.

Must admit I can't understand the child like behaviour of monitoring ship movements every minute of every day. XEL are expected to report the flow test results during the first week of dec and I'm quite happy they will ensure all is in place to achieve that deadline (including the sailing of the Betty).

http://www.investegate.co.uk/Article.aspx?id=201011300700100056X

What a nice RNS, protecting shareholders rights. One gets the impression they are aware that someone is going to come steaming in with a cheap takeover the moment the new well completion design is proven and proves Bentley to be commercial.

Make them wait and pay the proper price, great foresight by the board.

.

Mr. P ...Reg;Latest RNS ......the interpolation thus being that there are perhaps indeed predators lurking in the wings ? .....and who is to say what will constitute fair value ? ..For example would 400p be fair value ?. Personally i would bite thier hand off .....Furthermore this begs the question .Do you see the very need for such an RNS as indirectly implying the drill/ flow test will prove an odds on success ?

400???? ..... i don't think i'ld complain much either

200 MMBO recoverable with the tax incentives is worth 2 Billion US$.

I would accept 650p and no less.

Good post over on TMF

http://boards.fool.co.uk/xcite-go-with-the-flow--12109512.aspx?result=RecSuccess


.

Cynic, hows the sunshine.,. can't see it myself as have head well and truly stuck in the ground....emu

really quite nice ..... even saw some of your cousins today in the game reserve ...... i've got a great pic which i may forward to Toya to post for me, unless one of you guys know how to do it (i did it once but it was hugely complicated for my ossified brain)

A reminder for any interested, XEL will be there presenting. Betty had come back and now back off to Bentley again, so flow test to start probably Friday, it seems. DYOR.

39th Oilbarrel Forum

Date: Thursday 9 December 2010
Start time: 9:30 am

Location:The Brewery, Chiswell Street, London EC1Y 4SD

Sponsored By Opus Executive Partners & BDO

9th December 2010
9.30 am - 1.30 pm

Among the companies presenting are:

Cadogan Petroleum
Dominion Petroleum
Niche Group Plc
Tangiers Petroleum Ltd
Xcite Energy Resources


http://t1ps.com/shop/page-event/event_id-9


.

Shall probably regret this play as XEL seems to have all the hall marks of success ; but considering the plethora of positions held by many investors in XEL below 100p ect ect, and its current inability to challenge strong resistance at 290p level ,and furthermore considering i hold at 242p with little move for manouvre , i thought it prudent- being a % s player (as i always remind everyone and anyone) -to sell 40% which equated to 6,000 today . Albeit not quite a one trick pony, XEL has very little to fall back on if flow rates dont meet a currently very demanding market ,,, and i dont want to be carrying 15,000 if Bentley doesnt meet those expectations ,,,,,,,,,,,,,,as this will tank on a grand scale ...and very quickly given MM movement of s/p .. ,

TFC, it fell back yesterday as the tanker returned to Lerwick. The tanker went back to Bentley today and so is now at the rig.

All being well flow test starts very soon, so I expect a big rush for stock tomorrow and Monday and flow test results on the 7th or 8th Dec.

now you tell me ,,,lol ( only teasing Mr P ). ..But with greatest of respect Mr P you have reiterated those very expectations reg. shorters going cold and a rush for buyers on several occasions. Further more. and more to the point, you hold at a very low level which is in total antiphisis to myself ...and 50p profit p/s could have been wiped out within an hour in this stock as could profit i banked even from 220p level ...../. ,,,,,,,,,,,,,Please dont get me wrong as still anticipating success myself hence retention of 9,000- merely reducing exposure and crystalizing a quick paper profit lest things turn pearshaped .....As they say - NEVER SAY NEVER ..........Regards to you et al ...............

TFC, I never tell anyone what to do (I just take exception when cynic tries to say what he does is always best..) LOL

Just joking cynners.

I am hoping for a good run up now, the test got delayed as testing crew stuck in the snow shutdown of heli flights.

All is on track now, so all being well the flow test starts very soon.

Danny boy is quite positive today......

http://brokermandaniel.com/2010/12/02/xcite-energy-flow-testing/

XCITE Energy FLOW TESTING!

Have been waiting on several contacts getting back to me over this company and I can now inform you that these are the same sources who gave the Blog the heads up on the Desire oil strike (confirmed today)

The flow testing at the Bentley field is well underway and has been for the last few days so says our contacts. The news is expected to be very positive no problems have been encountered other than the usual rough seas. Knutsen tankers are known to be in this area probably off-loading the flow-test oil. Commercial rates of BOPD are being hit!

Production planning is all but nailed on here. It has been rumoured that takeover approaches were being made to Xcite from various heavy oil producers in the UKCS hence the poison pill share-holder rights adoption which is seen as a warning shot across the boughs of any predatory action that was rumoured to be in the offing. Xcite are going into production they are not interested in takeover the discovery is just too big and its known that they have ALL the help they need with the Bentley Alliance and BP in their corner! Fast-tracking their production.

Flow testing means only one thing and that is that news is about to break!

Get your alerts set 300p will be but a distant memory here over the next few days; targets are 400/500p your investments look like they are going to be considerably enhanced as they trend up on flow test news. The news IS positive! Big gains here over the next day or so!

Hola1

Daniel

Hope so as I'm in with a lot of stock....(well for me anyway)....but have also taken profits as it rises....

Sp rising......300p plus perhaps coming.....

Yep, the demand should grow now as I said earlier....... testing results are getting nearer and nearer.......

And demand is growing..... ;)

Think tfc should have held on a bit longer, nicely into 3+ now hope it holds.,.

Wonderful for trading spreads today...with these camel bumps !....