Analysis and interpretation of this data will now commence, with the intention to update the information in the February 2009 Competent Persons Report potentially enabling a reserves report to be issued in due course."
In addition news was also released that the directors & other staff had been issued with additional share options priced at 370p and exercisable over the next 5 years.
The imminent release of the CPR (Competent Persons Report) is the key piece of news and it is reassuring that it will be available shortly with a potential substantial reserves upgrade. Should be a good day for Xcite shares today!
Here is a Proactive Investors article on Xcite, based on this morning's RNS.
ReplyDelete>>>
Xcite successfully suspends well 9/3b-6z as it begins assessing data
Tuesday, January 04, 2011 by Ian Lyall
http://www.proactiveinvestors.co.uk/companies/news/24307/xcite-successfully-suspends-well-93b-6z-as-it-begins-assessing-data-24307.html
And they ran a cheeky test afterwards which none of the iii mafioso knew about until this morning.
ReplyDeleteClassy. I love XEL.