Xcite Energy Bags Blocks in UK Licensing Round

Xcite confirmed that the UK Department of Energy and Climate Change has awarded Xcite Energy Resources Limited ("XER") licenses over Blocks 9/3c and 9/3d as applied for in the UK 26th Offshore Licensing Round.

The addition of these licenses to the XER portfolio enhances the development potential of the Block 9/3 area containing the Bentley field and the prospects identified in the Licensing Round.