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

Too busy with their own discoveries...

Whooooaaaa.....steady now...a 2% rise today.....phew !......getting overexcited here....

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Looking tasty now at this SP 85p.

it's about as tasty as a spoonful of the jollop they've found

this company is smelling like week-old fish
it has failed to perform for far too long, delivering just empty promises

anyone else's patience running out? Many still in this and hoping to someday get the seemingly great potential value?

Salvation might come in the form of an offer/JV from Tom Cross of Parkmead. If XEL's assets are worth anything, he's probably the man to have an eye for a bargain.

Can't believe the way the sp has dropped....I've noticed that XEL, PVR, and RKH are having trouble bringing into production great reserves in the ground...

So...are we having a great farmin'...or a great farmout ?.......to put in the way Smashie and Nicie might put it !...

Week old fish is how I like to describe my portfolio......can't seem to get anything right any longer...

i know the feeling well .... thought it was just me being out of form
as for PMG, they're not so hot either!

The worst share I have ever bought.

Hey marky.....still down that mine?? this is going like rockhopper......down hill fast.,.

Been buying RKH

i bought some more here as it seemed to have bottomed out, nicely in profit and reckon this will climb back to 90p.,.

next floor haberdashery....... going up.,.

He was right.


dreamcatcher - 27 Apr 2013 18:02 - 143 of 306

Malcolm Graham-Wood, analyst at VSA Capital, advises investors to buy when the shares hit 80p for a “very substantial long-term upside”.



markymar - 29 Apr 2013 08:01 - 144 of 306

Some of these analyst talk rubbish

there shouting BUY £2.60 target price and now this clown is talking 80p

just a minor dip, back up tomorrow.,.

Mine are sitting at £1.50 :-((

same for me, but will trade last little batch i bought.,.