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Message: XEL research report

XEL research report

posted on Apr 21, 2010 08:50AM

Follow the link to download it:

http://www.zshare.net/download/75215586827594e4/

Here below is a paragraph that should captivate us all:

“An oilfield of this size is generally only found in the hands of an Exxon, a BP, a Shell or a Statoil. These giants of the industry would simply employ the very best drilling and engineering contractors and most likely succeed without much of a hitch. ‘So we have secured exactly the same team as a major oil company would,’ explains Cole. Xcite has created the ‘Bentley Alliance ’, a group of industry partners that will provide the services as well as potentially contributing to the equity/cash flow to take the oil field into an ‘early production system’ next year and to the full production that is expected in 2014.”

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