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XELTue, 26th Mar 2013 08:08
North Sea oilfields operator Xcite Energy said its 9/3b-6z well on the Bentley field has been successfully suspended for potential future use as a production well. In addition to the successful well flow test announced on 21 December 2010, high quality down hole pressure, temperature and sample dat
Read moreXcite Energy, the developer of heavy oil assets in the North Sea, has rallied on news the flow test of the 9/3b-6z horizontal well on the Bentley field has been successfully completed. The firm's value soared over 20% Tuesday morning after the flow rates demonstrated the commerciality of the field
Read moreAfrican Eagle is up again as a new economic model for the Dutwa nickel project in Tanzania turned out to be a "significant" improvement over the results of the scoping study 18 months ago. Independent Perth based consultant Simulus gives a pre-tax net present value (NPV) of US$650m at a discount ra
Read moreFirestone Diamonds' first diamond tender at its new sales office in Gaborone, Botswana, sold 14,673 carats for gross proceeds of about $1.6m, with the first sale of diamonds from the main pipe at Liqhobong making $98/carat "We are very pleased that the prices achieved for both Liqhobong and BK11 p
Read moreXcite Energy, the developer of heavy oil assets in the North Sea, saw net assets increase to £52.9m at 30 September, from £24.1m at 31 December 2009. Cash balances stood at £27.8m, compared to £0.54m at the end of September last year. However, its pre-tax losses increased to £212,716 for the quarter
Read morePremier Oil has been awarded five new licences in the 26th UK Licensing Round, including several blocks close to its existing interests in the Central North Sea. The company, which already has a 35% interest in the potentially huge Catcher field, said the wins, announced yesterday by the Department
Read moreJewellery maker Abbeycrest has swung to a pre-tax loss of £0.46m for the half year from a pre-tax profit of £1.26m last year. For the six months ended 31 August 2010, group revenue increased by 5% to £18.8m from £17.9m previously. However, this was largely due to the effect of the rising gold price
Read moreThere was plenty of movement in both directions Tuesday, but Footsie closed just a few points lower. Government spending cuts and their effect on the profits on the big players in the public sector is the day's big story after Cable & Wireless Worldwide warned that the coalition government's emerge
Read moreFootsie lost more ground over the lunch time session with barely a fifth of the blue-chip index's constituents remaining in the red, and many of those are miners. Government spending cuts and their effect on the profits on the big players in the public sector is the day's big story after Cable & Wi
Read moreClean energy products group Acta has signed an agreement to supply generators that produce clean hydrogen to Girelli Bruni, a company that installs equipment on forecourts of petrol stations in Italy. Aerospace group Hampson has appointed US national Norman Jordan, chairman and chief executive of L
Read moreSovereign debt worries are haunting investors again after Hungary cut back its treasury bill offering by 10bn forints to 35bn. European stock markets took a step back on the news while expectations of a weak opening on Wall Street has also sparked some selling. Cable & Wireless Worldwide is the bi
Read moreLONDON (Dow Jones)--Xcite Energy PLC (XEL.LN), said Tuesday that Xcite Energy Resources Ltd has entered into a binding contract for the Ocean Nomad semi-submersible rig to drill the 9/3 billion-R well on the Bentley field. MAIN FACTS: -With an expected spud date around the middle of Septembe
Read moreABERDEENSHIRE, UK--(Marketwire - July 19, 2010) - This Announcement Is Not for Release, Publication or Distribution in or Into the United States Xcite Energy is pleased to announce that Xcite Energy Resources Limited ("XER") (TSX-V: XEL) (LSE: XEL) (AIM: XEL) has entered into a binding contract
Read moreLONDON (Dow Jones)--Xcite Energy Ltd (XEL.LN), said Friday that it has entered into an agreement for the Ocean Nomad semi-submersible rig to drill the 9/3b-R well on the Bentley field, with an expected spud date around the end of August subject to the current rig program. MAIN FACTS: -The Co
Read moreABERDEENSHIRE, UK--(Marketwire - July 01, 2010) - This Announcement Is Not for Release, Publication or Distribution in or Into the United States. Xcite Energy (TSX-V: XEL)(LSE: XEL)(AIM: XEL) is pleased to announce that it has entered into an agreement for the Ocean Nomad semi-submersible rig
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