SOURCE: Xcite Energy Limited

August 03, 2011 02:00 ET

Xcite Energy Submission of FDP for Bentley Field

ABERDEENSHIRE, UNITED KINGDOM--(Marketwire - Aug 3, 2011) -


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                           TSX-V, LSE-AIM: XEL





3 August 2011

                          Xcite Energy Limited

                    ("Xcite Energy" or the "Company")

     Submission of Field Development Plan for Bentley Field
Xcite Energy is pleased to announce that the final draft of the Field
Development Plan ("FDP") for the Bentley field has now been submitted
to the Department of Energy and Climate Change ("DECC").

The FDP outlines the proposed development plan for the Bentley field,
which addresses the first stage production programme in detail and also
references the second stage production programme, which together
encompasses the core area of the reservoir.

The Company will respond to any issues raised by DECC in the coming
months, in expectation of achieving approval in due course.


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) 207 710 7600
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.


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.


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.





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