Xcite Energy Limited: Financial Results
Xcite Energy (CVE:XEL) announces its unaudited financial results for the 3 month period ended September 30, 2010.
Articles Tagged "xcite"
Xcite Energy Ltd. has signed MOU with Fugro Well Services
Xcite Energy, a developer of heavy oil assets in the UK North Sea, reports, effective July 4, 2009, that the Company’s wholly owned subsidiary, Xcite Energy Resources Limited, has entered into an agreement with Fugro Well Services Ltd. for the drilling of a geotechnical test well as part of the preparation for the 9/3b-R pre-development [...]
Xcite Energy obtained 160 mln pounds budget boost
Xcite Energy gushed higher Wednesday after the developer of heavy oil assets in the UK North Sea declared that last week’s Budget will cut its tax bill by £160m. For full story, click here
Xcite Energy: Pricing of share options
Xcite energy reported that, in respect of the options to purchase ordinary shares of the Company awarded to Mr Richard West, Mr Barnaby Brennan, Mr Charles Lucas-Clements, Mr Philip Gardner and Mr Jon Dale on January 8th, 2009, in accordance with TSX-V requirements the exercise price of these options has been adjusted to CAN$0.10 per [...]
Xcite Energy’s North Sea well’s potential confirmed
Xcite Energy announced the results of the new Competent Person’s Report (CPR), dated and effective on February 20, 2009, following the successful drilling and testing of the 9/3b-5 well by Xcite Energy on the Bentley field in February 2008. For more information, click here
Director of Xcite Energy resigns
Xcite Energy a heavy oil company focused on the development of discovered resources in the United Kingdom North Sea, today aninformed that A. Murray Sinclair has resigned as a Non-Executive Director with immediate effect due to personal reasons, Roger Ramshaw, Non-Executive Chairman of Xcite Energy, said: We are very grateful to Murray for his support and advice [...]
Upgrader: Brass Tacks
By Duncan Sutherland – Exclusive to Heavy Oil Investing News Brass tacks In markets like these, it behooves investors, advisers, businesspeople and journalists to return to first principles. May I first offer a mea culpa for failing to forecast the precipitous decline in barrel prices? Sorry. Getting down to brass tacks, the economic fundamentals of [...]
Xcite waits for green signal on Bentley field
Xcite Energy is waiting to receive confirmation of the commercial viability of its Bentley heavy oil field in the North Sea, allowing the firm to start production from next year. Chief executive Richard Smith said: All the engineering and testing work was done by January and now we are awaiting a competent persons report that will [...]
