Two different posts showing below... that must confuse investors!

Xcite Energy Limited .. XEL

Post by: Vincent Investor

On April 27, 2012 XEL said per RNS Number : 1927C the following

Funding for Phase 1B work programme planned to be secured from

external sources and oil revenue.

2013: future costs of 360 million US$

2014: future costs of 316 million US$

The RAR assumes that funding is expected to include the RBLfacility

and net Bentley crude oil revenue in 2013 of approximately $50

million.

The RAR assumes that future oil revenues will fund the balance of

Phase 1B development expenditure in 2014.

In 2013 , 2014 XEL is not going to produce oil taking into account the

lead times for the well head platforms ( 12 - 18 months after signing

of the contract ) at this stage XEL has even not engaged in an tender for the NUI;

In 2013 , 2014 XEL is not going to produce oil taking into account the

lead times for the RIG, they need to take a formal decision for the

rig within 3 months, and the rig will then be available within 12 - 14 months.

XEL is great in PR , in casu projecting financing capex for 2013 and 2014 with oil they don’t have.

XEL today has funds of approximately 80 million US$ ( warrants, Esousa

loan + cash )

In 2013/2014 XEL needs 676 million US$ according to this RNS,

In 2013/2014 XEL needs 80 million US$ to repay loan and interests

In 2013/2014 SGA will be around 10 million US$.

XEL will have to demonstrate to DECC how they are going to fund the

missing 686 million US$

I have no problem that people just believe what’s told in a RNS is just going to happen.

But than they should not complain that they will be the only one's stuck with XEL shares

As already explained Institutions are only interested in XEL via placings at low levels, loan sharks are interested in XEL per cashless warrants or easy convertible loans at low SP levels, directors have cashless shares through the system of warrants, options, etc and at the end of the day everything is offloaded to private investors at high SP levels , which is reflected in the level of absence of institutional shareholders and the overwhelming presence of private investors.

The excellent PR exercise XEL has done in the past has been instrumental to this process.

Don’t cry when at the end of the day, You will remember this post!

Good luck to all of you

…………………………………..

Xcite Energy (XEL): 2012 Rising Trend Channel

November 21, 2012 | Filed under: AIM, Bullish,Stocks | Posted by: Secret Chartist

Xcite Energy (XEL): Support Above Former July Resistance

While it may be the case after the recent break down below the 200 day moving average of 101p for Xcite Energy many bulls are now tired of the idea of bottom fishing the stock, it could be argued that the current setup here with a higher low above 90p, and above previous July resistance in the mid-80s, we actually a very strong technical’s indeed.

The implication is that while there is no end of day close back below 85p we could be looking for at least a retest of late October resistance towards 105p plus helped along as well by bullish divergence in the RSI window between the late October / November lows.

The overall daily chart pattern while the floor of a rising 2012 price channel remains unbroken at 82p is a positive one, with the chance of a partial or even full retest of the September 135p plus resistance on for Q1 2013.

(sorry chart didn't come up)