Very good read. This is going to be huge. Xcite is over £1 and it's exploration area is out in the North Sea and requires Decc approval etc. This has been served up on a plate by the Russian government. The licence was awarded to Mr Tongue twister on the 15th of Feb 2013. I'm assuming the share holders circular will be very informative. Things will move quickly.
So it was Siberia to be the first investment. Well done. With A jnr having 45% and Mr tongue twister 29.1% etc there won't be many floating shares. Add Mr T to the pot, this is going to fly. The proposed area isn't too far from a production situation. Then there is talk of more acquisitions. Until we have some factual figures, the possible sp predictions can only be speculated. Saying that, this has rocketed on speculation in the past. So 10p, would be conservative on past spikes. Time for research.
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