20/02/12
This morning Xcite upgraded the Bentley field’s reserves upgrade from 28 to 116 million barrels of oil. It addresses the shortfall, perceived by some investors, in reserves following last year's reserve report.
20/02/12
Xcite Energy today unveiled a surprise upgrade to the Bentley field oil reserves as it increased proved and probable reserves from 28 to 116 million barrels of oil.
13/02/12
It is believed that Xcite may be able to start work on the first development well on the Bentley oilfield at some point this month. However, before work can start, Xcite must receive approval from the British authorities.
01/02/12
01/02/12
Xcite expects the DECC to approve phase 1 of the development in the near future. It will then be able to start work in sufficient time to achieve first oil in the first half of the year.
