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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Xcite Energy | LSE:XEL | London | Ordinary Share | VGG9828A1194 | ORD SHS NPV (CDI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.575 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMXEL
RNS Number : 9253J
Xcite Energy Limited
23 December 2015
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION
LSE-AIM: XEL
23 December 2015
Xcite Energy Limited
("Xcite Energy" or the "Company")
Application to cease to be a reporting issuer in Canada
Xcite Energy announces that further to its voluntary delisting from the Toronto Stock Exchange (Venture) with effect from 30 September 2015 it has applied to the Alberta Securities Commission, as principal regulator, and the securities regulatory authority or regulator in each of Alberta, British Columbia, Saskatchewan, Manitoba, Ontario, Nova Scotia, New Brunswick, Prince Edward Island and Newfoundland and Labrador for a decision that it is no longer a reporting issuer in Canada.
If the application is approved and Xcite Energy is no longer a reporting issuer in Canada, the Company will no longer be required to file financial statements and other continuous disclosure documents with Canadian securities regulatory authorities.
A decision to permit Xcite Energy to cease reporting in Canada will not affect Xcite Energy's trading on AIM or reporting obligations in the United Kingdom. In this regard, Canadian security holders will continue to have access to all financial statements and other continuous disclosure documents required to be filed by the Company in the United Kingdom pursuant to its quotation on the AIM market. All continuous disclosure documents of the Company are available on the Company's website at www.xcite-energy.com.
Forward-Looking Statements
This announcement contains certain forward-looking statements that are subject to the usual risk factors and uncertainties associated with the oil and gas exploration and production business. Whilst the Company believes the expectations reflected herein to be reasonable in light of the information available to it at this time, the actual outcome may be materially different owing to factors beyond the group's control or otherwise within the Company's control but where, for example, the Company decides on a change of plan or strategy. Accordingly, no reliance may be placed on the figures contained in such forward-looking statements.
Notes to Editors
Xcite Energy (LSE-AIM: XEL) is an oil appraisal and development company with a portfolio of heavy oilfield assets in the Northern North Sea in the UK. Xcite Energy holds a 100% working interest in the Bentley field; a heavy oil field with 2P recoverable reserves of 265 MMstb, making Bentley one of the largest undeveloped oilfields in the UK Continental Shelf.
ENQUIRIES: +44 (0) 1483 Xcite Energy Limited 549 063 Rupert Cole / Andrew Fairclough +44 (0) 203 Liberum (Joint Broker and Nomad) 100 2222 Clayton Bush / Jamie Richards Morgan Stanley (Joint +44 (0) 207 Broker) 425 8000 Andrew Foster +44 (0) 203 Bell Pottinger 772 2500 Henry Lerwill
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
December 23, 2015 02:00 ET (07:00 GMT)
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