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

Salvation might come in the form of an offer/JV from Tom Cross of Parkmead. If XEL's assets are worth anything, he's probably the man to have an eye for a bargain.

Can't believe the way the sp has dropped....I've noticed that XEL, PVR, and RKH are having trouble bringing into production great reserves in the ground...

So...are we having a great farmin'...or a great farmout ?.......to put in the way Smashie and Nicie might put it !...

Week old fish is how I like to describe my portfolio......can't seem to get anything right any longer...

i know the feeling well .... thought it was just me being out of form
as for PMG, they're not so hot either!

The worst share I have ever bought.

Hey marky.....still down that mine?? this is going like rockhopper......down hill fast.,.

Been buying RKH

i bought some more here as it seemed to have bottomed out, nicely in profit and reckon this will climb back to 90p.,.

next floor haberdashery....... going up.,.

He was right.


dreamcatcher - 27 Apr 2013 18:02 - 143 of 306

Malcolm Graham-Wood, analyst at VSA Capital, advises investors to buy when the shares hit 80p for a “very substantial long-term upside”.



markymar - 29 Apr 2013 08:01 - 144 of 306

Some of these analyst talk rubbish

there shouting BUY £2.60 target price and now this clown is talking 80p

just a minor dip, back up tomorrow.,.

Mine are sitting at £1.50 :-((

same for me, but will trade last little batch i bought.,.

Not averaging down. Just wonder why Statoil are holding off ?

Well done on the rise Bb.

Found by Chappi
Are we starting to move

SPD currently have a requirement for a Wells Project Manager to lead its Wells Team in supporting Xcite Energy in delivering its prestigious Bentley Development.

This role will be based in Xcite’s office leading the SPD team delivering all Well Engineering aspects of this very large, complex, multi, well offshore development. You will be a highly experienced individual capable of leading and integrating the wells project team and have at least 5 years’ experience in the role of Wells Team lead / Drilling manager as well as significant prior experience in well design, planning and operational execution.

You will have a strong track record in successfully managing multi-disciplinary teams in delivering offshore developments ideally in the UKCS, from the concept through to execution and review. A key requirement is your ability to maintain excellent working relationships with client personnel, vendor personnel and with the wider SPD support groups while delivering this complex wells project.

http://www.spdltd.com/vac/713/wells-project-manager/

P.S Notice the "part of the Petrofac Group" in the bottom right corner:)

MOU with Teekay Shipping

RNS Number : 1837E

Xcite Energy Limited

07 April 2014



Xcite Energy Limited

("Xcite Energy" or the "Company"

MOU with Teekay Shipping



Xcite Energy announces that its 100% subsidiary, Xcite Energy Resources Limited ("XER"), has entered into a Memorandum of Understanding ("MOU") with Teekay Shipping Norway AS ("Teekay"), which sets out the principles of co-operation for the supply of a bridge linked Sevan floating storage and offloading ("FSO") facility for the life of the Bentley field.

XER and Teekay intend to work together on an exclusive basis during the project, from front end engineering through fabrication, hook up and onwards into production operations and maintenance.

XER believes that the bridge linked Sevan FSO offers a number of significant benefits to the overall Bentley field development concept, including available deck space to locate utilities on either the platform or FSO. In addition, XER believes that there would be reduced flow assurance risk, due to the removal of subsea pipelines and minimised motion characteristics to aid reservoir fluid dehydration.



Rupert Cole, CEO of Xcite Energy, commented:



"We are very pleased to be joined by Teekay as a partner in the development group, following on from their important role in the successful Bentley extended well test. Building on this relationship as we progress Bentley towards production, we believe will deliver the Sevan FSO as a vital component of the Bentley field development plan."

Blimey....the dragon has been awoken .....

Lets hope so.,.