Xcite Energy - still no Rowan Norway rig RNS!

The deadline for the Rowan Norway jack up rig is here but no RNS so far!

As a reminder:

4 January 2011

Xcite Energy Limited

("Xcite Energy" or the "Company")

Extension of Letter of Intent for "Rowan Norway" N-Class Jack-up Rig

Xcite Energy announces that its 100% subsidiary, Xcite Energy Resources Limited ("XER"), has entered into an extension to the binding letter of intent ("LOI") with British American Offshore Limited("BAOL"), part of Rowan Companies, Inc. for the N-Class "Rowan Norway" jack-up rig.

The LOI has been extended by mutual consent to 31^st January 2011 with no amendment to the existing termination fee payable by XER in the event it does not enter into a definitive agreement by this date.

If they were extending negotiations I would have thought we would have an RNS by now. Issuing an RNS saying "we have extended by an additional 7 weeks day blah. blah. in order to finalise detailed elements of the contract.". It doesn't smack of the Xcite board of directors that we know. The longer the wait, the more intriguing it gets! Maybe the directors have taken a well deserved break in the Caribbean with their share sale profits and they forgot to tell the PR to send the RNS out??!!!