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.
Rupert Cole at Xcite Energy says it’s almost set for first stage production
Monday, April 11, 2011
Rupert Cole, CFO at Xcite Energy (LON:XEL), tells Proactive Investors that the company aims to have the reserves report ready by Easter with a view to go for a first stage production in a small part of the Bentley field to move Xcite into revenue.
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