SOURCE: Xcite Energy Limited

March 08, 2012 09:57 ET

Bentley Well Approval Notification

ABERDEENSHIRE, UNITED KINGDOM--(Marketwire - Mar 8, 2012) -



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART
DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO
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SUCH JURISDICTION


                      TSX-V, LSE-AIM: XEL


8 March 2012


                          Xcite Energy Limited
                 ("Xcite Energy" or the "Company")


                 Bentley Well Approval Notification


Xcite Energy is pleased to announce that the Department of Energy and
Climate Change has granted its approvals under the Well Operations
Notification System ("WONS"), the Petroleum Operations Notice ("PON
15B") and the Oil Pollution Emergency Planning ("OPEP") for the planned
9/3b-7 and 7Z wells.

This now completes the approvals necessary to drill and produce the
wells in Phase 1A of the Bentley field work programme.


Oriel Securities Limited, 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.

Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
acceptsresponsibility for the adequacy or accuracy of this release.


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

END

Contact Information

  • 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
    Michael Shaw
    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
    Account Director

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