.

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 !....

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.