Calm before the storm

Welcome To the Xcite Energy Limited HUB On AGORACOM

Edit this title from the Fast Facts Section

Reply New Message

Prev Message Back To Forum Threaded View Next Message

AndyK

Rank: President [?]

Points: 4330 [?]

Votes: 52 Score: 3.7 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Calm before the storm

posted on Apr 18, 2011 09:28AM

I turned on my computer early this morning to see if the reserves report was out, but only a news release on a drawdown of the SEDA.

Maybe the drawdown is only an indication that they are paying for the report with cash. I would hope that this is the case.

My expectation is that the share price will go up but not gangbusters like it did pre-drill results. Maybe we could reach 7.00, but the real action will be when the rig is in place and drilling the first of many.