SOURCE: Xcite Energy Limited

November 15, 2011 04:55 ET

Xcite Energy Limited: Additional Listing and Total Voting Rights

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




NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART
DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO
WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF
SUCH JURISDICTION


                         TSX-V, LSE-AIM: XEL



15 November 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 11 November 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 2,168,257 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 on 18 November 2011.

Following Admission, the Company's enlarged issued share capital will
comprise 188,996,011 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 188,996,011.

This figure of 188,996,011 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) 20 7710 7600
Emma Griffin                 Partner
Simon Edwards                Partner


Morgan Stanley (Joint                        +44 (0) 20 7425 8000
Broker)
Andrew Foster                Managing Director


Pelham Bell Pottinger                         +44 (0) 20 7861 3232
Mark Antelme                 Director
Henry Lerwill                Account Director


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

Contact Information