Corporate Profile for XCL, dated September 3, 1999.

--(BUSINESS WIRE)--

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Published Date:   September 3, 1999

Company Name:     XCL Ltd.

Address:          Petroleum Tower, Suite 400
                  3639 Ambassador Caffery Parkway
                  Lafayette, LA  70503

Main Telephone
 Number:          318/989-0449
                  New area code effective October 1999
                  (318 or 337 can be used until October 1999)
Main Telefax:     318/989-8153 or 318/989-8438

Chief Executive
 Officer:         Marsden W. Miller, Jr.

Investor Relations
 Contact:         Alice M. Lafaye
 Business number: 318/989-0449

Public Relations
 Contact:         Alice M. Lafaye
 Business number: 318/989-0449

Industry:         Oil and gas exploration and production (in China)

Trading Symbol/
 Exchange:        XCL (American Stock Exchange-Common Stock)
                  Common stock also trades on the London Stock
                  Exchange Limited (no symbol used)

Market Makers:    American Stock Exchange: Specialist/Goin & Co.
                  London Stock Exchange Limited: Market Makers/S.B.C.
                  Warburg Dillon Read; Winterflood Securities

Company description: XCL Ltd. is an independent oil and gas exploration and production company operating almost exclusively in the People's Republic of China. The company focuses on the development of oil reserves on the Zhao Dong Block, a high-potential area with multiple prospects and reservoir objectives, located in the shallow waters of the Bohai Bay, China. A second production-sharing contract was effective October 1, 1998, under which the company will appraise and develop the high-potential Zhang Dong Block, a direct northern and northwestern extension of the Zhao Dong Block.

XCL is proceeding with certain other ventures in China's rapidly growing energy industry, including the manufacture, distribution and marketing of lubricating oil in China.

For more information: http://www.businesswire.com/cnn/xcl.htm.