Xcite Energy Limited (XEL) is a heavy oil appraisal and development company, with current interests in three licence blocks in the UK North Sea, all of which are held with 100% working interests through its wholly-owned UK subsidiary, Xcite Energy Resources Limited (XER).

Its primary focus is in bringing the Bentley oil field on Block 9/3b into production and in doing so becoming a significant independent oil producer in the North Sea by 2014.

Business Strategy

Bring the Bentley field into commercial production

Grow its reserves base from the existing 116 million barrels of oil equivalent
(“MMboe”) of 2P reserves through the conversion of its prospective resources base

Grow its resources base further through drilling activity on Blocks 9/3c and 9/3d

Employ enhanced oil recovery processes (“EOR”) to further increase its resource base

Increase its asset portfolio through license rounds and asset transactions whilst utilising its heavy-oil expertise to leverage opportunities


http://www.xcite-energy.com/

2012 in Review and the way ahead Robert Cole Video

http://www.investegate.co.uk/xcite-energy-limited--xel-/rns/memorandum-of-understanding-with-amec/201306120700048127G/



Memorandum of Understanding with AMEC



Xcite Energy announces that its 100% subsidiary, Xcite Energy Resources Limited ("XER"), has entered into a Memorandum of Understanding ("MOU") with AMEC Group Limited ("AMEC") setting out commercial principles for future cooperation to support the development of the Bentley Field.



XER and AMEC will shortly commence a front-end engineering and design (FEED) programme, during which the terms for a wider services agreement are expected to be formulated to include project and programme management and controls, further detailed engineering and design, fabrication management, sub-contractor management, hook-up and commissioning, operations and maintenance planning and system build, and Duty Holder services.



XER and AMEC intend to build on the already agreed MOU principles to optimise the commercial benefits for all stakeholders and provide a strong foundation for the life-of-field technical and operational solutions.



Rupert Cole, CEO of Xcite Energy, commented:



"We are very pleased to have developed our existing relationship with AMEC to create the basis for these commercial arrangements. I believe that AMEC's expertise and track record in delivering major UKCS offshore and heavy oil projects will complement the Company's own skillset to deliver a best in class development programme. This is another industry confirmation of Bentley as one of the largest development-ready North Sea fields and provides further, complementary support to the current farm-out process as we progress towards development."

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mnamreh it needs more than Bollinger bands tightening it need a rocket up its arse.

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Is this the spirit of posting, keep leaving blanks ?

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He's a complete moron who spends more time deleting than posting.,.

no i don't .... that's an outrageous calumny!

I don't believe that was aimed at you, though it reveals a certain guilty conscience underneath that cynical exterior! ;o)

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43 of your posts been blanked and no doubt 44 soon. 192 won't be.

An explanation of why all your posts keep being blanked, would be appreciated.







.mnamreh - 27 Jul 2013 11:02 -


192 of 192
Name calling BB, really?

Next you'll be thinking of words like 'infantile' and 'oaf'.

I wonder why that would be?

8>)

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mnamreh - 27 Jul 2013 18:36 - 194 of 194
dc

Most just contain 'throw-away' lines which add little, if anything new, to the thread.

Some posts have been directed to specific posters on LSE and ii and thus, after being read, are no longer necessary.

I am sure you would agree that the threads are easier to read if the only posts through which you have to wade are relevent and add something.

Most of mine add little. The impermanence and subsequent deletions should be the norm, given the quantity of nonsense abounding.

Just squelch me and voila!

Alternatively, take the intellectual and not-at-all unnecessarily overly-aggressive route, like Balerboy and Harrycat.

Mnam



I'm not aggressive and would not go down that route, each to their own. Every post you have made on here is blanked, so you say none of them are relevant to xel or other sites you blank. Most of the thread has become a one way conversation ending in your blanks,with 20% of the posts blanked. Nothing on the site links up. New investors looking in must wonder whats going on ? I also do not squelch posters, otherwise again what you are left with is a thread that is just non flowing sense, as to put it. Mopo, I think you would be more respected leaving your comments on the thread. End of, not for me to dictate to other posters.

mnamreh

I am out most of the day working down the mine it would be nice to read what has been posted by you than look at dots when I get a chance to go on computer.

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