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Xcite Energy - North Sea Heavy Oil (XEL)     

Proselenes - 22 Oct 2009 11:14

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Balerboy - 14 Dec 2010 13:38 - 892 of 3002

phew.... will take with pinch of salt for now...my buy at 242 lookin good.,.

required field - 14 Dec 2010 14:29 - 893 of 3002

2000 cubic what ? feet ?..or meters ?....if this is anything to go by....the flow test is on going....and it has flowed oil.....the company seems pretty confident of developing this bentley prospect...they talk about first stage and all that so we might have a success here.....might be pretty close to being declared commercial...if we can go by the Betty blog...

Balerboy - 14 Dec 2010 19:17 - 894 of 3002

The LOI anticipates that XER and BAOL will enter into a definitive agreement ("Agreement") for the rig by 15 December 2010, following which the Rowan Norway is expected to be available to commence the first stage production ("FSP") on the Bentley field in the fourth quarter of 2011. The LOI provides for a termination fee of US$2.5 million payable by XER in the event it does not enter into the Agreement by this date. The initial commitment period of 240 days will facilitate the drilling of up to six wells on the Bentley field as part of the anticipated three year FSP.

could be interesting tomorrow.,.

Balerboy - 15 Dec 2010 07:53 - 895 of 3002

could be a while for test to take place if weather is bad, no rns about Rowan Norway, perhaps later today.

required field - 15 Dec 2010 07:58 - 896 of 3002

A delay.....anyway we shall wait....no problem......

hlyeo98 - 15 Dec 2010 08:13 - 897 of 3002

Bought in at 230p

required field - 15 Dec 2010 08:15 - 898 of 3002

Well done hyle98.....too slow myself...was back to 245 before I could do anything...

TheFrenchConnection - 15 Dec 2010 09:59 - 899 of 3002

et voila .......c'est chateau Latour ou vinaigre maintenant ...pur et simple ......mms loving every minute of this unfortunate delay

required field - 15 Dec 2010 12:00 - 900 of 3002

I wish they would get on with it.....if it goes pear shaped .....heavens forbid : I will be back to square one......a goodflow and we all benefit.....never thought it would be so low just before this crucial test.....

WEAZEL - 15 Dec 2010 14:13 - 901 of 3002

MM's creaming this, holding my nerve this drop is well overdone on available info

Balerboy - 15 Dec 2010 14:28 - 902 of 3002

all very red on my watch list, miners and oilies. still no news on rig contract.,.

required field - 15 Dec 2010 14:43 - 903 of 3002

Topped up again.....just ridiculous now.....into the 220's now.....105p drop from the top.....

required field - 15 Dec 2010 14:46 - 904 of 3002

This now leaves room for an incredible upsurge in the event of a good flow test.....potential to double from here......may the gods be with us....

markymar - 15 Dec 2010 16:16 - 905 of 3002

Going to top up 6,511 shares as i think there is plenty of upside

DD5 - 15 Dec 2010 16:19 - 906 of 3002

In at 2.22! Good luck everyone!

halifax - 15 Dec 2010 16:21 - 907 of 3002

well done you caught the falling knife, hope you won't have bloody hands.

markymar - 15 Dec 2010 16:24 - 908 of 3002

Must of gone through on the plus market at 2.27p........bargain if all goes well with flow test which it should if we get the weather window needed.

chav - 15 Dec 2010 16:41 - 909 of 3002

Is there not an issue over the Rig contract running out around now?

markymar - 16 Dec 2010 08:35 - 910 of 3002

U could be correct Chav but not sure what the crack is, Hopefully caught this at the bottom yesterday, nice to see it up today, spikes on them clogs this morning.

chav - 16 Dec 2010 08:40 - 911 of 3002

Morning Marky...saving my spikes for Saturday!

I've not got any of these but hope it heads back North for you all.
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