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Message: XEL in Canaccord again today

XEL in Canaccord again today

posted on Apr 07, 2010 09:11AM

XCITE ENERGY (V-XEL) $0.81 -0.02

To us this is shortly becoming one of the stories of the

day as they spud their Bentley play in the next 60 days.

And we also wonder if management hasn’t been much too

shy about getting their story told.

Much of the management team has been together for 5-

7 years, and yet try and find anyone who has heard of a

play with somewhere between 400 and 700 million barrels

and a hope for/expected 100-200 million barrels recoverable

(this is heavy oil but hey when it’s this big…) this

means this is probably one of the biggest undeveloped

stories in the North Sea and yet no one seems to have

heard about it.

So far management only has attracted the attention of

one small brokerage house in Britain and one small brokerage

house in Canada. Come on guys, don’t be shy, tell

your story!

Meanwhile there is one article out there, that has been

posted on the bull boards, or e-mail Debbie @ debbie_

lewis@canaccord.ca, thank you Keith Schaefer.

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