SOURCE: Xcite Energy Limited

September 15, 2011 12:02 ET

Additional Listing and Total Voting Rights

ABERDEENSHIRE, UNITED KINGDOM--(Marketwire - Sep 15, 2011) -



THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR
INTO THE UNITED STATES

                          TSX-V, LSE-AIM: XEL

15 September 2011

                          Xcite Energy Limited

                    ("Xcite Energy" or the "Company")

               Additional Listing and Total Voting Rights

Further to the announcement in relation to the draw down on the Standby
Equity Distribution Agreement issued on 13 September 2011, the Company
announces that it has received conditional approval of the share issue
by the TSX Venture Exchange and it has therefore made an application
for the admission to AIM ("Admission") of 5,383,894 ordinary shares of
no par value in the capital of the Company (the "New Ordinary Shares").
The New Ordinary Shares shall rank pari passu with the Company's
existing issued ordinary shares of no par value ("Ordinary Shares") and
dealings are expected to commence on19 September 2011.

Following Admission, the Company's enlarged issued share capital will
Comprise 183,656,292 Ordinary Shares with one voting right per
share. There are no shares held in treasury. The total number of voting
rights in the Company is therefore 183,656,292.

This figure of 183,656,292 Ordinary Shares may be used by shareholders
in the Company as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or a
change in their interest in, the share capital of the Company under the
FSA's Disclosure and Transparency Rules.

ENQUIRIES:
Xcite Energy Limited                               +44 (0) 1483 549 063
Richard Smith                      Chief Executive Officer
Rupert Cole                        Chief Financial Officer


Oriel Securities (Joint Broker and Nomad)          +44(0)207 710 7600

Emma Griffin                       Partner
Simon Edwards                      Partner

Morgan Stanley (Joint Broker)                      +44 (0) 207 425 8000
Andrew Foster                      Managing Director


Pelham Bell Pottinger                              +44 (0) 207 861 3232
Mark Antelme                       Director
Henry Lerwill

Paradox Public Relations                           +1 514 341 0408
Jean-Francois Meilleur             Consultant

Neither the 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.

Oriel Securities which is authorised and regulated in the United
Kingdom by the Financial Services Authority, is acting exclusively for
Xcite Energy and for no one else in connection with the subject matter
of this announcement and will not be responsible to anyone other than
Xcite Energy for providing the protections afforded to its clients or
for providing advice in connection with the subject matter of this
announcement.

Morgan Stanley which is authorised and regulated in the United Kingdom
by the Financial Services Authority, is acting exclusively for Xcite
Energy and for no one else in connection with the subject matter of
this announcement and will not be responsible to anyone other than
Xcite Energy for providing the protections afforded to its clients or
for providing advice in connection with the subject matter of this
announcement.

                    This information is provided by RNS
          The company news service from the London Stock Exchange

END

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