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Xcite Energy (CVE:XEL) announces its unaudited financial results for the 3 month period ended September 30, 2010.
Xcite Energy (TSXV:XEL) announces its unaudited financial results for the 3 month period ended September 30, 2010.
The press release is quoted as saying:
The 9/3b-6 well has now spud and an update on the excellent results of the pilot well was issued on October 25, 2010. Management believes this confirms that an upside structure is present in the eastern half of the reservoir, significantly increasing the volume of oil in place.