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Xcite Energy Share News (XEL)
Share News for Xcite Energy (XEL)
| Share Price: 102.00 | Bid: 101.50 | Ask: 102.00 | Change: 0.25 (+0.25%) |  | ||||||
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Xcite Energy says trades well data with StatoilHydro
Wed, 21st May 2008 12:23
LONDON (Thomson Financial) - Appraisal and development company Xcite Energy Ltd said it has ag
The deal allows for the pre-exchange of data from the 9/3b-5 appraisal well on the Bentley field, successfully drilled by Xcite Energy, which will be reciprocated with data from the 3/28a-F(6) appraisal well on the StatoilHydro operated Bressay field, expected to be completed by mid-November 2008.
The Bressay field is principally in Blocks 3/27 and 3/28, adjacent and to the north-west of Block 9/3b.
Xcite Energy CEO Richard Smith said: 'This agreement to trade well data is an important step forward towards a wider data sharing environment for heavy oil in the UK North Sea, which in turn will potentially accelerate development of the heavy oil sector in the region.
'It is also another step forward for Xcite Energy as we focus on maximising the value of the company's resources and move towards a development solution for the Bentley field, one of the largest undeveloped heavy oil fields in the North Sea.'
tf.TFN-Europe_newsdesk@thomson.com
nes
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) - Appraisal and development company Xcite Energy Ltd said it has ag
reed to trade key well data with Statoil (UK) Ltd, the UK arm of Norwegian oil major StatoilHydro.
The deal allows for the pre-exchange of data from the 9/3b-5 appraisal well on the Bentley field, successfully drilled by Xcite Energy, which will be reciprocated with data from the 3/28a-F(6) appraisal well on the StatoilHydro operated Bressay field, expected to be completed by mid-November 2008.
The Bressay field is principally in Blocks 3/27 and 3/28, adjacent and to the north-west of Block 9/3b.
Xcite Energy CEO Richard Smith said: 'This agreement to trade well data is an important step forward towards a wider data sharing environment for heavy oil in the UK North Sea, which in turn will potentially accelerate development of the heavy oil sector in the region.
'It is also another step forward for Xcite Energy as we focus on maximising the value of the company's resources and move towards a development solution for the Bentley field, one of the largest undeveloped heavy oil fields in the North Sea.'
tf.TFN-Europe_newsdesk@thomson.com
nes
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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