.

I'll be fair to Prosels...he spotted this and I had a good look as well....so I say bravo for being one of the first on this....just praying that they come up with the goods...should do as this has already flowed...fingers crossed....

Holy cow !...140p.....great jumping barnacles....

Now a 7 bagger for me, 20p to 140p

Hoping for 400p late Nov/early Dec on good news. Keep them fingers crossed.

23p for me....well done on this one...incredible...bravo to Shares magazine who highlighted it even before I think....

Doing a lot of things with this vertical well.

..........."Xcite also plans to tag an upside structure play potentially seen on 3D seismic with this well and, if the 3D interpretation is confirmed, this would increase the best estimate contingent resources to 235mmbbls. In addition, Xcite plans to test for the presence of a tar mat at the base of the reservoir using core samples from the well, also providing potential for yet further recovery............."

Fabulous week here as well...

http://proactiveinvestors.co.uk/companies/news/22317/xcite-energy-valuation-could-rise-significantly-edison-22317.html

For those in doubt or any newbies, worth watching the summer interview again with Rupert Cole :


http://proactiveinvestors.co.uk/companies/stocktube/478/xcite-energy-bentley-north-sea-oil-field-could-be-a-two-billion-dollar-asset-prize-478.html


.

Excellent update. I think there is considerable upside to the recoverable oil and therefore the target prices.

http://www.investegate.co.uk/Article.aspx?id=201010250700069109U

.

????....holy.....goodness....

what is extraordinary is that the volume traded today is still only 600k

Correct me if I'm wrong : they have discovered more oil than expected ?...is that it ?..

Where is everybody ?.....

hope it will continue to build between now and end of November.....what price then if good flow rates achieved??

yes RF - exactly that .... XELd are you (sorry about that!)?

Good flow...perhaps in excess of 250p....I'm just guessing...don't forget this is heavy oil and has to be warmed up a little...Schlumberger said the previous well would have achieved 4000 barrels with the right equipment...so a lot more perhaps now...and I wonder whether they have both sorts of oil here....whatever the case this looks fantastic for Xcite Energy !...

What a start to the week...thrilled to bits I might say !....

Can't wait for the broker notes....they have to all upgrade their stance on this....

If this carries on I shall be able to look at the options list on something....

Holding up nicely....a lot more to come I think.....not much blogging on here....surprising....