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

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not really, I'm sure your post's are of use and interesting as is everyone else's. You must have a very boring existance if you've got nothing better to do than go back and remove your posts after an hour.,.

So why post at all if you think that you comments are irrelevant after only one hour?

Hurry up everyone and read post 38 only 52 mins left. :-))

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Going great guns today

We were promised an update on the reserves etc in early 2013 fingers crossed

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mnamreh ,,,two days on the trott

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No but we are due a New Moon on the 11th if thats any good,havent looked at the stars yet.

At least we are out of double digets for now.

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Needs another viagra, :-))

Xcite Energy: Morgan Stanley takes price target from 166p to 160p and retains its overweight rating

mnamreh - pearl one knit one, you stuck on your latest knitting pattern or what?

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m - See you can speak after all, what's up with you these days? miss your caustic wit :O)

Whats this an old grannies knitting club. :-))

Don't dis m DC, quality when she's on form :O)

lol

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