.

A lot of maths has been done, risk taken into account, forward turnover ,profit, cash and ther result is the market has put the present sp on it, until it produces the product , erm, thats it I am afraid.

The market does not sound convinced. Not happy with something.

Doom and Gloom.........

Shares Magazine today and the sell off is overdone, 'Investors should take advantage of this fall and Buy they say ahead of first oil, expected in the opening half of next year with incremental catalysts such as Field Development Plan approval and confirmation of financing should help to fire the stock ahead of this breakthrough'

http://www.youtube.com/watch?v=lBSYLanx-dM

Sharepedia.co.uk - Xcite Energy Richard Smith June 15 2011

Looks a better day for Xcite.

is going places this afternoon 153p +8p

a much stronger order book bid side at the moment

Chart prices are as usual well behind the real price

Needs to go a long way, going in the right direction.

By Rachel Cooper, City Reporter7:02PM BST 17 Jun 2011
http://www.telegraph.co.uk/finance/markets/marketreport/8583112/BAE-beats-a-hasty-retreat-as-FTSE-100-advances.html

Further down the market, oil explorers were in focus after Morgan Stanley started coverage of some smaller companies searching for black gold.
Xcite Energy slicked up 5 to 150p as analysts gave the explorer an overweight rating. They were also bullish on Valiant Petroleum, which advanced 13 to 613p

1.32p how sad is that,talk about bashing a share.

Thought you'd had a rock fall down the mine marky, glad you've surfaced.,.

one word - GRIM

i'm afraid, as i said in post 1895

typical AIM pump and dump.

Balerboy been working down that mine got back yesterday.....awaiting news on RKH still cant get a clear picture to what is going on.

You have a good trip Cynic?

Gap 160-140 now filled.

indications are that it was quite successful thanks marky

Glad to hear it Cynic thought it was more UK your work took you to,just had a nibble at this price.

i also look after some accounts in south america + m/e + india, but we aren't exactly territorial about it

Ditto......just ridiculous sp now.....and plenty of others as well.....