Slightly embarrassing episode. Seems as if the auditors Bodgit and Scarper LLP havve not done their job but its nothing. However in the bollax AIM land that we have to contend it was worth a 4% drop on opening.
Courtesy of the front page of today's edition of the Aberdeen Press and Journal.
Xcite attended a meeting in Aberdeen yesterday held by representatives of a French delegation 'The Chemical EOR Alliance', which have developed a new combination of compounds which could help unlock up to 1.2 billion barrels from the UKCS.
Apparently DECC supplied the delegation with, 'data from a number of fields in the UK which would be good candidates for the technology'.
Statoil, BP, Talisman Sinopec, Shell, Enquest, Total, Taqa and Chevron were also in attendance.
Good to see XEL's profile is being raised and no doubt there would have been a fair bit of discussion (perhaps about mutual benefits), between the attendees...
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