fit the bill for some big boys.

slightly more chance that with all the other mini-minnows that get touted for t/o from time to time

Canadian Broker Note :

http://www.xcite-energy.com/docs/XEL_initiate_report.pdf

.

And the "know it alls" can see the unrisked blue sky figure in the broker report is over 800p.

It could go there.

Never say never when there is a chance of possible.

:-P

Looks like a late August spud date for the well.


RNS Number : 6451O
Xcite Energy Limited
02 July 2010

TSX-V, LSE-AIM: XEL


Rig Contract - Ocean Nomad

Xcite Energy is pleased to announce that it has entered into an agreement for
the Ocean Nomad semi-submersible rig to drill the 9/3b-R well on the Bentley
field, with an expected spud date around the end of August subject to the
current rig programme.

The Company expects to conclude final contracts shortly.
This rig provides significant metocean operating advantages over a jack-up unit
for the 9/3b-R well programme, which continues to be managed by Applied Drilling
Technology International.