Xcite Energy Ltd (XEL)

Shatners_Bassoon

blinko wrote: »

im so glad i sold 75% at 314, they have clerly conducted flow test or know wether the well is commerical or not

i heard that the pipe broke due to pressure, but pressure from what...???

but i think its reasonable to assume they have completed the tests and know wether or not they are flowing


the additional we need to try other methods hardly sounds confident compared to pre flow testing "FSP and all that"

i wish i had sold all at 314 and my other top slice at 270, i now hold 10% and will probably add a short tomorrow aiming for 200p

BMR is a total dog f uk that pric k masoud alinki or whatever his name is, what na nazi bas trud i had no idea about his hisotry dodgy as hell

even caza slipped a little today !!??

GKP is slipping and CEY too sheesh, thank god my unit trusts still love me xxx

You sounds like a really nervy investor, sorry trader and are not looking at these long term at all, BMR and XEL both look very good long term imo.

Have you read the last couple of RNS's from XEL mate? They have NOT started the flow test and are still waiting for a weather window to perform. Yes the hose (NOT PIPE!!!!) is broken and they have a contingency plan in place (Plan B if you like) to try to flow a different way (maybe into the tote tanks).

It's up to you what you do with your shares but I think you will look back and regret any sale of XEL and BMR now.

uptomyeyeballs

Anyone who believes this Board of Directors are deliberately posting misleading RNS articles to defraud the market really shouldn't be investing in this share. They've had bad weather. They said in an earlier RNS that the flow test would take place 'weather permitting'. If they say they haven't done the flow test and have told the market so, then they haven't done the flow test! They may have done prep work and checked other things, but it may just be impossible in current conditions to conduct the test they want safely. If you are so suspicious that you think there's some kind of conspiracy going on, then get out and stay out. You wouldn't be shorting it down as well would you? :cool:

spike87

uptomyeyeballs wrote: »

Anyone who believes this Board of Directors are deliberately posting misleading RNS articles to defraud the market really shouldn't be investing in this share. They've had bad weather. They said in an earlier RNS that the flow test would take place 'weather permitting'. If they say they haven't done the flow test and have told the market so, then they haven't done the flow test! They may have done prep work and checked other things, but it may just be impossible in current conditions to conduct the test they want safely.

The first part of your message also applies to BMR. Blinko, don't give up on BMR yet. I got in quite high (6.5p) so am currently sitting on a loss but there's not a chance I'm selling. The last RNS states they are still working on the deal and it's expected to be completed after Christmas. There's so many people on forums talking the share down, frightening investors into selling. Don't fall for it!

Same for XEL, the slightest hint of a delay and the share price tanks. I've been watching from the sidelines for weeks and have a real positive feeling about them in the long run, even though I'm not invested (yet).

Shatners_Bassoon

uptomyeyeballs, one question for you about this

The hose/pipe rumour has been about for a few days now (way before this morning RNS which mentioned the hose) so under AIM rules the company must mention any price sensitive information like this setback. How does that show the BOD now? I am not deramping as I believe in XEL I just wondered about this and why they didn't let us know on Monday.

uptomyeyeballs

Shatners_Bassoon wrote: »

uptomyeyeballs, one question for you about this

The hose/pipe rumour has been about for a few days now (way before this morning RNS which mentioned the hose) so under AIM rules the company must mention any price sensitive information like this setback. How does that show the BOD now? I am not deramping as I believe in XEL I just wondered about this and why they didn't let us know on Monday.

My thoughts? I don't think a broken hose is price sensitive information, unless you are a very, very nervous investor. It may have resulted when the tanker first coupled, before flow tests had got started, due to very challenging weather. It wouldn't normally be the kind of information included in an RNS. The weather may be so bad that plan B for the flow test is the only one possible at the moment for safety reasons. That doesn't make the company fundamentally less sound, it just identifies how unsuitable some investors are for AIM oil stocks! How can a slight weather delay wipe £150m off a company's market capitalisation otherwise, when all the other signs are so positive you couldn't get to be more so!

blinko

XEL have clearly flow tested the well, there seems to be an excuse for not releasing information regarding flow tests

question is what cause a hose to malfunction ???
is it cause flows were over 3000bpd or was it because the flows are below commercial rate and they require additional equipment for a plan B

these are oil n gas BOd with years of experience i think they would've planned everything they have had more than enough time to and its not like you gert a 2nd chance on these things,

RNS's are old news generaly, someone somwhere knows before hand you have to read between the lines

why perform a flow test in the middle of winter when weather is poor
why are there excuses.....
maybe they are waiting to release the information over xmas and giv everyone a merry xmas
i appalud the board for giving decent news updates

but it does stink a bit

BMR is awful

masoud alinki is dodgy as hell just look at cape diamonds, and look at the accounts who the hell are dorset solutions ltd ??? they got 1.4m this year what for ????

they are switserland based outfit, i found a uk based dorset solutions that was disolved in 2009 ??
the dumps were 3-4 weeks away and then a delay and now another delay
and who the hell holds an AGM on the last friday before xmas eve !!!

if your in BMR wait till the rumours fly around again next year for an exit point, but get out if you are you in a good position its got the dodgiest chairman ever

how can the accounts have so many liabuilities for a company that isnt trading or revenue generating !!!

XEL will slip down to £2 a share i reckon with a increase on Friday

blinko

Shatners_Bassoon wrote: »

You sounds like a really nervy investor, sorry trader and are not looking at these long term at all, BMR and XEL both look very good long term imo.

Have you read the last couple of RNS's from XEL mate? They have NOT started the flow test and are still waiting for a weather window to perform. Yes the hose (NOT PIPE!!!!) is broken and they have a contingency plan in place (Plan B if you like) to try to flow a different way (maybe into the tote tanks).

It's up to you what you do with your shares but I think you will look back and regret any sale of XEL and BMR now.

BMR does not good long term, if they dont get the dumps they ahve nothing

there are much better shares out there eg angel mining that are revenue generating
Caza revenue generating they ahve something to support there share price

BMR is a total punt on one of the dodgyiest directors around look at what happended at cape diamonds and his other companies he is blatent a fraudster, even teh RNS's are dodgy when it comes to the use of english

there are better opportuntiesi out there

IMHO wait and hold till the next set of rumours around Q2 next year say and then exit on a spike dont wait for the dumps to come in if they come in, this isnt a company with honest intentions

uptomyeyeballs

blinko wrote: »

XEL have clearly flow tested the well, there seems to be an excuse for not releasing information regarding flow tests

question is what cause a hose to malfunction ???
is it cause flows were over 3000bpd or was it because the flows are below commercial rate and they require additional equipment for a plan B

these are oil n gas BOd with years of experience i think they would've planned everything they have had more than enough time to and its not like you gert a 2nd chance on these things,

RNS's are old news generaly, someone somwhere knows before hand you have to read between the lines

why perform a flow test in the middle of winter when weather is poor
why are there excuses.....
maybe they are waiting to release the information over xmas and giv everyone a merry xmas
i appalud the board for giving decent news updates

but it does stink a bit

So, you're basically saying that the BOD have deliberately defrauded the market by saying they haven't done a flow test when they really have? Isn't that highly illegal? Reading between the lines isn't the same as just making things up you know.

In reality, it is already known that the oil flows from the well, but the flow test they are trying for is an optimised one, not one where you just connect a hose and oil comes out of the other end. It's about optimising pump speeds, filters and tweaking to get the highest sustainable flow rate. Why don't you leave it to the experts, rather than guessing? They are far more qualified than you or I.

Shatners_Bassoon

Exactly, Blinko making assumptions about Masoud too is pretty worrying, I'm hoping to attend the AGM tomorrow on park lane so will be good to make my own mind up!

BMR on the rise now again,

XEL is holding much stronger after the last few days negativity and let's hope the BOD can deliver the flow rates we need and that even with plan B in place they can still be market pleasing!

sabretoothtigger

They found oil already right, so theres a base worth to this company now.

200p marks the 50% level between highs and august lows. It can go as low as 167 and qualify as a positive moving share still.
I dont know or feel like I know much about this company but I'd make a much greater effort if it approached the 180 to 190 area as this also marks the uptrend going all the way back to march (ie. if you had projected forward then what the price would be now)

The really good prices only exist for short periods of time usually and you realise it later. Time will tell

volume also rises in 180 area also though it already good in 230 area so might not drop further I guess
http://img690.imageshack.us/img690/4761/scr8267025.jpg


[my first comment on this thread, the price was 109p ]