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

Thanks mnamreh.

.

.

.

My cup of tea. :-))

.

Like the utube post.

You can stand the spoon up in it mnamreh its so strong. lol Yep they look to be moving. Good to see these make some progress now.

.

It does look like the lows has gone for the moment being, today is consolidating into a higher prices than during the last week that was making a bottom to move up from

.

Xcite Energy puts CEO update online
StockMarketWire.com
A video update by Xcite Energy chief executive Rupert Cole is now available on the company's website, www.xcite-energy.com

At 2:41pm: (LON:XEL) share price was -2.37p at 92.13p


http://www.xcite-energy.com/

The video has gone down a treat ?

.

I mean not good, with the sp fall.

I was being sarcy. :-))

Down over 4.5%

.

Not much rise, but the volume is high 2m , more than double the usual

Looks like a double bottom has now been hapening and should be on the rise from here

Of nearly of all the shares i have held over the years this has to be one of the most frustrating shares to have ever held.

MJ - unfortunately that is what all us holders have wrongly thought on a number of past occasions ...... no doubt, it will eventually be so!