Xcite Energy announces drilling results of 9/3b-6 well

Xcite Energy Limited, an oil exploration and development company, has announced that the 9/3b-6 well on the Bentley field has reached a target depth for the first part of the planned work program, the pilot section of the well.

The pilot section confirmed 113ft oil column, approximately 40ft thicker than the 73ft prognosis, in a high quality Dornoch reservoir and confirmed the oil water contact at 3,729ft total vertical depth. The oil column has 100% net to gross.

The pilot section has provided reservoir information for use in optimizing the placing of the horizontal wellbore and for planning the first stage development. The pilot section was extended to test the Jurassic play concept approximately 800ft deeper than the Bentley field Dornoch accumulation and encountered 15ft of Jurassic reservoir with oil shows, the company said.

The Bentley oil field is located on Block 9/3b (License 1078), approximately 160km east of the Shetland Isles, in which Xcite Energy holds 100% working interest. The pilot section has now been cemented and abandoned, and work has commenced on the horizontal side track which is planned to flow test the Dornoch oil column. The completion and testing of the horizontal section is expected by the end of November 2010, the company added.