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Xcite Energy is a London Stock Exchange alternative investment market limited company (XEL.L). Xcite Energy is also listed on the TSX Venture Exchange (). The company was originally formed as Xcite Energy Resources Limited in 2002 to bring the Bentley Heavy Oil Field in the North Sea into production. The company became a subsidiary of a new British Virgin Islands corporation Xcite Energy Limited in 2007 when it was listed on the AIM and TSX stock exchanges. Most recently the subsidiary changed from a private limited company to a public limited company in June 2014. After many delays, Xcite Energy no longer have a target date for first oil, although it was most recently targeted for 2018. The company was awarded UKCS Block 9/3b containing the Bentley Heavy Oil Field in 2003. Additional licenses were awarded over Blocks 9/3c and 9/3d in the UK 26th Offshore Licensing round in 2010 but were relinquished in January 2015, in accordance with their terms. A final set of licenses was awarded over Blocks 9/4 (part), 9/8b and 9/9f (split) in the UK 27th Offshore Licensing Round in 2012. These blocks contain four significant prospects (Chadwick, Cartwright, Camm and Clement) that will be the subject of evaluation within the four year initial license term on a drill or drop basis. Xcite has stated that they will continue to participate in future licensing rounds, but have not done so to date. Rupert Cole stated at the 2014 AGM that the priority is to submit a fully funded field development plan for the Bentley Oil Field before looking at fulfilling the license requirements for the additional blocks. The parent company, Xcite Energy Limited is registered in the British Virgin Islands and Xcite has offices in Aberdeen, Scotland and Guildford, Surrey. The company owns a 100% interest in the Bentley Heavy Oil Field. A Reserves Assessment Report (RAR) evaluated the amount of oil recoverable (1P, 2P, 3P) in the first and second stage production areas and its net asset value. The most recent statement of reserves data, dated 25 February 2014 confirms Mean PIIP for the Bentley field of 909 MMstb, with 1P, 2P and 3P oil reserves for the Bentley field of 203 MMstb, 257 MMstb and 317 MMstb, respectively, based on an initial 35 year production period. The NPV10 valuation (after tax) was stated as approximately $1.5 billion, $2.1 billion and $2.7 billion on a 1P, 2P and 3P basis, respectively. An updated reserves report is expected in the second quarter of 2015. Richard Smith retired as CEO in August 2012 and was replaced by then-CFO Rupert Cole. Andrew Fairclough was promoted to the role of CFO in February 2014 having previously worked for the company since August 2012 as Corporate Affairs Director. Richard Smith went on to create Wood Smith Asset Management in 2014 with two other ex-employees of Xcite, Richard West and Thomas Blystad. The company is engaged in the extraction of crude petroleum and management consultancy. Roger Ramshaw resigned as Chairman in May 2014 and was replaced by Timothy S. Jones. The director and institutional share holdings are listed on the company website. A 'poison pill' motion was passed at the 2011 annual general meeting to try to prevent a hostile takeover. A $155 million US dollar reserve-based lending (RBL) facility was agreed in June 2012 to further develop the field into full production. This facility was never used and cancelled in June 2014 when a placing of $140 million of senior secured bonds were issued by the company. The company has a market cap of 84 (GBP m) and 309.93 million shares on issue as of April 2015. In May 2013 the company took the unprecedented step of selling the extended well test data to an undisclosed party for $15 (£9.87) Million (See company RNS 13-05-13 RNS Ref 0610F). The buyer of the data was revealed in the 2013 Annual Results to be the Norwegian company Statoil. In May 2014 Xcite Energy signed a Collaboration Agreement with Norwegian state oil company Statoil and oil major Shell (See company RNS 6 May 2014 07:01:42 Xcite Energy Limited RNS Number : 2263G). == References == 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Xcite Energy」の詳細全文を読む スポンサード リンク
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