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Xcite Energy Limited (XEL) - Financial and Strategic SWOT Analysis Review provides you an in-depth strategic SWOT analysis of the company’s businesses and operations. The profile has been compiled by GlobalData to bring to you a clear and an unbiased view of the company’s key strengths and weaknesses and the potential opportunities and threats. The profile helps you formulate strategies that augment your business by enabling you to understand your partners, customers and competitors better.The profile contains critical company information including:- Business description – A detailed description of the company’s operations and business divisions.- Corporate strategy – Analyst’s summarization of the company’s business strategy.- SWOT Analysis – A detailed analysis of the company’s strengths, weakness, opportunities and threats.- Company history – Progression of key events associated with the company.- Major products and services – A list of major products, services and brands of the company.- Key competitors – A list of key competitors to the company.- Key employees – A list of the key executives of the company.- Executive biographies – A brief summary of the executives’ employment history.- Key operational heads – A list of personnel heading key departments/functions.- Important locations and subsidiaries – A list and contact details of key locations and subsidiaries of the company.- Detailed financial ratios for the past five years – The latest financial ratios derived from the annual financial statements published by the company with 5 years history.- Interim ratios for the last five interim periods – The latest financial ratios derived from the quarterly/semi-annual financial statements published by the company for 5 interims history.HighlightsXcite Energy Limited (Xcite Energy) is a heavy oil appraisal and development company. It focuses on the development of discovered oil resources in the UK North Sea. Xcite Energy has 100% working interest in the Bentley field in the UK North Sea. It also holds and operates three other blocks in this region. The company carries out operations through its wholly owned subsidiary, Xcite Energy Resources Limited (XER). Xcite Energy is headquartered in Tortola, British Virgin Islands.
The company focuses on selecting partners to support its development activities. In line with this approach, it entered into a Memorandum of Understanding (MOU) with China Oilfield Services Limited, for the provision of a new-build N Plus Class jack-up drilling rig In November, 2014.Xcite Energy Limited Key Recent DevelopmentsJun 11, 2015: 2H Celebrates Five Years In AberdeenMay 29, 2015: Xcite Energy: First Quarter Results For The 3 Month Period Ended 31 March 2015May 14, 2015: Xcite Energy Result Of AGMMar 25, 2015: Xcite Energy: Results For The Year Ended 31 December 2014Dec 04, 2013: Re-filing of annual financial statements (amendments to the Report of the Independent Auditors)Key benefits of buying this profile include:You get detailed information about the company and its operations to identify potential customers and suppliers.- The profile analyzes the company’s business structure, operations, major products and services, prospects, locations and subsidiaries, key executives and their biographies and key competitors.Understand and respond to your competitors’ business structure and strategies, and capitalize on their weaknesses. Stay up to date on the major developments affecting the company.- The company’s core strengths and weaknesses and areas of development or decline are analyzed and presented in the profile objectively. Recent developments in the company covered in the profile help you track important events.Equip yourself with information that enables you to sharpen your strategies and transform your operations profitably.- Opportunities that the company can explore and exploit are sized up and its growth potential assessed in the profile. Competitive and/or technological threats are highlighted.Scout for potential investments and acquisition targets, with detailed insight into the companies’ strategic, financial and operational performance.- Financial ratio presented for major public companies in the profile include the revenue trends, profitability, growth, margins and returns, liquidity and leverage, financial position and efficiency ratios.Gain key insights into the company for academic or business research.- Key elements such as SWOT analysis, corporate strategy and financial ratios and charts are incorporated in the profile to assist your academic or business research needs.Note: Some sections may be missing if data is unavailable for the company
Table of ContentsTable of Contents 2List of Tables 4List of Figures 5Section 1 - About the Company 6Xcite Energy Limited - Key Facts 6Xcite Energy Limited - Key Employees 7Xcite Energy Limited - Major Products and Services 8Xcite Energy Limited - Key Operational Summary 9Xcite Energy Limited - History 10Xcite Energy Limited - Company Statement 12Xcite Energy Limited - Locations And Subsidiaries 13Head Office 13Other Locations & Subsidiaries 13Section 2 – Company Analysis 14Xcite Energy Limited - Business Description 14Xcite Energy Limited - Corporate Strategy 15Xcite Energy Limited - SWOT Analysis 16SWOT Analysis - Overview 16Xcite Energy Limited - Strengths 16Strength - Bentley Field Reserve base 16Strength - Licensed Blocks 16Strength - Cash reserves 16Xcite Energy Limited - Weaknesses 17Weakness - Presence in Mature Market 17Xcite Energy Limited - Opportunities 18Opportunity - Collaborations with Operators of Neighboring Fields 18Opportunity - Tax Cut in UK North Sea Exploration Activities 18Opportunity - Liquid Fuel Consumption: Global 18Xcite Energy Limited - Threats 19Threat - Environmental Regulations 19Threat - Exploration Production & Development Risks 19Threat - Fluctuations in Oil Prices 19Xcite Energy Limited - Key Competitors 20Section 3 – Company Financial Ratios 21Financial Ratios - Capital Market Ratios 21Financial Ratios - Annual Ratios 22Performance Chart 23Financial Performance 23Financial Ratios - Interim Ratios 24Financial Ratios - Ratio Charts 25Section 4 – Company’s Oil & Gas Financial Deals and Alliances 26Xcite Energy Limited, Oil & Gas, Deals By Year, 2009 to YTD 2015 26Xcite Energy Limited, Oil & Gas, Deals By Type, 2009 to YTD 2015 27Xcite Energy Limited, Recent Deals Summary 28Section 5 – Company’s Recent Developments 29Jun 11, 2015: 2H Celebrates Five Years In Aberdeen 29May 29, 2015: Xcite Energy: First Quarter Results For The 3 Month Period Ended 31 March 2015 30May 14, 2015: Xcite Energy Result Of AGM 31Mar 25, 2015: Xcite Energy: Results For The Year Ended 31 December 2014 32Nov 21, 2014: Xcite Energy: Results For The 3 And 9 Month Periods Ended 30 September 2014 35Nov 17, 2014: Xcite Energy : Memorandum Of Understanding With China Oilfield Services 37Nov 10, 2014: Xcite Selects AGR Planning Software For Bentley 38Sep 10, 2014: Xcite Energy Collaboration Agreement with Statoil and EnQuest 39Aug 14, 2014: Xcite Energy Announced Results for the 3 and 6 Month Periods Ended 30 June 2014 40Jul 09, 2014: Xcite Energy Director Share Purchases 41Section 6 – Appendix 42Methodology 42Ratio Definitions 42About GlobalData 46Contact Us 46Disclaimer 47List of TablesXcite Energy Limited, Key Facts 6Xcite Energy Limited, Key Employees 7Xcite Energy Limited, Major Products and Services 8Xcite Energy Limited, Key Operational Summary, 2011 9Xcite Energy Limited, History 10Xcite Energy Limited, Other Locations 13Xcite Energy Limited, Subsidiaries 13Xcite Energy Limited, Key Competitors 20Xcite Energy Limited, Ratios based on current share price 21Xcite Energy Limited, Annual Ratios 22Xcite Energy Limited, Interim Ratios 24Xcite Energy Limited, Oil & Gas, Deals By Year, 2009 to YTD 2015 26Xcite Energy Limited, Oil & Gas, Deals By Type, 2009 to YTD 2015 27Xcite Energy Limited, Recent Deals Summary 28Currency Codes 42Units 42Capital Market Ratios 42Equity Ratios 43Profitability Ratios 43Cost Ratios 44Liquidity Ratios 44Leverage Ratios 45Efficiency Ratios 45List of FiguresXcite Energy Limited, Performance Chart (2010 - 2014) 23Xcite Energy Limited, Ratio Charts 25Xcite Energy Limited, Oil & Gas, Deals By Year, 2009 to YTD 2015 26Xcite Energy Limited, Oil & Gas, Deals by Type, 2009 to YTD 2015 27