Thursday, April 5, 2012

Xcite Energy Limited

Industry: Mining
Main business locations: UK
Registered office:Geneva Place
Waterfront Drive
P.O. Box 3469
Road Town
British Virgin Islands

Listed on: London Stock Exchange (AIM), Toronto Stock Exchange – Venture Division
Ticker: XEL.L, XEL.V

Financial highlights:
Net profit (2011): £129,563
Total assets (2011): £152,771,290
Earnings per share (basic or diluted) (2011): 0.1p

About the BVI company:

The BVI company, through its wholly owned subsidiary, Xcite Energy Resources Limited, is engaged in oil exploration and development of heavy oil resources in the North Sea on the United Kingdom Continental Shelf. All of the current material interests of Xcite Energy Limited are held through Xcite Energy Resources, which corporate office and operational office are located in the United Kingdom.

In 2003, Xcite Energy Resources Limited was awarded its 100% working interest in the Bentley field in Block 9/3b in the UK North Sea.

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