Xcite Energy Limited Announces 1st Quarter Results

Xcite Energy (TSX-V: XEL) (LSE: XEL) (AIM: XEL), a developer of heavy oil assets in the UK North Sea, today reported its unaudited financial results for the 3 month period ended March 31, 2010.

The press release is quoted as saying:

Formation of the Bentley Alliance and engaging industry leading partners including BP, AMEC, Transocean and ADTI to assist in the programme to bring the Bentley field into development.

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