Trading the stockmarket (NO Referrals)

[ScottehBotteh]

Fantastic news for XEL this morning.

RNS : -

The Company announces that the flow test of the 9/3b-6z horizontal well on the Bentley field has been successfully completed.



The flow rates achieved demonstrate both the commerciality of the Bentley field and the reservoir properties to be above the upper end of modelled expectations.



Key flow test results were:



· Total flow test of 36 hours including clean-up of 9 hours, with cumulative production to tote tanks of over 2,000 barrels.



· Multi-rate flow tests were conducted, culminating in a final stabilised flow rate of 2,900 stock tank barrels of oil per day.





Richard Smith, Chief Executive Officer of Xcite Energy, commented:

"This is an outstanding outcome for the Xcite team and for the industry contractors to deliver this successful well test on Bentley. This flow test fully demonstrates the commercial potential of the Bentley field and the long-held belief that Xcite has maintained in this major North Sea asset. We now move on to the first stage production planned for 2011 with an excellent platform."



Broker upgraded from 247p to 600p already

Live price 380p

 

[gord]

Commodities dominate AIM winners list

Looks like I picked a good 'un

You're all banned from posting about this.

 

[aardvark]

incredible that xel isn't higher - i'm in since 88p and holding fast - plenty of up side here.

 

[silversurfer]

I saw that, was up 22% . 3000 barrels per day flow is pretty good. market cap 611m, is 3000 all theres

http://moneyam.uk-wire.com/cgi-bin/articles/201012210700083389Y.html


Also a nice recovery from a possible breakdown for GKP and HDY

 

[Oh Ed not again.]

MVC having a romper today, if this does a CNR I'll pee my pants with glee.

 

[gizmoy2k]

^ me too, I got in yesterday, not much but enough!

 

[pull2808]

What's the prospects on MVC?? Not read a lot about it but you guys are good at finding the little gems.

 

[Oh Ed not again.]

^ me too, I got in yesterday, not much but enough!

I've only got a small holding in MVC, as it was one of the shares I used to spread my risk about with but if it does a CNR then it won't matter too much!

What's the prospects on MVC?? Not read a lot about it but you guys are good at finding the little gems.

Have a read of this.

Should give you an idea.

 

[pull2808]

Cheers, will have a read of that later on

Always here company names flying around that look ok but never know the right places to dig in and do some research.

 

[silversurfer]

Iraqi Lawmakers Approve New Government

http://www.youtube.com/watch?v=iR9R4NfgFj8

Gulf Keystone Petroleum Share Price (GKP)
187.25 +14.00 (+8.08%) live: 5:29PM GMT
Bid price 	187.00 	Open price 	173.50
Ask price 	187.25 	Prev close 	187.25
High price 	188.82 	Spread 	0.13%
Low price 	173.50 	Volume 	7,228,389

 

[Beansprout]

XEL, CNR and OTC are my recent additions....grabbed XEL at 224p a few days ago and CNR at 7.8p so very late to the party...I first saw it around March time @0.4!

Steering clear of BMR until they're able to sign something, and OTC is a punt. Seems to be being talked about more over the past couple of days which is good to see (I bought last week).

And still holding RKH steady, can't wait for Jan/Feb

 

[Morgoth]

OTC is a great little share, 40% up since I first invested a few months ago.

 

[Oh Ed not again.]

Holding OTC here as well, although yet to realise any profit from them. Looking forward to the next few months.

 

[JAYJT29]

Been in XEL since 73p and im holding onto them, also in OTC worth a punt

Jay

 

[aardvark]

also in otc - have been for a year - i'm getting dangerously close to breaking even!

 

[Oh Ed not again.]

/Sorry gord

CNR just took off again. High of 9.35p, sitting at 9.1p atm.

We wish you a merry Christmas, we wish you a merry Christmas, we wish you a merry Christmas and a JORC by the end of the year!

/Sorry gord

 

[Bes]

CNR at 9.6p and the buys are still coming in!

 

[Oh Ed not again.]

Bes - what do you reckon the chances of a Christmas Eve JORC RNS are? I think this would have gone higher if there was a leak, this has to be hype driving this on at the moment. Ooo, 9.65p.

 

[booyaka]

CNR at 9.6p and the buys are still coming in!

Nice - just finished the pre-christmas run around and nice to see 9.65 now!!!

Tasty 270% profit on CNR so far!

 

[Oh Ed not again.]

If I'd left my money in originally I'd be looking at near as damn a 4 bagger, ah well. Nothing like hindsight eh?

edit - 16.27% boiiiiiiiiing.