Xcite Energy Forum

nice to see 66 has held today, possibly the floor?

are we in a closed period? why no bod buying taking place - they should average down like the rest of us have to!

can i be the first to say " i wouldnt want to be in this over the weekend "

think it looks like 66p is the floor? now then do i temp a buy or not - may go lower, may not - decisions decisions!

65p come to bully...

who did we employ to help with a f/o again??

who made that informed call i wonder!

Xcite Energy announces that its 100% subsidiary, Xcite Energy Resources Limited ("XER"), has cancelled its option for a jack-up drilling unit from British American Offshore Limited, a subsidiary of Rowan Companies, Inc. The rig contract was initially entered into in February 2011 and subsequently amended in February 2012 ahead of the pre-production extended well test on the Bentley field, which was completed in September 2012.

what a joke!

XER has been in constructive dialogue with other drilling rig providers to develop alternative commercial solutions, which potentially would deliver better strategic alignment and fit for purpose structures to reflect the amended Bentley field development programme. Consequently, Expressions of Interest have now been issued to a number of drilling rig providers to formally develop an optimised drilling solution for the Bentley field.