Xcite Energy outlines the Bentley North sea oil field as a "two billion dollar asset prize"

Rupert Cole confirms that the Bentley North Sea oil field has 3 value creation points with major announcements due in late October or early November. Xcite Energy has BP as a significant partner in the field but says their arrangements are not under threat despite BP's current issues. With a share price around 60p Cole says the Bentley field assets are significantly undervalued. Cole expands on the early production system of 15,000 bopd ramping up to 60,000 - 80,000 bopd in future years.

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[Anonymous007Agent]

@jimbosix Well said. Fantastic company and amazing BOD - i'll be holding for a long while yet indeed.

[jimbosix]

Bentley flowtest results were outstanding :) Xcite have a fantastic BOD and topclass alliance partners, Superb effort from a top company

Bring on 2011, caching £