Xcite Energy Limited is a heavy oil appraisal and development company, with current interests in three licence blocks in the UK North Sea, all of which are held with 100% working interests through its wholly-owned UK subsidiary, Xcite Energy Resources Limited.
Its primary focus is in bringing the Bentley oil field on Block 9/3b into production and in doing so becoming a significant independent oil producer in the North Sea by 2014.
08/05/12
Xcite Energy says drilling is progressing satisfactorily10/04/12
Xcite Energy raises US$50 mln from loan notes05/04/12
Xcite Energy draws down £2.12 mln on Esousa equity line02/04/12
Xcite Energy says Bentley development well is making good progress23/03/12
Xcite Energy showed ‘remarkable flexibility’ to overcome challenges of 2011, says chairman21/03/12
Osborne cuts 50p tax rate and corporation tax21/03/12
Xcite Energy raises £10.3 mln via equity line facility19/03/12
Xcite Energy kicks off Bentley development drilling02/03/12
Xcite Energy draws down £10.9 mln on Esousa equity line01/03/12
Xcite Energy: Rowan Norway rig leaves Dundee17/02/12
Xcite Energy shares back in focus for investors10/02/12
Xcite Energy completes £25.5 million share placing03/02/12
Xcite Energy announces changes to rig contract for Bentley development30/01/12
Xcite Energy draws down £3.537 mln on Esousa equity line16/12/11
Xcite Energy makes new funding arrangements totaling £85 mln14/12/11
Xcite Energy secures storage and offtake/shuttle tanker for Bentley oil field05/12/11
Xcite Energy says Bentley rig now on hire; deployment scheduled for next February11/11/11
Xcite Energy makes £2.5 million drawdown on Yorkville equity facility26/10/11
Xcite Energy draws down £3.2 million from Yorkville equity line25/10/11
Xcite Energy draws down £3.2 million from Yorkville equity line10/10/11
Xcite Energy rig arrives in Dundee; progress report sends shares up 10 pct13/09/11
Xcite Energy draws down £6.9mln; shares climb as CFO ups stake03/08/11
Xcite Energy submits Bentley field development plan to DECC29/07/11
Xcite Energy satisfied with the progress in project finance talks26/07/11
Xcite Energy submits Bentley field environment statement to DECC19/07/11
Xcite Energy gets further cash boost with £4.2 million from Yorkville equity-line13/07/11
Xcite Energy rig update very likely to be taken as a major buying opportunity, says Arbuthnot13/07/11
Xcite Energy: New rig ready for transport to Dundee; Bentley field development on track30/06/11
Xcite Energy gets £12.5 mln cash boost from Yorkville equity-line, directors to buy 2 mln shares29/06/11
Xcite shares rebound 20 percent25/05/11
Xcite Energy narrows Q1 loss as it prepares for Bentley oil field production18/05/11
Xcite Energy hires Morgan Stanley, Oriel Securities and Rothschild10/05/11
Xcite Energy: Reserves report values Bentley oilfield between US$890 mln and US$1.8 bln18/04/11
Xcite Energy draws down £6 mln from Yorkville SEDA28/03/11
Xcite Energy draws down £5 mln from Yorkville SEDA25/03/11
Xcite Energy says oil tax changes will not affect Bentley development plans18/03/11
Xcite Energy extends equity line to £100 million23/02/11
Xcite taps draw-down facility for a further £5 million14/02/11
Xcite Energy hires rig for first stage oil production at Bentley field01/02/11
Xcite Energy extends rig hire contract, draws down from SEDA14/01/11
Xcite Energy extends deadline to hire rig for Bentley field04/01/11
Xcite successfully suspends well 9/3b-6z as it begins assessing data21/12/10
Xcite Energy reports successful flow test of 9/3b-6z well in Bentley field20/12/10
Xcite Energy shares surge as it starts crucial Bentley flow test17/12/10
Xcite Energy ups SEDA funding deal to £60 million16/12/10
Xcite Energy extends deadline to enter firm production rig deal for Bentley field15/12/10
Xcite Energy says test work on Bentley has been delayed by glitch07/12/10
Xcite Energy’s Bentley field flow test delayed by weather03/12/10
Xcite Energy shares advance further as investors await crucial Bentley flow test30/11/10
Xcite Energy sets up rights plan to protect investors25/11/10
Xcite Energy draws down £6 mln to progress Bentley oil field in North Sea to production23/11/10
Xcite Energy to flow-test Bentley field well in 1st week of December17/11/10
Xcite Energy contracts first stage production rig for Bentley oil field15/11/10
Xcite Energy doubles YA Global equity line to £40 mln to progress Bentley field08/11/10
Xcite successfully tracks oil reservoir in horizontal Bentley field well04/11/10
Xcite Energy draws down £7 mln under YA Global equity line01/11/10
Xcite Energy update reinforces optimism over North Sea well28/10/10
Xcite Energy enhances 9/3 area potential in North Sea with two new licenses21/10/10
Xcite Energy valuation could rise significantly - Edison29/09/10
Xcite Energy starts operations at Bentley oil field pilot well in UK North Sea28/09/10
Xcite Energy secures up to £20 mln equity line with YA Global01/09/10
Xcite Energy is a development story not an exploration play, says Arbuthnot27/08/10
Xcite Energy Chief Executive looks ahead to “transformational few months”24/08/10
Xcite Energy raises C$9.3m for Bentley field work programme20/08/10
Xcite Energy set to raise C$8.5 million for Bentley field in UK North Sea20/08/10
Xcite Energy to raise C$8.5m and enhance Bentley Field drilling program20/07/10
Xcite Energy contracts rig for Bentley Field’s 9/3b-R well02/07/10
Xcite Energy opts for semi-submersible rig to drill 9/3b-R well on the Bentley field27/05/10
Xcite Energy ready to go ahead with pre-developmental drilling at Bentley oil field in North Sea22/04/10
Xcite Energy: exciting times ahead14/04/10
Edison Investment Research calls Xcite’s Bentley oil field well potentially 'transformational'26/03/10
Xcite Energy notified of shareholdings by Fidelity, Ignis and Standard Life25/03/10
Xcite Energy aims to upgrade Bentley oil field resources in 2010 after progress in 200918/03/10
Xcite Energy completes £24.9m placing to fund Bentley field development10/03/10
Xcite Energy finalises terms of £24.9m placing to fund Bentley oilfield development05/03/10
Xcite Energy wins Transocean's Challenger Minerals as farm-in partner for Bentley oil field08/02/10
Xcite Energy raising funds through placing to progress Bentley oil field development in North Sea04/12/09
Arbuthnot gives 'extremely undervalued' Xcite a 'strong buy' rating, sets target at 133 pence19/11/09
Xcite Energy Says Its Making Progress Towards Watershed Moment As It Prepares For First Development22/10/09
Xcite engages Fugro Well Services to drill and test production well at Bentley07/10/09
Xcite Energy completes placing to raise £2.1 mln02/10/09
Xcite Energy raises £2.1 mln in placing for Bentley field development18/08/09
Xcite Energy says discussions to advance Bentley Field continuing06/07/09
Xcite Energy secures Fugro services for Bentley field pre-development work27/03/09
Xcite seeking business partners to move North Sea Bentley field ahead16/11/07
North Sea focused Xcite joins AIM
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