SOURCE: Xcite Energy Ltd

December 07, 2010 02:00 ET

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