Xcite Energy 'Progressing Well' in Bentley Flow Test

Xcite Energy Limited announced that the pre-production flow test at the Bentley field is progressing well.

Following planned equipment maintenance, offtake procedure testing and further optimization of process equipment, the 9/03b-7 well has been producing at a stabilized rate of approximately 3,200 barrels per day with no associated basic sediments or water. This is viewed as being well within the operational performance of the reservoir.

Bentley crude oil collected so far in the Scott Spirit tanker is in excess of 47,000 barrels of dry oil and thus achieves another major technical objective of the flow test.

Early data gathered from down hole pressure and temperature responses demonstrates that the underlying aquifer support is strong and
consistent, which is a good indicator for longer term productivity of the reservoir.

The pre-production flow test will be continued in order to determine the reservoir fluid behavior and to gather data to assist in the optimization of ultimate life-of-field performance.

Commenting on Friday's announcement Steve Kew, Chief Operating Officer, said: "With the Phase 1A work program thus far having once again demonstrated the expertise and delivery capabilities of the Xcite team, we look forward to completing the program and moving forward with the important next stages in the development of the Bentley field."