.

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 !....

Buy buy buy..

Perhaps you are right BB . Perhaps you are right mon ami . . But what price payeth a man for peace of mind and a sound sleep ? Considering i have banked a tad shy of 10k from the two tranches l bought virtually blindly without an iota of research @ 222p ( sold the lot @ 252p) and then bought again @ 242p ( sold approx 40% @ 282p) and still have 9,000 in play i cannot complain BB ......lm a % player . Always have been / was the way in which i was taught ...... XEL starting to remind me of the heady early days of DNZ ( Dana )

understood tfc, my pot is only big enough to pee in at the mo, but it is growing. Where as you have been in this game i suspect longer than i and have said on another thread you've had a nice bit of luck in the past. So where your gains are in the 000's mine are mostly in the 00's so slowly slowly catchy money.,.

will most likely see a drop in the morning as i dont expect we will see an rns on the flow rates until the early part of next week. Top sliced some of my shares before close of play hoping i can get back in tomorrow before the eruption next week. I hope.

not necessarily, unless USA dips sharply in last hour of trading ..... that said, i took some money off the table elsewhere shortly before london close, but that was primarily because i shall be flying for most of tomorrow

Shares surged in Canada at close, should open in the morning at around 320p levels.

Told you more demand Friday.....

Will be even more on Monday.......

Well...I took some more profits yesterday....should not of...by the look of things....

in their determination this past few weeks to balance their respective books reg. XEL mms are now finding themselves desperately short and paying through the nose for stock to re-sell on at a profit ....@ 8-20 until 8-30 mms raised s/p 10p to 330p to flush out sellers in order to placate an insatiable appetite for this stock /.........makes you wonder how much they will need to raise the bar when the real herd start piling in . .......this could fly today let alone on monday or well testing results are in public domain ............350p today anyone ??

This is very conditional on a very good flow....market cap 450 million......hence some profit taking by myself....I have almost a free ride on my remaining shares....

Danny Boy is Xcited again...

http://brokermandaniel.com/2010/12/03/xcite-update-confucius/

Xcite Update. Confucius?
Posted by Brokerman in oil on December 3, 2010

Confucius speaks to Daniel

Goodness me theres an awful lot of emails in the in-tray some are asking for flow rates and such forth it is practically impossible to give them out other than to say that news is expected to be positive.

As for those who continually post abuse via the comments section your IPs have been noted and action may be taken. Some of the lesser human beings that inhabit the shadowy world of the internet and post quite literally disgusting abuse think that they are immune from detection, abuse has ranged from threats to kill to quite disturbing homophobia,racism,foul language and down right despicable references wishing for my children to die of cancer(By the way I dont have any children but thats not the point!)this is coming from 5/6 different IPs. So be warned in light of the recent court action taken by several oil companies this Blog will if it persists take action on these few individuals. Because we here are not short of a few bob!

Back to Xcite well its been a terrific ride here over the last few months especially the last two big spikes (foretold here). Theres a plethora of doubt still out there re flow test results but ask yourself this question just what are the riggers and crews doing right now at this minute? They are certainly not having a cup of tea!

The company informed the market that flow-testing would begin in early december we are in early december. The company contracted Knutsen tankers for the off-load Knutsen tankers are in the area the company told us they would be fast tracking production they have increased capital via drawdowns etc for the financing of the fast tracking. It does not take a Confucian genius to put the news together and come up with an answer. The share price is trending up because the Xcite planets are coming into alignment not because of a blog post! news is being sought from every corner of the market the watchers are on this one. It is up to each individual investor to research their investment we here do not give out buy or sell advice what we say is that Xcite are a very good company well-managed well-financed and very well partnered up with some of the worlds leading oil/technologically advanced companys.

A 400/500p price is probably on the low side over the short-term (thats 12 months in market speak not 2 days!) but nothing is ever what it seems. Take Arbuthnots broker target that has been smashed (as foretold) it really is up in the air they could just as easily double in a day depending on sentiment and good news.

So its eyes down here for Monday! News will break its already leaking!

Good Luck

Daniel

News today.

Oil & Gas News:

JP Morgan have said that oil prices will increase to USD 120 by the end of 2012 due to strong growth in demand from emerging markets. JP Morgan have also increased their 2011 price forecast for WTI Crude oil by 3.6% to USD 93.

http://www.proactiveinvestors.co.uk/companies/news/23650/xcite-energy-shares-advance-further-as-investors-await-crucial-bentley-flow-test-23650.html


Xcite Energy shares advance further as investors await crucial Bentley flow test
Friday, December 03, 2010 by Jamie Ashcroft

Today Xcite shares hit an all time high, while this time last year they were changing hands at just 40 pence

Just look at any basic chart to see how far Xcite Energy (LON:XEL, TSX-V:XEL) and the Bentley oilfield have come in the past year.

Today the stock advanced around 23 pence, or 10 percent, to hit yet another new high at 333 pence.

Investors are positioning themselves ahead of crucial flow test results from the Bentley heavy oil field in the North Sea.

Xcite recently completed the horizontal section of the well and flow testing was expected to get underway in the first week of December.

The Xcite share price has been through a staggering transformation in 2010, which will have seen some plucky investors doubling their money several times over.

This time last year Xcite shares were changing hands at around 40 pence.

Xcite shares finally broke through the 300 pence level yesterday, after testing it a few weeks ago in mid-November.

On Thursday, the stock rose from the previous close of 282.75 pence to end the session at 309.7, a 9.5 percent gain.

This marks a three-fold increase since October, after the initial drill results from the vertical section of the high profile appraisal well impressed.

In the vertical section the oil column was around 40 foot thicker than expected, with 113 feet of oil in a high quality Dornoch reservoir. The oil column had 100% of oil net-to-gross, and the well also confirmed the oil/water contact at 3,729 feet.

This is a significant outcome as it justifies the placement of the horizontal well, finance director Rupert Cole told Proactive Investors in October.

Cole highlighted that the pilot results confirm that the horizontal flow test will assess a good part of the reservoir.

The stock was then boosted further through November, as work progressed and Xcite reached target depth in the horizontal section of the well in early November.

On 8 November, Xcite told investors that it has successfully tracked the top of the oil reservoir, and the well provides over 1,800 feet of gross reservoir.

Ultimately the wells outcome is likely to be pivotal for Xcite. Investors and analysts alike are eagerly awaiting the upcoming flow test.

Last month Arbuthnot analyst Dougie Youngson commented: The drilling results so far have been extremely encouraging; we highlight that both the vertical and horizontal wells have shown that the reservoir is thicker, which increases the prospect that the oil in place will be towards the high case scenario, Youngson added.

The data collected so far, as well as the flow rate data, will be used to update the reservoir model and this will provide the basis for scoping any future development.

Lots of chunky buys around today, suggestive that, as has been said, more is known that is officially released as known within the inner circles.......

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