Spudding of 9/3b-5 Appraisal Well

Xcite Energy, a heavy oil company focused on the development of discovered resources in the UK North Sea, is pleased to announce that the 9/3b-5 appraisal well on the Bentley field has now spudded. The Company anticipates reaching its target depth in the second week of January, and expects testing to be completed before the end of January.