SOURCE: Xcite Energy Limited

July 13, 2011 02:00 ET

Update on "Rowan Norway" N-Class Jack-Up Rig & FDP

ABERDEENSHIRE, UNITED KINGDOM--(Marketwire - Jul 13, 2011) -




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

                           TSX-V, LSE-AIM: XEL


13 July 2011


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

             Update on "Rowan Norway" N-Class Jack-Up Rig and FDP

The Company is pleased to announce that the "Rowan Norway" deep water
jack-up rig, scheduled for use on the Company's Bentley field, has now
been delivered by the Keppel FELS shipyard in Singapore to Rowan
Companies, Inc.

The rig will now be transported to Dundee using the OHT Hawk heavy lift
vessel, where it will undergo final testing and will be crewed and
equipped for its deployment onto the Bentley field.

Preparations for the submission to the Department of Energy and Climate
Change of a Field Development Plan for the Bentley field remain on
track and are consistent with the rig deployment timing.


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

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



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          The company news service from the London Stock Exchange

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