Xcite Energy Limited (XEL) is a Virgin Islands-based heavy oil appraisal and development company. The Company focuses on the development of discovered resources in the United Kingdom North Sea. It operates through its United Kingdom subsidiary, Xcite Energy Resources plc (XER). The Company holds and operates the Bentley field located in Block 9/3b in the North Sea, containing approximately 909 million short tons (MMSTB) in-place of 10-12 air pollution index (API) heavy oil. Its other working interests include 9/3c (License P1760), 9/3d (License P1761) and 9/4a, 9/8b and 9/9h.