Proactiveinvestors USA & Canada Xcite Energy Plc https://www.proactiveinvestors.com Proactiveinvestors USA & Canada Xcite Energy Plc RSS feed en Thu, 13 Aug 2020 21:34:10 -0400 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) Time’s up for Xcite Energy: Bondholders call in liquidator https://www.proactiveinvestors.com/companies/news/167938/times-up-for-xcite-energy-bondholders-call-in-liquidator-167938.html Wed, 26 Oct 2016 05:01:00 -0400 https://www.proactiveinvestors.com/companies/news/167938/times-up-for-xcite-energy-bondholders-call-in-liquidator-167938.html Is Xcite Energy headed for the knackers’ yard? https://www.proactiveinvestors.com/companies/news/166623/is-xcite-energy-headed-for-the-knackers-yard-166623.html Sat, 01 Oct 2016 05:31:00 -0400 https://www.proactiveinvestors.com/companies/news/166623/is-xcite-energy-headed-for-the-knackers-yard-166623.html The contrasting fortunes of Jersey Oil & Gas and Xcite Energy - Malcolm Graham Wood https://www.proactiveinvestors.com/companies/news/306080/the-contrasting-fortunes-of-jersey-oil-gas-and-xcite-energy-malcolm-graham-wood-6080.html Fri, 30 Sep 2016 17:06:00 -0400 https://www.proactiveinvestors.com/companies/news/306080/the-contrasting-fortunes-of-jersey-oil-gas-and-xcite-energy-malcolm-graham-wood-6080.html Current Xcite shareholders will own just 1.5% of Bentley field after restructuring https://www.proactiveinvestors.com/companies/news/166545/Current-Xcite-shareholders-will-own-just-1.5%25-of-Bentley-field-after-restructuring-166545.html Wed, 28 Sep 2016 05:00:00 -0400 https://www.proactiveinvestors.com/companies/news/166545/Current-Xcite-shareholders-will-own-just-1.5%25-of-Bentley-field-after-restructuring-166545.html Xcite Energy: A cautionary tale of 'above ground' issues in the oil business https://www.proactiveinvestors.com/companies/news/166019/xcite-energy-a-cautionary-tale-of-above-ground-issues-in-the-oil-business-166019.html Fri, 16 Sep 2016 13:07:00 -0400 https://www.proactiveinvestors.com/companies/news/166019/xcite-energy-a-cautionary-tale-of-above-ground-issues-in-the-oil-business-166019.html Is there any recovery hope for Xcite Energy? https://www.proactiveinvestors.com/companies/news/165808/is-there-any-recovery-hope-for-xcite-energy-165808.html Wed, 14 Sep 2016 05:45:00 -0400 https://www.proactiveinvestors.com/companies/news/165808/is-there-any-recovery-hope-for-xcite-energy-165808.html Xcite Energy to follow Gulf Keystone with punishing debt for equity swap https://www.proactiveinvestors.com/companies/news/165708/xcite-energy-to-follow-gulf-keystone-with-punishing-debt-for-equity-swap-165708.html Mon, 12 Sep 2016 07:02:00 -0400 https://www.proactiveinvestors.com/companies/news/165708/xcite-energy-to-follow-gulf-keystone-with-punishing-debt-for-equity-swap-165708.html Xcite Energy faces critical weeks ahead of debt deadline https://www.proactiveinvestors.com/companies/news/129816/xcite-energy-faces-critical-weeks-ahead-of-debt-deadline-129816.html Tue, 30 Aug 2016 10:01:00 -0400 https://www.proactiveinvestors.com/companies/news/129816/xcite-energy-faces-critical-weeks-ahead-of-debt-deadline-129816.html Xcite Energy sees “material uncertainty” as debt deadline looms https://www.proactiveinvestors.com/companies/news/128949/xcite-energy-sees-material-uncertainty-as-debt-deadline-looms-128949.html Wed, 03 Aug 2016 08:02:00 -0400 https://www.proactiveinvestors.com/companies/news/128949/xcite-energy-sees-material-uncertainty-as-debt-deadline-looms-128949.html Xcite seeks debt extension as bond talks continue https://www.proactiveinvestors.com/companies/news/127193/xcite-seeks-debt-extension-as-bond-talks-continue-127193.html Thu, 16 Jun 2016 07:17:00 -0400 https://www.proactiveinvestors.com/companies/news/127193/xcite-seeks-debt-extension-as-bond-talks-continue-127193.html Can Xcite Energy diffuse its debt time bomb? https://www.proactiveinvestors.com/companies/news/126324/can-xcite-energy-diffuse-its-debt-time-bomb-126324.html Tue, 24 May 2016 13:25:00 -0400 https://www.proactiveinvestors.com/companies/news/126324/can-xcite-energy-diffuse-its-debt-time-bomb-126324.html Xcite Energy Limited seen 200% higher by Liberum Capital https://www.proactiveinvestors.com/companies/news/274578/xcite-energy-limited-seen-200-higher-by-liberum-capital-24578.html Wed, 23 Mar 2016 11:54:00 -0400 https://www.proactiveinvestors.com/companies/news/274578/xcite-energy-limited-seen-200-higher-by-liberum-capital-24578.html Xcite Energy in talks with potential partner to develop Bentley field https://www.proactiveinvestors.com/companies/news/119569/xcite-energy-in-talks-with-potential-partner-to-develop-bentley-field-119569.html Mon, 23 Nov 2015 10:58:00 -0500 https://www.proactiveinvestors.com/companies/news/119569/xcite-energy-in-talks-with-potential-partner-to-develop-bentley-field-119569.html Xcite Energy agrees exploration farm-out in North Sea https://www.proactiveinvestors.com/companies/news/117338/xcite-energy-agrees-exploration-farm-out-in-north-sea-117338.html Wed, 11 Nov 2015 07:26:00 -0500 https://www.proactiveinvestors.com/companies/news/117338/xcite-energy-agrees-exploration-farm-out-in-north-sea-117338.html Xcite Energy says it is still making progress despite challenges https://www.proactiveinvestors.com/companies/news/110207/xcite-energy-says-it-is-still-making-progress-despite-challenges-110207.html Mon, 24 Aug 2015 07:45:00 -0400 https://www.proactiveinvestors.com/companies/news/110207/xcite-energy-says-it-is-still-making-progress-despite-challenges-110207.html Xcite Energy upgrades oil reserves at Bentley field https://www.proactiveinvestors.com/companies/news/68574/xcite-energy-upgrades-oil-reserves-at-bentley-field-79870.html Thu, 30 Apr 2015 12:04:00 -0400 https://www.proactiveinvestors.com/companies/news/68574/xcite-energy-upgrades-oil-reserves-at-bentley-field-79870.html Xcite Energy casts net wider for Bentley financing https://www.proactiveinvestors.com/companies/news/67440/xcite-energy-casts-net-wider-for-bentley-financing-78640.html Wed, 25 Mar 2015 08:11:00 -0400 https://www.proactiveinvestors.com/companies/news/67440/xcite-energy-casts-net-wider-for-bentley-financing-78640.html Oil price slide asks plenty of questions of small cap investors https://www.proactiveinvestors.com/companies/news/64140/oil-price-slide-asks-plenty-of-questions-of-small-cap-investors-74946.html The problem, put simply, is production is too high to satisfy rather tepid global demand. 

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Tue, 02 Dec 2014 10:37:00 -0500 https://www.proactiveinvestors.com/companies/news/64140/oil-price-slide-asks-plenty-of-questions-of-small-cap-investors-74946.html
Xcite Energy shares lifted on rig deal for Bentley field https://www.proactiveinvestors.com/companies/news/63677/xcite-energy-shares-lifted-on-rig-deal-for-bentley-field-74410.html Chief executive Rupert Cole said: "We are very pleased that COSL has joined the Bentley development team and this marks the last of the key development group roles to be filled."

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Mon, 17 Nov 2014 07:45:00 -0500 https://www.proactiveinvestors.com/companies/news/63677/xcite-energy-shares-lifted-on-rig-deal-for-bentley-field-74410.html
Xcite Energy inks infrastructure collaboration with StatOil and EnQuest https://www.proactiveinvestors.com/companies/news/61582/xcite-energy-inks-infrastructure-collaboration-with-statoil-and-enquest-72063.html Wed, 10 Sep 2014 06:44:00 -0400 https://www.proactiveinvestors.com/companies/news/61582/xcite-energy-inks-infrastructure-collaboration-with-statoil-and-enquest-72063.html Xcite unveils deal over Bentley platform construction https://www.proactiveinvestors.com/companies/news/59715/xcite-unveils-deal-over-bentley-platform-construction-70091.html Fri, 04 Jul 2014 07:02:00 -0400 https://www.proactiveinvestors.com/companies/news/59715/xcite-unveils-deal-over-bentley-platform-construction-70091.html Xcite Energy working towards Bentley FDP as completes financing https://www.proactiveinvestors.com/companies/news/59612/xcite-energy-working-towards-bentley-fdp-as-completes-financing--69982.html Tue, 01 Jul 2014 10:37:00 -0400 https://www.proactiveinvestors.com/companies/news/59612/xcite-energy-working-towards-bentley-fdp-as-completes-financing--69982.html Xcite Energy raises US$140mln to refinance and pay for Bentley work https://www.proactiveinvestors.com/companies/news/59134/xcite-energy-raises-us140mln-to-refinance-and-pay-for-bentley-work-69477.html Mon, 16 Jun 2014 11:35:00 -0400 https://www.proactiveinvestors.com/companies/news/59134/xcite-energy-raises-us140mln-to-refinance-and-pay-for-bentley-work-69477.html Xcite Energy price is “attractive” ahead of a Bentley deal, says Cantor Fitzgerald https://www.proactiveinvestors.com/companies/news/58410/xcite-energy-price-is-attractive-ahead-of-a-bentley-deal-says-cantor-fitzgerald-68690.html Tue, 20 May 2014 14:12:00 -0400 https://www.proactiveinvestors.com/companies/news/58410/xcite-energy-price-is-attractive-ahead-of-a-bentley-deal-says-cantor-fitzgerald-68690.html Xcite Energy appoints new chairman and non-exec director https://www.proactiveinvestors.com/companies/news/58062/xcite-energy-appoints-new-chairman-and-non-exec-director-68328.html Thu, 08 May 2014 08:13:00 -0400 https://www.proactiveinvestors.com/companies/news/58062/xcite-energy-appoints-new-chairman-and-non-exec-director-68328.html Xcite Energy shares advance on Statoil and Shell collaboration https://www.proactiveinvestors.com/companies/news/57980/xcite-energy-shares-advance-on-statoil-and-shell-collaboration-68243.html The collaboration demonstrates the value that independent oil companies can bring to the North Sea to unlock major energy assets,” said Rupert Cole, Xcite’s chief executive.

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Tue, 06 May 2014 09:57:00 -0400 https://www.proactiveinvestors.com/companies/news/57980/xcite-energy-shares-advance-on-statoil-and-shell-collaboration-68243.html
Xcite Energy signs up Arup and AMEC to design Bentley platform https://www.proactiveinvestors.com/companies/news/57264/xcite-energy-signs-up-arup-and-amec-to-design-bentley-platform-67492.html Wed, 09 Apr 2014 08:16:00 -0400 https://www.proactiveinvestors.com/companies/news/57264/xcite-energy-signs-up-arup-and-amec-to-design-bentley-platform-67492.html Xcite Energy agrees partnership with Teekay Shipping for Bentley development https://www.proactiveinvestors.com/companies/news/57196/xcite-energy-agrees-partnership-with-teekay-shipping-for-bentley-development-67420.html Mon, 07 Apr 2014 10:24:00 -0400 https://www.proactiveinvestors.com/companies/news/57196/xcite-energy-agrees-partnership-with-teekay-shipping-for-bentley-development-67420.html Xcite Energy shares nudge higher as it releases annual reserves report https://www.proactiveinvestors.com/companies/news/56020/xcite-energy-shares-nudge-higher-as-it-releases-annual-reserves-report-66166.html Wed, 26 Feb 2014 07:41:00 -0500 https://www.proactiveinvestors.com/companies/news/56020/xcite-energy-shares-nudge-higher-as-it-releases-annual-reserves-report-66166.html Xcite Energy issues US$80mln loan notes in refinancing https://www.proactiveinvestors.com/companies/news/54216/xcite-energy-issues-us80mln-loan-notes-in-refinancing-64242.html Tue, 17 Dec 2013 07:58:00 -0500 https://www.proactiveinvestors.com/companies/news/54216/xcite-energy-issues-us80mln-loan-notes-in-refinancing-64242.html Junior Oils Trust positioned for oil price rise https://www.proactiveinvestors.com/companies/news/301944/junior-oils-trust-positioned-for-oil-price-rise-2183.html Mon, 16 Sep 2013 10:57:00 -0400 https://www.proactiveinvestors.com/companies/news/301944/junior-oils-trust-positioned-for-oil-price-rise-2183.html Xcite Energy: Farm out and financing talks still ongoing https://www.proactiveinvestors.com/companies/news/50705/xcite-energy-farm-out-and-financing-talks-still-ongoing-60335.html The North Sea stock, once an AIM favourite, has been in stasis over the past eighteen months and given the recent investor indifference catalysts appear badly needed.

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Fri, 23 Aug 2013 07:00:00 -0400 https://www.proactiveinvestors.com/companies/news/50705/xcite-energy-farm-out-and-financing-talks-still-ongoing-60335.html
UPDATE: Xcite Energy says AMEC preparing to take a more active role in development of North Sea field https://www.proactiveinvestors.com/companies/news/48587/update-xcite-energy-says-amec-preparing-to-take-a-more-active-role-in-development-of-north-sea-field-57898.html Xcite Energy has received third party validation of the potential of the Bentley North Sea field with construction giant AMEC gearing up to take a more involved role in the development of the project. AMEC has signed a memorandum of understanding (MOU) covering “future cooperation to support the development” of the field.  

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Wed, 12 Jun 2013 14:20:00 -0400 https://www.proactiveinvestors.com/companies/news/48587/update-xcite-energy-says-amec-preparing-to-take-a-more-active-role-in-development-of-north-sea-field-57898.html
Xcite Energy looks at longer term rig alternatives https://www.proactiveinvestors.com/companies/news/48240/xcite-energy-looks-at-longer-term-rig-alternatives-57504.html Fri, 31 May 2013 06:23:00 -0400 https://www.proactiveinvestors.com/companies/news/48240/xcite-energy-looks-at-longer-term-rig-alternatives-57504.html Xcite Energy shares advance after Bentley data deal https://www.proactiveinvestors.com/companies/news/47906/xcite-energy-shares-advance-after-bentley-data-deal-57092.html A potential partner paying £10mln upfront to find out more about the project could be considered to be a positive step forward, according to Oriel Securities analyst Peter Griffith.

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Mon, 20 May 2013 12:57:00 -0400 https://www.proactiveinvestors.com/companies/news/47906/xcite-energy-shares-advance-after-bentley-data-deal-57092.html
Xcite bags US$15mln for Bentley Field data https://www.proactiveinvestors.com/companies/news/47885/xcite-bags-us15mln-for-bentley-field-data-57072.html North Sea developer Xcite Energy will strengthen its already solid financial position with the sale of technical well data from the company’s Bentley Field for £10mln. Once the binding agreement with the unnamed buyer is completed the cash will be added to the £20.4mln the group had on the balance sheet at the end of March.

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Mon, 20 May 2013 06:28:00 -0400 https://www.proactiveinvestors.com/companies/news/47885/xcite-bags-us15mln-for-bentley-field-data-57072.html
Xcite Energy upgraded by broker following rise in oil reserves https://www.proactiveinvestors.com/companies/news/46744/xcite-energy-upgraded-by-broker-following-rise-in-oil-reserves-55756.html Sanlam says the Bentley oil field development could now be considered to be low-risk.

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Fri, 12 Apr 2013 08:39:00 -0400 https://www.proactiveinvestors.com/companies/news/46744/xcite-energy-upgraded-by-broker-following-rise-in-oil-reserves-55756.html
Xcite Energy’s Bentley confirmed as one of UK’s largest untapped oil fields https://www.proactiveinvestors.com/companies/news/46578/xcite-energys-bentley-confirmed-as-one-of-uks-largest-untapped-oil-fields-55563.html Investment banking heavyweight Morgan Stanley says Xcite is ‘deeply discounted’ and gives the share an ‘overweight’ rating.

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Mon, 08 Apr 2013 11:34:00 -0400 https://www.proactiveinvestors.com/companies/news/46578/xcite-energys-bentley-confirmed-as-one-of-uks-largest-untapped-oil-fields-55563.html
Xcite Energy's 2P reserves update exceeds expectations https://www.proactiveinvestors.com/companies/news/46572/xcite-energys-2p-reserves-update-exceeds-expectations-55556.html Xcite Energy is ready to evaluate farm-in partners for its exciting Bentley field in the North Sea after the latest reserves upgrade exceeded management's expectations.

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Mon, 08 Apr 2013 07:16:00 -0400 https://www.proactiveinvestors.com/companies/news/46572/xcite-energys-2p-reserves-update-exceeds-expectations-55556.html
Xcite Energy chief Cole ‘enormously excited’ about what can be achieved in 2013 https://www.proactiveinvestors.com/companies/news/46236/xcite-energy-chief-cole-enormously-excited-about-what-can-be-achieved-in-2013-55163.html Xcite Energy chief executive Rupert Cole has told investors that he is enormously excited about what the company can achieve in 2013.

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Tue, 26 Mar 2013 06:31:00 -0400 https://www.proactiveinvestors.com/companies/news/46236/xcite-energy-chief-cole-enormously-excited-about-what-can-be-achieved-in-2013-55163.html
Xcite Energy extends loans until December https://www.proactiveinvestors.com/companies/news/44465/xcite-energy-extends-loans-until-december-53045.html Wed, 30 Jan 2013 06:47:00 -0500 https://www.proactiveinvestors.com/companies/news/44465/xcite-energy-extends-loans-until-december-53045.html Xcite Energy: City analyst says Bentley farm-out will focus investor attentions https://www.proactiveinvestors.com/companies/news/44054/xcite-energy-city-analyst-says-bentley-farm-out-will-focus-investor-attentions-52561.html Thu, 17 Jan 2013 10:57:00 -0500 https://www.proactiveinvestors.com/companies/news/44054/xcite-energy-city-analyst-says-bentley-farm-out-will-focus-investor-attentions-52561.html Xcite Energy generates £13.3 mln from oil sales https://www.proactiveinvestors.com/companies/news/42068/xcite-energy-generates-133-mln-from-oil-sales-50166.html Fri, 09 Nov 2012 17:45:00 -0500 https://www.proactiveinvestors.com/companies/news/42068/xcite-energy-generates-133-mln-from-oil-sales-50166.html Xcite Energy generates £13.3 mln from oil sales https://www.proactiveinvestors.com/companies/news/42035/xcite-energy-generates-133-mln-from-oil-sales-50131.html Xcite Energy has confirmed that £13.3 million was generated through the sale of crude oil and diluents produced in Phase 1A of the Bentley oil field development.

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Fri, 09 Nov 2012 07:48:00 -0500 https://www.proactiveinvestors.com/companies/news/42035/xcite-energy-generates-133-mln-from-oil-sales-50131.html
Xcite Energy a ‘compelling opportunity’, says Liberum Capital https://www.proactiveinvestors.com/companies/news/41732/xcite-energy-a-compelling-opportunity-says-liberum-capital-49759.html Liberum Capital believes there should now be greater confidence in the commerciality of the Bentley field following the recently completed production testing programme.

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Wed, 31 Oct 2012 11:10:00 -0400 https://www.proactiveinvestors.com/companies/news/41732/xcite-energy-a-compelling-opportunity-says-liberum-capital-49759.html
North Sea licensing round endorses AIM oil firms https://www.proactiveinvestors.com/companies/news/41613/north-sea-licensing-round-endorses-aim-oil-firms-49619.html Several AIM companies have expanded their portfolios and industry experts say this is a very encouraging sign.

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Fri, 26 Oct 2012 14:41:00 -0400 https://www.proactiveinvestors.com/companies/news/41613/north-sea-licensing-round-endorses-aim-oil-firms-49619.html
Xcite will explore the new prospects over an initial four year licence term, on a ‘drill or drop’ ba https://www.proactiveinvestors.com/companies/news/41583/xcite-will-explore-the-new-prospects-over-an-initial-four-year-licence-term-on-a-drill-or-drop-ba-49582.html Thu, 25 Oct 2012 16:02:00 -0400 https://www.proactiveinvestors.com/companies/news/41583/xcite-will-explore-the-new-prospects-over-an-initial-four-year-licence-term-on-a-drill-or-drop-ba-49582.html Xcite Energy says new licences are part of a strategy for growth https://www.proactiveinvestors.com/companies/news/41578/xcite-energy-says-new-licences-are-part-of-a-strategy-for-growth-49573.html Thu, 25 Oct 2012 14:16:00 -0400 https://www.proactiveinvestors.com/companies/news/41578/xcite-energy-says-new-licences-are-part-of-a-strategy-for-growth-49573.html UPDATE: Xcite Energy successfully completes Phase 1A work programme https://www.proactiveinvestors.com/companies/news/41225/update-xcite-energy-successfully-completes-phase-1a-work-programme-49157.html Xcite Energy has confirmed the successful completion of the Phase 1A work programme.

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Mon, 15 Oct 2012 15:01:00 -0400 https://www.proactiveinvestors.com/companies/news/41225/update-xcite-energy-successfully-completes-phase-1a-work-programme-49157.html
Xcite Energy successfully completes Phase 1A work programme https://www.proactiveinvestors.com/companies/news/41196/xcite-energy-successfully-completes-phase-1a-work-programme-49125.html The 9/3b-7 and 7Z wells have now been suspended for future use as production wells in the next phase of the oilfield development. 

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Mon, 15 Oct 2012 06:22:00 -0400 https://www.proactiveinvestors.com/companies/news/41196/xcite-energy-successfully-completes-phase-1a-work-programme-49125.html
Xcite Energy says Bentley pre-production well exceeds expectations https://www.proactiveinvestors.com/companies/news/40446/xcite-energy-says-bentley-pre-production-well-exceeds-expectations-48240.html

Xcite Energy said a pre-production well test on the Bentley heavy oil field in the North Sea exceeded expectations.

 

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Thu, 20 Sep 2012 06:20:00 -0400 https://www.proactiveinvestors.com/companies/news/40446/xcite-energy-says-bentley-pre-production-well-exceeds-expectations-48240.html
Xcite Energy says Bentley oil sold for ‘better than expected’ price https://www.proactiveinvestors.com/companies/news/40057/xcite-energy-says-bentley-oil-sold-for-better-than-expected-price-47803.html Xcite has confirmed that it has now sold 135,000 barrels of oil, with the help of BP, to a ‘major refining participant’ in the European market.

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Fri, 07 Sep 2012 06:14:00 -0400 https://www.proactiveinvestors.com/companies/news/40057/xcite-energy-says-bentley-oil-sold-for-better-than-expected-price-47803.html
Xcite Energy completes private placement with Boston-based Global Resource https://www.proactiveinvestors.com/companies/news/39469/xcite-energy-completes-private-placement-with-boston-based-global-resource-47121.html Tue, 21 Aug 2012 15:18:00 -0400 https://www.proactiveinvestors.com/companies/news/39469/xcite-energy-completes-private-placement-with-boston-based-global-resource-47121.html Xcite Energy grants 1.05m share options to subsidiary's management https://www.proactiveinvestors.com/companies/news/39025/xcite-energy-grants-105m-share-options-to-subsidiarys-management-46615.html Thu, 09 Aug 2012 07:34:00 -0400 https://www.proactiveinvestors.com/companies/news/39025/xcite-energy-grants-105m-share-options-to-subsidiarys-management-46615.html Xcite Energy secures US$10 mln loan for Bentley Phase 1A contingencies https://www.proactiveinvestors.com/companies/news/38972/xcite-energy-secures-us10-mln-loan-for-bentley-phase-1a-contingencies-46558.html Xcite says the money provides contingency funding during the important Phase 1A work programme on the Bentley field – which is currently ongoing.

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Wed, 08 Aug 2012 06:27:00 -0400 https://www.proactiveinvestors.com/companies/news/38972/xcite-energy-secures-us10-mln-loan-for-bentley-phase-1a-contingencies-46558.html
Xcite Energy: Bentley test passes bank’s 45,000 barrel milestone; continues at 3,200 bopd https://www.proactiveinvestors.com/companies/news/38817/xcite-energy-bentley-test-passes-banks-45000-barrel-milestone-continues-at-3200-bopd-46387.html  

Production from the tests has now passed the crucial 45,000 barrel marker. The banks set that cumulative production target as one of the conditions of the reserves based lending facility, which will help fund the large oilfield development project.

 

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Fri, 03 Aug 2012 06:46:00 -0400 https://www.proactiveinvestors.com/companies/news/38817/xcite-energy-bentley-test-passes-banks-45000-barrel-milestone-continues-at-3200-bopd-46387.html
Xcite Energy: Bentley oilfield development on track https://www.proactiveinvestors.com/companies/news/38459/xcite-energy-bentley-oilfield-development-on-track--45988.html Wed, 25 Jul 2012 10:18:00 -0400 https://www.proactiveinvestors.com/companies/news/38459/xcite-energy-bentley-oilfield-development-on-track--45988.html UPDATE Xcite Energy says Bentley pre-production flow test is ‘progressing well’ https://www.proactiveinvestors.com/companies/news/38265/update-xcite-energy-says-bentley-pre-production-flow-test-is-progressing-well-45749.html Currently oil is being produced at a rate of 2,900 barrels per day. Xcite says this is well within the operational performance of the reservoir.

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Thu, 19 Jul 2012 10:01:00 -0400 https://www.proactiveinvestors.com/companies/news/38265/update-xcite-energy-says-bentley-pre-production-flow-test-is-progressing-well-45749.html
Xcite Energy shares up as Bentley pre-production flow test progresses https://www.proactiveinvestors.com/companies/news/37945/xcite-energy-shares-up-as-bentley-pre-production-flow-test-progresses-45371.html Wed, 11 Jul 2012 12:21:00 -0400 https://www.proactiveinvestors.com/companies/news/37945/xcite-energy-shares-up-as-bentley-pre-production-flow-test-progresses-45371.html Xcite Energy starts pre-production flow test on Bentley oil field https://www.proactiveinvestors.com/companies/news/37850/xcite-energy-starts-pre-production-flow-test-on-bentley-oil-field-45243.html Mon, 09 Jul 2012 14:21:00 -0400 https://www.proactiveinvestors.com/companies/news/37850/xcite-energy-starts-pre-production-flow-test-on-bentley-oil-field-45243.html Xcite Energy: Bentley financing now largely complete, says FD Cole https://www.proactiveinvestors.com/companies/news/37308/xcite-energy-bentley-financing-now-largely-complete-says-fd-cole-44605.html The funding aspect of the initial Bentley oilfield development is now largely complete and upcoming flow tests are designed to satisfy Xcite’s bankers, says finance director Rupert Cole.

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Tue, 26 Jun 2012 07:01:00 -0400 https://www.proactiveinvestors.com/companies/news/37308/xcite-energy-bentley-financing-now-largely-complete-says-fd-cole-44605.html
Xcite Energy’s US$155 mln loan strengthens negotiating position, says FD Cole https://www.proactiveinvestors.com/companies/news/37237/xcite-energys-us155-mln-loan-strengthens-negotiating-position-says-fd-cole-44527.html Xcite will now pursue other options to secure the remainder of the project’s funding requirements, including a possible farm-out.

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Fri, 22 Jun 2012 15:52:00 -0400 https://www.proactiveinvestors.com/companies/news/37237/xcite-energys-us155-mln-loan-strengthens-negotiating-position-says-fd-cole-44527.html
UPDATE: Xcite Energy seals US$155 mln reserve based loan for Bentley oil field development https://www.proactiveinvestors.com/companies/news/37230/update-xcite-energy-seals-us155-mln-reserve-based-loan-for-bentley-oil-field-development-44519.html Xcite Energy today announced that it has secured a US$155 million reserves based loan facility. Analysts say this is a substantial step forward for the Bentley project.

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Fri, 22 Jun 2012 13:02:00 -0400 https://www.proactiveinvestors.com/companies/news/37230/update-xcite-energy-seals-us155-mln-reserve-based-loan-for-bentley-oil-field-development-44519.html
Xcite Energy seals US$155 mln reserve based loan for Bentley oil field development https://www.proactiveinvestors.com/companies/news/37206/xcite-energy-seals-us155-mln-reserve-based-loan-for-bentley-oil-field-development-44495.html Xcite Energy has secured a US$155 million reserves based loan which will provide a substantial part of the funding needed for the Bentley oil field's Phase 1B development.

 

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Fri, 22 Jun 2012 06:45:00 -0400 https://www.proactiveinvestors.com/companies/news/37206/xcite-energy-seals-us155-mln-reserve-based-loan-for-bentley-oil-field-development-44495.html
Xcite Energy adds Boston-based Global Resource to shareholder register https://www.proactiveinvestors.com/companies/news/36890/xcite-energy-adds-boston-based-global-resource-to-shareholder-register-44109.html Wed, 13 Jun 2012 15:41:00 -0400 https://www.proactiveinvestors.com/companies/news/36890/xcite-energy-adds-boston-based-global-resource-to-shareholder-register-44109.html Xcite Energy completes Phase 1A drill programme at Bentley field https://www.proactiveinvestors.com/companies/news/36854/xcite-energy-completes-phase-1a-drill-programme-at-bentley-field-44068.html Xcite Energy has now completed the drilling portion of the Phase 1A part of the Bentley oil field development project. Operations continue ahead of the production testing programme.

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Wed, 13 Jun 2012 06:24:00 -0400 https://www.proactiveinvestors.com/companies/news/36854/xcite-energy-completes-phase-1a-drill-programme-at-bentley-field-44068.html
Xcite Energy: Bentley development boosted by new BP deal https://www.proactiveinvestors.com/companies/news/36821/xcite-energy-bentley-development-boosted-by-new-bp-deal-44018.html Xcite Energy’s plans for the next stage of the Bentley oil field development got a boost today as it outlined new funding support from BP.

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Tue, 12 Jun 2012 10:15:00 -0400 https://www.proactiveinvestors.com/companies/news/36821/xcite-energy-bentley-development-boosted-by-new-bp-deal-44018.html
Xcite Energy gets boost as BP increases financial support https://www.proactiveinvestors.com/companies/news/36808/xcite-energy-gets-boost-as-bp-increases-financial-support-44005.html Xcite Energy has amended a marketing and offtake agreement with BP to get additional funding for development of the Bentley field in the North Sea.

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Tue, 12 Jun 2012 06:48:00 -0400 https://www.proactiveinvestors.com/companies/news/36808/xcite-energy-gets-boost-as-bp-increases-financial-support-44005.html
Xcite Energy Presentation - 30th May - Edinburgh https://www.proactiveinvestors.com/companies/news/301173/xcite-energy-presentation-30th-may-edinburgh-1181.html Wed, 30 May 2012 22:06:00 -0400 https://www.proactiveinvestors.com/companies/news/301173/xcite-energy-presentation-30th-may-edinburgh-1181.html Xcite Energy shares advance as first Bentley development well reaches TD https://www.proactiveinvestors.com/companies/news/36364/xcite-energy-shares-advance-as-first-bentley-development-well-reaches-td-43457.html Tue, 29 May 2012 07:23:00 -0400 https://www.proactiveinvestors.com/companies/news/36364/xcite-energy-shares-advance-as-first-bentley-development-well-reaches-td-43457.html Xcite Energy’s strengthened balance sheet supports Bentley oil field development https://www.proactiveinvestors.com/companies/news/36275/xcite-energys-strengthened-balance-sheet-supports-bentley-oil-field-development-43349.html Fri, 25 May 2012 14:29:00 -0400 https://www.proactiveinvestors.com/companies/news/36275/xcite-energys-strengthened-balance-sheet-supports-bentley-oil-field-development-43349.html Xcite Energy chairman lays out firm's aims for 2012 https://www.proactiveinvestors.com/companies/news/36226/xcite-energy-chairman-lays-out-firms-aims-for-2012-43292.html Thu, 24 May 2012 15:57:00 -0400 https://www.proactiveinvestors.com/companies/news/36226/xcite-energy-chairman-lays-out-firms-aims-for-2012-43292.html Xcite Energy Corporate Video May 2012 https://www.proactiveinvestors.com/companies/news/301163/xcite-energy-corporate-video-may-2012-1169.html Thu, 10 May 2012 10:04:00 -0400 https://www.proactiveinvestors.com/companies/news/301163/xcite-energy-corporate-video-may-2012-1169.html Xcite Energy says drilling is progressing satisfactorily - UPDATE https://www.proactiveinvestors.com/companies/news/35553/xcite-energy-says-drilling-is-progressing-satisfactorily-update-42461.html

Xcite Energy this morning told investors that drilling operations are progressing satisfactorily. It also announced that it has now contracted a shuttle tanker and a pipeline for the start of the Bentley field’s production phase.

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Tue, 08 May 2012 09:53:00 -0400 https://www.proactiveinvestors.com/companies/news/35553/xcite-energy-says-drilling-is-progressing-satisfactorily-update-42461.html
Xcite Energy says drilling is progressing satisfactorily https://www.proactiveinvestors.com/companies/news/35532/xcite-energy-says-drilling-is-progressing-satisfactorily-42438.html Tue, 08 May 2012 06:24:00 -0400 https://www.proactiveinvestors.com/companies/news/35532/xcite-energy-says-drilling-is-progressing-satisfactorily-42438.html North Sea deal activity could boost Xcite Energy’s project funding plans https://www.proactiveinvestors.com/companies/news/35231/north-sea-deal-activity-could-boost-xcite-energys-project-funding-plans-42053.html North Sea deal activity could help Xcite Energy pay for the Bentley oil field development as it seeks industry partners as one of the potential ways forward, with the help of City deal makers Rothschild and Jefferies.

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Fri, 27 Apr 2012 14:53:00 -0400 https://www.proactiveinvestors.com/companies/news/35231/north-sea-deal-activity-could-boost-xcite-energys-project-funding-plans-42053.html
Xcite CEO delivers upbeat message on the development of the Bentley field https://www.proactiveinvestors.com/companies/news/301131/xcite-ceo-delivers-upbeat-message-on-the-development-of-the-bentley-field-1126.html Fri, 27 Apr 2012 07:01:00 -0400 https://www.proactiveinvestors.com/companies/news/301131/xcite-ceo-delivers-upbeat-message-on-the-development-of-the-bentley-field-1126.html Xcite Energy unveils funding strategy for entire Bentley development https://www.proactiveinvestors.com/companies/news/35198/xcite-energy-unveils-funding-strategy-for-entire-bentley-development-42016.html Xcite requires around US$310 million to cover its development costs for 2013, so that it can kick start production as part of the Phase 1B programme.  After that it is expected that the Bentley field will be producing enough oil so that the remaining development will be self-sustaining.

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Fri, 27 Apr 2012 06:05:00 -0400 https://www.proactiveinvestors.com/companies/news/35198/xcite-energy-unveils-funding-strategy-for-entire-bentley-development-42016.html
Xcite Energy updates on drilling and details testing plans https://www.proactiveinvestors.com/companies/news/34928/xcite-energy-updates-on-drilling-and-details-testing-plans-41681.html The current operation will facilitate a testing phase, including a 90 day production test starting later this quarter.

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Thu, 19 Apr 2012 07:03:00 -0400 https://www.proactiveinvestors.com/companies/news/34928/xcite-energy-updates-on-drilling-and-details-testing-plans-41681.html
Xcite Energy raises US$50 mln from loan notes https://www.proactiveinvestors.com/companies/news/34601/xcite-energy-raises-us50-mln-from-loan-notes-41262.html Xcite Energy today told investors that it has raised US$50 million through the issue of unsecured loan notes.

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Tue, 10 Apr 2012 06:24:00 -0400 https://www.proactiveinvestors.com/companies/news/34601/xcite-energy-raises-us50-mln-from-loan-notes-41262.html
Xcite Energy draws down £2.12 mln on Esousa equity line https://www.proactiveinvestors.com/companies/news/34562/xcite-energy-draws-down-212-mln-on-esousa-equity-line-41203.html Thu, 05 Apr 2012 08:19:00 -0400 https://www.proactiveinvestors.com/companies/news/34562/xcite-energy-draws-down-212-mln-on-esousa-equity-line-41203.html Xcite Energy says Bentley development well is making good progress https://www.proactiveinvestors.com/companies/news/34403/xcite-energy-says-bentley-development-well-is-making-good-progress-41007.html Mon, 02 Apr 2012 07:32:00 -0400 https://www.proactiveinvestors.com/companies/news/34403/xcite-energy-says-bentley-development-well-is-making-good-progress-41007.html Xcite Energy showed ‘remarkable flexibility’ to overcome challenges of 2011, says chairman https://www.proactiveinvestors.com/companies/news/34097/xcite-energy-showed-remarkable-flexibility-to-overcome-challenges-of-2011-says-chairman-40649.html Fri, 23 Mar 2012 06:57:00 -0400 https://www.proactiveinvestors.com/companies/news/34097/xcite-energy-showed-remarkable-flexibility-to-overcome-challenges-of-2011-says-chairman-40649.html Osborne cuts 50p tax rate and corporation tax https://www.proactiveinvestors.com/companies/news/34035/osborne-cuts-50p-tax-rate-and-corporation-tax-40569.html Wed, 21 Mar 2012 15:19:00 -0400 https://www.proactiveinvestors.com/companies/news/34035/osborne-cuts-50p-tax-rate-and-corporation-tax-40569.html Xcite Energy raises £10.3 mln via equity line facility https://www.proactiveinvestors.com/companies/news/34006/xcite-energy-raises-103-mln-via-equity-line-facility-40539.html Wed, 21 Mar 2012 06:36:00 -0400 https://www.proactiveinvestors.com/companies/news/34006/xcite-energy-raises-103-mln-via-equity-line-facility-40539.html Xcite Energy kicks off Bentley development drilling https://www.proactiveinvestors.com/companies/news/33894/xcite-energy-kicks-off-bentley-development-drilling-40399.html The 9/3b-7 well was spudded yesterday.This well marks the start of the Phase 1A of the Bentley oilfield development.

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Mon, 19 Mar 2012 06:15:00 -0400 https://www.proactiveinvestors.com/companies/news/33894/xcite-energy-kicks-off-bentley-development-drilling-40399.html
Xcite Energy shares rise as phase 1 of Bentley field development gets approval https://www.proactiveinvestors.com/companies/news/33559/xcite-energy-shares-rise-as-phase-1-of-bentley-field-development-gets-approval-39990.html Xcite shares advanced over 10 per cent this afternoon as it received its hotly anticipated approval for the first phase of the Bentley oilfield development.


 

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Thu, 08 Mar 2012 14:06:00 -0500 https://www.proactiveinvestors.com/companies/news/33559/xcite-energy-shares-rise-as-phase-1-of-bentley-field-development-gets-approval-39990.html
Xcite Energy draws down £10.9 mln on Esousa equity line https://www.proactiveinvestors.com/companies/news/33336/xcite-energy-draws-down-109-mln-on-esousa-equity-line-39702.html Fri, 02 Mar 2012 06:30:00 -0500 https://www.proactiveinvestors.com/companies/news/33336/xcite-energy-draws-down-109-mln-on-esousa-equity-line-39702.html Xcite Energy: Rowan Norway rig leaves Dundee https://www.proactiveinvestors.com/companies/news/33311/xcite-energy-rowan-norway-rig-leaves-dundee-39675.html Thu, 01 Mar 2012 11:26:00 -0500 https://www.proactiveinvestors.com/companies/news/33311/xcite-energy-rowan-norway-rig-leaves-dundee-39675.html Xcite Energy reserves upgrade confirms group’s expectations, says FD Cole https://www.proactiveinvestors.com/companies/news/32901/xcite-energy-reserves-upgrade-confirms-groups-expectations-says-fd-cole-39183.html This morning Xcite upgraded the Bentley field’s reserves upgrade from 28 to 116 million barrels of oil. It addresses the shortfall, perceived by some investors, in reserves following last year's reserve report. 

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Mon, 20 Feb 2012 09:40:00 -0500 https://www.proactiveinvestors.com/companies/news/32901/xcite-energy-reserves-upgrade-confirms-groups-expectations-says-fd-cole-39183.html
Xcite Energy upgrades Bentley field oil reserves to 116 mln barrels https://www.proactiveinvestors.com/companies/news/32887/xcite-energy-upgrades-bentley-field-oil-reserves-to-116-mln-barrels-39169.html Xcite Energy today unveiled a surprise upgrade to the Bentley field oil reserves as it increased proved and probable reserves from 28 to 116 million barrels of oil.

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Mon, 20 Feb 2012 06:23:00 -0500 https://www.proactiveinvestors.com/companies/news/32887/xcite-energy-upgrades-bentley-field-oil-reserves-to-116-mln-barrels-39169.html
Xcite Energy shares back in focus for investors https://www.proactiveinvestors.com/companies/news/32865/xcite-energy-shares-back-in-focus-for-investors-39131.html Fri, 17 Feb 2012 12:58:00 -0500 https://www.proactiveinvestors.com/companies/news/32865/xcite-energy-shares-back-in-focus-for-investors-39131.html Xcite Energy shares rise as investors await Bentley start-up https://www.proactiveinvestors.com/companies/news/32687/xcite-energy-shares-rise-as-investors-await-bentley-start-up-38917.html It is believed that Xcite may be able to start work on the first development well on the Bentley oilfield at some point this month. However, before work can start, Xcite must receive approval from the British authorities.

 

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Mon, 13 Feb 2012 13:20:00 -0500 https://www.proactiveinvestors.com/companies/news/32687/xcite-energy-shares-rise-as-investors-await-bentley-start-up-38917.html
Xcite Energy completes £25.5 million share placing https://www.proactiveinvestors.com/companies/news/32622/xcite-energy-completes-255-million-share-placing--38843.html Fri, 10 Feb 2012 14:07:00 -0500 https://www.proactiveinvestors.com/companies/news/32622/xcite-energy-completes-255-million-share-placing--38843.html Xcite Energy announces changes to rig contract for Bentley development https://www.proactiveinvestors.com/companies/news/32383/xcite-energy-announces-changes-to-rig-contract-for-bentley-development-38554.html Fri, 03 Feb 2012 09:54:00 -0500 https://www.proactiveinvestors.com/companies/news/32383/xcite-energy-announces-changes-to-rig-contract-for-bentley-development-38554.html DECC confirms its support of Xcite Energy’s Bentley oilfield development - UPDATE https://www.proactiveinvestors.com/companies/news/32292/decc-confirms-its-support-of-xcite-energys-bentley-oilfield-development-update--38457.html Xcite expects the DECC to approve phase 1 of the development in the near future. It will then be able to start work in sufficient time to achieve first oil in the first half of the year.]]> Wed, 01 Feb 2012 11:41:00 -0500 https://www.proactiveinvestors.com/companies/news/32292/decc-confirms-its-support-of-xcite-energys-bentley-oilfield-development-update--38457.html DECC confirms its support of Xcite Energy’s Bentley oilfield development https://www.proactiveinvestors.com/companies/news/32269/decc-confirms-its-support-of-xcite-energys-bentley-oilfield-development-38432.html Xcite expects the DECC to approve phase 1 of the development in the near future. It will then be able to start work in sufficient time to achieve first oil in the first half of the year.

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Wed, 01 Feb 2012 06:56:00 -0500 https://www.proactiveinvestors.com/companies/news/32269/decc-confirms-its-support-of-xcite-energys-bentley-oilfield-development-38432.html
Xcite Energy draws down £3.537 mln on Esousa equity line https://www.proactiveinvestors.com/companies/news/32171/xcite-energy-draws-down-3537-mln-on-esousa-equity-line-38331.html Mon, 30 Jan 2012 06:40:00 -0500 https://www.proactiveinvestors.com/companies/news/32171/xcite-energy-draws-down-3537-mln-on-esousa-equity-line-38331.html Xcite Energy makes new funding arrangements totaling £85 mln https://www.proactiveinvestors.com/companies/news/31008/xcite-energy-makes-new-funding-arrangements-totaling-85-mln-37070.html Fri, 16 Dec 2011 14:13:00 -0500 https://www.proactiveinvestors.com/companies/news/31008/xcite-energy-makes-new-funding-arrangements-totaling-85-mln-37070.html Xcite Energy secures storage and offtake/shuttle tanker for Bentley oil field https://www.proactiveinvestors.com/companies/news/30888/xcite-energy-secures-storage-and-offtakeshuttle-tanker-for-bentley-oil-field-36938.html Wed, 14 Dec 2011 06:33:00 -0500 https://www.proactiveinvestors.com/companies/news/30888/xcite-energy-secures-storage-and-offtakeshuttle-tanker-for-bentley-oil-field-36938.html Xcite says development plan changes a more "financially efficient" way of unlocking Bentley's value - UPDATE https://www.proactiveinvestors.com/companies/news/30821/xcite-says-development-plan-changes-a-more-financially-efficient-way-of-unlocking-bentleys-value-update-36854.html Xcite Energy said the changes to its field development plan provide a “viable and more financially efficient” means of commercialising the Bentley North Sea oil field.

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Mon, 12 Dec 2011 12:34:00 -0500 https://www.proactiveinvestors.com/companies/news/30821/xcite-says-development-plan-changes-a-more-financially-efficient-way-of-unlocking-bentleys-value-update-36854.html
Xcite says development plan changes a more "financially efficient" way of unlocking Bentley's value https://www.proactiveinvestors.com/companies/news/30811/xcite-says-development-plan-changes-a-more-financially-efficient-way-of-unlocking-bentleys-value-36844.html Xcite Energy said the changes to its field development plan provide a “viable and more financially efficient” means of commercialising the Bentley North Sea oil field.

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Mon, 12 Dec 2011 06:40:00 -0500 https://www.proactiveinvestors.com/companies/news/30811/xcite-says-development-plan-changes-a-more-financially-efficient-way-of-unlocking-bentleys-value-36844.html
Xcite Energy says Bentley rig now on hire; deployment scheduled for next February https://www.proactiveinvestors.com/companies/news/30530/xcite-energy-says-bentley-rig-now-on-hire-deployment-scheduled-for-next-february-36496.html Xcite Energy has confirmed that the Rowan Norway rig, which will be used to develop the company’s Bentley heavy oil field, is now on hire. A work programme in Dundee will see the jack-up rig modified and “appropriately equipped and prepared” for deployment. 

 

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Mon, 05 Dec 2011 06:26:00 -0500 https://www.proactiveinvestors.com/companies/news/30530/xcite-energy-says-bentley-rig-now-on-hire-deployment-scheduled-for-next-february-36496.html
Xcite Energy still a buy, according to broker Oriel Securities https://www.proactiveinvestors.com/companies/news/30489/xcite-energy-still-a-buy-according-to-broker-oriel-securities--36440.html The broker says that trading is likely to remain volatile until the development plan is approved by the UK government's Department of Energy and Climate Change and visible financing is in place.

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Fri, 02 Dec 2011 12:03:00 -0500 https://www.proactiveinvestors.com/companies/news/30489/xcite-energy-still-a-buy-according-to-broker-oriel-securities--36440.html
Xcite Energy: Changes to Bentley development plan are a positive step forward, says FD Cole https://www.proactiveinvestors.com/companies/news/30463/xcite-energy-changes-to-bentley-development-plan-are-a-positive-step-forward-says-fd-cole--36397.html Xcite FD Rupert Cole said he understands that in isolation today’s statement has caused some investors to ask questions. But in the overall context of the Bentley development and the broader economic environment he beleives it is a positive step forward.

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Thu, 01 Dec 2011 17:20:00 -0500 https://www.proactiveinvestors.com/companies/news/30463/xcite-energy-changes-to-bentley-development-plan-are-a-positive-step-forward-says-fd-cole--36397.html
UPDATE: Xcite Energy reveals changes for a more financially efficient Bentley oilfield development https://www.proactiveinvestors.com/companies/news/30448/update-xcite-energy-reveals-changes-for-a-more-financially-efficient-bentley-oilfield-development--36382.html Xcite says it will still achieve first oil next year and the new plan provides a more financially efficient outcome.

 

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Thu, 01 Dec 2011 10:06:00 -0500 https://www.proactiveinvestors.com/companies/news/30448/update-xcite-energy-reveals-changes-for-a-more-financially-efficient-bentley-oilfield-development--36382.html
Xcite Energy reveals changes for a more financially efficient Bentley oilfield development https://www.proactiveinvestors.com/companies/news/30436/xcite-energy-reveals-changes-for-a-more-financially-efficient-bentley-oilfield-development-36370.html The change comes in response to feedback on the group’s field development plan from the UK government’s Department of Energy and Climate Change (DECC). Xcite says it will still achieve first oil next year and the new plan provides a more financially efficient outcome.

 

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Thu, 01 Dec 2011 06:52:00 -0500 https://www.proactiveinvestors.com/companies/news/30436/xcite-energy-reveals-changes-for-a-more-financially-efficient-bentley-oilfield-development-36370.html
Xcite Energy "making good progress" in agreeing a field development plan https://www.proactiveinvestors.com/companies/news/29786/xcite-energy-making-good-progress-in-agreeing-a-field-development-plan--35610.html Xcite Energy said today financing discussions are progressing “satisfactorily” as it revealed it is making “good progress” in agreeing a development plan for the Bentley field in the North Sea.

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Tue, 15 Nov 2011 06:38:00 -0500 https://www.proactiveinvestors.com/companies/news/29786/xcite-energy-making-good-progress-in-agreeing-a-field-development-plan--35610.html
Xcite Energy makes £2.5 million drawdown on Yorkville equity facility https://www.proactiveinvestors.com/companies/news/29683/xcite-energy-makes-25-million-drawdown-on-yorkville-equity-facility-35495.html Fri, 11 Nov 2011 06:53:00 -0500 https://www.proactiveinvestors.com/companies/news/29683/xcite-energy-makes-25-million-drawdown-on-yorkville-equity-facility-35495.html Xcite Energy draws down £3.2 million from Yorkville equity line https://www.proactiveinvestors.com/companies/news/29079/xcite-energy-draws-down-32-million-from-yorkville-equity-line-34755.html Tue, 25 Oct 2011 06:35:00 -0400 https://www.proactiveinvestors.com/companies/news/29079/xcite-energy-draws-down-32-million-from-yorkville-equity-line-34755.html Xcite Energy rig arrives in Dundee; progress report sends shares up 10 pct https://www.proactiveinvestors.com/companies/news/28591/xcite-energy-rig-arrives-in-dundee-progress-report-sends-shares-up-10-pct--34168.html Mon, 10 Oct 2011 15:17:00 -0400 https://www.proactiveinvestors.com/companies/news/28591/xcite-energy-rig-arrives-in-dundee-progress-report-sends-shares-up-10-pct--34168.html Xcite Energy draws down £6.9mln; shares climb as CFO ups stake https://www.proactiveinvestors.com/companies/news/27687/xcite-energy-draws-down-69mln-shares-climb-as-cfo-ups-stake-33065.html Tue, 13 Sep 2011 15:08:00 -0400 https://www.proactiveinvestors.com/companies/news/27687/xcite-energy-draws-down-69mln-shares-climb-as-cfo-ups-stake-33065.html Xcite Energy takes another big step towards Bentley's oil production https://www.proactiveinvestors.com/companies/news/26381/xcite-energy-takes-another-big-step-towards-bentleys-oil-production-31474.html The AIM-listed oil firm has now submitted the final draft of its field development plan for the Bentley heavy oilfield to the UK’s Department of Energy and Climate Change (DECC). Analysts reckon the oil field development could get approval in around three months.

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Wed, 03 Aug 2011 12:59:00 -0400 https://www.proactiveinvestors.com/companies/news/26381/xcite-energy-takes-another-big-step-towards-bentleys-oil-production-31474.html
Xcite Energy submits Bentley field development plan to DECC https://www.proactiveinvestors.com/companies/news/26353/xcite-energy-submits-bentley-field-development-plan-to-decc-31445.html Wed, 03 Aug 2011 06:57:00 -0400 https://www.proactiveinvestors.com/companies/news/26353/xcite-energy-submits-bentley-field-development-plan-to-decc-31445.html Xcite Energy satisfied with the progress in project finance talks https://www.proactiveinvestors.com/companies/news/26204/xcite-energy-satisfied-with-the-progress-in-project-finance-talks-31274.html Fri, 29 Jul 2011 06:28:00 -0400 https://www.proactiveinvestors.com/companies/news/26204/xcite-energy-satisfied-with-the-progress-in-project-finance-talks-31274.html Xcite Energy submits Bentley field environment statement to DECC https://www.proactiveinvestors.com/companies/news/26054/xcite-energy-submits-bentley-field-environment-statement-to-decc--31098.html Xcite Energy has now submitted its environmental statement for the First Stage Production (FSP) on the Bentley oilfield to the UK Department of Energy and Climate Change (DECC).

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Tue, 26 Jul 2011 06:32:00 -0400 https://www.proactiveinvestors.com/companies/news/26054/xcite-energy-submits-bentley-field-environment-statement-to-decc--31098.html
Xcite Energy gets further cash boost with £4.2 million from Yorkville equity-line https://www.proactiveinvestors.com/companies/news/25817/xcite-energy-gets-further-cash-boost-with-42-million-from-yorkville-equity-line-30820.html Tue, 19 Jul 2011 07:34:00 -0400 https://www.proactiveinvestors.com/companies/news/25817/xcite-energy-gets-further-cash-boost-with-42-million-from-yorkville-equity-line-30820.html Xcite Energy rig update very likely to be taken as a major buying opportunity, says Arbuthnot https://www.proactiveinvestors.com/companies/news/25632/xcite-energy-rig-update-very-likely-to-be-taken-as-a-major-buying-opportunity-says-arbuthnot-30591.html Wed, 13 Jul 2011 11:16:00 -0400 https://www.proactiveinvestors.com/companies/news/25632/xcite-energy-rig-update-very-likely-to-be-taken-as-a-major-buying-opportunity-says-arbuthnot-30591.html Xcite Energy: New rig ready for transport to Dundee; Bentley field development on track https://www.proactiveinvestors.com/companies/news/25605/xcite-energy-new-rig-ready-for-transport-to-dundee-bentley-field-development-on-track-30566.html Wed, 13 Jul 2011 06:23:00 -0400 https://www.proactiveinvestors.com/companies/news/25605/xcite-energy-new-rig-ready-for-transport-to-dundee-bentley-field-development-on-track-30566.html North Sea oilfield developers boosted by new tax changes; Xcite Energy shares hit 247p https://www.proactiveinvestors.com/companies/news/25339/north-sea-oilfield-developers-boosted-by-new-tax-changes-xcite-energy-shares-hit-247p-30254.html North Sea oilfield developers got a boost from the British taxman today. The Treasury is going to increase the annual rate of the ‘Ring Fence Expenditure Supplement’ (RFES) from 6 to 10 percent - which means that companies with insufficient taxable income will be able to increase the value of losses carried forward from one period to the next. 

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Tue, 05 Jul 2011 14:01:00 -0400 https://www.proactiveinvestors.com/companies/news/25339/north-sea-oilfield-developers-boosted-by-new-tax-changes-xcite-energy-shares-hit-247p-30254.html
Xcite Energy shares show signs of recovery https://www.proactiveinvestors.com/companies/news/25172/xcite-energy-shares-show-signs-of-recovery-30076.html Shares in the AIM-listed oilfield developer have gained around 50 percent since Tuesday. We look at some of the signs that are pointing to a recovery for the shares, including major share purchases by key directors.

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Thu, 30 Jun 2011 12:56:00 -0400 https://www.proactiveinvestors.com/companies/news/25172/xcite-energy-shares-show-signs-of-recovery-30076.html
Xcite Energy gets £12.5 mln cash boost from Yorkville equity-line, directors to buy 2 mln shares https://www.proactiveinvestors.com/companies/news/25145/xcite-energy-gets-125-mln-cash-boost-from-yorkville-equity-line-directors-to-buy-2-mln-shares-30048.html Thu, 30 Jun 2011 07:38:00 -0400 https://www.proactiveinvestors.com/companies/news/25145/xcite-energy-gets-125-mln-cash-boost-from-yorkville-equity-line-directors-to-buy-2-mln-shares-30048.html Xcite shares rebound 20 percent https://www.proactiveinvestors.com/companies/news/25116/xcite-shares-rebound-20-percent-30000.html Wed, 29 Jun 2011 15:14:00 -0400 https://www.proactiveinvestors.com/companies/news/25116/xcite-shares-rebound-20-percent-30000.html Morgan Stanley points to undervalued North Sea oil and gas plays https://www.proactiveinvestors.com/companies/news/24804/morgan-stanley-points-to-undervalued-north-sea-oil-and-gas-plays-29626.html Fears the government may again hike the UK oil and gas production levy have combined with recent downbeat exploration results from the North Sea to undermine companies operating in the region. Broker Morgan Stanley reckons some of the players are looking undervalued as a result.

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Tue, 21 Jun 2011 10:34:00 -0400 https://www.proactiveinvestors.com/companies/news/24804/morgan-stanley-points-to-undervalued-north-sea-oil-and-gas-plays-29626.html
Xcite Energy narrows Q1 loss as it prepares for Bentley oil field production https://www.proactiveinvestors.com/companies/news/23958/xcite-energy-narrows-q1-loss-as-it-prepares-for-bentley-oil-field-production-28593.html Wed, 25 May 2011 06:47:00 -0400 https://www.proactiveinvestors.com/companies/news/23958/xcite-energy-narrows-q1-loss-as-it-prepares-for-bentley-oil-field-production-28593.html Xcite Energy hires high profile advisors as it prepares for first stage production on Bentley field https://www.proactiveinvestors.com/companies/news/23774/xcite-energy-hires-high-profile-advisors-as-it-prepares-for-first-stage-production-on-bentley-field-28375.html The North Sea oil firm has hired Morgan Stanley and Oriel Securities as its new corporate brokers and it has also hired Rothschild as new financial advisors. These corporate appointments have come at a key moment as Xcite embarks on a programme to start the first stage production on the Bentley oil field by the end of 2011.

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Wed, 18 May 2011 14:09:00 -0400 https://www.proactiveinvestors.com/companies/news/23774/xcite-energy-hires-high-profile-advisors-as-it-prepares-for-first-stage-production-on-bentley-field-28375.html
Xcite Energy hires Morgan Stanley, Oriel Securities and Rothschild https://www.proactiveinvestors.com/companies/news/23755/xcite-energy-hires-morgan-stanley-oriel-securities-and-rothschild-28357.html Wed, 18 May 2011 07:54:00 -0400 https://www.proactiveinvestors.com/companies/news/23755/xcite-energy-hires-morgan-stanley-oriel-securities-and-rothschild-28357.html Xcite Energy shares advance on latest update for Bentley field https://www.proactiveinvestors.com/companies/news/23724/xcite-energy-shares-advance-on-latest-update-for-bentley-field--28320.html Importantly this morning’s report highlighted that there are no remaining technical contingencies for the core area. Consequently Xcite plans to submit a development plan for both the first and second stage production – a move which is expected to boost 2P reserves.

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Tue, 17 May 2011 09:46:00 -0400 https://www.proactiveinvestors.com/companies/news/23724/xcite-energy-shares-advance-on-latest-update-for-bentley-field--28320.html
Xcite Energy shares drop in volatile trading after key reserves report https://www.proactiveinvestors.com/companies/news/23507/xcite-energy-shares-drop-in-volatile-trading-after-key-reserves-report-28067.html At one point the shares were down 40 percent as disappointment turned to fear among some of AIM’s investors. It was in response to what on the face of it appeared to be positive update. Xcite’s Rupert Cole told Proactive Investors that management remain positive about the project and that they still see the Bentley field as a very robust heavy oilfield development.

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Tue, 10 May 2011 14:54:00 -0400 https://www.proactiveinvestors.com/companies/news/23507/xcite-energy-shares-drop-in-volatile-trading-after-key-reserves-report-28067.html
Xcite Energy: Reserves report values Bentley oilfield between US$890 mln and US$1.8 bln https://www.proactiveinvestors.com/companies/news/23487/xcite-energy-reserves-report-values-bentley-oilfield-between-us890-mln-and-us18-bln-28047.html Bentley’s oil reserves for the first stage production phase were estimated between 22 - 35 million barrels of oil, worth US229 - US$558 million. The report also estimated contingent resources for the second stage production at 73 - 101 million barrels of oil, worth US$661 million - US$1.315 billion.

 

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Tue, 10 May 2011 06:48:00 -0400 https://www.proactiveinvestors.com/companies/news/23487/xcite-energy-reserves-report-values-bentley-oilfield-between-us890-mln-and-us18-bln-28047.html
Xcite Energy: Market is too cautious on Bentley field’s chances says City analyst https://www.proactiveinvestors.com/companies/news/23094/xcite-energy-market-is-too-cautious-on-bentley-fields-chances-says-city-analyst--27545.html This morning Evolution’s David Farrell initiated coverage with a ‘buy’ recommendation, which targets 416 pence a share. After 2010’s successful flow test Xcite has been working to update a reserves assessment report and advance to first stage production.

 

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Wed, 20 Apr 2011 12:34:00 -0400 https://www.proactiveinvestors.com/companies/news/23094/xcite-energy-market-is-too-cautious-on-bentley-fields-chances-says-city-analyst--27545.html
Xcite Energy draws down £6 mln from Yorkville SEDA https://www.proactiveinvestors.com/companies/news/23008/xcite-energy-draws-down-6-mln-from-yorkville-seda-27445.html Mon, 18 Apr 2011 08:14:00 -0400 https://www.proactiveinvestors.com/companies/news/23008/xcite-energy-draws-down-6-mln-from-yorkville-seda-27445.html Rupert Cole at Xcite Energy says it’s almost set for first stage production https://www.proactiveinvestors.com/companies/news/300827/rupert-cole-at-xcite-energy-says-its-almost-set-for-first-stage-production-723.html Mon, 11 Apr 2011 14:00:00 -0400 https://www.proactiveinvestors.com/companies/news/300827/rupert-cole-at-xcite-energy-says-its-almost-set-for-first-stage-production-723.html Xcite Energy draws down £5 mln from Yorkville SEDA https://www.proactiveinvestors.com/companies/news/22418/xcite-energy-draws-down-5-mln-from-yorkville-seda--26737.html Mon, 28 Mar 2011 06:36:00 -0400 https://www.proactiveinvestors.com/companies/news/22418/xcite-energy-draws-down-5-mln-from-yorkville-seda--26737.html Xcite Energy shares pick up as co says UK oil tax changes won’t affect Bentley development plans https://www.proactiveinvestors.com/companies/news/22382/xcite-energy-shares-pick-up-as-co-says-uk-oil-tax-changes-wont-affect-bentley-development-plans-26700.html The AIM-listed shares have recouped much of the ground lost since the new oil tax hikes were unveiled on Wednesday. Today Xcite told investors that the budget won't affect its plans to develop its massive heavy oilfield and promised that an upcoming reserves report will provide a catalyst for the development to move forward rapidly. Meanwhile City analysts repeated bullish recommendations.

 

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Fri, 25 Mar 2011 10:49:00 -0400 https://www.proactiveinvestors.com/companies/news/22382/xcite-energy-shares-pick-up-as-co-says-uk-oil-tax-changes-wont-affect-bentley-development-plans-26700.html
Xcite Energy says oil tax changes will not affect Bentley development plans https://www.proactiveinvestors.com/companies/news/22369/xcite-energy-says-oil-tax-changes-will-not-affect-bentley-development-plans-26687.html The North Sea oilfield developer told investors that the changes to the oil tax announced in this week's UK budget won’t affect it plans for the first stage development of the Bentley field. It highlighted that an increase in heavy oil tax allowances will materially offset the effects of the increased supplemental corporation tax. The assertion came as part of its full year results, in which it looked forward to the next exciting phase of Bentley's development.

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Fri, 25 Mar 2011 06:56:00 -0400 https://www.proactiveinvestors.com/companies/news/22369/xcite-energy-says-oil-tax-changes-will-not-affect-bentley-development-plans-26687.html
Xcite Energy extends equity line to £100 million https://www.proactiveinvestors.com/companies/news/22179/xcite-energy-extends-equity-line-to-100-million-26449.html Fri, 18 Mar 2011 06:49:00 -0400 https://www.proactiveinvestors.com/companies/news/22179/xcite-energy-extends-equity-line-to-100-million-26449.html Rupert Cole of Xcite Energy believes there’s still significant upside on asset value https://www.proactiveinvestors.com/companies/news/300792/rupert-cole-of-xcite-energy-believes-theres-still-significant-upside-on-asset-value-.html Fri, 04 Mar 2011 11:44:00 -0500 https://www.proactiveinvestors.com/companies/news/300792/rupert-cole-of-xcite-energy-believes-theres-still-significant-upside-on-asset-value-.html Xcite gears up for a busy year while investors pause to catch their breath https://www.proactiveinvestors.com/companies/news/21767/xcite-gears-up-for-a-busy-year-while-investors-pause-to-catch-their-breath-25959.html It seems today's announcement on the timing of the company's updated reserves report failed to get investors excited. However there are plenty more milestones this year as the company prepares for first production in the opening three months of 2012.

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Mon, 28 Feb 2011 11:09:00 -0500 https://www.proactiveinvestors.com/companies/news/21767/xcite-gears-up-for-a-busy-year-while-investors-pause-to-catch-their-breath-25959.html
Xcite says updated reserves report is set to be published by the end of next month https://www.proactiveinvestors.com/companies/news/21751/xcite-says-updated-reserves-report-is-set-to-be-published-by-the-end-of-next-month-25942.html We'll soon know what all the fuss is about as the company updates its reserves for the first time in two years. Analysts are excited about the potential of the Bentley Field in the North Sea after an initial test well provided some positive initial results last December.

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Mon, 28 Feb 2011 06:48:00 -0500 https://www.proactiveinvestors.com/companies/news/21751/xcite-says-updated-reserves-report-is-set-to-be-published-by-the-end-of-next-month-25942.html
Xcite taps draw-down facility for a further £5 million https://www.proactiveinvestors.com/companies/news/21635/xcite-taps-draw-down-facility-for-a-further-5-million-25795.html Wed, 23 Feb 2011 06:41:00 -0500 https://www.proactiveinvestors.com/companies/news/21635/xcite-taps-draw-down-facility-for-a-further-5-million-25795.html Xcite Energy hires rig for first stage oil production at Bentley field https://www.proactiveinvestors.com/companies/news/21389/xcite-energy-hires-rig-for-first-stage-oil-production-at-bentley-field-25497.html Mon, 14 Feb 2011 07:51:00 -0500 https://www.proactiveinvestors.com/companies/news/21389/xcite-energy-hires-rig-for-first-stage-oil-production-at-bentley-field-25497.html Xcite Energy: City analyst looks ahead to Bentley field’s important milestones https://www.proactiveinvestors.com/companies/news/21083/xcite-energy-city-analyst-looks-ahead-to-bentley-fields-important-milestones--25128.html Arbuthnot Securities analyst Dougie Youngson expects that a new competent persons report (CPR) for the Bentley field will upgrade the current oil reserves.The stock was transformed in 2010, as it rocketed over 500 percent. But with a 600 pence target, Youngson sees plenty more to come for the popular oil junior. He reckons that after the success of last year’s appraisal well the new reserve figure could come in towards the top end of expectations. 

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Tue, 01 Feb 2011 12:19:00 -0500 https://www.proactiveinvestors.com/companies/news/21083/xcite-energy-city-analyst-looks-ahead-to-bentley-fields-important-milestones--25128.html
Xcite Energy extends rig hire contract, draws down from SEDA https://www.proactiveinvestors.com/companies/news/21064/xcite-energy-extends-rig-hire-contract-draws-down-from-seda-25094.html Tue, 01 Feb 2011 06:22:00 -0500 https://www.proactiveinvestors.com/companies/news/21064/xcite-energy-extends-rig-hire-contract-draws-down-from-seda-25094.html Xcite Energy extends deadline to hire rig for Bentley field https://www.proactiveinvestors.com/companies/news/20621/xcite-energy-extends-deadline-to-hire-rig-for-bentley-field-24581.html Fri, 14 Jan 2011 06:39:00 -0500 https://www.proactiveinvestors.com/companies/news/20621/xcite-energy-extends-deadline-to-hire-rig-for-bentley-field-24581.html Xcite successfully suspends well 9/3b-6z as it begins assessing data https://www.proactiveinvestors.com/companies/news/20381/xcite-successfully-suspends-well-93b-6z-as-it-begins-assessing-data-24307.html Tue, 04 Jan 2011 08:30:00 -0500 https://www.proactiveinvestors.com/companies/news/20381/xcite-successfully-suspends-well-93b-6z-as-it-begins-assessing-data-24307.html Xcite Energy shares soar as it proves Bentley oil field is commercial https://www.proactiveinvestors.com/companies/news/20271/xcite-energy-shares-soar-as-it-proves-bentley-oil-field-is-commercial-24188.html Investors have waited for this news for months and many saw it as a make or break moment for Xcite. This morning’s flow test results confirmed that the Bentley oilfield can produce oil at a commercial rate. The news sent the shares above 420 pence, up over 30 percent and prompted upgrades from analysts.

 

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Tue, 21 Dec 2010 10:15:00 -0500 https://www.proactiveinvestors.com/companies/news/20271/xcite-energy-shares-soar-as-it-proves-bentley-oil-field-is-commercial-24188.html
Xcite Energy reports successful flow test of 9/3b-6z well in Bentley field https://www.proactiveinvestors.com/companies/news/20257/xcite-energy-reports-successful-flow-test-of-93b-6z-well-in-bentley-field-24167.html Tue, 21 Dec 2010 06:28:00 -0500 https://www.proactiveinvestors.com/companies/news/20257/xcite-energy-reports-successful-flow-test-of-93b-6z-well-in-bentley-field-24167.html Xcite Energy shares surge as it starts crucial Bentley flow test https://www.proactiveinvestors.com/companies/news/20237/xcite-energy-shares-surge-as-it-starts-crucial-bentley-flow-test--24144.html Mon, 20 Dec 2010 09:57:00 -0500 https://www.proactiveinvestors.com/companies/news/20237/xcite-energy-shares-surge-as-it-starts-crucial-bentley-flow-test--24144.html Xcite Energy ups SEDA funding deal to £60 million https://www.proactiveinvestors.com/companies/news/20189/xcite-energy-ups-seda-funding-deal-to-60-million-24094.html Fri, 17 Dec 2010 06:38:00 -0500 https://www.proactiveinvestors.com/companies/news/20189/xcite-energy-ups-seda-funding-deal-to-60-million-24094.html Xcite Energy extends deadline to enter firm production rig deal for Bentley field https://www.proactiveinvestors.com/companies/news/20181/xcite-energy-extends-deadline-to-enter-firm-production-rig-deal-for-bentley-field-24084.html Thu, 16 Dec 2010 12:58:00 -0500 https://www.proactiveinvestors.com/companies/news/20181/xcite-energy-extends-deadline-to-enter-firm-production-rig-deal-for-bentley-field-24084.html Xcite Energy says test work on Bentley has been delayed by glitch https://www.proactiveinvestors.com/companies/news/20117/xcite-energy-says-test-work-on-bentley-has-been-delayed-by-glitch-24009.html Wed, 15 Dec 2010 06:53:00 -0500 https://www.proactiveinvestors.com/companies/news/20117/xcite-energy-says-test-work-on-bentley-has-been-delayed-by-glitch-24009.html Xcite Energy’s Bentley field flow test delayed by weather https://www.proactiveinvestors.com/companies/news/19881/xcite-energys-bentley-field-flow-test-delayed-by-weather-23727.html Tue, 07 Dec 2010 06:29:00 -0500 https://www.proactiveinvestors.com/companies/news/19881/xcite-energys-bentley-field-flow-test-delayed-by-weather-23727.html Xcite Energy shares advance further as investors await crucial Bentley flow test https://www.proactiveinvestors.com/companies/news/19813/xcite-energy-shares-advance-further-as-investors-await-crucial-bentley-flow-test-23650.html Fri, 03 Dec 2010 11:05:00 -0500 https://www.proactiveinvestors.com/companies/news/19813/xcite-energy-shares-advance-further-as-investors-await-crucial-bentley-flow-test-23650.html Xcite Energy sets up rights plan to protect investors https://www.proactiveinvestors.com/companies/news/19709/xcite-energy-sets-up-rights-plan-to-protect-investors-23510.html Tue, 30 Nov 2010 13:57:00 -0500 https://www.proactiveinvestors.com/companies/news/19709/xcite-energy-sets-up-rights-plan-to-protect-investors-23510.html Xcite Energy draws down £6 mln to progress Bentley oil field in North Sea to production https://www.proactiveinvestors.com/companies/news/19557/xcite-energy-draws-down-6-mln-to-progress-bentley-oil-field-in-north-sea-to-production-23339.html Thu, 25 Nov 2010 09:30:00 -0500 https://www.proactiveinvestors.com/companies/news/19557/xcite-energy-draws-down-6-mln-to-progress-bentley-oil-field-in-north-sea-to-production-23339.html Xcite Energy to flow-test Bentley field well in 1st week of December https://www.proactiveinvestors.com/companies/news/19505/xcite-energy-to-flow-test-bentley-field-well-in-1st-week-of-december-23282.html Tue, 23 Nov 2010 14:08:00 -0500 https://www.proactiveinvestors.com/companies/news/19505/xcite-energy-to-flow-test-bentley-field-well-in-1st-week-of-december-23282.html Xcite Energy contracts first stage production rig for Bentley oil field https://www.proactiveinvestors.com/companies/news/19364/xcite-energy-contracts-first-stage-production-rig-for-bentley-oil-field-23119.html Wed, 17 Nov 2010 14:31:00 -0500 https://www.proactiveinvestors.com/companies/news/19364/xcite-energy-contracts-first-stage-production-rig-for-bentley-oil-field-23119.html Xcite Energy doubles YA Global equity line to £40 mln to progress Bentley field https://www.proactiveinvestors.com/companies/news/19256/xcite-energy-doubles-ya-global-equity-line-to-40-mln-to-progress-bentley-field-23000.html Mon, 15 Nov 2010 07:04:00 -0500 https://www.proactiveinvestors.com/companies/news/19256/xcite-energy-doubles-ya-global-equity-line-to-40-mln-to-progress-bentley-field-23000.html Xcite Energy shares advance again as pivotal well reaches target depth https://www.proactiveinvestors.com/companies/news/19088/xcite-energy-shares-advance-again-as-pivotal-well-reaches-target-depth--22813.html Xcite hit another new record high this morning, with a 13 percent rise to 277p, after the horizontal section of the 9/3b-6 well reached target depth. It has successfully tracked the top of the reservoir for 1,800 feet of gross reservoir, now an increasing number of investors await the testing phase intently.

 

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Mon, 08 Nov 2010 12:02:00 -0500 https://www.proactiveinvestors.com/companies/news/19088/xcite-energy-shares-advance-again-as-pivotal-well-reaches-target-depth--22813.html
Xcite successfully tracks oil reservoir in horizontal Bentley field well https://www.proactiveinvestors.com/companies/news/19070/xcite-successfully-tracks-oil-reservoir-in-horizontal-bentley-field-well--22791.html Mon, 08 Nov 2010 06:49:00 -0500 https://www.proactiveinvestors.com/companies/news/19070/xcite-successfully-tracks-oil-reservoir-in-horizontal-bentley-field-well--22791.html Investors bet on North Sea success as Xcite hits a new record https://www.proactiveinvestors.com/companies/news/19042/investors-bet-on-north-sea-success-as-xcite-hits-a-new-record-22762.html The star of the week is undoubtedly Xcite Energy, whose shares have jumped almost 50 per cent in the past five days. We look at why investors are are suddenly buying into this North Sea heavy oil play which is developing the Bentley field 100 miles east of the Shetland Islands.

 

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Fri, 05 Nov 2010 13:31:00 -0400 https://www.proactiveinvestors.com/companies/news/19042/investors-bet-on-north-sea-success-as-xcite-hits-a-new-record-22762.html
Xcite Energy draws down £7 mln under YA Global equity line https://www.proactiveinvestors.com/companies/news/19001/xcite-energy-draws-down-7-mln-under-ya-global-equity-line-22714.html Thu, 04 Nov 2010 06:54:00 -0400 https://www.proactiveinvestors.com/companies/news/19001/xcite-energy-draws-down-7-mln-under-ya-global-equity-line-22714.html Xcite Energy update reinforces optimism over North Sea well https://www.proactiveinvestors.com/companies/news/18891/xcite-energy-update-reinforces-optimism-over-north-sea-well-22587.html Mon, 01 Nov 2010 06:49:00 -0400 https://www.proactiveinvestors.com/companies/news/18891/xcite-energy-update-reinforces-optimism-over-north-sea-well-22587.html Xcite Energy enhances 9/3 area potential in North Sea with two new licenses https://www.proactiveinvestors.com/companies/news/18815/xcite-energy-enhances-93-area-potential-in-north-sea-with-two-new-licenses-22501.html Thu, 28 Oct 2010 07:29:00 -0400 https://www.proactiveinvestors.com/companies/news/18815/xcite-energy-enhances-93-area-potential-in-north-sea-with-two-new-licenses-22501.html Xcite Energy shares lifted by success of Bentley field development well https://www.proactiveinvestors.com/companies/news/18714/xcite-energy-shares-lifted-by-success-of-bentley-field-development-well-22377.html The pilot section of the key 9/3b-6 development well has reached target depth, encountering a larger than expected oil column. The company believes the results will lead to a significant increase the Bentley field’s oil in place.

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Mon, 25 Oct 2010 10:05:00 -0400 https://www.proactiveinvestors.com/companies/news/18714/xcite-energy-shares-lifted-by-success-of-bentley-field-development-well-22377.html
Xcite Energy valuation could rise significantly - Edison https://www.proactiveinvestors.com/companies/news/18659/xcite-energy-valuation-could-rise-significantly-edison-22317.html Thu, 21 Oct 2010 14:30:00 -0400 https://www.proactiveinvestors.com/companies/news/18659/xcite-energy-valuation-could-rise-significantly-edison-22317.html Xcite Energy starts operations at Bentley oil field pilot well in UK North Sea https://www.proactiveinvestors.com/companies/news/18011/xcite-energy-starts-operations-at-bentley-oil-field-pilot-well-in-uk-north-sea-21564.html Wed, 29 Sep 2010 14:33:00 -0400 https://www.proactiveinvestors.com/companies/news/18011/xcite-energy-starts-operations-at-bentley-oil-field-pilot-well-in-uk-north-sea-21564.html Xcite Energy secures up to £20 mln equity line with YA Global https://www.proactiveinvestors.com/companies/news/17928/xcite-energy-secures-up-to-20-mln-equity-line-with-ya-global-21469.html Tue, 28 Sep 2010 06:40:00 -0400 https://www.proactiveinvestors.com/companies/news/17928/xcite-energy-secures-up-to-20-mln-equity-line-with-ya-global-21469.html Xcite Energy is a development story not an exploration play, says Arbuthnot https://www.proactiveinvestors.com/companies/news/17189/xcite-energy-is-a-development-story-not-an-exploration-play-says-arbuthnot-20634.html Wed, 01 Sep 2010 13:29:00 -0400 https://www.proactiveinvestors.com/companies/news/17189/xcite-energy-is-a-development-story-not-an-exploration-play-says-arbuthnot-20634.html Xcite Energy Chief Executive looks ahead to “transformational few months” https://www.proactiveinvestors.com/companies/news/17094/xcite-energy-chief-executive-looks-ahead-to-transformational-few-months-20529.html Fri, 27 Aug 2010 14:57:00 -0400 https://www.proactiveinvestors.com/companies/news/17094/xcite-energy-chief-executive-looks-ahead-to-transformational-few-months-20529.html Xcite Energy raises C$9.3m for Bentley field work programme https://www.proactiveinvestors.com/companies/news/16981/xcite-energy-raises-c93m-for-bentley-field-work-programme-20403.html Tue, 24 Aug 2010 13:54:00 -0400 https://www.proactiveinvestors.com/companies/news/16981/xcite-energy-raises-c93m-for-bentley-field-work-programme-20403.html Xcite Energy to raise C$8.5m and enhance Bentley Field drilling program https://www.proactiveinvestors.com/companies/news/16842/xcite-energy-to-raise-c85m-and-enhance-bentley-field-drilling-program--20251.html Fri, 20 Aug 2010 07:04:00 -0400 https://www.proactiveinvestors.com/companies/news/16842/xcite-energy-to-raise-c85m-and-enhance-bentley-field-drilling-program--20251.html Xcite Energy Bentley North sea oil field could be a “two billion dollar asset prize” https://www.proactiveinvestors.com/companies/news/300617/xcite-energy-bentley-north-sea-oil-field-could-be-a-two-billion-dollar-asset-prize-478.html Mon, 26 Jul 2010 07:16:00 -0400 https://www.proactiveinvestors.com/companies/news/300617/xcite-energy-bentley-north-sea-oil-field-could-be-a-two-billion-dollar-asset-prize-478.html Xcite Energy contracts rig for Bentley Field’s 9/3b-R well https://www.proactiveinvestors.com/companies/news/15744/xcite-energy-contracts-rig-for-bentley-fields-93b-r-well-19016.html Tue, 20 Jul 2010 06:50:00 -0400 https://www.proactiveinvestors.com/companies/news/15744/xcite-energy-contracts-rig-for-bentley-fields-93b-r-well-19016.html Xcite Energy opts for semi-submersible rig to drill 9/3b-R well on the Bentley field https://www.proactiveinvestors.com/companies/news/15167/xcite-energy-opts-for-semi-submersible-rig-to-drill-93b-r-well-on-the-bentley-field-18368.html Fri, 02 Jul 2010 08:17:00 -0400 https://www.proactiveinvestors.com/companies/news/15167/xcite-energy-opts-for-semi-submersible-rig-to-drill-93b-r-well-on-the-bentley-field-18368.html Xcite Energy ready to go ahead with pre-developmental drilling at Bentley oil field in North Sea https://www.proactiveinvestors.com/companies/news/13981/xcite-energy-ready-to-go-ahead-with-pre-developmental-drilling-at-bentley-oil-field-in-north-sea-17036.html Thu, 27 May 2010 09:32:00 -0400 https://www.proactiveinvestors.com/companies/news/13981/xcite-energy-ready-to-go-ahead-with-pre-developmental-drilling-at-bentley-oil-field-in-north-sea-17036.html Xcite Energy: exciting times ahead https://www.proactiveinvestors.com/companies/news/12752/xcite-energy-exciting-times-ahead-15616.html By around the end of June, Transocean should have one of its jack-up rigs standing on the sea bed to drill a horizontal well of around 500m with the aim of achieving a representative flow rate

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Tue, 20 Apr 2010 07:29:00 -0400 https://www.proactiveinvestors.com/companies/news/12752/xcite-energy-exciting-times-ahead-15616.html
Edison Investment Research calls Xcite’s Bentley oil field well potentially 'transformational' https://www.proactiveinvestors.com/companies/news/12702/edison-investment-research-calls-xcites-bentley-oil-field-well-potentially-transformational-15554.html Wed, 14 Apr 2010 11:45:00 -0400 https://www.proactiveinvestors.com/companies/news/12702/edison-investment-research-calls-xcites-bentley-oil-field-well-potentially-transformational-15554.html Xcite Energy notified of shareholdings by Fidelity, Ignis and Standard Life https://www.proactiveinvestors.com/companies/news/12155/xcite-energy-notified-of-shareholdings-by-fidelity-ignis-and-standard-life--14928.html Fri, 26 Mar 2010 13:31:00 -0400 https://www.proactiveinvestors.com/companies/news/12155/xcite-energy-notified-of-shareholdings-by-fidelity-ignis-and-standard-life--14928.html Xcite Energy aims to upgrade Bentley oil field resources in 2010 after progress in 2009 https://www.proactiveinvestors.com/companies/news/12107/xcite-energy-aims-to-upgrade-bentley-oil-field-resources-in-2010-after-progress-in-2009-14872.html Thu, 25 Mar 2010 10:53:00 -0400 https://www.proactiveinvestors.com/companies/news/12107/xcite-energy-aims-to-upgrade-bentley-oil-field-resources-in-2010-after-progress-in-2009-14872.html Xcite Energy completes £24.9m placing to fund Bentley field development https://www.proactiveinvestors.com/companies/news/11853/xcite-energy-completes-249m-placing-to-fund-bentley-field-development-14593.html Thu, 18 Mar 2010 14:42:00 -0400 https://www.proactiveinvestors.com/companies/news/11853/xcite-energy-completes-249m-placing-to-fund-bentley-field-development-14593.html Xcite Energy finalises terms of £24.9m placing to fund Bentley oilfield development https://www.proactiveinvestors.com/companies/news/11543/xcite-energy-finalises-terms-of-249m-placing-to-fund-bentley-oilfield-development-14229.html Wed, 10 Mar 2010 06:50:00 -0500 https://www.proactiveinvestors.com/companies/news/11543/xcite-energy-finalises-terms-of-249m-placing-to-fund-bentley-oilfield-development-14229.html Xcite Energy wins Transocean's Challenger Minerals as farm-in partner for Bentley oil field https://www.proactiveinvestors.com/companies/news/11391/xcite-energy-wins-transoceans-challenger-minerals-as-farm-in-partner-for-bentley-oil-field-14051.html Fri, 05 Mar 2010 07:21:00 -0500 https://www.proactiveinvestors.com/companies/news/11391/xcite-energy-wins-transoceans-challenger-minerals-as-farm-in-partner-for-bentley-oil-field-14051.html Xcite Energy contracts AMEC and Transocean Drilling to progress Bentley oil field development https://www.proactiveinvestors.com/companies/news/10594/xcite-energy-contracts-amec-and-transocean-drilling-to-progress-bentley-oil-field-development-13161.html It has contracted the services of blue-chip engineering group AMEC only a month after winning an offtake agreement from BP for production from this heavy oil prospect in the North Sea.

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Wed, 10 Feb 2010 09:47:00 -0500 https://www.proactiveinvestors.com/companies/news/10594/xcite-energy-contracts-amec-and-transocean-drilling-to-progress-bentley-oil-field-development-13161.html
Xcite Energy raising funds through placing to progress Bentley oil field development in North Sea https://www.proactiveinvestors.com/companies/news/10509/xcite-energy-raising-funds-through-placing-to-progress-bentley-oil-field-development-in-north-sea-13067.html Mon, 08 Feb 2010 10:02:00 -0500 https://www.proactiveinvestors.com/companies/news/10509/xcite-energy-raising-funds-through-placing-to-progress-bentley-oil-field-development-in-north-sea-13067.html Xcite Energy secures offtake deal and US$20 mln financing from BP for Bentley oil field https://www.proactiveinvestors.com/companies/news/10178/xcite-energy-secures-offtake-deal-and-us20-mln-financing-from-bp-for-bentley-oil-field-12692.html The year is staring well for Xcite: Q1 will see drilling of the first development well on Bentley and BP Oil Intl has now agreed to sell the heavy crude from the field.

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Thu, 28 Jan 2010 06:59:00 -0500 https://www.proactiveinvestors.com/companies/news/10178/xcite-energy-secures-offtake-deal-and-us20-mln-financing-from-bp-for-bentley-oil-field-12692.html
Arbuthnot gives 'extremely undervalued' Xcite a 'strong buy' rating, sets target at 133 pence https://www.proactiveinvestors.com/companies/news/8747/arbuthnot-gives-extremely-undervalued-xcite-a-strong-buy-rating-sets-target-at-133-pence-10999.html Fri, 04 Dec 2009 13:52:00 -0500 https://www.proactiveinvestors.com/companies/news/8747/arbuthnot-gives-extremely-undervalued-xcite-a-strong-buy-rating-sets-target-at-133-pence-10999.html Xcite Energy Says Its Making Progress Towards Watershed Moment As It Prepares For First Development Well In North Sea https://www.proactiveinvestors.com/companies/news/8202/xcite-energy-says-its-making-progress-towards-watershed-moment-as-it-prepares-for-first-development-well-in-north-sea-10391.html Thu, 19 Nov 2009 15:00:00 -0500 https://www.proactiveinvestors.com/companies/news/8202/xcite-energy-says-its-making-progress-towards-watershed-moment-as-it-prepares-for-first-development-well-in-north-sea-10391.html Xcite engages Fugro Well Services to drill and test production well at Bentley https://www.proactiveinvestors.com/companies/news/7302/xcite-engages-fugro-well-services-to-drill-and-test-production-well-at-bentley-9364.html Thu, 22 Oct 2009 09:30:00 -0400 https://www.proactiveinvestors.com/companies/news/7302/xcite-engages-fugro-well-services-to-drill-and-test-production-well-at-bentley-9364.html Xcite Energy completes placing to raise £2.1 mln https://www.proactiveinvestors.com/companies/news/6860/xcite-energy-completes-placing-to-raise-21-mln--8885.html Wed, 07 Oct 2009 08:27:00 -0400 https://www.proactiveinvestors.com/companies/news/6860/xcite-energy-completes-placing-to-raise-21-mln--8885.html Xcite Energy raises £2.1 mln in placing for Bentley field development https://www.proactiveinvestors.com/companies/news/6709/xcite-energy-raises-21-mln-in-placing-for-bentley-field-development-8709.html Fri, 02 Oct 2009 02:41:00 -0400 https://www.proactiveinvestors.com/companies/news/6709/xcite-energy-raises-21-mln-in-placing-for-bentley-field-development-8709.html Xcite Energy says discussions to advance Bentley Field continuing https://www.proactiveinvestors.com/companies/news/5537/xcite-energy-says-discussions-to-advance-bentley-field-continuing-7406.html Tue, 18 Aug 2009 13:59:00 -0400 https://www.proactiveinvestors.com/companies/news/5537/xcite-energy-says-discussions-to-advance-bentley-field-continuing-7406.html Xcite Energy secures Fugro services for Bentley field pre-development work https://www.proactiveinvestors.com/companies/news/4768/xcite-energy-secures-fugro-services-for-bentley-field-pre-development-work-6499.html Mon, 06 Jul 2009 14:00:00 -0400 https://www.proactiveinvestors.com/companies/news/4768/xcite-energy-secures-fugro-services-for-bentley-field-pre-development-work-6499.html Xcite Energy increases most likely oil in place at Bentley Field to 690 million barrels https://www.proactiveinvestors.com/companies/news/4573/xcite-energy-increases-most-likely-oil-in-place-at-bentley-field-to-690-million-barrels--6265.html Mon, 22 Jun 2009 14:36:00 -0400 https://www.proactiveinvestors.com/companies/news/4573/xcite-energy-increases-most-likely-oil-in-place-at-bentley-field-to-690-million-barrels--6265.html Xcite Energy One2One Investor Presentation 14 May 2009 https://www.proactiveinvestors.com/companies/news/300435/xcite-energy-one2one-investor-presentation-14-may-2009-231.html Wed, 13 May 2009 23:00:00 -0400 https://www.proactiveinvestors.com/companies/news/300435/xcite-energy-one2one-investor-presentation-14-may-2009-231.html Xcite Energy One2One Investor Presentation 14 May 2009 https://www.proactiveinvestors.com/companies/news/300144/xcite-energy-one2one-investor-presentation-14-may-2009-231.html Wed, 13 May 2009 23:00:00 -0400 https://www.proactiveinvestors.com/companies/news/300144/xcite-energy-one2one-investor-presentation-14-may-2009-231.html Xcite seeking business partners to move North Sea Bentley field ahead https://www.proactiveinvestors.com/companies/news/3530/xcite-seeking-business-partners-to-move-north-sea-bentley-field-ahead-4984.html Fri, 27 Mar 2009 14:19:00 -0400 https://www.proactiveinvestors.com/companies/news/3530/xcite-seeking-business-partners-to-move-north-sea-bentley-field-ahead-4984.html North Sea focused Xcite joins AIM https://www.proactiveinvestors.com/companies/news/1061/north-sea-focused-xcite-joins-aim-1629.html
Xcite will use the funds for the appraisal and development of heavy oil prospects in the North Sea, and in particular on Block 9/3b where the company hopes to put the Bentley Field into production. The Bentley Field was first discovered in 1977 and has a 'best estimate' contingent and prospective resource of 109 million barrels of oil.

Richard Smith, CEO, commented:

"Xcite Energy intends to become a leading player in this expanding sector and intends to be a significant independent North Sea heavy oil producer, targeting net production of 60,000 bopd and reserves of 250 mmbbl by 2012."]]>
Fri, 16 Nov 2007 02:35:00 -0500 https://www.proactiveinvestors.com/companies/news/1061/north-sea-focused-xcite-joins-aim-1629.html