.

why the excitement?

Does not take much at my age cynic even less for RF, he is in and out the hole time.Bought a few this morning will carry on holding them as we may get news on monday of rig on the move.

FOX Daviews Views from the Trading Floor - 23rd February 2012

Against the backdrop of a shaky market, Xcite Energy (LON:XEL) were in fine form once again, pushing another 7% higher to 141p. Holders here are waiting for an update regarding the rig, and they seem to be happy to back the story down at these levels. The 120p to 140p levels have proven to be decent lines of support over the last year or so, and the 200p level has been a stubborn resistance to break recently.

Not a word about the continued ( and possibly continuing) overhang from the fund raising?

sincerely hope you are therefore short of these

Steady buying this morning,ticking up.....on the move

Comment from IC:
----------------------------
COMPANIES TO WATCH
The benefits of EOR and CCS are likely to take many years to realise, but some North Sea operators are looking for much faster returns:

Xcite Energy (XEL)

Xcite is appraising and developing the 100 per cent-owned Bentley heavy oil field, one of the largest undeveloped heavy oil fields in the UK. The proven and probable (2P) reserves in the core area of the field have been independently upgraded to a substantial 116m barrels, with a post-tax net present value of $1.464bn (£0.9bn). Applying the latest horizontal drilling technology allowed Xcite to achieve a stabilised flow rate of 2,900 barrels per day, well above the threshold needed for commerciality. The next phase of drilling is starting soon and will test the extent to which water can maintain reservoir pressure, and therefore how much oil can be produced from the field. Significantly, production from this 'extended well test' will also provide Xcite's first production, which the company will use to secure finance and governmental approval for the second phase of development. Xcite is also evaluating the potential to use enhanced oil recovery techniques on the Bentley field.

Rig move Sunday confirmed

Subject: Planned Large Vessel Movement Sunday 26th February 2012
Please be advised that the River Tay Navigation Channels will be closed [outwith planned movements] to allow safe navigation of a Large Vessel Movement of the departing Jack-up Rig ROWAN NORWAY on SUNDAY 26th FEBRUARY 2012 from 11:30 hrs until 19:30hrs from the PRINCE CHARLES WHARF to the Fairway Buoy with 5 tugs.
All vessels are requested and required to keep well clear (minimum 200 metres) and must not impede or endanger the planned passage.
Note - this operation will be subject to the prevailing weather conditions

nice one grevis...:))

Well the tugs haven't gone out on the morning tide and high tide pm is 17:24 and they're still in harbour.,.

no go today now. I bet they will not risk moving a thing that size in the dark.
Someone said they will have to see 2 nautical miles, would not think so in the dark.
Better not hit the sp. :-))

Update on Sunday, February 26, 2012 at 4:48PM by Contrarian Investor UK
Tugs back at berth. Talk of cancellation today due to insurance risk. High tide is 5.30 so awaiting confirmation. Next high tide tomorrow night at 6pm or 6.23 am on Tuesday. Weather looks breezy all week.

Tugs still in port.,.

Need a new insurance company, compare the meerKat .com :-))

Need a new insurance company, compare the meerKat .com :-))

meerkat website is shite, it's sooo slow!!

Tugs still in dock.

You get £30 for your meerkats on ebay.....I bet RF could do with a tug been single...

;)

Insurance from Tesco is great. Mine reduced by 35% this year.

plus all those card points!!.,.