Xcite Energy Resources Limited Company News

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Xcite Confirms $35-per-Barrel Costs for Bentley Field
Friday, May 29, 2015 Xcite Energy makes a small loss for the first quarter were confirming the project economics for the development of its Bentley field work out at $35 per barrel.

Xcite Signs Rig Provision Agreement for Bentley Field
Monday, November 17, 2014 Xcite Energy signs a deal with China Oilfield Services Limited for the provision of a new jackup rig for use on the company's Bentley field in the North Sea.

Xcite Signs Services Deal with Baker Hughes for Bentley Field
Monday, October 20, 2014 Xcite agrees a memorandum of understanding with Baker Hughes for the provision of oilfield services for the Bentley field in the UK North Sea.

Xcite Energy Raises Funds for Bentley Development
Monday, June 16, 2014 Xcite Energy raised $140 million to refinance its existing debt and fund the Bentley field development in the UK North Sea.

Xcite Continues Collaborative Approach on Bentley
Tuesday, May 20, 2014 Xcite Energy says it will continue its collaborative approach to achieve the development of its Bentley oilfield in the North Sea.

Xcite Appoints New CFO
Monday, February 03, 2014 UK North Sea-focused Xcite Energy appoints Andrew Fairclough as its new CFO.

Xcite, Amec to Begin FEED Program for Bentley Field
Wednesday, June 12, 2013 Xcite Energy agrees with AMEC to shortly begin a front-end engineering and design programme for its Bentley field in the North Sea.

Xcite Energy Cancels Rowan Rig
Friday, May 31, 2013 Xcite Energy is in discussions with alternative rig suppliers for the Bentley field development program after canceling a rig with Rowan Companies Inc.

Xcite Energy Sells Bentley Well Data
Monday, May 20, 2013 Xcite Energy sells data related to its Bentley wells in the North Sea for $15 million.

Xcite Reports on 'Excellent Year'
Tuesday, March 26, 2013 UK-focused junior Xcite Energy reports on an 'excellent year' in which it successfully completed the pre-production well test on its Bentley field in the North Sea.

Xcite Energy Concludes Pre-Production Well Test at Bentley
Thursday, September 20, 2012 Xcite Energy has successfully concluded the Bentley Field pre-production well test in the Phase 1A work program.

Xcite Energy 'Progressing Well' in Bentley Flow Test
Friday, August 03, 2012 Xcite Energy Limited announced that the pre-production flow test at the Bentley field is progressing well.

Expro Scores Heavy Oil Testing Gig for Bentley Field
Monday, July 23, 2012 Expro has been awarded a contract to provide equipment and services in support of Xcite Energy's 90 day extended well test in the Bentley field.

Xcite Energy All Smiles over Bentley Flow Test
Wednesday, July 11, 2012 Xcite Energy Limited announced that the pre-production flow test is progressing well at the Bentley field.

Xcite Energy Commences Pre-Production Flow Test at 9/03b-7 Well
Monday, July 09, 2012 Xcite Energy Limited has successfully completed the final part of the 9/03b-7 & 7z well lateral well construction work program

Xcite Energy Inks Loan Deal for Bentley Phase 2 Development
Friday, June 22, 2012 Xcite has signed a 5 year loan agreement with a group of lending institutions, which will provide funding for Phase 1B development of its Bentley heavy oil field.

Xcite Reaches TD at Bentley Well
Wednesday, June 13, 2012 Xcite Energy announced that the 9/3b-7z well has reached target depth at the Bentley Field.

Xcite Energy: Bentley Well Reaches Target Depth
Tuesday, May 29, 2012 Xcite reports that reservoir section in excess of 2,200 feet has been penetrated.

Xcite Drills Ahead at Bentley Field
Tuesday, May 08, 2012 Xcite Energy announces that drilling of the 9/3b-7 well on the Bentley field is progressing satisfactorily.

Xcite Energy Sets Out Bentley Field Work Program
Thursday, April 19, 2012 Xcite plans to recover a minimum of 45,000 barrels of oil from the 9/03b-7 wellbore during the flow test period to help ensure data gathering is as effective as possible.

Xcite Updates Drilling Ops at Bentley 9/3b-7 Well
Monday, April 02, 2012 Xcite Energy updated drilling activities at the Bentley 9/3b-7 well.

Xcite Begins Drilling Bentley Well
Monday, March 19, 2012 Drilling has commenced at Xcite's 9/3b-7 well on the Bentley Field.

Xcite Upgrade Confirms 'Major North Sea Asset'
Monday, February 20, 2012 Independent audit of Xcite?s Bentley Field upgrades 2P reserves to 116 million barrels.

Xcite Energy Negotiates Rig Amendment with Rowan
Friday, February 03, 2012 Xcite has negotiated an amendment to its rig contract with British American Offshore Limited, a subsidiary of Rowan Companies Inc.

Xcite Hires Jackup for Bentley Drilling
Monday, December 05, 2011 Xcite announced that the jackup Rowan Norway has been made available and is now on hire.

Xcite Re-Configures First Phase of Bentley Development
Thursday, December 01, 2011 In response to feedback from the DECC on the Bentley field development plan, Xcite has re-configured its approach to the first phase of development of Bentley.

Xcite Submits Field Development Plan for Bentley Field
Wednesday, August 03, 2011 Xcite announced that the final draft of the Field Development Plan for the Bentley field has now been submitted to the DECC.

Xcite: Keppel Delivers Jackup to Rowan
Wednesday, July 13, 2011 Xcite announced that the Rowan Norway rig, scheduled for use on the Bentley field, has now been delivered by the Keppel FELS shipyard in Singapore to Rowan Companies.

Xcite Touts Production Results for 2010
Friday, March 25, 2011 "These results speak for themselves. This has been an outstanding year for the Xcite team, the investors who have supported us and for the Company's development and prospects," said Richard Smith.

Xcite Lines Up Rowan Rig for Bentley Field
Monday, February 14, 2011 Xcite's subsidiary has entered into a binding drilling contract with BAOL for the N-Class Rowan Norway.

Xcite Enters LOI Extension for Rowan Jackup
Tuesday, February 01, 2011 Xcite has entered into an extension to the binding letter of intent for the N-Class Rowan Norway jackup rig.

Xcite Extends LOI for Rowan Norway
Friday, January 14, 2011 Xcite has entered into an extension to the binding LOI with BAOL for the N-Class Rowan Norway jack-up rig.

Xcite Shuts in Bentley Well for Future Production
Tuesday, January 04, 2011 Xcite announced that the 9/3b-6z well has been successfully suspended for potential future use as a production well and the Ocean Nomad drilling rig is off hire from the Bentley field location.

Xcite Tests Positive at Bentley Field
Tuesday, December 21, 2010 Xcite announced that the flow test of the 9/3b-6z horizontal well on the Bentley field has been successfully completed.

Test Phase Commenced at Bentley Field
Monday, December 20, 2010 Xcite announced that the 9/3b-6z horizontal well has commenced the test phase.

Xcite Anticipates Flow Testing at 9/3b-6z Well
Tuesday, November 23, 2010 Xcite announced that the work program for the horizontal section of the 9/3b-6z well is progressing on plan.

Xcite Reaches TD at 2nd Bentley Planned Work Program
Monday, November 08, 2010 Xcite's 9/3b-6 well has reached target depth for the second part of the planned work program, the horizontal section of the well, 9/3b-6z.

Xcite Energy Bags Blocks in UK Licensing Round
Thursday, October 28, 2010 The UK Department of Energy and Climate Change has awarded Xcite Energy Resources Limited licenses over Blocks 9/3c and 9/3d.

Xcite Energy Completes Pilot Section at Bentley Field
Monday, October 25, 2010 Xcite announced that the 9/3b-6 well on the Bentley field is progressing on plan, on schedule and has reached target depth for the first part of the planned work program, the pilot section of the well.Xcite

Xcite Energy Contracts Rig for Bentley Field
Tuesday, July 20, 2010 Xcite Energy has entered into a binding contract for the semi-submersible rig to drill the 9/3b-R well on the Bentley field.

Xcite Energy Secures Rig for Bentley Well
Friday, July 02, 2010 Xcite Energy has entered into an agreement for the Ocean Nomad semi-submersible rig to drill the 9/3b-R well on the Bentley field.

Xcite Closes Offering to Fund Bentley Field Development
Thursday, March 18, 2010 Xcite Energy has successfully raised gross proceeds of C $38.4 million through its previously reported placing of new ordinary shares, principally to institutional investors.

Challenger Minerals Takes Stake in Bentley Field
Friday, March 05, 2010 Xcite Energy signed a legally binding letter of agreement with Challenger Minerals to farm in to the Bentley field, commencing with the forthcoming 9/3b-R well intended to be drilled this summer.

Xcite Inks LOI for Deepwater Jackup in UK North Sea
Wednesday, February 10, 2010 Xcite Energy has signed a LOI for the provision of a heavy duty, deepwater jackup drilling unit to undertake the drilling and testing of the 9/3b-R well on the Company's Bentley field.

AMEC to Assist Xcite with Bentley Field Development
Wednesday, February 10, 2010 AMEC will assist Xcite Energy in demonstrating the reserves potential of the Bentley field and helping to bring the field into production.

BP Oil Agrees to Market, Sell Bentley Crude
Thursday, January 28, 2010 Xcite Energy concluded an agreement whereby BP Oil will provide the offtake services to market and sell crude oil from the Bentley field.

Xcite Energy to Raise Funds for Securing Bentley Field Partners
Friday, October 02, 2009 Xcite Energy has conditionally placed 10,141,998 new ordinary shares, the net proceeds of which will be used to assist the Company in securing the necessary industry partners to move forward to the next phase of its development of the Bentley field.

Xcite Reviews 3D Seismic Data over Bentley Field in UK North Sea
Monday, June 22, 2009 Xcite Energy reported the results of its interpretation of re-processed 3D seismic data over the Bentley field in Block 9/3b

Xcite Energy Underscores Budget for North Sea Heavy Oil Assets
Wednesday, April 29, 2009 Xcite Energy, the developer of heavy oil assets in the UK North Sea, has updated on its 2009 budget

Xcite Energy Increases Recoverable Oil at Bentley
Thursday, April 23, 2009 Xcite completed the Competent Person's Report on the Bentley field, confirming a higher resources categorisation, increased recoverable volumes of oil, significantly increased economic value and a greatly improved probability of commercial success.