Xcite Energy
Encyclopedia
Xcite Energy is a London Stock Exchange
alternative investment market limited company (XEL.L). Xcite Energy is also listed on the TSX Venture Exchange
. The company was formed by a group of seasoned oil industry professionals to bring the Bentley Heavy Oil Field
in the North Sea
into production by the end of 2011. The company was awarded Block 9/3b containing the Bentley Heavy Oil Field in 2003.
The company has formed partnerships called the Bentley Alliance.
The company is registered in the British Virgin Islands
and has offices in Aberdeen
, Scotland
and Guildford
, Surrey
.
The company owns a 100% interest in the Bentley Heavy Oil Field. A Reserves Assessment Report has recently completed to evaluate the amount of oil recoverable in the first and second stage production areas and its net asset value.
The company has a market cap of 326.39 (GBP m). It has 163.2 million shares on issue at the moment.
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
alternative investment market limited company (XEL.L). Xcite Energy is also listed on the TSX Venture Exchange
TSX Venture Exchange
The TSX Venture Exchange is a stock exchange in Canada. It is headquartered in Calgary, Alberta and has offices in Toronto, Vancouver, and Montreal. All trading through the Exchange is done electronically, so the Exchange does not have a "trading floor"...
. The company was formed by a group of seasoned oil industry professionals to bring the Bentley Heavy Oil Field
Bentley Oil Field
Bentley Oil Field is a heavy oil field located in the North Sea about to the east of the Shetland Port of Lerwick. It is owned by Xcite Energy. The field is located south-west of Statoil-operated Bressay field....
in the North Sea
North Sea
In the southwest, beyond the Straits of Dover, the North Sea becomes the English Channel connecting to the Atlantic Ocean. In the east, it connects to the Baltic Sea via the Skagerrak and Kattegat, narrow straits that separate Denmark from Norway and Sweden respectively...
into production by the end of 2011. The company was awarded Block 9/3b containing the Bentley Heavy Oil Field in 2003.
The company has formed partnerships called the Bentley Alliance.
The company is registered in the British Virgin Islands
British Virgin Islands
The Virgin Islands, often called the British Virgin Islands , is a British overseas territory and overseas territory of the European Union, located in the Caribbean to the east of Puerto Rico. The islands make up part of the Virgin Islands archipelago, the remaining islands constituting the U.S...
and has offices in Aberdeen
Aberdeen
Aberdeen is Scotland's third most populous city, one of Scotland's 32 local government council areas and the United Kingdom's 25th most populous city, with an official population estimate of ....
, Scotland
Scotland
Scotland is a country that is part of the United Kingdom. Occupying the northern third of the island of Great Britain, it shares a border with England to the south and is bounded by the North Sea to the east, the Atlantic Ocean to the north and west, and the North Channel and Irish Sea to the...
and Guildford
Guildford
Guildford is the county town of Surrey. England, as well as the seat for the borough of Guildford and the administrative headquarters of the South East England region...
, Surrey
Surrey
Surrey is a county in the South East of England and is one of the Home Counties. The county borders Greater London, Kent, East Sussex, West Sussex, Hampshire and Berkshire. The historic county town is Guildford. Surrey County Council sits at Kingston upon Thames, although this has been part of...
.
The company owns a 100% interest in the Bentley Heavy Oil Field. A Reserves Assessment Report has recently completed to evaluate the amount of oil recoverable in the first and second stage production areas and its net asset value.
The company has a market cap of 326.39 (GBP m). It has 163.2 million shares on issue at the moment.