Xcite Energy (Lon:XEL) will hold its Annual General Meeting this month as it continues to seek out a partner for its Bentley field development and continues negotiations for a possible bond restructuring.
Chairman Timothy Jones said: “The past year has been extremely challenging across the oil and gas industry as I highlighted in our full year results, but we have continued to focus on our efforts to develop the funding required to take the Bentley field into development.
“Not only have we continued to engage with potential partners, but we have also worked hard to try to ensure that the Bentley development remains positioned as an attractive project in a highly capital constrained environment.”
