Xcite Energy Ltd (XEL)

bobbyj_2

this share is looking superb, loads of buying late on at 72.5p. I think we'll see 100p next 2 weeks, then we could see massive upside as XEL discover just exactly how much oil they have :-))) happy days.

born_2b_mad_II

Yeap, I'm in on these.
Looking for a steady rise up to £1 in the next 2-4 weeks.
Once successful spud then heaven knows the limit, but I do think the earlier mentioned £14 is a bit to far.

I'm also in on ENEG (ENEGI OIL), not many of these shares available at present so the SP is a bit of a roller-coaster at present.
Another with a great potential for a very healthy rise on good drilling news (which is hopefully iminent).

bobbyj_2

Another huge profit today and should be alot more to come tomorrow.

bobbyj_2

this looks a really good trade now. Due to start drilling in the next few weeks and the chart is on the verge of breaking out. Allsorts of targets from 400p right upto 1400p, this may well be my trade of 2010.

Shatners_Bassoon

Yep XEL is really one to watch, I'm so tempted to pull all my RKH holdings out and plough it into XEL!

cashbackproblems

wow alot of ramping going on in here! Any particular reasons to buy?

Shatners_Bassoon

cashbackproblems wrote: »

wow alot of ramping going on in here! Any particular reasons to buy?

Yes, put simply XEL has already achieved it's oil discovery which is the Bentley field. It has now secured a rig and will be spudding in the next few days. The aim is to drill and flow test the find and also determine how many bbls (barrels) of oil are in the well. The estimates are somewhere in the region of 886 Million bbls!

It's quite feasible that anyone investing right now could see 17 times their initial investment and the chance of success of the flow test and upgrade is aimed at around 90% and will cement Xcite’s place as the third biggest independent producer company active in the UK North Sea in terms of reserves.

Read the RPS report for potential upside and as always DYOR (Do your own research)

Thanks

Phil

Jonbvn

Shatners_Bassoon wrote: »

Yes, put simply XEL has already achieved it's oil discovery which is the Bentley field. It has now secured a rig and will be spudding in the next few days. The aim is to drill and flow test the find and also determine how many bbls (barrels) of oil are in the well. The estimates are somewhere in the region of 886 Million bbls!

Read the RPS report for potential upside and as always DYOR (Do your own research)

And the downside risks????

Shatners_Bassoon

The downside is the same as any of the AIM shares and that is that they are high risk but high reward. The oil is there, the chance of the flow test being good are 90% if this fails then unfortunately it might be the end of XEL as they are at the moment a one trick pony!

CashStrappedTeen89

Im not sure if i should pull some out of another investment to put into this.
so SPUD is extected pretty soon, just going through iii to pick up some more info, i wished id of invested my money in this rather than DPL .