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Friday 11 November, 2011Xcite Energy Limited
Drawdown on Equity Line
RNS Number : 9149R
Xcite Energy Limited
11 November 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







11 November 2011



Xcite Energy Limited

("Xcite Energy" or the "Company")



Drawdown on Equity Line



Xcite Energy announces that it has drawn down on its Standby Equity Distribution Agreement ("SEDA") with YA Global Master SPV Ltd ("Yorkville") as announced on 28 September 2010 in the amount of 2.5 million (CAD$4.1 million). This draw down has been undertaken at a price of 1.153 (CAD$1.875) per share and will result in the issue of 2,168,257 ordinary shares of no par value in the capital of the Company (the "SEDA Ordinary Shares") to Yorkville. This funding will be used as future working capital for the Company and to progress towards first oil from the Bentley field.



Subject to the terms of the SEDA and except in accordance with Canadian securities laws and with prior written approval of the TSX Venture Exchange, the SEDA Ordinary Shares may not be sold or otherwise traded on or through the facilities of the TSX Venture Exchange or otherwise in Canada or to or for the benefit of a Canadian resident until the date that is four months and one day from the date of issue.



Application will be made for the admission to AIM ("Admission") of the SEDA Ordinary Shares upon approval of the share issue by the TSX Venture Exchange. The SEDA Ordinary Shares will rank pari passu with the Company's existing issued ordinary shares (each, an "Ordinary Share").



Subject to approval by the TSX Venture Exchange, following the issue of the 2,168,257 Ordinary Shares the total Ordinary Shares in the Company in issue will be 188,996,011.

Its almost a weekly troughing now the drawdown.

SP at 121.75 same as 3 months ago.



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Tuesday 15 November, 2011Xcite Energy Limited
Corporate Update & Q3 Results
RNS Number : 0739S
Xcite Energy Limited
15 November 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





15 November 2011

Xcite Energy Limited

("Xcite Energy" or the "Company")



Corporate Update and Results for the 3 months ended 30 September 2011



Xcite Energy is pleased to provide a corporate update and its results for the three months ended 30 September 2011.



The third quarter of 2011 and subsequent period has seen continued progress in the Company's technical and operational plans for the First Phase Development ("FPD") of the Bentley field. The Rowan Norway jack-up rig has arrived in Dundee and is currently undergoing final equipment testing, crew training and regulatory certification for operations, before it can be handed over to the Company and equipped for its deployment onto the Bentley field.

The Company continues its good progress with the approval process by the Department of Energy and Climate Change ("DECC") of a Field Development Plan for the Bentley field, to be consistent with the rig deployment timing. A final Environmental Statement for the planned FPD on the Bentley field has now been submitted in line with usual practice.


Financing discussions continue to progress satisfactorily and the Company's objective is to conclude these in a consistent timeframe with approval by DECC of a Field Development Plan for the Bentley field and the rig deployment.





The Company's unaudited Financial Results for the three months ended 30 September 2011 can be found at the following link:



http://www.rns-pdf.londonstockexchange.com/rns/0739S_-2011-11-14.pdf

http://www.offshoreenergytoday.com/uk-rowan-norway-jack-up-getting-ready-for-bentley-field/

should be due another draw down anyday? :-)))

Some life in the old dog,about time it started to move.

whats happening today?

somebody put about a false rumour that isnt true - sp dipped a bit good buy opportunity :-))

how dare they lol

Wasn't me, gibby?

dc you were top for the suspects lol

certainly created a load of panic - manage to grab some on the dip :-)))))

dd5 - indeed - lol

What me ? lol

yeah - something vague - i think i caught the words, spudding, and errr something like puntland & georgia lol :-)))

gl dc

You are on early are you still at work?

home now :-))

an interesting update today on the rowan norway rig - not the times esp feb 2012?

http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=8268326-5893-39745&type=sect&TabIndex=2&companyid=10681&ppu=%252fdefault.aspx%253fcik%253d85408

sorry i meant note the timelines not, not!!

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Bentley Field - Operational Update
RNS




RNS Number : 1246T
Xcite Energy Limited
30 November 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











1 December 2011







Xcite Energy Limited



("Xcite Energy" or the "Company")







Bentley Field - Operational Update







The Company notes the recent publication of the Addendum to the Bentley Environmental Statement, which will be available on the Company's website and on www.sedar.com.







In response to feedback from the Department of Energy and Climate Change ("DECC") on the Bentley field development plan, the Company has re-configured its approach to the first phase of development of Bentley to provide a more financially efficient outcome.







This re-configuration has allowed the Company to maintain the first oil date in 2012, while enabling the completion of a more cost effective field development plan. The principal elements of this plan are Phase 1A with first oil planned for 2012, Phase 1B planned for 2013 and Phase 2 estimated to commence in 2016. The Company understands that the plan is in the final stages of DECC approval.







If DECC approval is obtained, the financial resources to commence Phase 1A are available. The Company continues to make good progress with respect to securing additional sources of funding, including project finance from commercial lending banks.







Whilst adopting this more financially efficient approach to Phase 1, the Company intends to pre-invest substantially in Phase 1B and Phase 2, with the objective of lowering the unit cost of oil produced and, thus, maximising the commercial industry value of the Bentley asset in advance of Phase 1B.







Management considers that this re-configuration of the Phase 1 production and financial plans for the Bentley field should maximise shareholder value. Further announcements will be made to the market as soon as practicable.