Xcite Reaches TD at 2nd Bentley Planned Work Program

Xcite Energy has reached total depth on an appraisal well in the heavy oil Bentley field in the UK sector of the North Sea. The 9/3b-6z well is at a measured depth of 7,085 feet (2,160 meters) and has tracked the top of the reservoir. The reservoir in the wellbore section was encountered at 3,618 feet (1,103 meters), about 18 feet (5 meters) higher than the pre-well prognosis of 3,636 feet (1,108 meters), extending the oil column. Petrophysical analysis is under way to confirm net to gross oil pay. Completion and testing of this horizontal section is expected by the end of November. The Bentley field is located on Block 9/3b, about 160 kilometers east of the Shetland Isles. Xcite Energy wholly owns and operates the license.

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