ABERDEENSHIRE, UK--(Marketwire - November 30, 2009) -
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR
INTO THE UNITED STATES
Xcite Energy Limited (
Roger Ramshaw, Gregory Moroney, Timothy Jones, Scott Cochlan, Richard Smith, Stephen Kew, Rupert Cole, Jonathan Dale, Barnaby Brennan, Richard West and Charles Lucas-Clements.
All of these options were granted today under the terms of the Company's share option scheme, at an exercise price of CAN$0.74 per ordinary share and are exercisable for a period of five years. This award recognises the significant progress that has been made with respect to the Bentley field during 2009.
Following these option awards, the Directors of the Company have the following aggregate number of ordinary shares under option:
Aggregate ordinary shares under option Roger Ramshaw 300,000 Gregory Moroney 200,000 Timothy Jones 200,000 Scott Cochlan 200,000 Richard Smith 1,100,000 Stephen Kew 1,100,000 Rupert Cole 1,100,000
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact Information: ENQUIRIES: Xcite Energy Limited +44 (0) 1330 826740 Richard Smith, Chief Executive Officer Rupert Cole, Chief Financial Officer Strand Hanson Limited (Nomad) +44 (0) 20 7409 3494 James Harris, Director Rory Murphy, Director Arbuthnot Securities Limited (Broker) +44 (0)20 7012 2000 Andrew Fairclough, Director Ed Burbidge Pelham Public Relations +44 (0) 20 7337 1500 Mark Antelme, Director Paradox Public Relations +1 514 341 0408 Jean-François Meilleur, Consultant Karl Mansour, Consultant