Xcite Energy creeps higher against a moribund AIM Oil & Gas sector…

Volume is once more accompanying the share price rise today – see chart annotations below.

As we posted here yesterday – http://www.spreadbetmagazine.com/blog/2012/9/3/plenty-of-action-in-xcite-energy-and-more-to-come.html there looks to be 3 potential reasons behind the outperformance in recent weeks. Someone seems determined to mop up stock anyways and the odds on an announcement on the EWT imminently are shortening by the day…