results next week??, page-16

firminator -

Re Celebratory Dinner.....

I remember joining Xcite Energy (XEL.L) punters for a celebratory dinner and whisky tasting at the Boisdale in London in January 2011…….

This was on the back of Xcite Energy hitting £4.00 around Christmas 2010 - January 2011.

One astute female punter present at the party had bought XEL during 2009 at £0.04p!!......

See chart of XEL (below) against DOW Jones Industrial Average

http://www.iii.co.uk/investment/det...ator4=&chartwidth=500&buylines=on&triggers=on

Unlike the lady above I had only bought into XEL some 6 months earlier at £0.60p - having watched tentatively from late 2009 as XEL had climbed from £0.10p !!!!!!!!

Do you think I had been Too Cautious ??.............

Luckily for me I sold out in January 2011 at £3.60p and £3.18p. - intending to buy back into XEL for more shares on the retrace ….

And retrace it has done all the way down to circa £0.42 - £0.38 (October 2014) despite now having 909MMstb in-place and 257 MMstb of declared 2P oil reserves.…….

http://www.xcite-energy.com/ http://www.xcite-energy.com/media/image-library

Xcite Energy holds and operates 100% of the Bentley field located in Block 9/3b (Licence P1078), one of the largest undeveloped fields in the North Sea, containing some 909MMstb in-place of 10°-12° API heavy oil…………..

And I STILL haven’t bought back in !!....

I Might look again with some of my SEG profits (LOL) !!....

My message to SEGSTERS would be – just remember to at least take some of your SEG profits when the time comes!!.……..

Remember to take SOME money off the table to avoid the sort of disappointment - reported on the XEL bulletin boards>>>>>>>

https://www.iii.co.uk/investment/detail?display=discussion&code=cotn:XEL.L


GLTA - Oilf