Xcite Energy Share News (XEL)
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Anglo American: Goldman Sachs downgrades to sell. Antofagasta: Goldman Sachs downgrades to neutral, target cut from 1,150p to 1,100p. Asian Plantations: Panmure Gordon cuts target from 400p to 380p, buy rating kept. AVEVA: Panmure Gordon keeps hold rating and 1,878p target. Bellzone Mining: Gold
Read moreXcite Energy, an AIM-listed North Sea oil and gas group, saw its shares fall on Thursday morning, despite its pre-production well test results on the Bentley Field exceeding management expectations. During the well test the firm produced around 147,000 barrels of crude oil, and significantly impro
Read moreXcite Energy, the AIM-listed North Sea oil and gas group, said on Friday that it had sold in excess of 135,000 barrels of crude from its Bentley field for a better-than-expected price. Through the marketing and offtake agreement with BP Oil International, Xcite sold the oil to an unnamed "major ref
Read moreOil and gas producer Xcite Energy has closed on the issue of 10m dollars worth of unsecured loan notes to a fund managed by West Face Capital. The notes have an initial term of 236 days and may, subject to West Face's approval, be extended by Excite for a further 360 days. They have an interest of
Read moreXcite Energy's 9/03b-7 well in the Bentley field, North Sea, is now producing at a stabilised rate of around 3,200 barrels per day with no associated basic sediments or water, well within the operational performance of the reservoir, the firm said. Bentley crude oil collected so far in the Scott Sp
Read moreOil and gas producer Xcite Energy has closed the second stage of its private placing with Global Resource Funding Partners, with which it has placed 12.5m units rather than the orginally planned 10m. The overall number of units placed is now 32.5m, prividing the company with gross proceeds of arou
Read moreXcite Energy, the oil company looking to develop the Bentley field in the North Sea, says it has agreed a loan facility with a group of lenders that ought to pay for much of the project. The $155m facility has a five year term and is dependent on a series of project milestones - all but one of whic
Read moreDrilling on its Bentley Field in the North Sea is going well for AIM-listed oil and gas firm Xcite Energy. The group reported that its 9/3b-7z well on the Bentley Field has reached target depth of 9,646 feet (ft) measured depth and a reservoir section in excess of 2,000 ft has been drilled with 100
Read moreAIM-listed oil and gas firm Xcite Energy has amended an agreement with BP Oil International (BPOI) which will see BPOI provide more funding for Xcite's flagship Bentley field in the North Sea. The agreement, originally announced in January 2010, will see BPOI provide the offtake services to market
Read moreAngel Mining shares fell on Tuesday despite announcing a new monthly gold production record that gave it confidence its Nalanuq mine would soon hit commercial production targets. Investors pushed the shares down 3.5% after the firm also announced it had discovered a fault running just above the gol
Read moreExcite Energy, a North Sea focused oil company, has signed a time charter contract with Teekay Navion Offshore Loading for a shuttle tanker vessel. The tanker, known at the Scott Spirit, is to be used as the in-field storage and offtake facility for Bentley crude oil during the Phase 1A of the Ben
Read moreNorth Sea focused oil company, Xcite Energy, says it has secured funding for the first phase of development of its wholly-owned Bentley field. The group said it is seeking external sources for second phase work. Xcite is also talking to banks about securing lending facilities against proved reserv
Read moreNorth Sea-focused oil group Xcite Energy said that good progress is being made in drilling its Bentley field. The Bentley 9/3b-7 well, which was spudded on March 18th, is currently being drilled for a 36" hole and to set the 30" conductor pipe. "The 26" hole has been directionally drilled and the 2
Read moreXcite Energy has finally started drilling at its Bentley Field in the North Sea. The oil company announced on Monday morning that it has "spudded" the 9/3b-7 well. This is a big step for Xcite, which had faced concerns that it didn't have the finance to bring the site to production, despite there
Read moreXcite Energy, the North Sea focused oil company, has managed to secure a storage tanker as it battles to bring its Bentley field to full production. Xcite is under mounting pressure from its shareholders over when (or whether) it will extract some of the 115m barrels of probable reserves claimed fo
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