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Print Tuesday 07 June, 2011Xcite Energy Limited
Annual Report & Accounts 2010
RNS Number : 9506H
Xcite Energy Limited
07 June 2011



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





7 June 2011

Xcite Energy Limited

("Xcite Energy" or the "Company")



Annual Report & Accounts 2010



In accordance with AIM Rule 20, Xcite Energy confirms that the annual report and accounts for the year ended 31 December 2010 were posted to shareholders on 3 May 2011. The report is available, in electronic form, for download on the Company's website: www.xcite-energy.com







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












Morgan Stanley (Joint Broker)


+44 (0)207 425 8000

Andrew Foster












Pelham Bell Pottinger


+44 (0) 207 861 3232

Mark Antelme

Henry Lerwill
















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.



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.




This information is provided by RNS
The company news service from the London Stock Exchange

END

When is this share going to stop going down. If it hits a pound I am in. 6.45% down today, ow.

without news, and good at that or a sudden change in general sentiment, there is no reason for sp to drift other than south

With you on that one. Good for future purchases. Does not help the ones I have at
320p (ouch). Cannot see anyone touching them at the moment. A few weeks ago
260p, 240p, 2 was a good buy.

amazing that the board appear like rabbits in a headlamp as the value crumbles, do they care?

lost over half my funds in both ISAs,thought it was a safe bet,i cant see any return now for another 6 to 9 months.

Sorry to hear that markymar. What is safe now? Sold the majority of mine when we
waited for ever for the last report. Was not happy the way share holders were
treated with delays. I do hope the sp comes back for everyone.

Several directors are millionaires before a drop of oil is pumped, on the backs of shareholder optimism, you couldn`t make it up in a novel.

Just hope the sp goes up as fast as it has fallen.

lol
it needs to go up twice as fast as it has fallen to get back to square one -down 50%
needs up 100%

Thank god it's risen, was getting very nervey when heading below 140p, here's hoping.,.

Bb,I will swap mine with you, two of yours for one of mine. lol

glad i wasn't suckered back in yesterday ...... DES also wilting, which i also do not hold

Puzzled why this stock is being punished so hard. Just watching from the sideline.

Watch the Chairmans interview on the website and then you will all calm down.

Why did he not do this weeks ago, to save so much damage to the sp.

Yes the chairman was very upbeat, but he would be wouldn`t he?

Result DOWN another 3.5%, at this rate it will be gone in a month!

All the hype and BS and ramping of XEL on other bb`s reminds me of the hilarious days of TAD,with ainsoph and his boiler-buddies versus the realists, result ---busted!

Oh and like a prat I hold some XEL,not worth flogging now, I`ll wait and see.

Its not rocket science. They seem to have turned up with the fire engine when the house has burnt down.

The danger soon its that other good oil shares are going to move soon and this one should follow. Otherwise funds are going to shift.

A lot of maths has been done, risk taken into account, forward turnover ,profit, cash and ther result is the market has put the present sp on it, until it produces the product , erm, thats it I am afraid.