• Text size      
  • Send this article to a friend
  • Print this article

Xcite loss less than last year

XCITE Energy, which hopes to develop the Bentley heavy oil field off Shetland, made a net loss of £40,000 in the first quarter, to March 31, compared with a loss of £1.7m in the same period last year.

Chief executive Rupert Cole said the company had made progress and hoped to be in a position to complete a Field Development Plan for Bentley this year.

Contextual targeting label: 
Business

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis.
If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.

234837