Xcite Energy Limited (XEL) is an oil issuer and disclosures pertaining to oil activities. It is a heavy oil appraisal and development company with interests in six blocks in the United Kingdom North Sea, all of which are held with 100% working interests through its wholly owned subsidiary, Xcite Energy Resources Limited (XER). The Company is engaged in the appraisal and evaluation of oil and gas reserves and the geographical segment, in which it operates is the North Sea. The Company�s sole operational focus is the development of the Bentley field. The Company holds a 100% working interest in the Bentley field on Block 9/3b. Its other working interests include 9/3c (Licence P1760) ,9/3d (Licence P1761), and 9/4a, 9/8b and 9/9h.