8th Mar 2012 14:44
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
8 March 2012
Xcite Energy Limited
("Xcite Energy" or the "Company")
Bentley Well Approval Notification
Xcite Energy is pleased to announce that the Department of Energy and Climate Change has granted its approvals under the Well Operations Notification System ("WONS"), the Petroleum Operations Notice ("PON 15B") and the Oil Pollution Emergency Planning ("OPEP") for the planned 9/3b-7 and 7Z wells.
This now completes the approvals necessary to drill and produce the wells in Phase 1A of the Bentley field work programme.
ENQUIRIES:
Xcite Energy Limited |
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+44 (0) 1483 549 063 |
Richard Smith | Chief Executive Officer |
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Rupert Cole | Chief Financial Officer |
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Oriel Securities (Joint Broker and Nomad) |
| +44 (0) 207 710 7600 |
Emma Griffin | Partner |
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Michael Shaw | Partner |
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Morgan Stanley (Joint Broker) |
| +44 (0) 207 425 8000 |
Andrew Foster | Managing Director |
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Pelham Bell Pottinger |
| +44 (0) 207 861 3232 |
Mark Antelme Henry Lerwill
| Director Account Director |
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Paradox Public Relations |
| +1 514 341 0408 |
Jean-Francois Meilleur | Consultant |
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Oriel Securities Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for Xcite Energy and for no one else in connection with the subject matter of this announcement and will not be responsible to anyone other than Xcite Energy for providing the protections afforded to its clients or for providing advice in connection with the subject matter of this announcement.
Morgan Stanley, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for Xcite Energy and for no one else in connection with the subject matter of this announcement and will not be responsible to anyone other than Xcite Energy for providing the protections afforded to its clients or for providing advice in connection with the subject matter of this announcement.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.
Related Shares:
Xcite Energy