3 Aug 2011 07:00
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
3 August 2011
Xcite Energy Limited
("Xcite Energy" or the "Company")
Submission of Field Development Plan for Bentley Field
Xcite Energy is pleased to announce that the final draft of the Field Development Plan ("FDP") for the Bentley field has now been submitted to the Department of Energy and Climate Change ("DECC").
The FDP outlines the proposed development plan for the Bentley field, which addresses the first stage production programme in detail and also references the second stage production programme, which together encompasses the core area of the reservoir.
The Company will respond to any issues raised by DECC in the coming months, in expectation of achieving approval in due course.
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 Simon Edwards | Partner Partner | |
Morgan Stanley (Joint Broker) | +44 (0)207 425 8000 | |
Andrew Foster | Managing Director | |
Pelham Bell Pottinger | +44 (0) 207 861 3232 | |
Mark Antelme Henry Lerwill
| 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.