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. Watch Xcite Energy's May 2012Corporate Video here.
Xcite CEO delivers upbeat message on the development of the Bentley field
Friday, April 27, 2012
Richard Smith, CEO of Xcite Energy (LON:XEL, TSX-V:XEL), explains in some more detail to Proactiveinvestors about the most recent release updating shareholders on the forward development of the Bentley field. Richard also highlights the options that he says are available on the issue of funding.
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