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.