Register
Login:
Share:
Email Facebook Twitter

Xcite Energy Regulatory News (XEL)



Regulatory News for Xcite Energy (XEL)


Share Price: 63.00Bid: 63.50Ask: 64.00Change: -1.00 (-1.56%)Faller - Xcite Energy
Spread: 0.50Spread as %: 0.79%Open: 64.00High: 69.00Low: 62.75Yesterday’s Close: 64.00





Xcite Energy Limited announces Rig Status Update

Mon, 5th Dec 2011 07:00

ABERDEENSHIRE, UNITED KINGDOM--(Marketwire - December 04, 2011) -

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART
DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO
WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF
SUCH JURISDICTION

TSX-V, LSE-AIM: XEL

5 December 2011

Xcite Energy Limited
("Xcite Energy" or the "Company")

Rig Status Update

The Company announces that, as expected, the Rowan Norway jack-up rig
has been made available to Xcite Energy Resources Limited ("XER") and
is now on hire, subject to a satisfactory audit and inspection prior to
acceptance.

Following acceptance and in accordance with the originally scheduled
work programme in Dundee, the rig will be modified to accept drilling
and processing equipment, before being appropriately equipped and
prepared by XER prior to deployment to the Bentley field as soon as
practicable. This is expected to be early February 2012, subject to
suitable weather conditions prevailing and all expected permits and
consents having been obtained, after which the Company expects to
commence drilling for Phase 1A of the First Phase Development of
Bentley.

ENQUIRIES:
Xcite Energy Limited

+44 (0) 1483 549 063
Richard Smith Chief Executive Officer
Rupert Cole Chief Financial Officer

Oriel Securities (Joint
Broker and Nomad) +44 (0) 207 710 7600
Emma Griffin Partner
Simon Edwards Partner

Morgan Stanley (Joint +44 (0) 207 425 8000
Broker)
Andrew Foster Managing Director

Pelham Bell Pottinger +44 (0) 207 861 3232
Mark Antelme Director
Henry Lerwill Account Director

Paradox Public Relations +1 514 341 0408
Jean-Francois Meilleur Consultant

Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this
release.

Morgan Stanley which is authorised and regulated in the United Kingdom
by the Financial Services Authority, is acting exclusively for Xcite
Energy and for no one else in connection with the subject matter of
this announcement and will not be responsible to anyone other than
Xcite Energy for providing the protections afforded to its clients or
for providing advice in connection with the subject matter of this
announcement.

Oriel Securities which is authorised and regulated in the United
Kingdom by the Financial Services Authority, is acting exclusively for
Xcite Energy and for no one else in connection with the subject matter
of this announcement and will not be responsible to anyone other than
Xcite Energy for providing the protections afforded to its clients or
for providing advice in connection with the subject matter of this
announcement.

Forward-Looking Statements

Certain statements contained in this announcement constitute
forward-looking information within the meaning of securities laws.
Forward-looking information may relate to the Company's future outlook
and anticipated events or results and, in some cases, can be identified
by terminology such as "may", "will", "should", "expect",
"plan","anticipate", "believe", "intend", "estimate", "predict",
"target","potential", "continue" or other similar expressions concerning
matters
that are not historical facts. These statements are based on certain
factors and assumptions including expected growth, results of
operations, performance and business prospects and opportunities. While
the Company considers these assumptions to be reasonable based on
information currently available to us, they may prove to be incorrect.
Forward-looking information is also subject to certain factors,
including risks and uncertainties that could cause actual results to
differ materially from what we currently expect. These factors include
risks associated with the oil and gas industry (including operational
risks in exploration and development and uncertainties of estimates oil
and gas potential properties), the risk of commodity price and foreign
exchange rate fluctuations and the ability of Xcite Energy to secure
financing. Additional information identifying risks and uncertainties
are contained in the Company's annual information form dated October
26, 2010 and in the annual Management's Discussion and Analysis for
Xcite Energy dated March 24, 2011 filed with the Canadian securities
regulatory authorities and available at www.sedar.com. The Company
disclaims any intention or obligation to update or revise any
forward-looking statements whether as a result of new information,
future events or otherwise, except as required under applicable
securities regulations.



This information is provided by RNS
The company news service from the London Stock Exchange

END



2011 - Marketwire






DateSourceHeadlineCategory
10-Sep-14 07:00RNSCollaboration Agreement with Statoil and EnQuestCompany Announcement - General
19-Aug-14 07:00RNSAward of OptionsCompany Announcement - General
14-Aug-14 07:00RNSResults for 3 & 6 Month Periods Ended 30 June 2014Results and Trading Reports
09-Jul-14 07:00RNSDirector Share PurchasesDirectors' Dealings
09-Jul-14 07:00RNSExercise of Share Options & Total Voting RightsCompany Announcement - General
08-Jul-14 07:00RNSAward of Share OptionsDirectors' Dealings
04-Jul-14 07:00RNSMemorandum of Understanding with AIBEL ASCompany Announcement - General
01-Jul-14 07:01RNSExercise of Share OptionsCompany Announcement - General
01-Jul-14 07:00RNSSettlement of Senior Secured BondCompany Announcement - General
16-Jun-14 07:00RNSIssue of Senior Secured Bond and New SharesCompany Announcement - General
20-May-14 07:00RNSResults for the 3 Month Period Ended 31 March 2014Results and Trading Reports
16-May-14 07:00RNSResults of Annual and Special MeetingResults and Trading Reports
08-May-14 09:25RNSReplacement: Board AppointmentsExecutive Changes
08-May-14 07:00RNSBoard AppointmentsExecutive Changes
06-May-14 07:01RNSCollaboration Agreement with Statoil and ShellCompany Announcement - General
22-Apr-14 07:01RNS-RAGM Audio WebcastCompany Announcement - General
14-Apr-14 07:00RNSEquity Line Facility Agreement ExtensionCompany Announcement - General
09-Apr-14 07:00RNSMemorandum of Understanding with AMEC and ARUPCompany Announcement - General
07-Apr-14 07:59RNSMOU with Teekay ShippingCompany Announcement - General
27-Mar-14 07:00RNSResults for the Year Ended 31 December 2013Results and Trading Reports
12-Mar-14 07:00RNSNotice of AGMResults and Trading Reports
26-Feb-14 07:00RNSStatement of Reserves DataCompany Announcement - General
03-Feb-14 07:00RNSAppointment of CFO and DirectorExecutive Changes
30-Dec-13 14:05RNSClosing of Re-financing of Unsecured Loan NotesCompany Announcement - General
17-Dec-13 07:00RNSRe-financing of Unsecured Loan NotesCompany Announcement - General
04-Dec-13 07:00RNSRe-filing of annual financial statementsCompany Announcement - General
29-Nov-13 07:00RNSResults for 3 & 9 Month Periods Ended 30 SeptemberResults and Trading Reports
23-Aug-13 07:00RNSResults for 3 & 6 Month Periods Ended 30 June 2013Results and Trading Reports
02-Jul-13 16:05MWSubmission of Environmental StatementCompany Announcement - General
02-Jul-13 16:05RNSSubmission of Environmental StatementCompany Announcement - General


Regulatory news is displayed end of day, each day at 19:00.
Sign up for Live Prices
Home  |  Contact Us  |  About Us  |  Careers  |  Advertise with Us  |  Sitemap  |  Terms & Conditions  |  Cookies  |  Privacy


Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.