.

Not good, but we'll see.,.

Xcite Energy (LON:XEL) finally broke out of the 105 resistance today, pushing 6.5% better to 111p on decent volume. 120p looks to be the next line of resistance to watch for here, and the previous resistance at 105p to 107p could now act as a support line.



Read more: http://www.oilvoice.com/n/FoxDavies_views_from_the_trading_floor_San_Leon_Wessex_Exploration_and_Red_Emperor_Resources/a75f5e5d0ce0.aspx#ixzz1mNesLnnG

Socius are an investment company and this week have seen the shares rise from 85p
to £1 + they are not going to keep hold of them . Happy with 20% odd return.

They have sold out at the wrong time......I reckon that a revival of this share is going to continue...120p here we come...

They view a 20% return as good ( wish I could get an interest rate for savings of 20% and thats for a year) they have a return of 20% IN WEEKS. Then finance a new operation, in and out while the goings good. The rest of their funds may sit in for 30,40,50% or more, before another topslice.

Good start.

Told you so....not good timing by themselves....

zippydedoodah! ..... good call eh marky!?
have topped up twice since original call at end january ..... didn't go mad, but certainly o'weight and at today's value, considerably more so

According to smilers thread north sea crude on high of 75$ so rise here maybe on the back of that.

The thing is that the higher brent and the heavy stuff goes the more economical it is for the likes of Xcite....hence the sp surge...and I imagine that things are moving within this company with little fuss....

going back to cyners buy price now.,.

as always

Things never go in a straight line without news.

don't think so BB! .... i bought at 98.25 - 102.75 - 112.25

16th February 2012

Xcite Energy Limited
("Xcite Energy" or the "Company")

Site Visit

Xcite Energy announces that it will today host a site visit for media and analysts to the Rowan Norway Jack-up Rig currently moored in Dundee, ahead of its deployment to the Bentley Field. An overview presentation, containing no new material information, will be given as part of the visit.

The presentation is available at www.xcite-energy.com.

I closed my spread too soon....damn....still have the shares though..... sharp increase....as the markets drop...weird....

it is very strange and with very high volume too - not explained remotely by proposed site visit by media

Bought it part back.....think this has more legs yet.....did not expect everybody to pile in this morning....

i didn't cos i'm a smartarse and bought in from 26/1 through 12/2

Xcite Energy (LON:XEL) was the most popular search on google finance UK today and its shares were up over 10 per cent in morning trade. Excitement has been building around the company as it moves towards the first development well at Bentley in the North Sea. Today, the company said it was hosting a site visit for media and analysts to the Rowan Norway Jack-up Rig currently moored in Dundee, ahead of its deployment to the field. As at 10.33, Xcite shares stood up 10.77 per cent, to change hands at 144 pence each. The firm was also one of the most actively discussed stocks on today's bulletin boards. This month, the firm told investors that the Department of Energy and Climate Change (DECC) had confirmed its support for the group’s revised field development plan. And it said it would get the regulatory green-light to start phase 1 of the oilfield development in the near future. Last Friday, it completed the second part of its £25.5 million private placing.