This is my favorite part:

In a recent interview with Proactive investors chief financial officer Rupert Cole confirmed that the Bentley oil field has 3 value creation points with major announcements due in late October or early November. Xcite Energy has BP as a significant partner and stated their arrangements are not under threat despite BP’s current issues. Cole expanded on the early production system of 15,000 bopd ramping up to 60,000 - 80,000 bopd in future years.

That kind of information will make this SP zoom when the reality of it hits the market. XEL is seriously undervalued, should be more like 2.60 in my opinion.