Xcite Submits Field Development Plan for Bentley Field

Xcite announced that the final draft of the Field Development Plan ("FDP") for the Bentley field has now been submitted to the Department of Energy and Climate Change ("DECC").

The FDP outlines the proposed development plan for the Bentley field, which addresses the first stage production program in detail and also references the second stage production program, which together encompasses the core area of the reservoir.

The Company will respond to any issues raised by DECC in the coming months, in expectation of achieving approval in due course.