Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  XCITE ENERGY LIMITED    XEL   VGG9828A1194

Delayed Quote. Delayed  - 09/27 12:15:24 pm
2.1 GBp   -2.33%
09/14 XCITE ENERGY LI : - Shareholder Update
09/13 XCITE ENERGY : No Xcite-ment for oil firm deal
09/12 LONDON MARKET M : Hawkish Fed Speakers Sink Global Stocks
SummaryQuotesChartsNewsCalendarCompanyFinancialsConsensus 
News SummaryMost relevantAll newsSector news 

XCITE ENERGY LIMITED : London, 19 April 2012 Xcite Energy provides Bentley Phase 1A update

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/19/2012 | 08:28pm CEST

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

19 April 2012

Xcite Energy Limited ("Xcite Energy" or the "Company") Operations Update and Bentley Phase 1A Work Programme

The Company is pleased to provide an update to the market in respect of the current drilling operations and the Bentley Phase 1A work programme.

Current Operations Update

As previously announced, the well was spudded on 18 March 2012, with 20 inch casing now having been set down to approximately 2000ft below the rotary table. Preparations are being made to set the blow out preventer and to continue the drilling of the 17.5 inch hole.

Summary of Bentley Phase 1A Work Programme

Following the successful completion of the 9/03b-6 and 6Z wells (as announced in December 2010), the Company has invested significant resources designing and engineering the next phases in the development of the Bentley field, the Phase 1A and Phase 1B work programmes.
The Bentley Phase 1A Work Programme has two principal objectives:

1. The 9/03b-7 and 7Z wells are planned to demonstrate the mechanical and operational aspects of the drilling, completion and flowing of the proposed well design for Phase 1B. The 9/03b-7Z well is planned to be used in Phase

1B as the first full production wellbore.

2. To collect additional reservoir and production data to improve the calibration of the reservoir model, including data with respect to enhanced oil recovery techniques. This data with be used to further increase the certainty with respect to the longer term oil, gas and water production profiles and recoverable reserves from the Bentley field.

The Phase 1A work programme on the Bentley field has been planned to achieve the two principal objectives set out above and comprises the following key operations:

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on XCITE ENERGY LIMITED
09/14 XCITE ENERGY LIMITED : - Shareholder Update
09/13 XCITE ENERGY : Warning to Xcite shareholders as share price tumbles by 70%
09/13 XCITE ENERGY : No Xcite-ment for oil firm deal
09/12 LONDON MARKET MIDDAY : Hawkish Fed Speakers Sink Global Stocks
09/12 WINNERS & LOSERS SUMMARY : AB Foods Blames Weather For Weaker Primark
09/12 XCITE ENERGY : Sees Minimal Stake Left For Shareholders After Restructuring
09/12 XCITE ENERGY : Stmnt re Share Price Movement
09/05 XCITE ENERGY : Price Monitoring Extension
09/05 XCITE ENERGY : Second Price Monitoring Extn
08/25 XCITE ENERGY : Price Monitoring Extension
More news
Sector news : Oil & Gas Exploration and Production - NEC
04:05a When deals go bad - China state firm managers spooked by new liability rules
09/26 BofA to pay $15.5 million fines for causing 'mini-flash crashes'
09/26DJMerrill Lynch to Pay $12.5 Million Fine for Mini-Flash Crashes
09/26DJNOBLE ENERGY : Investors in Israeli Natural Gas Agree Supply Deal With Jordan
09/26DJNOBLE ENERGY : Investors in Israeli Natural Gas Agree Supply Deal With Jordan
More sector news : Oil & Gas Exploration and Production - NEC
News from SeekingAlpha
03/21 XCite Energy reports FY15 results
2015 Dividend Increases, February 9-20, 2015
2015 Enbridge Energy Partners Is Cheap - Cramer's Lightning Round (2/23/15)
2015 10 Stocks Building Future Yield With Increased Dividends
2015 Xcel Energy declares $0.32 dividend
Advertisement
Financials ( GBP)
Sales 2016 -
EBIT 2016 -2,33 M
Net income 2016 -
Debt 2016 76,7 M
Yield 2016 -
P/E ratio 2016 -
P/E ratio 2017
EV / Sales 2016 0
EV / Sales 2017 0
Capitalization 6,66 M
More Financials
Chart XCITE ENERGY LIMITED
Duration : Period :
XCITE ENERGY LIMITED Technical Analysis Chart | XEL | VGG9828A1194 | 4-Traders
Full-screen chart
Technical analysis trends XCITE ENERGY LIMITED
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Average target price 0,33  GBP
Spread / Average Target 1 412%
Consensus details
Managers
NameTitle
Rupert E. Cole CEO, Secretary & Executive Director
Timothy Stephen Jones Chairman
E. Matthew Bower Chief Operating Officer
Andrew John Fairclough Chief Financial Officer & Executive Director
Stephen Anthony Kew Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
XCITE ENERGY LIMITED-85.90%9
CNOOC LTD12.96%53 188
OCCIDENTAL PETROLEUM C..2.53%52 955
CONOCOPHILLIPS-14.29%49 565
EOG RESOURCES INC26.09%49 150
CANADIAN NATURAL RESOU..32.47%32 669
More Results