Bentley adds class to Xcite shares
The Aberdeen-based explorer, a favourite among private investors, was one of the most hotly-traded stocks on the market, according to share dealing website Interactive Investor.
Xcite said it would carry out a production test after the drilling of a second well had been completed. The firm said that the Polar Prince installation vessel had successfully fitted a pair of six-inch export pipes to the Rowan Norway drilling rig.
Dougie Youngson, an analyst at Seymour Pierce, said: “Whilst we see the shares performing well, we look forward to data recorded from production testing to verify the commerciality of the asset.”