.

Latest rumours suggests flow testing starting Monday 22nd Nov.


I am now getting preparations in place for.......

"One HELLUVA week"


Mon 29th to Fri 3rd Dec.


Potential - XEL flow test result 29th Nov (if not before)
Potential - DES drilling result 30th Nov onwards.
Potential - EOG Barchiz-1 drilling result 29th Nov onwards.


My oh my is that going to be one hell of a week

you may well be right ..... i just posted an observation, no more! ..... however, trading in XEL is pretty quiet today but sp slipping gently

Just sold a few and waiting to buy back so i can put them into my ISA account so i am hoping the SP might drop a little.

i sold some more at 281, which still leaves me well o'weight ..... however, if sp slips sufficiently (where to?), then i'll probably allow greed to take over

opening @ 268p must have acted as an early morning purgative of the most drastic variety for many ../ .lnstant relief for those with constipation ..;-). Be it a bad day on TSX ??...or a last ditch attempt by MMs to get some nice cheap stock - or as Cynners suggested -profit taking - and lets face it - there are a veritable army of PI's holding at extremely low levels ... ....Personally mucho glad to be out myself @ 292 and 288 yesterday ( sold 80%) as this was was not a stock i had fully researched myself; and to be candid was one of those rare cases where l bought purely on the back of the coatails of the air of general optimism that permeates the financial media . .ln short; a gamble .....not that i doubt the longer term holders will not be rewarded with some serious wedge here..........................but look at all the hype reg the Falkland oilees and the insanely high foreward looking s/ps pi s attatched to them -and subsequent retraction ;..and then looking at the chart for XEL ..............Sometimes its easiar to know when to buy as when to sell ..........But as i say long term holders wil not regret buying l............................................................ lf retracted back to 250 ish level id be back in

TFC - you and i tend to agree quite regularly ..... like you, i find it difficult to evaluate XEL - i.e. what is fair price ..... i SUSPECT that sp is still somewhat ahead of the game (so why don't i sell more/all?) but only the flowtest result will give any real clue ..... even then, almost regardless of the result, i would not be at all surprised to see an immediate slump in sp as the PIs and derivative holders cash in ..... that's exactly what happened with CEY after their results, and there was a short (small - you can't have short windows!) window of opportunity to jump in cheaply

There is a big difference between CEY and this one....cannot compare....if the flow is good and at the moment it looks as if it will be, then confirming a heck of a lot of crude in pllace will send the sp higher.....after a couple of days who knows...?..but for the moment,... up looks more likely to me...

you missed the point - re-read .... meanwhile, sp continues to drift

Crude is down....dragging oilies with it....

Nothing is certain in life and things could go wrong for XEL but so far its been a great story which could get even better with a good flow test, I also think an upgrade in reserves makes this share a buy. Both theses factors should put a couple of pounds on the share price hence I have bought 10,200 today and put them in to an ISA.

From AFN.


Hyvast - 19 Nov'10 - 16:00 - 8121 of 8121

Boat to be in place and ready for Monday and things will run from there

Looks like Tuesday before any start on testing, from what I hear there is nothing going on at present that we should worry about.

Source "EAR TO THE GROUND" (from within the industry)

Have a good weekend from a cold and wet Aberdeen

i shall have the pleasure of visiting the Granite City in a few weeks too - a debatable treat it has to be said

cynic - Bring your thermals!

indeed - but more importantly, where best to eat well? ..... The Brasserie? Silver Darlings? ...... anywhere do 1st class fish?

Got my thermals ready for Edinburgh start of December

Cynic - Will get back to you re - fish restaurant, famous one at harbour, name escapes me, watch this space.

Business or pleasure cynic?? you are a bit of a gad about.,.

Cynic - You mentioned it Silver Darling 01224-576229 Dohhh! Atlantis Seafood, Mariner Hotel 01224-591403. Can recommend The Brasserie but never had the fish.

Biz young Emu ..... i have a fairly important client based up there and we meet quite regularly, often in London

How old is she ?