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Xcite Energy - North Sea Heavy Oil (XEL)     

Proselenes - 22 Oct 2009 11:14

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mnamreh - 16 Dec 2011 14:53 - 2393 of 3002

.

HARRYCAT - 16 Dec 2011 14:55 - 2394 of 3002

As I put in post 2368 "Over recent days we have received a number of messages from our shareholders expressing concern ........" I suspect they are going to get a few more now!

dreamcatcher - 16 Dec 2011 14:57 - 2395 of 3002

They do not learn, do they give a toss about investors?

ptholden - 16 Dec 2011 20:00 - 2396 of 3002

So how else were they going to raise funds to develop Bentley without either a credit facility, a placing or a combination of both?

dreamcatcher - 16 Dec 2011 20:23 - 2397 of 3002

Fine raising funds, should not be on a 1. This share has crashed 75% now from its peak of 4 odd at the start of 2011. A lot of the drop due to confused and late information from the company. This is going to take some doing to get any where near 2.50 if it is not taken over before hand.

ptholden - 17 Dec 2011 22:59 - 2398 of 3002

Perhaps it was vastly over priced at 4?

dreamcatcher - 18 Dec 2011 07:37 - 2399 of 3002

I do not think it was (my view) Or perhaps now its vastly under priced. The times we are in have driven most shares down and of course the board of directors have
played a major part in not helping.

required field - 18 Dec 2011 12:08 - 2400 of 3002

It's just that this is probably the worst market in a lifetime !...

mitzy - 19 Dec 2011 19:18 - 2401 of 3002

Off another 10% today..

who said buy under 50p..?

Proselenes - 20 Dec 2011 10:24 - 2402 of 3002

Big drop it was, perhaps its looking like DECC approval will NOT be given ?

If that were so I think everyone can buy under 50p ;)

mnamreh - 20 Dec 2011 10:28 - 2403 of 3002

.

dreamcatcher - 20 Dec 2011 16:35 - 2404 of 3002

Proselenes, why do you think the DECC approval will not be given ?

Proselenes - 21 Dec 2011 04:59 - 2405 of 3002

dream, it should be given, one would hope, but it could also be denied if they think the plans are not viable and need altering.

Lets not forget the original plan was production, but this appears to have been not granted and so its been changed to an extended well test (EWT) to prove that it is commercially viable.

DECC have received XEL's latest changed plans, but again its not a dead cert they will be approved as is and they may require further changes, as they already have been to make the next step an EWT.

dreamcatcher - 21 Dec 2011 06:43 - 2406 of 3002

If that does happen the board of directors had better get some paint and start painting the rig before it goes rusty.Would of been good to see DECC pass this before
the christmas hols.

mnamreh - 21 Dec 2011 09:21 - 2407 of 3002

.

dreamcatcher - 28 Dec 2011 08:36 - 2408 of 3002

Not hot at the moment, continues the slide .

mnamreh - 28 Dec 2011 08:58 - 2409 of 3002

.

dreamcatcher - 30 Dec 2011 11:28 - 2410 of 3002

very low trade

Balerboy - 10 Jan 2012 08:26 - 2411 of 3002

Seems to be getting excited over the last few days....hope it continues.,.

required field - 10 Jan 2012 08:41 - 2412 of 3002

Time it went up....
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