Xcite Energy Pact To Drill Bentley Field 9/3b-R Well

2nd Jul 2010 07:09

LONDON (Dow Jones)--Xcite Energy Ltd (XEL.LN), said Friday that it has entered into an agreement for the Ocean Nomad semi-submersible rig to drill the 9/3b-R well on the Bentley field, with an expected spud date around the end of August subject to the current rig program. MAIN FACTS: -The Company expects to conclude final contracts shortly. -This rig provides significant metocean operating advantages over a jack-up unit for the 9/3b-R well program, which continues to be managed by Applied Drilling Technology International. -Shares closed Thursday at 62.50 pence. -By Razak Musah Baba, Dow Jones Newswires; 44-20-7842-9275; [email protected] (END) Dow Jones Newswires July 02, 2010 02:09 ET (06:09 GMT)