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

was just going to comment along those lines ..... sp has been slowly ticking up in the last week, though i don't think the volume has been exceptional

On way back down a little maybe a breather before next leg up

Its well undervalued at present price hence have it on alerts…….watching closely as dipped toe at £1.04p for a in an out profit.
Still holding in ISA

Hope your well Cynic

not too bad thanks dear boy ...... have been having a very good run, but made a few bad and silly calls in the last week ...... for sure should have stayed in HG+HC Index, even though i banked a very nice profit for the outlay ..... i always feel C+M Index should follow the same track, but it is annoyingly and currently disinclined to do so

Certainly XEL is one to watch

Some large volume last week, looks like ready to break intraday high recently of 110p and then is on a BREAKOUT

Has twice had a 50% retracement of the Intraday high and bounce again from that point

North Sea oil boosted by Ithaca’s Valiant takeover bid
1st Mar 2:53 pm
- See more at: http://www.directorstalk.com/#sthash.O7Gdxs2E.dpuf

110.375p +7.125p

Breaking the important 110p and now can fly

one lives in hope and indeed volume is about twice the 3 month norm ...... there's certainly a lot of PIs who have had their patience tested for far too long

results due 15th March.

Job done for today

My interpretation on the posible movement this morning

Slight sell off this morning but starting to move back up fast

Am not the best on chats but its past the £1.10p residence and climbing as i type, next residence i see about £1.35p....its in breakout for sure but how far.

menorca1 any thing on your chart front?

next steps

Is this a viable punt or yet another p&d?

SILLY question a BETTER answer

re - Is this a viable punt or yet another p&d?

It seems you are all over the place looking for TIPS, about time you do your own research, or maybe after all you are not good enough.

Sequestor - 07 Mar 2013 07:04 - 287 of 288
I see a ` well known` other site is down -again
lol

what a pillock, do go away

Squelched the prat

goodby trailer trash spanish island

lol

Users you currently have squelched

menorca1

answer ..............

...... Not good enough

re - go away
Go back were you belong or was not working over there?

It is now but is down again ( it lasted 20 sec. )

MJ (menorca) - please try to stay civil ...... as i have always said, your pix and comment are often if not usually interesting .... your personal abuse is both boorish and totally unnecessary

Indeed, the bloke is unworthy of comment, best squelshed

i've never squelched anyone ever and shall not start now; why should i succumb to that form of bullying? .... as/when MJ (aka MRSI and now menorca) gets seriously out of line, he gets chucked out by the management, at least for a few weeks

Up to you, I think he is trying to bully, doesn`t work with me, he`s a gonner and good riddance