So I think its a good idea to write this down somewhere for the next time I have to do the same bloody thing over again on any new servers.
Read it here
I had to constantly refer to the different sources since there wasnt a complete page which had everything I needed for my particular situation – I have a host machine with Ubuntu Feisty Fawn installed and wanted to install a couple of Xen guest domains on it. One other thing I found lacking in the documentation is the explanation of commands or answers to the question so why the hell am I doing this?. Im not considering LVM at the moment and am happy with loopback disk file images too.