Xcite Energy Ltd.

Xcite Energy is pleased to announce the successful placing of US$140 million through the placing of senior secured bonds issued by its 100% UK subsidiary Xcite Energy Resources and a private placement of shares in the Company to new investors. The net proceeds from the bond issue and the private placement of Shares will be used to refinance the US [...]

Xcite Energy announces its results for the 3 month period ended 31 March 2014.
Highlights for the year to date: Upgrade in 1P, 2P and 3P oil reserves for the Bentley field to 203 MMstb, 257 MMstb and 317 MMstb, respectively, effective 31 December 2013 and based on an initial 35 year production period. Material Licence extension granted by the [...]

Xcite Energy is pleased to announce the results of its Annual and Special Meeting held on 15 May 2014. The following resolutions, as set out in the Notice of Meeting, were approved by holders of the ordinary shares of the Company: the reappointment of the following nominated directors to the board of directors of the Company and for them to [...]

Xcite is pleased to announce the appointment of Timothy Stephen Jones as non-executive Chairman and Henry George Wilson as a non-executive director of the Company, effective from 7 May 2013. Roger Ramshaw has retired as Chairman for personal reasons and has resigned from the Board with immediate effect. Mr. Jones has been a non-executive director [...]

Xcite Energy announces that it has extended the term of its existing Equity Line Facility agreement with Esousa Holdings, LLC by three years until 30 July 2017. The terms and conditions of the ELF remain unchanged, with an undrawn facility amount of GBP30.84 million, to be used, subject to the terms and conditions of the ELF, at the sole discretion [...]

Xcite Energy announces that its 100% subsidiary, Xcite Energy Resources Limited, has entered into a Memorandum of Understanding with AMEC Group Limited and Ove Arup & Partners Limited, which sets out the principles of co-operation for the design and development of Arup's self-installing, steel ACE platform for the Bentley field. XER, AMEC and Arup [...]

Xcite Energy announces that its 100% subsidiary, Xcite Energy Resources Limited, has entered into a Memorandum of Understanding with Teekay Shipping Norway AS, which sets out the principles of co-operation for the supply of a bridge linked Sevan floating storage and offloading facility for the life of the Bentley field.
XER and Teekay intend to [...]

2013 has been another year of significant effort and progress for Xcite, as we have adapted to challenging market conditions and remained innovative in pursuit of a viable development plan for Bentley. I am equally pleased with the start of 2014 following confirmation of a material licence extension from DECC, which will support our plans, together [...]

Xcite Energy confirms that the AGM of the Company will take place in Paris at 15:00 on Thursday, 15 May 2014 at the following venue: Hotel Napoleon, Salons De L'Etoile, 38-40 Avenue de Friedland, Paris, France. Further location details can be found on the Company's website at www.xcite-energy.com. The information circular in respect of the AGM will [...]

Xcite Energy announces that it has filed its annual Statement of Reserves Data and other Oil and Gas Information under National Instrument 51-101 -- Standards of Disclosure for Oil and Gas Activities -- and in accordance with the Canadian Oil and Gas Evaluation Handbook, with an effective date as at 31 December 2013. AGR TRACS International [...]