Xcite Sells Crude, Updates on Pre-production Flow Test

Xcite Energy Ltd. (TSXV:XEL) announced that it sold over 135,000 barrels of Bentley crude to a major European refiner through its offtake agreement with BP Oil International Ltd. at a better price than it expected. It also provided an update on its pre-production flow test.

As quoted in the press release:

The pre-production flow test continues to be conducted in line with the Company’s expectations and is approaching the end of its planned programme.  It is expected to be concluded within the next two weeks, with additional crude oil production in this period included as part of the sold cargo.

Click here to read the full Xcite EnergyLtd. (TSXV:XEL) press release.