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

ABERDEENSHIRE, UNITED KINGDOM--(Marketwire - December 7, 2010) - This Announcement Is Not for Release, Publication or Distribution in or Into the United States.

Xcite Energy (TSX-V: XEL) (LSE: XEL) (AIM: XEL) -- The Company announces that the 9/3b-6z horizontal well section on the Bentley field is progressing to plan, with all required equipment and personnel on board the rig and the test completion in place. The continuing bad weather is delaying the start up of the flow test and the in-field storage tanker, Betty Knutsen, will be returning to the field today after refuelling in line with normal operational procedures.

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