Xcite Energy Share News (XEL)
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XELFri, 24th Jan 2014 08:35
PetroLatina, an independent oil and gas exploration and production company, has tied up a refinancing deal with French bank BNP Paribas. The oil firm entered into a four year senior secured credit agreement worth $100m with the French lender to repay and replace its existing facility with Macquarie
Read moreFollowing demand from its shareholders for more information, Xcite Energy has given an update on the development of the Bently field, about which the Department for Energy and Climate Change (DECC) has had concerns. At the start of December, the firm announced that it had "re-configured its approa
Read moreXcite Energy, the North Sea focused oil explorer, saw its share price drop 5% in early trading following the announcement that it has agreed to hire a jack up rig to work in its Bentley field. Xcite has come under intense scrutiny by the UK government which is thought to be concerned over whether t
Read moreXcite Energy, the North Sea focused oil company, has fallen dramatically this morning following an announcement that it has "re-configured its approach" to development of the Bentley field. The re-configuration (essentially a rescheduling of drilling operations) follows feedback from the Department
Read moreNorth Sea oilfields operator Xcite Energy has reported continued progress in its technical and operational plans during and beyond the three months ended 30 September. The firm is currently undergoing the first phase development of the Bentley field in Dundee, where the Rowan Norway jack-up rig has
Read moreNorth Sea oilfields operator Xcite Energy has increased its standby equity distribution agreement (SEDA) with partner YA Global Master SPV by £50m to £150m. Funding from the SEDA will be used as future working capital for the company and to fund the work required to achieve first oil from the Bent
Read moreNorth Sea oilfields operator, Xcite energy, has raised £4.2m through a standby equity distribution agreement. This funding will be used as future working capital for the company and to help the company press ahead with first stage production of its Bentley field, Xcite said. The company said it ha
Read moreBlue chips closed the week just above 5,900 with decent gains across a range of sectors helped by a smattering of broker recommendations. Reckitt Benckiser is wanted after Bank of America Merrill Lynch upgraded the stock of the Cillit Bang maker to "buy" from "neutral", while Autonomy is in the red
Read moreLeading shares are mixed after the strong opening prompted traders to bank some profits at the end of a week which has seen the top share index advance by around 170 points. Broker commentary is behind the share price movements of the Footsie's best and worst performers. Reckitt Benckiser is wante
Read moreFootsie just about kept its head above water in the morning session but index heavyweight BP was a major drag after last night's news about the blocking of its $16bn joint venture with Rosneft. Broker commentary is behind the share price movements of the Footsie's best and worst performers. Reckit
Read moreNorth Sea oilfields operator Xcite Energy said 2010 was a transformational year and the fourth quarter a pivotal period for the company, with the successful drilling of wells in its Bentley field. Loss before tax in 2010 widened to £2.45m from £0.78m in 2009 as the company invested heavily in its d
Read moreOil companies are still reeling from yesterday's Budget decision to increase the tax paid on North Sea oil and gas production to subsidise a 1p a litre cut in fuel duty. North Sea focused oil producer Enquest slumped on the news and is down again today. Encore Oil suffered a less dramatic post-Budg
Read moreMondi is one of those perennial biggest companies that rarely makes the headlines, but that may be about to change. The papermaker, which is listed in Britain and in Johannesburg, sits just outside the FTSE 100, but a whacking 111% increase in its full-year dividend to 20 cents yesterday and a renew
Read moreThe top share index lost some if its strong early gains ahead of the close, but still finished above the psychologically important 6,000 point mark on a storming start to 2011. Oil giant BPwas boosted by reports that rival Shell looked into making a bid for the company in the wake of last year's G
Read moreBid speculation is adding froth to a London stock market already playing catch-up with European and US markets that posted strong gains yesterday. Oil giant BPis boosted by reports that rival Shell looked into making a bid for the company in the wake of last year's Gulf of Mexico oil spill, which s
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