.

agreed - kept my long term shares here but sold todays trade @ 194 - locked in small profit not huge but ok

if it hit sub 185 again prob another trade here today

long term more interested what will be revealed at agm - you could be right about the fr - either way will hang in here - at least they are not drill off the falklands!! thats worth 200p to xel on its own!!

false sells?

ROTFL!

seq - lol! this is very common you must know - where a buy is registered as a sell - very common practise - usually when a buy is achieved below the mid price - i know as have done this myself many times including today - if you are not aware of this then i am surprised - gl

gibby - you are of course absolutely right and there may even be a caveat to that effect on that page

It is crumbling. AVOID.

"Don't panic" buy buy buy

gibby
mam`s computer " guesses" whether its a buy or a sell depending which side of the
mid-price the trade shows up, there is no conspiracy-ask them.

Ther is no official buy/sell "registration", I thought you would have known that?

From mam help-----

It should be noted that all trade declarations made by the market do not include a buy or sell indicator and therefore we have to derive this information ourselves. The policy we have adopted is based on the mid price of the stock at the time of the declaration. For Example a trade declared at a price that is higher than the mid price at the time of declaration would be put in the buy column, a trade lower than the mid price would be put in the sell column. A trade which matches the mid price would be considered unknown. Please also note that the market can delay declaration of the trades for up to an hour in which case we will not make any assumptions and place that trade in UNknow column

I took some RKH shares off the shelf today to buy a few more of these as i think the price is far to cheap i hope am not wrong.

From iii

Listen up everyone.

I called Xcite Guilford office having not received a response to my e-mail.

I declared who I was to an American/Aussie sounding secretary. She siad she wold pass my call to Claire who takes care of investor relations.

Claires phone rang 4 or 5 times and she picked it up. I explained who I was and my concerns over the current SP and future of the business. Claire stated she was limited in what she was able to tell me and further explained that nobody else was available who could answer my questions.

A 10 minuted conversation has led to the following findings.

Mgt are currently working on a summary report (not a CPR) to explain the RR further and this will be published "sooner rather than later".

The directors "are extremely concerned" over the current SP and "surprised" at where we are so close to the beginning of the "ultimate goal Xcite was created to achieve."

She was not able to answer my question pertaining to management expectations - have they changed or not?

I said "let me rephrase that question" and asked "Is it likely that the report will further clarify managements expectations to shareholders?" She paused and said "yes". She DID NOT quantify if those expectations are up or down on previous but I think we can pretty much all take it to mean that the FSP for Bentley core was misunderstood and we are going to see significant upside to the current resources as the project develops. She agreed when I stated any fundraising at this level would be destructive and went on to say "management do not want this to happen."

We discussed the AGM where I joked with her about putting a tin hat on - She agreed and expects the AGM to be "interesting".

I feel better now and am swinging towards being confident in the respources remaining unchanged.

Hub is perhaps correct. Based on what Claire has revealed this could bounce quite sharply and soon. It does seems things have been hugely mis understood and shorted by the city who have taken great advantage of PI's who were looking for that big jump. It's been a self perpetuated fall.

Alll the best folks, I'M HOLDING AND RUDDY TIGHTLY TOO! Also looking at opening a small SB to take advantage of the fear on here.

Make of my call what you will but I am just as concerned as the next person. I'm curently 200k down across the accounts I control.

DiTra
--------------------------------------------------------------------------------

Marky the fact nobody else was available to answer questions speaks volumes.

I wouldn't put my faith on Claire.

i reckon 1653 may well prove to be accurate - we shall see

cynic they already have a standby facility of 100m in place to cover cost of first stage production.

in that case, AGM may see some recovery in sp

Claire de Loon?

The directors should be directing the company, ie a reassurance rns may help.

The directors would announce fund-raising next.

Numis Securities analyst Matthew Lambourne said the Bentley resource base is disappointing, as while the report credits Xcite with 28 million barrels of proven and probable reserves for the First Stage Production stage, a smaller-than-expected contingent resource base means the auditor estimates Bentley's size to be below both management's previous guidance and Numis's 160 million barrel estimate.

However, Xcite said all reserves and resources reported in the reserves assessment report only assume the use of conventional recovery techniques. The company said it believes enhanced oil recovery techniques, which will be assessed in due course, have the potential to increase recovery from the field.

Chief Executive Officer Richard Smith said: "This is an excellent outcome following the successful 9/3b-6 and 6Z wells. The reserve assessment report confirms management's belief in the commercial value of Bentley and its potential as one of the largest undeveloped fields in the U.K. sector of the North Sea."

The reserves update now allows the firm to proceed with First Stage Production and is a key milestone in its program to determine full field reserves, he added.

Lambourne said that after the U.K. government increased the oil and gas production supplementary charge, and before the resource update, Numis had estimated the Bentley development was profitable above $56 a barrel. However, with a smaller resource base and with similar heavy oil projects like Mariner and Bressay under review after the tax change, he believes the Bentley development carries more risk than conventional U.K. North Sea oil developments.

Lambourne's "buy" rating is currently under review, along with a target price.

No, just the usual nonsense at AGM`s and one thing for sure the right to snatch shares and options at vast discounts will be passed without a murmur.

Hope they have the windows open to let the heat and steam out ?