.

i think you're probably right, though i certainly have no regrets at all in banking a large lump yesterday .... as i said, i still hold plenty, and i still think it more than likely that there will be some hefty, albeit short-lived profit-taking after the rns ..... that being the case, assuming the news is good, i'll jump in again

as for you, you silly bugger, you still don't seem to have woken up to the fact that a paper profit buys no shoes ..... it's fine being a smartarse while sp is rising, but you look damn stupid when it falls because the news is not quite as good as expected or similar

A superb share.

oil heading to $130 March.

this could rise 50% more.

It should rise about 150% on good news........

to follow on 454 ..... MATD was an excellent example of exactly that, wasn't it mitzy!

For one moment i thought you were talking to me then cynic :)) glad I still hold but will look very carefully before close of day.

BB .... remember i bought the last lump out of pure greed when i was already heavily o'weight ..... i (effectively) sold those at a damn good profit considering the timescale + a modest additional number ..... i remain o'weight at cost and heavily so at current sp level

To be fair, matd had the flow rate results and we knew there was no immeadiate drilling program ahead and so should have got out at 1.90 but as usual for me, hung on too long. Xel still waiting for what we hope are good result, can anyone say if they're drilling again straight away or will winter weather hold things up??

I've got a lovely pair of coconuts..lol.

a good selection of banana skins too i dare say .... sorry mitzy; a bit cruel i'm afraid, but i just wanted to make a point

Today we have good volume......buys out way the sells by double and no clues on level 2 but much better volume so it should motor.

I've bought a few more this morning...if it's rising ...buy more...the trend is for the sp to rise...so....on a good flow...and I think it should be a good result...300p...minimum....I was right about 2 kinds of oil discovered...just a guess, but that's what it seems they have discovered...super share...super company....

Quite a positive post from III......... :)


http://www.iii.co.uk/investment/detail/?display=discussion&code=cotn%3AXEL.L&threshold=10&it=le&action=detail&id=7165973


AmeriKnowHow - Lets Talk GROSS!!

My real concern is that Block 9/3b (now joined by 9/3c and 9/3d) is an Immature Asset.

I am a seller now (potentially) at 20 - This was my target for 2015.

My 2015 Target is now 40+

I had hoped to sit on my shares (1/2 in ISA - 1/2 Unwrapped) for the next 5yrs and then live on Dividends/Drawdown as part/all of my Pension Funding.


There are believed to be 900MMbbls OOIP in the Bentley Field - as of Today's Date.

That is for Bentley alone with the East Bentley Upside Case bringing 70MMbbls into this 900MMbbl Party.

Oilfields always grow with time and even with today's developing technology XEL can expect to extract WELL over 50% of this total standing on its Head.

The Bentley Field is a potentially Massive 1000MMbbls + Structure in its own right.

ADD - IN the Brunel Prospect (another Dornoch Structure)
ADD IN the West Jurassic and South East Jurassic
ADD -IN Blocks c and d.
(the Jurassics as part of the Viking Graben)

These Outstanding Prospects on Block 9/3b, 9/3c and 9/3dcould EASILY be expected to DOUBLE the 1000MMbbls in the Bentley Main Field.

So what are you going to SELL out for??

The Current GROSS Value of Bentley OOIP is:-

1000MMbbls / 148 Million Shares in Issue = 6.75 barrrels per Share

@ $69 per bbl x 6.75bbls/share = $466 per Share.

The Now DOUBLED Figure is $932 per share.

The Bentley Alliance are going to extract and market the Bentley Oil for a cost of $33/bbl throughout the lifetime of the field.

A discount of no more than 10% to Brent Crude will apply (probably nearer to7-8%)

Current Budgeted OPEX costs will be reduced by 5% with the use of the East Bentley Gas Cap.

A 20% reduction in North Sea Oil Taxes will apply.

Where else are you going to go the get such a MASSIVE return on your investment??
Why SELL - OUT now to some pathetic POXY operation like Statoil or BP?

Do you WANT to spend the next five years living with the very limited growth prospects offered by BP or Statoil shares??

That is CERTAINLY NOT what I want to Do!!!.

GLA/DYOR Oilf.

currently 231/235 but only 1 x MM offering at 231

now that is a really typical and stupid post from iii and is exactly the sort of hyperbolic nonsense that gives BBs a bad name

Blatant ramping of the worst kind.....

typical pro stance.,.

to be fair, it wasn't Pros's twaddle - but then i would never have wasted space by pasting it here

6 V 1 on L2 so it looks like it should rise again,back down the mine clip clop clip clop

Checking on line limits :

MAX BUY = 10K @ 234.35p

MAX SELL = 25K @ 232.5p


L2 is 1 v 1 @ 231.5 / 235

So many nods and winks flying around its funny.

However, this is good that its having the first part of a move up now, this is the beginning.

So many people said they would only invest in XEL AFTER a commercially proven flow test is done, and so there is lots of money waiting for good news in order to pile in, the money that will not accept risk but is happy to ride for smaller gains (in comparison to those who take the risk and get much bigger ones, or not) with no risk.

Its all adding up for the perfect re-rating, just hope that well flows well ! ;) and if it does, then the fireworks start for real.