RNS Number : 5797B
Xcite Energy Limited
17 June 2016
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
17 June 2016
Xcite Energy Limited
("Xcite Energy" or the "Company")
Shareholder Update
The Board of Directors notes the fall in the Company's share price this morning and wishes
to confirm that, in parallel with the discussions with its principal Bondholders with respect to a
potential restructuring of the Bonds, the Company continues with the development funding proposals as stated in the RNS dated 24
May 2016, announcing its first quarter results for the 3 month period ended 31 March 2016.
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 Company's control, or otherwise within the Company's control, for example, if
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.
ENQUIRIES:
Xcite Energy Limited
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+44 (0) 1483 549 063
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Rupert Cole / Andrew Fairclough
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Liberum (Joint Broker and Nomad)
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+44 (0) 203 100 2222
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Clayton Bush /Jamie Richards
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Morgan Stanley (Joint Broker)
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+44 (0) 207 425 8000
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Andrew Foster
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Bell Pottinger
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+44 (0) 203 772 2500
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Henry Lerwill
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This information is provided by RNS
The company news service from the London Stock Exchange
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