Xcite Energy Limited ("Xcite Energy" or the "Company") 9/3b-6z Well Test Update


ABERDEENSHIRE, UK--(Marketwire - December 20, 2010) -  Xcite Energy Limited (TSX-V: XEL) (LSE: XEL) (AIM: XEL)

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

The Company announces that the 9/3b-6z horizontal well section on the Bentley field has commenced the test phase and is progressing on plan.

The Company will provide further information when it becomes available.

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.

Contact Information:

ENQUIRIES:
Xcite Energy Limited
Richard Smith
Chief Executive Officer
Rupert Cole
Chief Financial Officer
+44 (0)1330 826740

Arbuthnot Securities Limited
(Nomad and Broker)
Antonio Bossi
Director
+44 (0)20 7012 2000

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

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