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Xcite Energy Limited (XEL)

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Monday 07 March, 2016

Xcite Energy Limited

Share Price Movement

RNS Number : 2338R
Xcite Energy Limited
07 March 2016
 

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

 

LSE-AIM: XEL

 

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. 

 

 

 

Forward-Looking Statements

 

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

Andrew Foster






Bell Pottinger


+44 (0) 203 772 2500

Henry Lerwill



 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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