ABERDEENSHIRE, SCOTLAND--(Marketwired - Mar 7, 2016) - Xcite Energy Limited (
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7 March 2016
Xcite Energy Limited
("Xcite Energy" or the "Company")
Share Price Movement
Xcite Energy notes the movement in its share price and can confirm it knows of no reason for this movement.
This announcement contains certain forward-looking statements that are subject to the usual risk factors and uncertainties associated with the oil and gas exploration and production business. Whilst the Company believes the expectations reflected herein to be reasonable in light of the information available to it at this time, the actual outcome may be materially different owing to factors beyond the Company's control, or otherwise within the Company's control, for example, if the Company decides on a change of plan or strategy. Accordingly, no reliance may be placed on the figures contained in such forward-looking statements.
Notes to Editors
Xcite Energy (LSE-AIM: XEL) is an oil appraisal and development company with a portfolio of heavy oilfield assets in the Northern North Sea in the UK. Xcite Energy holds a 100% working interest in the Bentley field; a heavy oil field with 2P recoverable reserves of 265 MMstb, making Bentley one of the largest undeveloped oilfields in the UK Continental Shelf.
|ENQUIRIES:Xcite Energy Limited||
+44 (0) 1483 549 063
|Rupert Cole / Andrew Fairclough|
|Liberum (Joint Broker and Nomad)||+44 (0) 203 100 2222|
|Clayton Bush / Jamie Richards|
|Morgan Stanley (Joint Broker)||+44 (0) 207 425 8000|
|Bell Pottinger||+44 (0) 203 772 2500|