SOURCE: Xcite Energy Ltd

June 23, 2008 09:24 ET

AIM Rule 20 Annual Report and Accounts

ABERDEENSHIRE, UK--(Marketwire - June 23, 2008) -


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

In accordance with AIM Rule 20, Xcite Energy ("the Company") (TSX-V: XEL) (LSE: XEL) (AIM: XEL) confirms that its annual report and accounts for the year ending 31 December 2007 have been sent to shareholders and can also be downloaded from the Company's website at: www.xcite-energy.com

Notes to Editors:

Xcite Energy (www.xcite-energy.com) is an appraisal and development company currently focused on the development of heavy oil resources in the North Sea on the UK Continental Shelf (the "UKCS"). The Company has a 100% working interest in Block 9/3b, the Bentley Field, one of the largest undeveloped heavy oil fields in the North Sea.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Enquiries:

    Xcite Energy
    +44 (0) 1330 826 740
    Richard Smith
    Chief Executive Officer
    Rupert Cole
    Chief Financial Officer

    Thomas Weisel Partners (UK) Limited
    +44 (0) 20 7877 4472
    Paul Colucci
    Managing Director
    Paul Newman
    Managing Director

    Strand Partners Ltd.
    +44 (0) 20 7409 3494
    James Harris
    Director
    Warren Pearce
    Associate Director

    Pelham Public Relations
    +44 (0) 20 7743 6676
    Alisdair Haythornthwaite
    Director
    Katherine Stewart
    Account Manager
    Lucy Frankland
    Account Manager