Xcite Energy Ltd (XEL)

blinko

Shatners_Bassoon wrote: »

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!

I tink its obvious flow tests have been conduicted again what pressure would cause a hose to malfunction ??? it seems like the BOD is buying time but for what reason.....
I'm invested only to the tune of £1500 after selling at 314 and 276, so still have an interest but to be honest flow tests are almost a month late and how much is going to get done over christmas and newyear ???

Masoud Alihanki is dodgy as hell !!!

Assumptions !! what did your research on him yield ?
how about Dominion Energy another one of his companies and Tecteon is now Berkeley Mineral Resources.

How on earth does a company fail to file accounts ???

regardless of BMR's prospects Masoud is dodgy and has a history of being dodgy should bare this in mind, this is a share to be traded not held ! GL

uptomyeyeballs

blinko wrote: »

I tink its obvious flow tests have been conduicted again what pressure would cause a hose to malfunction ??? it seems like the BOD is buying time but for what reason.....
I'm invested only to the tune of £1500 after selling at 314 and 276, so still have an interest but to be honest flow tests are almost a month late and how much is going to get done over christmas and newyear ???

Why is it obvious? You are merely guessing. The BOD are trying to get a flow test done that will satisfy them that their future investment plans will be sound, and that their company will move forward. What is wrong with that? Why are you in this share at all if you don't believe in the company? Quick buck? What price did you buy at?

You certainly don't sound as though you'll be around at production time next year.

sabretoothtigger

Any of you watching FAROE PETROLEUM ?
fpm looks much closer to a possible rise to me

Last month, Scottish and Southern Energy paid around £18m for a 5.1% stake in Faroe, which has assets off the eponymous islands and in UK and Norwegian waters.

^^ That works out about 1.66p a share

Shatners_Bassoon

Oooh spooky just as you say that XEL get a great RNS saying that the LOI has been renegotiated and they have untill Jan 15th to sign the contract for the Rown jackup fsp rig otherwise it's a 4 million dollar penalty, now that's confidence for you!!!

SP is now on the rise due to this great news and great BOD. You have to believe in these guys, they will make Bentley a production field.

uptomyeyeballs

I had a limit order outstanding which triggered yesterday at my basement price of 230p, with the result that I increased my shareholding by 26%. My average price is now 61p per share. Timing is everything! :rotfl:

blinko

Shatners_Bassoon wrote: »

Oooh spooky just as you say that XEL get a great RNS saying that the LOI has been renegotiated and they have untill Jan 15th to sign the contract for the Rown jackup fsp rig otherwise it's a 4 million dollar penalty, now that's confidence for you!!!

SP is now on the rise due to this great news and great BOD. You have to believe in these guys, they will make Bentley a production field.

also note the underlying tone, before they were bullish on production of bently and all that now theres no mention of such

they are clearly buying time but for what reason.....

the underlying tone though isnt as bullish as pre flow testing

i think they performed the flow test didnt get the results using one method and have decided to try another method,

so many people have so much riding on the flow tests i really hope they dont lose out im looking for an exit point and quite happy to take a loss

if you were in from 61p i fully recommend you bank profit 400% what are you waiting for if the flow tests tank this is 150p if your lucky

uptomyeyeballs

blinko wrote: »

if you were in from 61p i fully recommend you bank profit 400% what are you waiting for if the flow tests tank this is 150p if your lucky

Read again. I didn't say i'd been in from 61p, I said my average price is now 61p. I had derisked my entire original investment (average price of my holding was therefore £0), but added 26% more to my holding yesterday at 230p as I believed the stock was oversold by 30-40p. It seems I was right.

I'll ask you again. If you believe what you say, why are you still in?

"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"

The above from Blinko in post #275 tells it's own story. His only hope on his holding in the short term is a loss down to his shorted price!

blinko

i sold out this avro, and didnt place a short as the price remained upward from the start

anyway if i was you i would bank some profit, no one ever became poor by taking a profit

and it should also be noted as time increases so does the risk ! and the flow test is already coming close to a montjh overdue, and seeing as very little will happen over xmas and new years eve......

meanwhile expect a further drawdown on the SEDA and additional dilution in the short term,

Shatners_Bassoon

Read his posts Blinko f f s! He's banked and top sliced already and he's effectively on a free ride now apart from the extra shares he bought yesterday at 230p. I agree with uptomyeyes here if you don't believe in XEL and BMR then sell up and stop whining about their BOD being con artists.

Come back in here when they have still risen 200% from their current SP's and let us know how bitter that pill is!

Good luck with the shorts! I'll go with some long johns!

blinko

Shatners_Bassoon wrote: »

Read his posts Blinko f f s! He's banked and top sliced already and he's effectively on a free ride now apart from the extra shares he bought yesterday at 230p. I agree with uptomyeyes here if you don't believe in XEL and BMR then sell up and stop whining about their BOD being con artists.

Come back in here when they have still risen 200% from their current SP's and let us know how bitter that pill is!

Good luck with the shorts! I'll go with some long johns!

where did he say he banked, he said he derisked his entire investment

anyway who cares, you have flow tests to worry about and kabwe mine dumps