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Xcite Energy

03:44 PM EST - Xcite Energy : announced its results for the three-month period ended June 30. Net profit in the current period was GBP10 million arising from the sale of technical well data from the Bentley field to a third party for an initial sum of $15 million, and the disposal of surplus oilfield equipment. Cash balance was GBP24.9 million at June 30, with no escrow accounts. Xcite Energy shares V.XEL are trading unchanged at $1.73.