.

Talk of rig being in Scotland Fri/Sat.

Will there then be friggin` in the riggin`?

Thank you to raritan on interactive ii, our rig in Scotland.



http://dl.dropbox.com/u/14595286/XEL%20Rig.JPG

ROWAN COMPANIES, INC.
OFFSHORE RIG FLEET AND CONTRACT STATUS

As of September 29, 2011

Rowan Norway
http://www.rowancompanies.com/_filelib/FileCabinet/PDFs/Offshore-CM.pdf


Rig arrived in the UK North Sea for commissioning and is expected to commence operations in December 2011.

Contract is for combined drilling and production operations with an initial term of 240 days followed by a one year priced option in the low $250s. Production fee of $1 per barrel of oil produced is also payable during the initial term.

This is looking decidedly grim.

Statoil Takeover would be good to hear.

07 Oct Xcite Energy Ltd XEL Evolution Securities Buy 122.63 322.00 322.00 Reiterates

All the ducks are lined up.

http://moneyam.uk-wire.com/cgi-bin/articles/201110101533559003P.html

Wednesday's most followed: Xcite Energy
1:19 pm by Sergei Balashov

http://www.proactiveinvestors.co.uk/companies/news/34263/

North Sea explorers Xcite Energy (LON:XEL) emerged among the most discussed stocks as traders debated whether their current market value fully reflected their potential.

Xcite investors generally blamed the recent decline in its share price on recent market volatility. Some posters pointed out that the XEL share price has been moving in line with the FTSE 100 over the past few months, arguing that the markets have been oblivious to the potential of Xcites Bentley field in the North Sea.

Some posters drew attention to the fact that the company has recently made a few announcements that addressed some of the main concerns that could be depressing the share price.

In an update that was released on Monday, Xcite said it is currently in discussions with potential lending banks for the project financing.

In the same statement, Xcite reported that the jack-up rig, which will be used to establish first production at its Bentley field, has now arrived in Dundee.

Importantly, Xcite said it continues to have positive discussions with the UK Department of Energy and Climate Change (DECC) over the approval process for the field development plan, which was submitted in August

Not ventured out of the red today

Just in the blue

been biding my time here since my last post - generally sp has been as expected - iis are on the side lines also right now - finance wont be a problem - but the sp effect will be definitive - be surprised if decc any problem

moving up nicely here and blvn - excellent - gla

Nice 550,000 buy at close.

DC. Not necessarily a buy.
The size of the trade means reporting was almost certainly delayed, potentially by three days. No way of knowing if it was a buy or sell and perhaps unimportant anyway.

You do make me laugh.

DC, I've removed my post as to be frank I can't be bothered to enter into a dialogue with an expert such as yourself. You believe whatever you want to believe.

Thanks for the advice

ptholden,

no point in arguing with the inexpert who see every large trade as a buy

regards

Seq, don't you just love BBs? Lol, trust you are keeping well.