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Xcite Energy Share News (XEL)
Share News for Xcite Energy (XEL)
| Share Price: 101.75 | Bid: 101.25 | Ask: 102.75 | Change: 0.00 (0.00%) |  | ||||||
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Xcite Energy swings to net loss in 14 months to Dec 31
Fri, 18th Apr 2008 14:44
LONDON (Thomson Financial) - Heavy oil company Xcite Energy Ltd. swung to a net loss of 730,28
'We are confident that we will continue the momentum through 2008 and beyond,' chief executive Richard Smith said.
The company said it intends to submit a field development plan to the UK authorities by the end of 2008, and is targeting early phased development to commence in 2009.
Xcite also said it continues to assess further opportunities to farm-in or swap into production, and added that it plans to participate in the 25th UK licensing round.
The company's cash balance as at December 31, 2007 was 21.07 million pounds, compared with 0.14 million as at October 31, 2006.
TFN.newsdesk@thomson.com
ran/rw
COPYRIGHT
Copyright Thomson Financial News Limited 2008. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
LONDON (Thomson Financial) - Heavy oil company Xcite Energy Ltd. swung to a net loss of 730,28
9 pounds in the fourteen months to end-December 2007, but said the year saw the company pass a number of key milestones, both operational and financial, towards the development of the Bentley Field.
'We are confident that we will continue the momentum through 2008 and beyond,' chief executive Richard Smith said.
The company said it intends to submit a field development plan to the UK authorities by the end of 2008, and is targeting early phased development to commence in 2009.
Xcite also said it continues to assess further opportunities to farm-in or swap into production, and added that it plans to participate in the 25th UK licensing round.
The company's cash balance as at December 31, 2007 was 21.07 million pounds, compared with 0.14 million as at October 31, 2006.
TFN.newsdesk@thomson.com
ran/rw
COPYRIGHT
Copyright Thomson Financial News Limited 2008. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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Xcite Energy Q2 loss widens; Bentley Field programme remains on track
LONDON (Thomson Financial) - Xcite Energy Ltd. said its second-quarter pretax loss widened after being hit by administrative expenses, but its p[21 Aug '08]
Xcite Energy swings to pretax profit for the 3-months to March 31
LONDON (Thomson Financial) - Xcite Energy Ltd. swung to a first-quarter pretax profit of 22,244 pounds for the three months ended March 31, 2008[22 May '08]
Xcite Energy says trades well data with StatoilHydro
LONDON (Thomson Financial) - Appraisal and development company Xcite Energy Ltd said it has agreed to trade key well data with Statoil (UK) Ltd,[21 May '08]
Xcite Energy sees commercially viable production at Bentley following review
LONDON (Thomson Financial) - Xcite Energy Ltd. said it believes that commercially viable production rates are achievable at its Bentley oil fiel[30 Apr '08]
Xcite Energy swings to net loss in 14 months to Dec 31
LONDON (Thomson Financial) - Heavy oil company Xcite Energy Ltd. swung to a net loss of 730,289 pounds in the fourteen months to end-December 20[18 Apr '08]
Xcite Energy says achieves significant step in Bentley field commercialisation
LONDON (Thomson Financial) - Xcite Energy Ltd said it has achieved a significant step forward in the understanding of the Bentley field and its[4 Feb '08]
Xcite Energy appoints CFO Rupert Cole to board
LONDON (Thomson Financial) - Xcite Energy Ltd said it has appointed its chief financial officer Rupert Cole to its board of directors. Cole is a[21 Jan '08]
Xcite Energy says 9/3b-5 appraisal well testing on target for end-Jan completion
LONDON (Thomson Financial) - Xcite Energy Ltd said the 9/3b-5 appraisal well on the Bentley field has reached its target depth on schedule and t[11 Jan '08]
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