Xcite seals North Sea discovery

first_imgTuesday 4 January 2011 7:21 pm Show Comments ▼ Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof KCS-content OIL explorer Xcite said yesterday it has suspended its well in the Bentley field of the North Sea while it examines the quality of the oil found in December. The company said the oil find is a “transformational well for the company” and that it remains ready to be used as a production well in the future. The Ocean Nomad drilling rig used to explore the hydrocarbon deposit is now off hire from the Bentley field around 160 kilometres off the coast of Shetland. Xcite awarded 12 of its executives involved in the development a total of 1.6m share options yesterday, , worth £6.2m in total, as a bonus for the success of the Bentley 9/3b-6 well.The company’s London-listed shares have rocketed seven-fold in the last twelve months, with the gain accelerating in December when the firm said it had successfully struck oil at Bentley after months of delays. The firm has exploration licences for several blocks in the North Sea following the Department of Energy and Climate Change’s latest round of offshore licensing in October. The AIM-listed stock lost 5.3 per cent yesterday to close at 363p. Its shares on the Toronto Stock Exchange also fell 5.4 per cent to C$5.60. whatsappcenter_img Xcite seals North Sea discovery Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBewadaHusband Divorced His Wife After Looking Closer At This PhotoBewadaadvisor15 Plants that Repel Mosquitoes NaturallyadvisorAmoMediaSpoiled Guy Mocks Waiter, Dad Teaches Him Cruel LessonAmoMediaDinnerZUTop 5 Foods That Help Lose Weight FastDinnerZUBuzzDestination7 Types of Men Who Are Not Made For RelationshipsBuzzDestination5log – Livinguard®This mask has been sold out in Germany 5 days after the government has tighten up5log – Livinguard®Foundation ExpertFoundation Repair Cost In Scottsdale May Surprise YouFoundation ExpertfddStimulus News UpdatesfddMold Removal | Search AdsBathroom Mold Removal Tips That Might Surprise Most AmericansMold Removal | Search Ads whatsapp Sharelast_img

Leave a Reply

Your email address will not be published. Required fields are marked *