ABERDEENSHIRE, UNITED KINGDOM--(Marketwire - Jul 26, 2011) -
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES TSX-V, LSE-AIM: XEL 26 July 2011 Xcite Energy Limited ("Xcite Energy" or the "Company") Submission of Environmental Statement Xcite Energy is pleased to announce that submission has now been made to the Department of Energy and Climate Change ("DECC") of the Environmental Statement for the planned First Stage Production on the Bentley field. This is a standard DECC requirement in connection with, but not simultaneous with the submission of a field development plan, which requires that a public document is made available for consultation and comment for a period of four weeks following formal publication by the Company in selected news media. Such publication is expected to be undertaken shortly. The purpose of the Environmental Statement is to provide an assessment of the potential environmental effects that may arise from the proposed operations on the Bentley field and to identify measures which will be put in place to minimise these effects. The Environmental Statement is now available for viewing on the Company website at www.xcite-energy.com/companyinformation.htm . ENQUIRIES: Xcite Energy Limited +44 (0) 1483 549 063 Richard Smith Chief Executive Officer Rupert Cole Chief Financial Officer Oriel Securities (Joint Broker and Nomad) +44 (0) 207 710 7600 Emma Griffin Partner Simon Edwards Partner Morgan Stanley (Joint Broker) +44 (0) 207 425 8000 Andrew Foster Managing Director Pelham Bell Pottinger +44 (0) 207 861 3232 Mark Antelme Director Henry Lerwill Paradox Public Relations +1 514 341 0408 Jean-Francois Meilleur Consultant Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 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. Oriel Securities 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. This information is provided by RNS The company news service from the London Stock Exchange END
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