NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION
ABERDEENSHIRE, UNITED KINGDOM -- (Marketwired - Dec 4, 2013) -
Xcite Energy Limited (TSX VENTURE: XEL) (LSE: XEL) (AIM: XEL) ("Xcite Energy" or the "Company") Following a review of its 2012 Financial Statements by the Alberta Securities Commission (the "ASC") the Company has decided to re-file its audited financial statements for the year ended 31 December 2012 (the "2012 Financial Statements") with the following amendments to the Report of the Independent Auditors:
- The inclusion of reference in the Report of the Independent Auditors to the comparative period ended 31 December 2011; and
- Clarification that the auditor had applied 'International Standards on Auditing as adopted by the International Auditing and Assurance Standards Board' in replacement of the reference to'International Auditing Standards (UK and Ireland)'.
Other than replacing the Report of the Independent Auditors, no other changes have been made to the 2012 Financial Statements. The re-filed 2012 Financial Statements include a revised Report of the Independent Auditors which continues to give an unqualified opinion for the years ended 31 December 2012 and 31 December 2011. The re-filed 2012 Financial Statements are available on SEDAR.
ENQUIRIES:
Xcite Energy Limited
+44 (0) 1483 549 063
Rupert Cole / Andrew Fairclough
Liberum Capital Limited (Joint Broker and
Nominated Adviser)
+44 (0) 203 100 2000
Clayton Bush / Tim Graham
Morgan Stanley (Joint Broker)
+44 (0) 207 425 8000
Andrew Foster
Pelham Bell Pottinger
+44 (0) 207 861 3232
Mark Antelme / Henry Lerwill
Paradox Public Relations
+1 514 341 0408
Jean-Francois Meilleur
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.
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