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

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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 :-)

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Its finding it hard breaking the resistance of £ 1.25P so knocking on door again, canny gap up if breaks

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knocking at the door again with poor volume

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mnamreh - 29 Sep 2013 09:26 - 256 of 256
Type V. Fore-Arc Basins
Fore-arc basins are located on the ocean side of volcanic arcs. They result from both extension and compression, are elongate and asymmetrical in profile, and architecturally are the result of subduction. Fore-arc basins are few in number and generally not very productive (Klemme, 1980a, 1980b).
Very small amounts of heavy oil are found in the Barbados basin. Although a natural bitumen deposit is reported in the Shumagin basin, volume estimates are not available.

Essentially no heavy oil or natural bitumen is found in fore-arc basins because these basins do not generate large quantities of petroleum of any type and therefore provide relatively little material to be degraded.

http://pubs.usgs.gov/of/2007/1084/OF2007-1084v1.pdf

All the way back to £1 mark then ready for the bounce back up

Well worth a read to get up to speed


http://contrarianinvestoruk.squarespace.com/posts/2013/10/12/my-old-favourite-xcite-energycan-they-finally-deliver.html

My old favorite Xcite Energy....can they finally deliver

2nd chart.

http://goo.gl/7Gtf5L

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great! come in on an evening to catch up and hermans hermits is still at it.

good heavens! the emu's out of hibernation .... must be late spring in oz! .... how are you keeping old bean?

I'm still here keeping an eye on you buddy, just been a bit busy lately. Not a lot going on in my portfolio at the mo.... very boring. Hope your well, booked into the woollie this xmas?