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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Xcite Energy | LSE:XEL | London | Ordinary Share | VGG9828A1194 | ORD SHS NPV (CDI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.575 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
Oil company Xcite Energy Ltd. (XEL.LN) Friday said it has agreed to raise C$8.5 million to fund extra work at a well in the Bentley field in the North Sea.
The company said it wants to drill a slanted well into the reservoir to collect data needed to better plan first production. The oil from the test will be shipped to shore, where BP PLC (BP.LN), which has agreed to buy oil from the Bentley field, will be able to conduct refinery tests.
Xcite said it expects to start drilling in September.
Brokers Arbuthnot Securities and FirstEnergy Capital have received indicative commitments for C$8.5 million of funding, Xcite said. Further details about the placing weren't provided.
-By Jason Douglas, Dow Jones Newswires; 44-20-7842-9272; jason.douglas@dowjones.com
1 Year Xcite Energy Chart |
1 Month Xcite Energy Chart |
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