Xcite Energy Limited (XEL) is a heavy oil appraisal and development company, with current interests in three licence blocks in the UK North Sea, all of which are held with 100% working interests through its wholly-owned UK subsidiary, Xcite Energy Resources Limited (XER).

Its primary focus is in bringing the Bentley oil field on Block 9/3b into production and in doing so becoming a significant independent oil producer in the North Sea by 2014.

Business Strategy

Bring the Bentley field into commercial production

Grow its reserves base from the existing 116 million barrels of oil equivalent
(“MMboe”) of 2P reserves through the conversion of its prospective resources base

Grow its resources base further through drilling activity on Blocks 9/3c and 9/3d

Employ enhanced oil recovery processes (“EOR”) to further increase its resource base

Increase its asset portfolio through license rounds and asset transactions whilst utilising its heavy-oil expertise to leverage opportunities


http://www.xcite-energy.com/

2012 in Review and the way ahead Robert Cole Video

More a box of damp sparklers and wet matches. :-))

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mnamreh I thought you agreed that you would stop deleting posts ?

I for one would like to read them.



Looking a bearish chart at moment

Looking to good so bought a few at 116.75

Its in breakout

Interesting in Shares this week in short Broker Liberum Capital carries estimated NAVs for Xcite of 340p respectively. So a deal at the same level as the Bridge bid would infer take -out price of 323p.

I had hoped for more. My holding is at 5000 @150p

what takeover? ..... all pie in the sky

Far from pie in the sky.

That's one choice the company has . Mvo I do not think the current directors will take this to production. This will need $700m and will need a partner with huge pockets.
Good to hear other views.

Why would a company pay $15 million for the well data, can they not see this if they were to become a farm in partner? I still think this will be taken out.

possibly, but don't bank on it

Only my thoughts. Any others.

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my totally uneducated guess is that, should there be a takeover at some point in the future, £2.00 would be the max

any logic to that?
no, but just what i think to be a realistic guess

Ticking away slow but canny

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Good volume today also nice tick up

A years high also chart looking very good

but does it actually signify anything?
the supreme optimists might like to imagine that a game-breaking announcement in on its way

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of course i do .... words failed me :-)