.

Next week the weather is perfect.

Rig on the move :-))

Think it might be there, not sure.,.

Just seen on ii - May have parked up as not allowed to disturb the fish after 8pm. :-))

Rowan Norway should arrive on site tomorrow.

Cheers chav.,.

looks like Triton, valour and elbe tugs on they're way with Rowan Norway, should get to field today.,.

In position now.

http://www.contrarianuk.com/posts/2012/3/15/activity-continues-around-xcites-rowan-norway-rig.html

Very cheap at moment.

NORTH SEA OIL FIRMS SET FOR £17BN BOOST,Saturday March 17,2012
http://www.precogz.com/news/page/2/

SATURDAY 17 MARCH 2012-Osborne will throw lifeline to North Sea oil industry
http://www.precogz.com/news/

Will Xcite Energy come to life this coming week? SUNDAY, MARCH 18, 2012 AT 11:18PM
http://www.precogz.com/home/

THE INDEPENDENT-The Week Ahead: TOBY GREEN-MONDAY 19 MARCH 2012
http://www.precogz.com/home/
Nautical Petroleum, Xcite Energy LTD, Debenhams PLC, Tesco, Next, Kingfisher, Cairn Energy PLC, Premier Oil, Apr Energy PLC, Xaar, Mears Group, Regus PLC

Xcite Energy kicks off Bentley development drilling 7:15 am by Jamie Ashcroft
http://www.precogz.com/home/

topped up last week in readiness.,.

wow a massive 2% rise on that news....will anything get this share motoring,it needs a good kick up the a*se.

every little helps...... marky

Baler not even 1% up on good news,its crackers.

The past seems to have done a lot of damage, should be up 10%+ today.

Drawdown on Equity Line Agreement
RNS
RNS Number : 7414Z
Xcite Energy Limited
21 March 2012





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







21 March 2012



Xcite Energy Limited

("Xcite Energy" or the "Company")



Drawdown on Equity Line Agreement



Xcite Energy announces that it has drawn down on its Equity Line Agreement (the "facility") with Esousa Holdings, LLC ("Esousa") dated 16 December 2011 in the amount of £10.3 million (CAD$16.2 million). This draw down has been undertaken at a price of £1.24 (CAD$1.95) per share and will result in the issue of 8,310,540 ordinary shares of no par value in the capital of the Company (the "New Ordinary Shares") to Esousa. 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 facility and except in accordance with Canadian securities laws and with prior written approval of the TSX Venture Exchange, the New 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 New Ordinary Shares upon conditional approval of the share issue by the TSX Venture Exchange. The New 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 8,310,540 New Ordinary Shares the total Ordinary Shares in the Company in issue will be 239,377,218