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Xcite Energy - North Sea Heavy Oil (XEL)     

Proselenes - 22 Oct 2009 11:14

.

cynic - 25 Oct 2010 08:40 - 360 of 3002

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

required field - 25 Oct 2010 08:42 - 361 of 3002

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 !...

required field - 25 Oct 2010 08:49 - 362 of 3002

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

required field - 25 Oct 2010 08:51 - 363 of 3002

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

required field - 25 Oct 2010 08:53 - 364 of 3002

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

required field - 25 Oct 2010 10:48 - 365 of 3002

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

Proselenes - 25 Oct 2010 16:47 - 366 of 3002

Its excellent news, the upside potential just got very much larger.

Flow test results late November.

Sit back and wait for a possible 300% rise from here.

Proselenes - 25 Oct 2010 16:47 - 367 of 3002

Its excellent news, the upside potential just got very much larger.

Flow test results late November.

Sit back and wait for a possible 300% rise from here.

cynic - 25 Oct 2010 16:53 - 368 of 3002

repeating will not enhance the result!

Dil - 25 Oct 2010 16:55 - 369 of 3002

You keep talking Pros ... your doing a fine job.

required field - 25 Oct 2010 19:48 - 370 of 3002

Possibly another increase tomorrow morning....

bertyknows - 25 Oct 2010 21:48 - 371 of 3002

muted response but tons of upside from here i guess after today's news.

Proselenes - 26 Oct 2010 01:36 - 372 of 3002

berty, this increases the rise possible with good flow test news. Been in since 20p, not sold, no plan to as I believe they will have a good flow test result and the Bentley field will be deemed commercial, which is the big upside from todays closing price.

required field - 26 Oct 2010 10:23 - 373 of 3002

Sp steady today....the hot money has been today on AFC, but this is another fantastic performer....I reckon that with a good flow : 250p should be possible...perhaps more....

cynic - 26 Oct 2010 10:28 - 374 of 3002

this is assuredly a much better (and safer!) bet than AFC

required field - 26 Oct 2010 11:00 - 375 of 3002

Depends what you call safe ?....this should be commercial and AFC have enormous potential....both sp's outperforming anything else this month.....AFC could pull back hence our profit taking on some....

hlyeo98 - 26 Oct 2010 16:11 - 376 of 3002

163p seems to be a good buy today

required field - 27 Oct 2010 10:15 - 377 of 3002

Bit of a pullback....but this should go a lot further up sooner or later...

hlyeo98 - 27 Oct 2010 10:17 - 378 of 3002

Yeah, I'm going to add more today.

Proselenes - 27 Oct 2010 12:47 - 379 of 3002

Xcite just been awarded the licenses to the North West and South West of their present license it seems.

https://www.og.decc.gov.uk/upstream/licensing/26_rnd/award_maps/nns.pdf


So more good news coming !
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