Xtract Energy - looking for oil in shale. Feasible and cost effective? Anyone in these at present?

Hi queen1, forget the oil shale, thats well down the line, its their stake in MEO 28%, which will drive this share higher in the next few months. DYOR

Rodders

Here is the link for MEO, XTR aquired their stake at an average price of 23 cents!!!!! and since then the price has not risen to reflect the huge rise, but one day it will....

http://www.asx.com.au/asx/research/CompanyInfoSearchResults.jsp?searchBy=asxCode&allinfo=&asxCode=meo

Rodders

Thanks Rodders. Are you in XTR then at present?

And are you saying that the oil shale is not a possibility?

I came by way of COIL, XTR is my largest investment, though I have reduced into strength over the last few months, as I was over exposed.

Oil Shale, at least 2 years down the line, but is a strong possibility.

Has exposure to Uranium, through its stake in Wasabi (WAS).

But MEO is due to put the drill bit into the seafloor in the Timor Sea in September this year, where a previous drill in the 70's, nearly had the rig blown of its rivits by the gas pressure, unfortunately stranded gas was virtually worthless then.!!!!

Also has interests in the Kyrgyz Republic.

and a 33% stake in Elko Energy, which holds concessions in the Danish north Sea.

Rodders

A lot going on then and you're confidant I guess with such a predominant holding. Let's hope we see a northwards sp push in the run-up to September and beyond.

MEO suspended, pending an announcement....

http://www.asx.com.au/asxpdf/20070530/pdf/312q156hpm5vml.pdf

Interesting, could be a placing or a farmin or both????? Though one cannot rule out a full blown T/O. DYOR

Rodders

Is that why we've seen another small drop in XTR's sp this morning?

Price unchanged from last night, though weak in the market today, this is probably due to the issue of more shares as a result of 1p warrants being exercised. The MEO suspension will be taken as +ve.

Rodders

My data had a 6p close and the sp is now at 5.88p?

After a large broker buy, mms now bidding for shares, expect a tick up later.

Rodders

That would be nice having just dipped my toes.

You were right Rodders, a small tick up before the closing bell. Would be nice to see more tomorrow.

MEO suspension - farmin partner likely reason, a Japanese or Korean candidate is rumoured.

Rodders

Hi rodders, see you didn't start thread after all, but now there is one, great. For any new holders that are not aware of the full potential of this share, it would be a good idea to read through the COIL threads for a good historical background. Good luck to all holders.

Hi oilyrag - One very valuable assett that MEO holds right now and hasn't yet been mentioned here or fully appreciated by the market is their ''landing rights'' for their oil and gas and of course 3rd party production as well. It is unprecedented that a tiddler like MEO could have achieved this, but they have and with no further landing permits likely to be passed in the area over the next 10 years.....you get my drift.

Rodders

Thanks oilyrag. I'm looking forward to a long and profitable ride.

Tick up on the bid.

Rodders

MEO due for re-listing on 4th June after announcement I'm in too.

Good day today. Another tick up tomorrow will be a nice way to end my first week as an XTR shareholder.

Well I,ve been in it since the days of Silver Mines Media. Whats worse is that I'm still 3p per share down, but theres light at the end of the tunnel.

Wasabi (WAS) XTR 18%, Rum Jungle moving closer to floatation....

http://www.asx.com.au/asxpdf/20070601/pdf/312rctmcpkv94v.pdf

Rodders

Moving up nicely tks for the tip!

Found some cash down the back of the sofa and decided to have a go at this.

In at 7.49p. Good luck to all.

smart move I reckon....

nice chart...and nice volume earlier in the month to kick start a move...
Large volume going through today as the price moves up..

Right: XTR Bid: 6.75p Offer: 7.75p Change: 0.5, 2.3 mil traded.

Bid was up to 7p, but got kicked back down again on a flurry of sales.

FWIW the mkt cap has pushed through 50 mil (currently 51 mil), so could provoke some institutional buying.

A nice climb throughout the day, closing at Bid: 7p Offer: 7.75p Change: 0.625 on 6.6 mil traded, including a couple of half-mil buys towards day's end. Augurs well for more of the same next week, but WDIK.

Surely we ought to see this one back above 10p shortly?

PDYOR anyway.
ST

.

Welcome on board soul traders. Great week for XTR, let's hope for more of the same next week!

See ASX MEO announce farmin with Petrofac.

Thanks halifax.

And I thought that the object of the exercise of floating more shares in COIL, XTR, MEO and CMB was to keep the potential profits of Tassie Shoal in house.

Queen1, thanks :o)

(Expletive deleted!) Errr . . . fiddlesticks! just spent the last ten minutes preparing a fantastic piece of insight, clicked on the wrong icon and deleted the lot!

Anyway, the gist was that XTR's stake in MEO is worth 45 mil. The current mkt cap of XTR is 56 mil.

Has anyone else run any figures for a sum-of-the-parts analysis? Surely XTR's other interests are worth more than 11 mil?

You can find a lot of them on the COIL thread.

Until XTR/CBM, for they are one and same in my book, come up with trading update and reveal what plans are we cannot have total faith in anything they do currently. I suspect we old CO shareholders got the mucky end of the stick on the merger and may well again if CBM true to form.
Huge potential for the long term here but I suspect XTR may begin to look for funds to advance other projects.
Still I suspect more MEO news will have a bouyant effect.
I just wish John Byrne would stop mucking about with my plans!

MEO update from XTR....

http://www.advfn.com/p.php?pid=nmona&cb=1180961327&article=20894836&symbol=L%5EXTR

Rodders

MEO S/P up 23% today XTR S/P up only slightly maybe because 15million new shares listed today as aresult of options exercised and perhaps susequent selling? Petrofacs involvement with MEO must add a great deal to MEO'S credibility.

Here's the full text of XTR's RNS:

Xtract Energy plc - MEO Update

RNS Number:7240X
Xtract Energy plc
04 June 2007


Xtract Energy plc

MEO announcement

4 June 2007

Set out below is the text of an announcement released today by MEO Australia
Limited, which is quoted on ASX. Xtract Energy plc owns approximately 28 per
cent of MEO Australia's issued share capital (before the share placement
referred to in the announcement).

'FARMIN BY PETROFAC RESOURCES AND PLACEMENT

Key points

*Petrofac Resources farms into NT/P68 for a 10% interest by funding 25% of
well costs

*Placement to institutional investors completed raising A$41.25 million

*Share Purchase Plan for shareholders as at Record Date June 13, 2007

MELBOURNE, AUSTRALIA (June 4, 2007) - MEO Australia Limited (ASX: MEO) is
pleased to announce that Petrofac Resources Limited has farmed into the
Company's Exploration Permit, NT/P68. Petrofac will meet 25% of the well costs
associated with the 2007 appraisal drilling program to earn a 10% interest and
has an option to increase this farm-in interest to 15% by funding 37.5% of the
well costs.

MEO decided late in 2006 to offer up to 30% of NT/P68 for farm-in by strategic
partners that offered strong operational and relevant technical expertise.
Additionally the farminee would need to demonstrate alignment to MEO's
objectives to ensure the rapid commercialization of hydrocarbons confirmed by
the 2007 drilling program and the approved gas-to-liquid (GTL) projects.

Petrofac has also been granted an option to participate in the proposed Tassi
Shoal LNG and methanol projects at the same equity participation level as the
farm-in. Petrofac's participating interest in the methanol project would reduce
Air Product's 50% interest (MEO will retain its current 50% interest).
Petrofac's participating interest in the LNG project would reduce MEO's current
100% interest. Petrofac would earn its interests in the GTL projects by
contributing to the initial front end engineering and design (FEED) costs and
paying a NPI royalty to MEO from the Petrofac share of the project's eventual
operating profits.

Petrofac brings strong engineering, procurement, construction and operational
expertise to the NT/P68 joint venture through their EPC and facility management
divisions. Petrofac also provides an experienced sub-surface team with specific
skills in hydrocarbon production from fractured carbonates similar to the
Epenarra reservoir, and will second key personnel into the MEO team to help
manage the 2007 drilling program. Following the completion of the 2007 drilling
campaign, Petrofac will assume the role of permit operator to manage the
subsequent full appraisal of any resources confirmed in the permit and would
operate the eventual upstream hydrocarbon production facilities.

MEO continues to field strong interest from highly credentialed industry players
eager to join Petrofac and participate in MEO's projects. MEO expects to resolve
the farm-out for the balance of the 30% interest over the coming weeks. However,
MEO believed it prudent to raise sufficient funds ahead of finalising other
farm-in arrangements to ensure that it can meet its financial obligations for
the 2007 drilling program on a dry-hole cost basis.

The Company is pleased to advise that during the trading halt, a placement of
41.25 million shares at A$1.00 per share was made to Australian and European
professional and sophisticated investors. The placement was jointly managed by
the Company's Australian broker, Tolhurst Limited, and London broker, WH
Ireland. The offer was heavily over-subscribed.

The Company has also decided to initiate a Share Purchase Plan (SPP). Australian
and New Zealand Shareholders on MEO's register at the Record date of June 13,
2007 can apply for up to 5000 shares at A$1.00 per share; the same terms as the
placement just completed. No brokerage fees will apply to the SPP shares. Each
shareholder will shortly be sent an application form and a copy of the Company's
Half Year Report. The offer will open on June 15, 2007 and applications and
payment must be received by 5pm (EST) on July 6, 2007.

The Company is now in a strong financial position and looks forward to working
with Petrofac to achieve a successful outcome in the drilling campaign later in
the year.

CR Hart
Managing Director
June 4, 2007

Hailfax, good point about the shares admitted today arising from the warrant exercise. nicely profitable for some!

That was a hasty release. Did XTR know it was coming out or did someone sleep in today? Warrants? How many exist? I thought they were all taken up!
I'm getting slightly concerned about XTR's behavur.

It's lucky for them that some parts round here are on the case!
I thk the MEO RNS was posted on bb's before open in UK, elsewhere today!

Upon(-etc.), the warrants are accounted for in the notes to the interim results. No conspiracy there.

and another slight nudge up : XTR Bid: 7.5p Offer: 8p Change: 0.375.

OK st.
Merely a concern having known about MEO for some considerable time and being in COIL/XTR for much longer that it has taken 't now to get some action. Their, XTR/COIL, corporate behaviour has been questionable in the past. Perhaps with the focus now on their major play in MEO now they will clean up, and smarten up, their act?

I certainly hope so. Agree that COIL was a disappointment - had a small investment in them a couple of years back which didn't do much. So my current holding is a bit of a punt, largely based on the MEO scenario. Lomg-term I like the idea of the oil-shale, so who knows, it may do us proud.

I'm with you soul traders. Interesting short-term prospects re MEO and longer-term potential with oil-shale. I'm new to the company as you'll see when I started this thread last week so am unaware of past management behaviour but it's been an exciting, if very short, introduction so far!

Q1, would you mind posting a price chart to the header? Then we'll all be able to see how exciting it's been. :o)

MEO's SP off 3% today on profit-taking. hardly surprising after yesterday.

Never done that before soul traders. How would I go about doing it?

PS - sorry for ignorance and daft question!

Errrm, use the "charts" button on the top of the moneyam webpage (it can be helpful if you open a new window to do this). Enter the ticker symbol and details of the chart you want to design. When you've finished, click the link "Paste chart to bulletin board" which is at the bottom of the chart.

you'll get a new webpage on which will be a URL. this will be about two or three lines of text o the screen. Copy and paste this, including the little arrows that bracket it at either end, into the box on this thread along with any text you may wish to type in.

"Post Message" and you should see your chart in all its glory.

In order to edit the header, you'll need to click on the little pencil-and-paper icon next to the thread's title.

good luck!

Crikey - did it! Thanks soul traders :-)

542,500 spent on over 7 million shares at 1.30pm this afternoon. A huge buy so where's the SP up-tick?

It was a broker to broker transaction

Well done, Queen1 - very nice :o)

Meaning what halifax?

Thanks soul traders!

Easy answer is dont know but as we know Cambrian Mining has a majority shareholding in XTR perhaps they are increasing their stake, not sure why they are not obliged to make an offer for XTR as they control over 50% of the shares. Where is XTR domiciled?

Thanks halifax.

Ever since I put the chart in the sp has fallen. Perhaps I should take it out!

The price has fallen because the last placing ammounts to a dilution, also the joint venture with Petrofac reduces the potential profits for XTR. The price will drift a bit and only rise on news or if the market feels that its gone too low. Hard to say how low it may go, but at the moment I can only see a downward trend. IMO. DYOR.

We have had no update on ex-COIL's or XTR's assetts for months now, so PI's can only base their investment decisions on one tangible stake MEO. With directors of MEO taking the opportunity to take some profit on their shares, I am surprised in one way that the MEO share price has not fallen that much, however considering what they have, very valuable landing rights and a high impact drill near term, I cannot see it falling very far. DYOR

Rodders

Cheers both. Watch & wait then.

What with MEO's PX going up up up and away we are surely going to follow suit!!!! The rig is now in place in Darwin......let the drilling commence and let the pounds roll in!!!!!!!!! Fill your boots!!!!

More revenue due in for XTR if they launch an IPO for Elko..see RNS today.
I think we'll see it happen in about three months, maybe early New Year.

Things do seem to be coming together nicely at the moment - and let's hope those aren't famous last words!

Xtract Energy is pleased to note the announcement by investee company MEO Australia Limited ('MEO') advising that the Heron-2 well was spudded on Friday 12 October 2007 in Exploration Permit NT/P68. Xtract is the largest shareholder in MEO holding approximately 21.3% of the issued capital.

The permit is owned by MEO (90%) and Petrofac Energy Developments Oceania Ltd. (10%). MEO operates the permit.

The planned total depth of the Heron-2 well is 4,300 metres below the seafloor. Depending on the results of Heron-2, the permit partners plan to drill Heron-3, which is designed as a horizontal well through a zone anticipated to be highly fractured in the Darwin Formation, to test well deliverability.

Xtract Energy said MEO Australia Ltd, in which the company holds 21.3 pct, has secured a 60 pct participating interest in three exploration permits on the Northwest Shelf, offshore Australia. The permits offer scope for many prospective oil and gas leads, and MEO said the acquisition offers the opportunity to significantly broaden the scope of its current upstream interests.

MEO has farmed into the permits operated by Cue Energy Resources Ltd through its North West Shelf Exploration Pty Ltd unit.

Xtract said MEO has become operator for each permit and will meet the modest seismic acquisition obligations. In any of these permits, if MEO decides to fund 100 pct of the cost of a single well, a 70 pct interest will have been earned. The MEO interest in that permit would remain at 60 pct, if the existing permit holders elect to pay 10 pct of the cost of a single well in any permit.

Drilling is likely to occur in 2009 in permits where MEO decides to fund the cost of a well, Xtract said. MEO is currently drilling the Heron-2 well in exploration permit NT/P68 in the Timor Sea.

Serius buying today. News may be forthcoming at EGM.

On the move again today good volume drilling results due before Christmas.

Increased resources estimate published today re Julia Creek Oil Shale.

Looks good to me but WDIK; these oilers are slippery! PDYOR, etc.

Xtract Energy plc - Investment Update
RNS Number:4867L
Xtract Energy plc
10 January 2008

10 January 2008 AIM: XTR

XTRACT ENERGY PLC
('Xtract' or the 'Company')

INVESTMENT UPDATE - OIL SHALE

Xtract Energy Plc ('Xtract') is pleased to provide an update to investors on its
programme to develop and exploit the significant oil shale resources of its
wholly owned Australian subsidiary, Xtract Oil Ltd.

Xtract's proprietary oil shale technology is directed towards improving economic
and environmental performance compared with 'traditional' technologies.

Recent milestones that have been reached include:

*A supplementary drilling programme was completed in Julia Creek, the
Queensland Australia concession area, in 2007. A review of the new data in
conjunction with existing data has been carried out by independent
geologists Nolan and Associates Pty Ltd. The total indicated and inferred
resources have been assessed as 2.12 billion barrels of oil in situ*,
comprising 240 million barrels of indicated resources and 1,875 million
barrels of inferred resources.

*The revised resource statement represents an increase of over 150%
compared with the previously declared figure of 825 million barrels.

*Advanced autoclave equipment designed to scale up the batch size for
testing and development of Xtract's proprietary technology was commissioned
on Monash University campus in November 2007. Samples of the resulting
liquid hydrocarbons for distillation curve analysis are now with analytical
laboratories.

*Based upon the technology and resource developments and product material
supplied, Worley Parsons, a leading Australian-based international project
services supplier, will shortly begin expert work to evaluate the technical
and commercial feasibility of the project.

Xtract has commenced the design of a small scale continuous reactor and,
following further testing and the completion of the feasibility study, it is
intended to file a provisional patent application for the process. Early
indications are that Xtract's proprietary technology could double the yield of
liquid hydrocarbons from oil shale and achieve superior environmental
performance compared with the traditional retorting methods**.

If successful, the technology could unlock oil shale resources beyond Australia.
In addition to ultimately seeking licence opportunities, Xtract is active in
seeking out additional oil shale resources with a current focus on North Africa.
Further announcements will follow as appropriate.

The mining and production of refinery feed-stock crude oil represents a
potentially significant and valuable source of hydrocarbon to help satisfy
future international energy demands. Oil prices are expected to continue to
provide good support to project economics.

*Based on the internationally recognised Australasian Code for Reporting of
Exploration Results, Mineral Resources and Ore Reserves (The JORC Code - 2004
Edition.)

**Compared with the traditional retorting methods assumed for JORC calculations
above.

and a nice rise on the news, too: XTR Bid: 5.75p Offer: 6.5p Change: 1

Yes a better day today after some recent sp drift. Let's hope it can base at 6p and make its way up from there.

Meo abandons well and markets slate sp, even when no value had been added in, in the first place. Correction overdone in my view, could be looked on as a buying opportunity. DYOR.

Have I lost the plot? 1million shares sold out of 734million in existance and the price drops 40%. Thats absolute bo--ocks in anyones book.

It's a crazy day all round today and all resources companies are taking a battering on the fear of reduced future demand. But I agree oilyrag, today's drop is ridiculous.

anyone got anything to say about this stock recently?

No, it's very quiet at the moment mark.

At 11:10 today, how can you sell 0 shares for 3.5p.?

Today's trading 160000 sold nearly 3000000 bought and sp drops. How ridiculous is that. However last night there were 5000000 sold at the end. Is this the start of Cambrian offloading their holdings? The sp could be down today so that mm's can shift stocks that they have and the future supply from Cambrian if they are selling. Bearing in mind XTR'S holdings in MEO are worth 2.28p per share then nearly everthing else is thrown in for free. Absolute bargain as far as I'm conserned. IMHO DYOR.

Another mark down, must be CBM overhang to clear. If it gets too cheap, i.e. free, I'll buy the lot, haha. Keep a look out for an absolute bargain.

IMHO, sub 2p.

I agree oilyrag. Far too cheap at these levels.

I suspect the same is happening here as on RIFT this morning. Buying below the mid at 2.38p.

Topped up this am, with testing results imminent could hit 4p+? Most trades being reported as sells more likely to be buys imv?
cyril

Looking at the trades one would believe that almost all were sells, when brokers are offering 500,000 at 2.3p. IMV we have constant buying as it should be remembered that EK is putting a VALUE of 10P and is purchasing.
cyril

22 June 2009

AIM: XTR

XTRACT ENERGY PLC
("Xtract" or the "Company")

INVESTMENT UPDATE - Extrem Energy

Further to the announcement made on 18 May 2009, Xtract Energy Plc
("Xtract") is pleased to provide the following update on the
operations of its Turkish joint venture Extrem Energy A.S. ("Extrem
Energy").

Sarikiz-2 Production Test

The Production Test is continuing.

The sandstone interval between 1741m and 1746m was perforated on
Friday 19th June at 21.02 hours and oil was recovered to the surface
in the early hours of Saturday 20th June. In addition to oil, the
initial flow contained muds and fluids used in the drilling and
testing procedures. The flow testing procedure was continuing at
0600hours on Monday 22nd June and is expected to go on for 2 more
days to establish a steady oil flow and understand the possible production performance and system. Following this procedure, the
interval will be isolated to test the next zone.

A further 7 intervals at depths between 1545m and 1733m remain to be
tested, representing a further 47m, compared with the 5m in this
interval. Whilst not all intervals may perform to the same level,
there is clearly potential to exceed the pre-test production
estimate. Completion of the production test is expected to take up to
another 15 days.

Prior to the testing of the 1741-1746m layer, both shallower and
deeper intervals had been tested without positive commercial result.
The information gleaned from those tests was used to refine the
interpretation of well data and to determine the remaining test
sequence.

Further progress updates will be provided as appropriate.

All operations are controlled and operated by Merty Energy, Xtract's
joint venture partner in Extrem Energy.

Xtract currently holds 20% of Extrem Energy and has the option of
increasing its shareholding to 34% by contributing a further
investment of US$3.5m before 30 June 2009.

The above information has been reviewed and approved by Ongun
Yoldemir, Managing Director of Extrem Energy, who has a masters
degree in geological engineering and worked as an explorationist in
the oil and gas sector in the Middle East, Kazakhstan, Azerbaijan,
and North Sea, has over 28 years' experience in the resource and
energy sector and is a member of the American Association of
Petroleum Geologists, European Association of Geologists and
Engineers, the Society of Exploration Geophysicists and several
related Turkish institutions.

Enquiries please contact:


Xtract Energy Andy Morrison, CEO +44 (0)20 3205 1148

Smith & Williamson David Jones +44 (0)20 7131 4000
Corporate Finance Azhic Basirov

Scott Harris Ian Middleton +44 (0)20 7653 0030
James O'Shaughnessy


About Xtract Energy

Xtract identifies and invests in a diversified portfolio of early
stage energy sector technologies and businesses with significant
growth potential. The Company aims to work closely with the
associated management teams to achieve critical project milestones,
to finance later development stages, and to build and crystallise
value for all shareholders and partners.

For further information on Xtract please visit
www.xtractenergy.co.uk


A short description of the principal assets of Xtract is set out
below. These assets are either held directly or through wholly owned
subsidiaries of the Company.

MEO Australia Ltd ("MEO")

MEO (ASX: MEO) aims to become an integrated Australian Gas-to-Liquids
("GTL") company. In 2008, MEO made significant gas discoveries in the
Australian Timor Sea, in an area of shallow water known as Tassie
Shoal. Early commercialisation of these discoveries is planned
through construction of Liquified Natural Gas ("LNG") and Methanol
plants and export terminals on the off-shore Tassie Shoal. MEO has
already secured Australian Government environmental approvals for two
large scale (1.8 Mtpa) methanol plants and a 3 Mtpa LNG plant on
Tassie Shoal. Xtract owns approximately 6.0% of MEO's issued share
capital.

Elko Energy Inc. ("Elko")

Elko is a Canadian registered oil & gas exploration company which has
interests in exploration and production licences in the Danish and
Dutch North Sea. Its major asset is in the Danish North Sea; an 80%
interest on 26 offshore blocks in a 5,400 sq km exploration and
production licence close to the prolific Central Graben oil field.
Technical work indicates the potential for significant reserves. Elko
also holds a 60% operating interest in gas-bearing license blocks P1
and P2 in the Dutch North Sea. Xtract owns approximately 35.0% of
Elko's issued share capital.

Extrem Energy AS ("Extrem Energy")

Extrem Energy is an exploration and production joint venture with
Merty Energy of Turkey. The JV's aim is to create a new medium-sized
oil and gas exploration and production business, initially focused on
Turkey where Merty Energy has particular experience and expertise.
Extrem Energy has a portfolio of licence interests including the high
potential prospect at Candarli Bay in south-west Turkey. Xtract owns
20% of the issued share capital of Extrem Energy and has the option
of increasing its shareholding to 34% before 30 June 2009.

Xtract Oil Ltd ("XOL")

Xtract's wholly owned subsidiary, XOL, is focused on the development
of the Company's oil shale resources in Australia and the technology
for oil extraction from oil shale resources. Xtract has oil shale
exploration rights over mining tenements in the Julia Creek area of
Queensland. In addition to evaluating third party technologies, XOL
has been developing proprietary technology for the commercial
extraction of liquid hydrocarbon products from oil shale.

Xtract Energy (Oil Shale) Morocco SA ("XOSM")

XOSM is a joint venture with Alraed Limited Investment Holding
Company WLL, a company controlled by His Highness, Prince Bandar Bin
Mohd. Bin Abdulrahman Al-Saud of Saudi Arabia. XOSM has signed a
Memorandum of Understanding with the Office National des
Hydrocarbures et des Mines for the purposes of evaluation and
possible development of an oil shale deposit near Tarfaya, in the
south west part of Morocco. Xtract currently holds 70% of the joint
venture.

Wasabi Energy Ltd ("Wasabi")

Wasabi (ASX: WAS) is a diversified investor in traditional and
renewable energy technologies. Amongst its listed assets it holds
approximately 38% of Rum Jungle Uranium Ltd (ASX: RUM) which has
interests in uranium exploration licenses covering some 4,150 sq km
of Australia's Northern Territory and approximately 12.5% of
Greenearth Energy Ltd (ASX:GER) which aims to explore and develop
geothermal resources in Australia and the wider Pacific Rim. Xtract
owns approximately 17.4% of the issued share capital of Wasabi.

Zhibek Resources Ltd ("Zhibek Resources")

Zhibek Resources is an oil and gas exploration and production company
which has a 72% interest in the Tash Kumyr and Pishkoran exploration
licences in the Kyrgyz Republic. Xtract has entered a farm-out
agreement to fund a seismic and drilling programme for 2008-09.
Xtract owns 25.0% of the issued share capital of Zhibek Resources.

---END OF MESSAGE---




This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.

Comment from Evil's Diaries:-

10/6/09

"On XTRACT ENERGY ( XTR ), still 2.3p to buy, I was yesterday asked whether the target price is changed. It may be in some investors' minds but not in mine.

I simply do not know what to suggest but at least 10p seems all too feasible on the Turkish oil play alone. There is overhang from the winding down of the RAB and Lehmans holdings but that should not concern the reasonable investor. Indeed, it could be regarded as a plus point in the sense of explaining why Xtract is so low.

Further, some fear that Cambrian's merger with Western Canadian will see CBM's holding of Xtract unloaded. Au contraire, I see Xtract's position strengthened."

"I have watched Xtract Energy (XTR) drift back until the temptation grew too much. So I bought another 1m at 2.25p. Besides, I smell Turkish coffee on the way. Or is that Turkish delight? "

Thursday, March 19, 2009

Xtract Energy: moving closer to production
by Robert Waterhouse.

If any natural resources company follows the old adage of not putting all the eggs into one basket it is surely London-based AIM-listed XTRACT ENERGY (XTR). In August 2008, as market conditions were worsening, the company announced the extension of its already diversified portfolio of early stage energy sector technologies and businesses: a new exploration and production joint venture with Merty Energy of Turkey had been added.

With cold financial winds blowing hard through the sector, producing assets are valuable commodities and Xtract and Merty have scored an immediate hit with the first oil well drilled in Turkey under the banner of their joint venture company Extrem Energy. Test production is due to commence in the second half of April and last for about one month, the results being used to determine the number of production wells and the capacity of surface facilities required for field development.

This early progress in Turkey has been a real fillip for Xtract, whose operations and investments did not previously include production or near-production assets. With evidence of green shoots at low-profile unlisted North Sea explorer Elko Energy in which Xtract has a 35% stake the coming months offer the prospect of valuable progress on more than one front.

Xtract Energys portfolio, which is held through investments in listed and unlisted companies as well as subsidiaries, is broad despite the market currently assigning it a rather niggardly net worth of around 8 million. The principal assets are outlined below, followed by a little more detail for those that appear to be the most newsworthy in the near-term.

ASSET OVERVIEW

For a small company, Xtract Energy is probably unique in the geographical spread and varied nature of its operations and interests, which range from conventional on-shore exploration and production through to cutting-edge research and technology.

In outline, Xtracts current portfolio comprises:

a 20% stake in Extrem Energy, a joint venture with Merty Energy, initially focussed on a portfolio of licence interests in Turkey including the high potential prospect at Candarli Bay. Xtract has the option of lifting its shareholding to 34% before 30 June 2009;

a 35.4% stake in Elko Energy, which has interests in exploration and production licences in the Danish and Dutch North Sea;

a 25% stake in Zhibek Resources, an oil and gas exploration and production company with a 72% interest in the Tash Kumyr and Pishkoran exploration licences in the Kyrgyz Republic;

an 11.6% stake in MEO Australia (ASX:MEO), which aims to become an integrated gas-to-liquids company;

a 100% stake in Xtract Oil Ltd, a subsidiary focussed on the development of the companys oil shale resources in Australia and the technology for oil extraction from oil shale;

a 70% stake in Xtract Energy (Oil Shale) Morocco SA, a joint venture with Alraed Limited Investment Holding Company WLL which is controlled by His Highness, Prince Bandar Bin Mohd. Bin Abdulrahman Al-Saud of Saudi Arabia, evaluating the potential of an oil shale deposit near Tarfaya in Morocco;

a 19.4% stake in Wasabi Energy (ASX:WAS), a diversified investor in traditional and renewable energy technologies, and:

a 100% stake in Sermines de Mexico SA, a subsidiary with gold exploration licences in the Sonora belt region of Mexico.

In the Interim Results for the six months ended 31 December 2008, the unaudited Balance Sheet showed net assets of 11.3 million with a cash position of 1.69 million. Xtracts executive chairman has recently advised the market that action has been taken to reduce cash burn in the current climate of financial turmoil.

EXTREM ENERGY (Xtract Energy ownership 20%)

In August 2008 Xtract Energy announced the completion of a definitive agreement with Merty Energy of Turkey for an investment in a new exploration and production joint venture. The aim is that the new company, Extrem Energy, should become a medium-sized oil and gas E&P focussed initially upon Turkey, where Merty has particular expertise and experience.

The current 20% stake represents an outlay of $5 million by Xtract, and has facilitated the initial work programme; seven licence interests previously held by Merty have been put into the new company, including the high potential prospect at Candarli Bay in south-west Turkey. Xtract has the option to raise its holding to 34% by contributing a further $3.5 million before 30 June 2009.

The first well in the Alesehir/Sarikiz licence area, Sarikiz-2, was successfully completed in December 2008. Extrem Energy holds 80% of the licence, with the balance held by the Turkish company Petrako. Results were markedly better than the pre-drill estimates, and the seismic has recently been re-interpreted to incorporate the well data. The Sarikiz field is now believed by the company to be a fan delta body covering 4 square kilometres, with an average reservoir thickness of some 50 metres; the respective pre-drill estimates were 2 square kilometres and 10 metres. This has led to a substantial uplift to the total oil in place estimate, which the company now considers (P50 basis) to be approximately 158 million barrels.

The reservoir characteristics are also better than expected; around the well, the recovery factor is now put at 35% with the recovery for the rest of the field currently unknown but expected to be in the 20% to 35% range. The total estimated recoverable volume for the field is currently in the range 32 million to 55 million barrels. If this were confirmed with the drill bit, the attributable working interest to Xtract Energy would be some 5.1 million to 8.8 million barrels at a 20% holding in Extrem Energy, or from some 8.7 million to 15 million barrels at the maximum 34% level. These considerations tentatively suggest that Xtracts interest in Sarikiz might be in the range 5 million to 15 million barrels recoverable. Such volumes, when set against Xtracts current market capitalisation of some 8 million would clearly be significant.

The company is going to production test 12 levels of sandstone at Sarikiz-2, with a combined thickness of 75 metres; there are also a further 11 levels which contain producible oil. The estimated production rate from the 12 levels is expected to be at least 500 barrels of oil per day, and laboratory reports indicate good quality 33.5 degree API crude oil. With the reservoir less than 2000 metres from surface and with favourable characteristics, an onshore European field of this type represents an attractive development opportunity.

Bolstered by this good result, Extrem Energy is currently acquiring a projected 182 kilometres of 2-D seismic over its 100% interest in the Siraseki licence area in south-eastern Turkey; the company expects further drilling targets to be identified following the interpretation of the data.

Whilst it is undeniably early days for Extrem Energy, it would not be exaggerating to say that this new venture has got off to something of a flying start.

ELKO ENERGY
(Xtract Energy ownership 35.4%)

Progress at Elko Energy, an unlisted Canadian registered company with sizeable interests in exploration and production licences in the Dutch and Danish North Sea, was in contrast disappointing taking 2008 as a whole. So much so that Xtract played a major role in the recent restructuring of Elkos board, with Peter Moir the former Asset General Manager for the Central North Sea area at British Gas (BG Group plc) coming in as President and CEO of Elko Energy. Strengthening of internal staff resources at Elko is underway to help accelerate progress in certain areas.

At 31 December 2008, Elko held cash assets of $13.3 million and in February 2009 completed the acquisition of Oyster Energy BV, increasing Elkos stake in the adjacent Netherlands blocks P1 and P2 to 60%; the remaining 40% is held by its Dutch government partner. This acquisition has cleared the path for Elko and its partner to move forward with the development and marketing of these assets. Seven wells have been drilled by previous operators in Block P1, five of which encountered gas in three separate structures. During 2008 TRACS International independently assessed the Slockteren sandstone as containing more than 250bcf of gas, plus a potential additional 500bcf in further prospects. Assuming that European gas prices remain reasonably firm, such resources would seem to offer valuable appraisal and development possibilities.

Elko Energy also has an 80% interest in 26 offshore blocks in the Danish North Sea, the remaining 20% held by a Danish government entity. This is the largest exploration licence in Denmark, and in May 2008 TRACS International estimated the aggregate unrisked P50 net prospective resource at 1.8 billion barrels of oil or 8.4 trillion cubic feet of gas. The first exploratory well is estimated to cost some $25 million and Elko currently plans to farm-out part of its interest before the commencement of future drilling activity. This acreage represents the blue sky element of the Elko portfolio and significant success with such large opportunities would potentially be transformational for the company.

Elko Energys board of directors is currently determining the medium term strategy which will then be presented to its shareholders and thence to Xtract Energys shareholders, who will doubtless be eagerly awaiting details during the coming weeks.

OWNERSHIP & OUTLOOK

Xtract Energy is 45.3% owned by Cambrian Mining plc, which seeks to divest this investment but not at fire sale prices in the current distressed natural resources environment. The previously planned dividend in specie allocation of part of Cambrians shares in Xtract Energy to the Cambrian shareholders, with the balance being taken by strategic investors, has consequently been put on hold by Cambrian. The other significant holdings in Xtract Energy as at 30 June 2008 were 4.45% by RAB Special Situations, and 3.92% by Lehman Brothers International (Europe).

Whilst Xtracts share price has undeniably slipped over the past year, there is no sign of the heavy institutional forced selling which has plagued many of its peers. The company has not found the past year an easy one by any means, but a good production test result from Sarikiz-2 might well help put a spring in the step of Xtract Energy and its investors.

The author holds shares in Xtract Energy

Gervis; thanks for your recent input,interesting reading. Hoping by monday at the latest, we get news of the 2 day flow test,although not qyite sure if they'ill release or wat until all the levels are finished?
cyril

Annouced by MEO on the ASX that XTR have sold there remaining stock for roughly 0.6m.
cyril

niceonecyril - XTR still has an interest in MEO, with the recent sales they have fallen below the radar and have ceased to become a sustantial shareholder.

XTR still hold approximately 19m shares in MEO.

Rodders

Rodders; yes your correct, i mis-read the document. Sustained buying this am,sP
clawing back some of the losses over the last couple of days,here's hopmg for4p+
for starters next week.
cyril

RNS possibly due Monday on flow testing 1741-46m level at Sarikiz-2 well and also testing further 7 levels. Possible production levels to be announced ?.

May also increase stake from 20% to 34% in the JV with Merty, Extrem Energy.

Looks to be in an incredibly strong position with a diverse range of interests/projects with great potential.

Xtract Energy Investment update





TIDMXTR

3 July 2009


Further to the announcement made on 19 June 2009, Xtract advises that
during the final weeks of June 2009 it sold a further 10,670,000 of
its shares in MEO Australia Limited ("MEO") for an aggregate
consideration of A$2,374,120. The proceeds of the sales will be used
to support the growth of the other investments within the Company's
portfolio and provide working capital. Following the sales, Xtract
holds 14,375,629 shares in MEO, representing approximately 3.4% of
MEO's issued share capital.

As a result of the decrease in the size of Xtract's interest in MEO,
future announcements made by MEO on the Australian Stock Exchange
will no longer be relayed as a matter of routine by Xtract on AIM.
cyril

DRILLING UPDATE - Extrem Energy

Further to the announcement made on 1 July 2009, Xtract Energy Plc
("Xtract") is pleased to provide the following update on the progress
of the production test being carried out at Sarikiz-2 by its Turkish
joint venture Extrem Energy A.S. ("Extrem Energy").

Following the test of the interval at 1728-1733m which was found to
produce associated carbon dioxide, further technical interpretation
was carried out. This revealed the existence of a minor fault which
was causing carbon dioxide from deep levels to penetrate the deeper
oil reservoirs. The fault did not appear to extend further upwards.
The new interpretation has been validated by the test of the interval
between 1710-1715m which was completed on 6 July 2009. After recovery
of the drilling fluids, the production test flowed oil without
associated carbon dioxide. Initial indications are that a pumped oil
flow rate of approximately 180bbl/day could be achieved from that
interval alone.

With the benefit of the new interpretation, the number of intervals
still to test has been increased to eight, representing a further
57.5m of reservoir thickness compared with 6.5m of thickness in the
interval just tested. The remaining sandstone intervals lie in a
structure between the depth range 1483m to 1697m.

Log indications are favourable for the remaining intervals but the
ability to produce from them will remain unknown until they are
tested. At this time, it is reasonable to expect that the total
production flow rate from the well will meet or exceed the pre-drill
estimate of 500bbl/day.

Further progress updates will be provided as appropriate.

All operations are controlled and operated by Merty Energy, Xtract's
joint venture partner in Extrem Energy.

Xtract holds 27% of Extrem Energy and has the option of increasing
its shareholding to 34% by contributing a further investment of
US$1.75m before 5 August 2009.

The above information has been reviewed and approved by Ongun
Yoldemir, Managing Director of Extrem Energy, who has a masters
degree in geological engineering and worked as an explorationist in
the oil and gas sector in the Middle East, Kazakhstan, Azerbaijan,
and North Sea, has over 28 years' experience in the resource and
energy sector and is a member of the American Association of
Petroleum Geologists, European Association of Geologists and
Engineers, the Society of Exploration Geophysicists and several
related Turkish institutions.
cyril

mm were short of shares at the close, so could see a mark up in the morning.

Rodders

Directors buy today reported just after the close.

7 July 2009

AIM: XTR

XTRACT ENERGY PLC
("Xtract" or the "Company")

Director's dealing

The Company has been informed that Mark Nichols, a non-executive
director of the Company, today purchased 650,000 ordinary shares in
the Company at a price of 3.50p per share. Following this purchase
his total holding in the Company is 2,920,000 ordinary shares,
representing approximately 0.4% of the current issued share capital
of the Company.

Friday's commentary on UK-AnaIyst.com

Friday, 10 July, 2009 2:59 PM

An extract from the diaries of infamous bear raider Evil Knievil

In the cold light of Tuesday morning I noted the production news from Xtract (XTR) in Turkey. Why the shares are still so subdued is very strange - other than on the very probable general explanation that the punters just lack courage. Turkey, now going straight into production and/or financing of expansion drilling, is worth 10p per share - and of course all the rest of Xtract is in for free. After hours yesterday it was announced that a non-exec of Xtract had bought 650,000 at 3.5p. So yet another buying opportunity presents itself for those who do not even have to sit through the tedium of board meetings.

Futher news out today,SP responding positively so far?
cyril

We've now hit 4p,if we can hold and the news is as suggested or better,then 6p could be on the horizon(can live in hope)?
cyril

What's the odds of hitting 6

Depends on whose bowling? lol
cyril

Do you think Xtract will hit 6 before any of the England batters will in the next test

http://www.stockopedia.co.uk/news/announcement/EEE/090324eee3766p.htm

Tescoma, you obviously havn't grasped the way that BB's work. This is the XTR thread. I have seen many ramps by you in the last few days, all of them for crap stocks and none on the right BB.

Looks like i posted on the old thread,todays RNS has resulted in XTR breaking through 4p, up over 20%.
cyril

Climbing nicely!

Western Canadian Coal Announces

Xtract Energy Operations Update




Vancouver, B.C. August 28, 2009 - Western Canadian Coal Corp (TSX: WTN, WTN.WT and WTN.DB and AIM: WTN) ('Western' or 'Company'), which owns a 45% interest in Xtract Energy Plc ('Xtract') (AIM: XTR), is pleased to announce an update on Xtract's oil and gas interests in Turkey.




Xtract has a 34% interest in Turkish joint venture Extrem Energy A.S. ('Extrem'). Extrem has now completed analysis on oil production test data from Sarikiz-2, together with other well, seismic and geochemical data to arrive at estimated recoverable oil from the field of 74 million barrels. As part of the field development plan, a three well production drilling program is due to commence in September and extend through to the end of December.




Furthermore, geochemical surveys over Extrem's Siraseki licence, located near the Syrian border, indicate the existence of a structure with the potential to recover 94 billion cubic feet of natural gas. Drilling in this licence area is expected to commence in early 2010.

The information disclosed by Extrem in relation to resource estimates has been provided using SPE standards and reviewed and approved by Ongun Yoldemir, Managing Director of Extrem Energy, who has a masters degree in geological engineering and over 28 years experience in the resource and energy sector.




About Xtract

Xtract identifies and invests in a diversified portfolio of early stage energy sector technologies. The portfolio of assets includes 34% interest in Extrem Energy AS, which is a joint venture with oil licences in Turkey; 35% interest in Elko Energy Inc, which has oil and gas licences in the Danish and dutch North Sea; 25% interest in Zhibek Resources Ltd, which has oil and gas interests in the Kyrgyz Republic; 70% interest in a joint venture Xtract Oil Morocco SA, which has the rights to explore and develop an oil shale deposit in Morocco; and 13% interest in Wasabi Energy Ltd, which is a diversified investor in traditional and renewable energy technologies. Further information can be found at www.xtractenergy.co.uk.




About Western

Western is a producer of high quality metallurgical and thermal coal from mines located in northeast British Columbia (Canada) and West Virginia (USA). The mines have the capacity to produce 7 million tonnes per year and have over 20 years of coal reserves. Western also owns a 50.6% interest Energybuild (EBG: AIM) which produces high quality anthracite and thermal coals in South Wales (UK). Other interests owned include a 45% interest in Xtract Energy (XTR: AIM), 20% interest in NEMI Northern Energy & Mining (NNE.A: TSX) and 100% of a small gold and antimony operation in Australia. The Company is headquartered in Vancouver, BC, Canada, and trades on the AIM and TSX stock exchanges under the symbol 'WTN'. More information can be found at www.westerncanadiancoal.com
cyril

From Xtracts's website:

September 03, 2009
Oilbarrell.com
Xtract Energy Increases Its Holding In Turkish JV As Test Results Put It On Track For First Oil In October

Having earlier this month sold off its remaining holding in loss-making gas-to-liquids outfit MEO, Xtract Energy is increasingly turning its attention to Turkish E&P Extrem Energy. This month AIM-listed Xtract upped its stake in Extrem to 34 per cent as successful drilling results put the joint venture company on track for first oil later this year.
Xtract made its initial investment in July 2008 when it put US$5 million in a new joint venture company with Turkeys Merty Energy. This gave Xtract an initial 20 per cent stake in the new company, Extrem, which had a portfolio of seven licence interests in Turkey. These included offshore licences at Candarli Bay and in the Sea of Marmara and onshore licences at Edirne and Siraseki plus an 80 per cent interest in an onshore licence at Alasehir/Sarakiz. The latter was a lower risk...

Xtract Energy Increases Its Holding In Turkish JV As Test Results Put It On Track For First Oil In October


Having earlier this month sold off its remaining holding in loss-making gas-to-liquids outfit MEO, Xtract Energy is increasingly turning its attention to Turkish E&P Extrem Energy. This month AIM-listed Xtract upped its stake in Extrem to 34 per cent as successful drilling results put the joint venture company on track for first oil later this year.
Xtract made its initial investment in July 2008 when it put US$5 million in a new joint venture company with Turkeys Merty Energy. This gave Xtract an initial 20 per cent stake in the new company, Extrem, which had a portfolio of seven licence interests in Turkey. These included offshore licences at Candarli Bay and in the Sea of Marmara and onshore licences at Edirne and Siraseki plus an 80 per cent interest in an onshore licence at Alasehir/Sarakiz. The latter was a lower risk project with the potential for near-term production and revenues, which could then be used to finance higher risk, higher impact exploration, such as a large offshore prospect in Candarli Bay.

Drilling work on the Alasehir/Sarakiz licence area got underway in Q4 2008, and the results have prompted Xtract to exercise its right to increase its equity in Extrem to 34 per cent. The Sarikiz-2 well logged 23 sandstone intervals with producible oil, of which 12 levels with a combined reservoir thickness of 75 metres were selected for production testing. The well was production tested this summer and the results indicate a well capable of delivering 690 barrels per day from the tested zones and a potential 450 bpd from the untested zones (not all levels can be produced at once due to production techniques). Four levels have been selected for initial production at a rate of 350 bpd, with first oil due in October following completion of surface facilities.

The success of these drilling results has boosted the reserves estimates on the former state-owned field, which is now reckoned to have a P50 oil-in-place number of 371 mllion barrels (a sharp increase on the 190 million barrel estimate released in April 2009), with a P50 recoverable number of 74 million barrels (based on a conservative 20 per cent recovery rate).

The company has now devised a forward work programme to chase down more of these barrels, including the re-entry of the Alasehir-1 well, re-entry of the East Sarikiz-1 well and drilling of a new well, Sarikiz-3. This should keep the company through September to the end of the year, by which point it hopes to have two wells in commercial production.

Extrem is also looking at the potential elsewhere in its portfolio. Seismic work has been completed on the Edirne licence in the Thrace Basin, a gas-prone area of western Turkey, and a geochemical survey got underway in August. The company hopes to drill here in 2010 and is hopeful that any discoveries could be quickly brought into production given the proximity to existing downstream infrastructure. There has also been a geochemical study on the Siraseki licence near the Syrian border, home to the 94 bcf Menekselik prospect, which is a candidate for drilling in early 2010. Work on the offshore licences is still at the planning stage.

This certainly makes for an interesting E&P start-up investment for AIM-quoted Xtract, which in little over a year from in its initial investment is set to see revenues start flowing from the Alasehir/Sarakiz licence. This will make Extrem a solid performer in the investment portfolio, providing a bedrock of production and cashflow against which to measure Xtracts other early stage investments, which include geothermal energy projects in Australia, oil shale resources in Morocco and exploration companies like Elko Energy in Denmark and Zhibek Resources in the Kyrgyz Republic.

14 September 2009

AIM: XTR

XTRACT ENERGY PLC
("Xtract" or the "Company")

Investment update - Wasabi Energy Limited

Xtract Energy Plc ("Xtract") wishes to announce that on 10 September
2009 it sold 126,551,786 ordinary shares in Wasabi Energy Limited
("Wasabi") for an aggregate consideration of A$1,392,070. As a result
of the transaction, Xtract is no longer a substantial holder in
Wasabi, with a remaining holding of approximately 2.9% of the issued
ordinary shares of that company.

Commenting on the disposal, Chief Executive of Xtract, Andy Morrison
said, "The disposal of the major part of our position in Wasabi is
consistent with Xtract's recent policy of increasing focus on its oil
and gas assets to build a portfolio with near term production
combined with significant longer term potential".

Their money is evidently heading for Turkey. From their 27 August 2009 RNS further drilling is due to commence this month:

As previously announced, the Sarikiz-2 well has been shut in as a
future production well, with commercial production expected to
commence in October, once the construction of the necessary surface
facilities has been completed.

Following the successful production test, the new well data has been
analysed together with seismic data, logs from the former East
Sarikiz-1 well and GORE geochemical analysis over the licence area.
On the basis of this analysis, the estimated (P50) total oil in place
within the greater Sarikiz structures has been revised upwards to 371
mbbl ("Development pending - Contingent resources" according to SPE
classification). Using a 20% recovery factor (the more conservative
end of the previously announced range), the total recoverable oil in
the Sarikiz field is now estimated (P50) to be 74 mbbl.

In addition to the re-entry of East Sarikiz-1 which was already
announced, analysis of seismic and well logs at the former Alasehir-1
well in the same licence area have also indicated the presence of
commercial oil. It has therefore been decided to re-enter this well
in order to establish production from the Alasehir field. The forward
production drilling programme is now expected to be as follows:

1) Alasehir-1 (re-entry)
2) East Sarikiz-1 (re-entry)
3) Sarikiz-3 (new well)

Upon mobilization of the required drilling equipment the above
programme is expected to commence in early September and continue
through to the end of December 2009.

An estimate of the total oil in place on the Alasehir field will be
made following the production test. Figures for Alasehir will be in
addition to the above estimates.

Formal field development plans and reserve categorisation will be
finalized once commercial production has been established. Production
performance from the initial wells will be analysed to determine the
optimal well configuration to drain the structures over a reasonable
field life of 20-25 years.

Does this still hold true:

Evil Knievel himself has bought into XTR and sees a XTR SP of 10p as realistic, compared to the current 3.175p. Certainly there is a lot of upward scope in the XTR SP.

From another BB:

Worth looking at City Natural Resources High Yield Trust (CYN) who have EXT and KAH as top 2 holdings and runs at a decent discount to NAV. Also some other goodies in there.

1. Extract Resources 6.2
2. Kalahari Minerals 4.9
3. Goldcorp 4.9
4. New Britain Palm Oil 2.9
5. Kiwara 2.7
6. Nido Petroleum 2.7
7. REA Ordinary and 9.5% Pref 2.7
8. Randgold Resources 2.0
9. FMG Finance 9.75% 2013 1.7
10. Pike River Coal 1.7
Top 10 holdings represent 32.4%

Xtract update on Turkish joint venture
Business Financial Newswire
Xtract Energy says that drilling is going ahead at its Turkish joint venture Extrem Energy in connection with the re-entry and completion of the Alasehir-1 well on the Alasehir licence area.

If commercial oil flow rates are confirmed, Extrem Energy intends to combine production with that planned from Sarikiz-2 well, using the surface facilities that are being prepared at that site.

The Sarikiz-2 site is expected to become the hub for development of both the Alasehir and Sarikiz oil fields. The total duration of production testing and well completion is estimated to be 30 days.

21 September 2009

AIM: XTR

XTRACT ENERGY PLC
("Xtract" or the "Company")

Investment Update - Extrem Energy


Xtract Energy Plc ("Xtract") is pleased to provide the following
update on operations at its Turkish joint venture Extrem Energy A.S.
("Extrem Energy") in connection with the re-entry and completion of
the Alasehir-1 well on the Alasehir licence area.

The required drilling equipment mentioned in the announcement dated
27 August 2009 was received and the rig was mobilised to the well
site, arriving on station on 17 September. The well was re-entered on
19 September. During operations, flammable gas from the perforation
intervals made during former operations in 1999 was observed and
burned at the surface. Today, it is planned that those zones will be
sealed by a bridge plug. After their isolation CBL-VDL logging will
be undertaken to check the integrity of the pre-existing casing and
the cement bond. Depending on the results of the logs, some minor
repairs to the casing will be carried out. Once this is complete,
perforation and flow testing will commence.

According to the work programme, five intervals have been selected
for testing ranging in depth from 1573m to 1802m. If commercial oil
flow rates are confirmed, Extrem Energy intends to combine production
with that planned from Sarikiz-2 well, using the surface facilities
that are being prepared at that site. The Sarikiz-2 site is expected
to become the hub for development of both the Alasehir and Sarikiz
oil fields. The total duration of production testing and well
completion is estimated to be 30 days.

An estimate of the total oil in place in the Alasehir field will be
made following the production test.

Might take a little time to start motoring as 30 days before news update?
cyril

Some solid buying taking place!

Yes some interest,with news imminent Ttraders taking position probably.lookimg +5p min myself?
cyril

XTR trying a breakout? Production news imminent??
cyril

Seller back in town,never mind managed to get some more at a knock down price? "hopefully"
cyril

http://www.investegate.co.uk/Article.aspx?id=200911160700085288C
cyril

From the "UPS" thread ............
XTR 2.40p
Reason: Buying is returning today after a large retracement. Able to buy just below middle price with a very positive Level 2 of 4 v 1

Chart and Indicators

from Proactive Investors:

Tuesday, December 01, 2009
Xtract Energy says Sakiriz-3 drilling to start before end of December -- by Sergei Balashov

Energy investor Xtract Energy PLC (AIM: XTR) says its 34% owned JV (joint venture) Extrem Energy is nearing production from the Sarikiz-2 well, while preparation for the drilling of Sarikiz-3 is almost complete with a spud date expected before the end of December.

The necessary logistical, permitting and commercial arrangements for production at Sarikiz-2 are complete after the conclusion of a work-over sequence with Extrem expecting to install a heating system within the next few days to enable natural flow to be established.

The company has temporary delivery arrangements with the Izmir refinery, which will receive early production from Sarikiz-2, based on natural flow until the end of Q1 2010, when full pumped volumes expected to be produced and delivered.

Preparation for the drilling of the Sarikiz-3 well, located 525 metres east of Sarikiz-2, is ongoing with a spud date expected to occur before the end of December. The well will be drilled to a total depth of 1,950 metres, targeting the Alasehir sandstones with the recoverable oil in place estimate at 5.75 mbbl (million barrels) based on an assumed 20% recovery factor.

The well cost is expected to be at about US$3.5 million and the drilling programme is planned on the basis of 45 days.

Each milestone passed is a first time for the company. The previous disappointment at Alasehir-1 reminded us not to take anything for granted in the oil exploration business, but investment prospects continue to look attractive at Alasehir and across the Extrem portfolio, said Chief Executive of Xtract Andy Morrison.

Extrem had to suspend testing work on the Alasehir-1 well early last month after encountering worse than expected conditions and eventually decided to drill a new well Sarikiz-3 on the Sarikiz part of the field instead of re-entering East Sarikiz-1, enabling the drilling rig to catch up time lost at Alasehir-1. The company is currently evaluating the possibility of undertaking a 3D seismic survey over the license area.


Shares in Xtract rallied 13% on the news this morning.


Extrem Energy is Xtracts exploration and production joint venture with Merty Energy of Turkey. Extrem Energy has a portfolio of licence interests including the high potential prospect at Candarli Bay in south-west Turkey. Xtract owns a 34% stake in Extrem, which holds 80% of the Alasehir license.

Xtract also owns 36.8 percent of Elko Energy Inc, a Canadian registered oil & gas exploration company which has interests in exploration and production licences in the Danish and Dutch North Sea. Its major asset is in the Danish North Sea: an 80 percent interest on 26 offshore blocks in a 5,400 square kilometres exploration and production licence close to the prolific Central Graben oil field. Elko also holds a 60 percent operating interest in gas-bearing license blocks P1 and P2 in the Dutch North Sea.

Zhibek Resources, 25 percent owned by Xtract, is an oil and gas exploration and production company with a 72 percent interest in the Tash Kumyr and Pishkoran exploration licences in the Kyrgyz Republic.

Xtract's wholly owned subsidiary Xtract Oil Ltd is focused on the development of the company's oil shale resources in Australia and the technology for oil extraction from oil shale resources. Xtract has oil shale exploration rights over mining tenement in the Julia Creek area of Queensland. In addition to evaluating third party technologies, XOL has been developing proprietary technology for the commercial extraction of liquid hydrocarbon products from oil shale.

Finally, Xtract Energy (Oil Shale) Morocco SA is a 70/30 joint venture with Alraed Ltd Investment Holding Company WLL, a company controlled by Prince Bandar Bin Mohammed Bin Abdulrahman Al-Saud of Saudi Arabia. XOSM has signed a Memorandum of Understanding with the Moroccan oil and mining ministry regatrding the evaluation and possible development of an oil shale deposit near Tarfaya.

The reasom for to rise.y has agreed to buy Oakville Capital's 13.2% stake in Elko Energy for $1.34m cash plus one new Xtract share for every Elko share.

The early-stage oil and gas investor's CEO, Andy Morrison, said, 'This further acquisition of Elko shares represents another step in the transformation of the company from a passive investor into one with more active involvement with its underlying assets.'

Following completion, Xtract's holding in Elko will be about 50.02%.
cyril

Patience rewarded once again,this has become a good long term investment and still time. aimho

XTRACT ENERGY PLC

Drilling update - Extrem Energy

Further to its announcement dated 2 March 2010, Xtract Energy Plc ("Xtract" or
"the Company") is pleased to provide the following update on the drilling
operations of its Turkish business, Extrem Energy AS ("Extrem Energy") in the
Alasehir licence area.

Drilling Update - Sarikiz-3

The Sarikiz-3 exploration well reached a total depth of 2,027m on 16 March
2010. Wire-line logging was completed on 20 March and 7" casing was completed
and cemented today, in preparation for cased-hole production tests.

During drilling, oil shows were recorded in the mud-logs at a number of
sandstone intervals in the depth range 1,340-1,970m and preliminary analysis of
the wire-line logs provides further indications of hydrocarbons at several
levels. Well pressures and other indicators are comparable with those
experienced previously at Sarikiz-2. Further analysis of the logs and other data
is planned for today and tomorrow in order to prepare the work-plan for
cased-hole production tests.

In view of the encouraging results from Sarikiz-3, Extrem Energy has decided to
keep the drilling rig on station there for the production test. Although this
will slightly delay the installation of the down-hole pump at Sarikiz-2, it will
save the time and cost of additional rig mobilizations.

Based on a 2 square km area and an assumed net productive pay thickness of 20m,
Extrem Energy's preliminary pre-drill P50 estimate of the recoverable oil in
place from the Sarikiz-3 well was 5.75mbbl, based on an assumed 20% recovery
factor. It is too early to make any updated projections.

Further updates will be provided as appropriate.

The information above relating to resource estimates has been provided using the
SPE standards and includes the following terms: "mbbl" (million barrels); "P50"
(mid-case scenario in relation to reserve expectations).

The above information has been reviewed and approved by Ongun Yoldemir, Managing
Director of Extrem Energy, who has a masters degree in geological engineering
and worked as an explorationist in the oil and gas sector in the Middle East,
Kazakhstan, Azerbaijan, and North Sea, has over 28 years' experience in the
resource and energy sector and is a member of the American Association of
Petroleum Geologists, European Association of Geologists and Engineers, the
Society of Exploration Geophysicists and several related Turkish institutions.

Xtract holds 50% of the equity of Extrem Energy through a wholly-owned
subsidiary.

Enquiries please contact:


Xtract Energy Andy Morrison, CEO +44 (0)20 3205 1148


Smith & Williamson David Jones +44 (0)20 7131 4000
Corporate Finance Azhic Basirov
Barrie Newton
About Xtract
Energy

Xtract identifies and invests in a diversified portfolio of early stage energy
sector technologies and businesses with significant growth potential. The
Company aims to work closely with the associated management teams to achieve
critical project milestones, to finance later development stages, and to build
and crystallise value for all shareholders and partners.

For further information on Xtract please visit www.xtractenergy.co.uk
< http://www.xtractenergy.co.uk/>

A short description of the principal assets of Xtract is set out below. These
assets are either held directly or through wholly owned subsidiaries of the
Company.

Extrem Energy AS ("Extrem Energy")

Extrem Energy is an exploration and production joint venture with Merty Energy
of Turkey. The JV's aim is to create a new medium-sized oil and gas exploration
and production business, initially focused on Turkey where Merty Energy has
particular experience and expertise. Extrem Energy has a portfolio of licence
interests including the high potential prospect at Candarli Bay in south-west
Turkey. Xtract owns 50% of the issued share capital of Extrem Energy.

Elko Energy Inc. ("Elko")

Elko is a Canadian registered oil & gas exploration company which has interests
in exploration and production licences in the Danish and Dutch North Sea. Its
major asset is in the Danish North Sea; an 80% interest on 26 offshore blocks in
a 5,400 sq km exploration and production licence close to the prolific Central
Graben oil field. Technical work indicates the potential for significant
reserves. Elko also holds a 60% operating interest in gas-bearing license blocks
P1 and P2 in the Dutch North Sea. Xtract owns approximately 50.0% of Elko's
issued share capital.

Zhibek Resources Ltd ("Zhibek Resources")

Zhibek Resources is an oil and gas exploration and production company which has
a 72% interest in the Tash Kumyr exploration licence in the Kyrgyz Republic.
Xtract has entered a farm-out agreement to fund a seismic and drilling programme
for 2008-10. Xtract owns 25.0% of the issued share capital of Zhibek Resources.

Xtract Oil Ltd ("XOL")

Xtract's wholly owned subsidiary, XOL, is focused on the development of the
Company's oil shale resources in Australia and the technology for oil extraction
from oil shale resources. Xtract has oil shale exploration rights over mining
tenements in the Julia Creek area of Queensland. In addition to evaluating third
party technologies, XOL has been developing proprietary technology for the
commercial extraction of liquid hydrocarbon products from oil shale.

Xtract Energy (Oil Shale) Morocco SA ("XOSM")

XOSM is a joint venture with Alraed Limited Investment Holding Company WLL, a
company controlled by His Highness, Prince Bandar Bin Mohd. Bin Abdulrahman
Al-Saud of Saudi Arabia. XOSM has signed a Memorandum of Understanding with the
Office National des Hydrocarbures et des Mines for the purposes of evaluation
and possible development of an oil shale deposit near Tarfaya, in the south west
part of Morocco. Xtract currently holds 70% of the joint venture.

cyril

This is a FREE EVENT
=================

The directors of Xtract Energy (AIM: XTR), Nighthawk Energy (AIM: HAWK), Lydian International (TSX: LYD) and Gulfsands Petroleum (AIM: GPX) will be presenting:

Wednesday the 2nd June 2010,
Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB

The presentations will start at 6:00pm and finish at approx 8:00pm. After the presentations are complete the directors will also be available to take questions during a free canapand wine reception.

This event is suitable for the following:
Sophisticated & private investors, private client brokers, fund managers, financial institutions, hedge funds, buy & sell side analysts and journalists.

FREE registration : http://www.proactiveinvestors.co.uk/register/event_details/80

This is a superb lineup of exciting AIM listed oil companies, offering attendees the opportunity to meet the CEOs and chat informally after the official presentations over drinks and canap.

The location is a short walk from either Green Park or Bond Street tube stations.

Early applications are strongly advised, as this event is expected to reach capacity prior to the event due to high interest in the presenting companies.

XTR in Manchester 3/6/10!

On the move???

Rodders

From T1ps this week (EK):
"Xtract (XTR) advanced on Friday and again today. At the back of my mind is the dream of a vast multiple of this current price, 2.5p say. But, more immediately, Western Coal has now been taken over and Walter, the new owner of Western Coal and thus 40% of Xtract, may not yet have realised the gem hidden within a rather larger company."

A 40% uplift in one day - what's going on?!

been hanging on to these for years, about time they did something....lol

December 29th 2010
Evil discusses Kylie Minogue, Xtract Energy

If I start with Xtract Energy (XTR), some will then go yawn yawn on the grounds that we have had Xtract before. But, however I look at Xtract, it is a really stonking bet for the patient and insouciant. The reason is that the key long term asset, Julia Creek, really is worth 10+ a share if it comes off - even if it takes years and years to come to fruition. It is here worth noting that Julia Creek may well go nowhere in 2011 and that it is therefore improper to exclude Xtract from any naps list for 2011. But I take the view that sooner or later, Walter, having taken control of Western Coal, are bound to develop Xtract. It is purely a matter of time. Therefore it is far too risky to stay out of Xtract. Further, there is virtually no chance of Xtract proving badly managed or underfinanced. I am confident that others will press Walter to deliver in 2011.

Xtract may be one of those pretty common natural resources stocks whose prices have to fall off a cliff before recovery, when the 'real money' is made on them. If people think that the prices of these stocks, where they succeed, don't have massive knock-backs, they haven't looked at the 5-year charts. Xtract was 10p back in 2006.

XTR underperformed in 2010 because of the problem with the Sarikiz oilfield in Turkey. This oilfield is geologically complex, with various layers in it that contain water. It seems hard for the seismic to get to grips with this Western Turkey geology; it certainly tripped the company up. But it does not mean that the acreage is worthless. Besides, there are several other targets in the Turkey portfolio. These really need some clear heads and some good geologists and, as ever in exploration, good luck.

The oilshale assets in Julia Creek in Queensland and also in Morocco, albeit with no numbers as yet, are potentially worth a fortune. There is probably some 3 billion recoverable barrels of oil. This is not idle speculation. For Julia Creek has been surveyed. At an oil price approaching $100 a barrel, this could be three hundred billion dollars worth of oil. It needs mining, and processing, which is not cheap and, as matters stand must entail Xtract being heavily diluted. But even so, using the estimated production cost of about $35- $40 a barrel or thereabouts, the net of all costs profit is in the range 100 to 200 billion dollars. Kindly contrast this with Xtract's current capitalisation of 30m, given shares in issue of 850m standing at 3.5p offer.

Any "normal" company with such an asset would shout it from the rooftops. But Xtract plays it down. They now say it will be 10 to 20 years to do something with the asset. It is simply not necessary to run this business with so deferred an outlook. Sooner or later - and maybe sooner - someone in the mining game is going to get serious about Julia Creek.

As for the 51% stake in Elko Energy, this is potentially a blockbuster. The company described its potential at the AGM last week as "ultratransformational". It all turns on whether the oil has migrated from the source rocks some 50km away to the big offshore Danish structures seen on the seismic. This is a long way but oil can migrate further. If it has made it to those structures, and the reservoir rocks are good and there is a seal to hold the oil in, it could be of huge importance. Forget the Falklands. We are here talking truly mega bucks.

I think that, with the right awareness in the market about the Elko acreage, the Desire/FOGL/Rockhopper investors could decide to jump on board Xtract. If that were to happen, there would a buying and trading frenzy ahead of drilling - admittedly this is some way off.

This is not a straightforward investment. It probably has the greatest upside of just about any stock one could find. 3p could go to 30p. And 30p could go to 3. And 3 would be cheap if the Julia Creek and Elko assets are as good as they might be.

My position on Xtract is that it's daft to have none. But it's equally daft to have too many since, if it comes good, you don't need too many to make a fortune. I own 5m.

On the bounce after a good retracement. Level 2 very positive at the moment with 5 v 1
PRICE 3.45p spread 3.30 / 3.60p

A sudden movement up late this afternoon with volume

Expectations of the Danish licence being awarded and then ...
Buy Xtract Energy (XTR) at 3.3p - tipped in whatshot.com

I tipped lots of resource stocks in 2010, for which I make no apologies - the returns we have enjoyed speak for themselves. However, I am conscious that resources stocks may not be to everyone's taste, and prudence dictates that you should not put all your eggs in one basket (or sector). It is with that caveat that I begin my 2011 tipping year with yet another resources tip. Xtract Energy (XTR) is simply a story too good for a site such as WatsHot to miss out on. The company has several company-making projects, of which only one would have to come into play during 2011 to send these shares to the Moon. The shares are a speculative buy, at 3.3p.

Oil

As you are probably all aware, I am an oil bull, as per my comment in a recent weekend editorial:

"Latent factors underpinning a steadily increasing oil price are spearheaded by the fact that the OECD now accounts for under half of global oil consumption, meaning that the faster growing emerging economies are now in the driving seat. This is a hugely important development considering that Chinese oil demand is growing at a rate of 7.5% per year - fully seven times faster than the United States! Over the short-term supply will be constrained by the fact the OPEC won't increase production until it meets in six months. The potential for a new war in the Middle East compounds the situation even further. We should also not forget that higher oil prices are completely necessary in the long term to facilitate new exploration and development that would otherwise not be commercially viable."

Barring some unforeseen economic disaster or a slip back into recession, I cannot see how oil can go anywhere but up in the current climate. Indeed, the stage may be set for an almighty spike as global competition for scarce resources heats up in the next few years. A higher oil price would also be conducive to the development of certain of Xtract's assets, but more on those later. First up is the jewel in the crown...

Elko Energy (Xtract: 50.02%)

Xtract is certainly not given to blowing its own trumpet, so the fact that it described the potential of Elko as "ultratransformational" should be taken seriously. The firm's Danish acreage - the largest offshore exploration licence in Denmark - contains a substantial number of high risk leads (hydrocarbon presence risk ranges from 1.2% to 8.6%), which could be charged by either oil or gas. The licence area offers P50 un-risked net prospective resources of 1.8 billion barrels oil or 8.4 Tcf of gas (independently evaluated by Tracs International in May 2008). Elko owns 80% of the licence with 20% held by a Danish government entity. Whilst this is a high-risk play which will be pretty capital intensive, the upside is potentially huge. The company is currently on the lookout for farm-in partners, but another option would be to seek a stockmarket listing, which was aborted in 2007 due to market conditions. Indeed, I note that at the time of the results it was revealed a "business review is in progress involving the independent directors of Xtract and Elko in which the two companies have agreed to form a joint task force to identify the strategic options open to both companies. The end goal is to unlock the optimum value for all shareholders in both companies." Either development would help the market put a value on what is clearly a highly prospective asset. We should also shortly be hearing news of whether or not the company has been successful in its application for an adjoining licence area.

In the Netherlands, Elko holds a 60% operating interest in gas-bearing Blocks P1 and P2, where seismic reprocessing and remapping has improved seismic definition and revealed several large undrilled structures in the eastern part of Block P2. As with the Danish assets, resources have been independently verified - an independent engineering report was prepared by TRACS International during 2008 on the hydrocarbon resources contained within the P1 and P2 Blocks. The report estimated hydrocarbon gas in place at over 250 bcf (billion cubic feet) within the Slochteren sandstone with additional prospects identified which could contain a further 500 bcf. In September the firm signed a deal with Chevron Exploration and Production Netherlands B.V. whereby Elko will receive an overriding royalty up to 5% of the sales value from Chevron equity gas delivered into the Dutch National Transmission System and Chevron equity condensate delivered onshore. The choice of partner speaks volumes as supermajors like Chevron don't bother developing things willy nilly; they are only interested in stuff that can provide them with material upside. The deal offers Elko a cheap way of extracting upside from an asset that will no doubt prove very capital intensive to develop. Chevron anticipates drilling the first well some time this year.

Julia Creek, Queensland (Xtract: 100%)

Next up is the firm's oil shale assets, starting with julia Creek in Queensland, Australia. Whilst Julia Creek is potentially even more valuable than the firm's Elko stake, I place in second in terms of importance given that it could very well provide zero newsflow in 2011. Using the JORC standard, total indicated and inferred resources in place are 2.12 billion bbls but that number could very well increase with further work. However, in August 2008, the Queensland Premier announced a 20-year moratorium on a proposed oil shale development in the Whitsunday coastal region, and a 2-year review period for oil shale developments throughout the state during which no new mining activity would be permitted. Although Xtract's mineral rights were not affected, the review nevertheless creates uncertainty over the future of oil shale in the region. Nevertheless, Xtract is sitting on what, at $100 per barrel oil, could be as much as $300 billion worth of oil. Even given extraction costs at the higher end of estimates at $40 per barrel, net profit over the life of the project would still be north of $100 billion. Xtract has talked this asset down now for some time now, saying it could take 10 to 20 years for something to happen.

Extrem Energy (Xtract: 50%)

Xtract's Turkish joint venture (with Merty Energy) was responsible for much of the share price setback in 2010. However, WatsHot shareholders know from oil plays such as Tower Resources (TRP) that the market can become too fixated on the importance of one asset within a portfolio, only to ignore the potential of other potentially more interesting ones. In Xtract's case, the ill-fated Sarakiz-3 well was intended to access 5.75 million barrels of P50 reserves came up against difficult geology before turning out to be a duster. However, this is by no means the end of the world as far as Extrem is concerned; there are plenty of other targets in the Turkey portfolio, some of which offer much more exciting potential than Sarakiz-3. Of particular note is Candarli Bay in the Aegean Sea, where the company needs to spud a well before April 2011. It has hired IndigoPool, part of the Schlumberger group, to help the company find farm-in partners for the project, which could target a prospective in-place oil resource of up to 780 million barrels according to initial estimates.

Conclusion

Whilst Xtract has several other concerns in its portfolio, I do not consider them as material in comparison to those listed above. So the overall picture is as follows. Xtract has a portfolio of potentially very valuable oil and gas investments - any one of which could be enough to send the shares materially higher were it to come into play. There is now reason to believe that Xtract's slow-burning nature could change given that its biggest shareholder (through the recent acquisition of Western Coal) is now Walter Energy, a player with the financial muscle to get a project such as Julia Creek into development. Even assuming a 95% discount for potential dilution, that's still $5 billion net profit to Xtract over the lifetime of the project - or 100 times the current market cap of c.30 million. Whether or not Julia Creek comes into play, investors can look forward to some action from the firm's Turkish and Danish assets, both of which have blue-sky potential. Given the right newsflow, 2011 just might prove to be the year when the market realises Xtract's 30 million market cap is a joke. I wouldn't want WatsHot subscribers to miss out on that. Speculative buy, at 3.3p.

thanks mrsi hope it comes good.

Elko Energy has 33% and is part of XTR, announced not long ago ......

Noreco awarded new license in Denmark Stavanger, 1 February 2011:
Norwegian Energy Company ASA (Noreco) is pleased to announce that the 02/05 license group in Denmark has been awarded a new license 1/11, immediately to the west of the original 2/05 license area. Noreco is the operator and has a 47 percent interest in both licenses.

The license period is for six years and comes with a commitment to drill an exploration well within two years. The partners have already selected the specific well location and intend to drill the well in 2011. The well will be known as Luna.

The other partners in the license are Elko Energy with 33 percent and the Danish North Sea Fund with 20 percent.

RNS Number : 1088B

Xtract Energy plc

11 February 2011

AIM: XTR

XTRACT ENERGY PLC

("Xtract" or the "Company")

Exercise of warrants and TVR

Xtract Energy plc announces that today, following an exercise of warrants at an exercise price of 2.5p, 20,000,000 ordinary shares of 0.1p each (the "New Ordinary Shares") have been issued in the Company.

Application has been made for admission of the New Ordinary Shares, which will rank pari passu with existing ordinary shares, to trading on the AIM market. Admission is expected to occur on 17 February 2011.

There are no further outstanding warrants in the Company.

Following admission of the New Ordinary Shares, Xtract will have 914,965 026 ordinary shares in issue and each share has the right to one vote. Therefore for the purposes of the FSA Disclosure and Transparency Rules the total number of voting rights in the Company is 914,965,026.

The above figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify the Company of their interests in, or change to their interests in, Xtract Energy plc under the FSA's Disclosure and Transparency Rules.

Large top up today. Giving the company away. Taken a large position late today.

is it ever going above 4p and staying there??

Going to be the share of 2011

you sound like gibby.....all we need is a kkkkeeeeerrrrrrrrching.,.

Being serious it did fall hard today. As long as it does the reverse, it does look good
in the next few months.

Seen on another site, they are suggesting a large buyer in the back ground, bring it on.

The company has circ 914 million shares of which 3,697,459 were traded today.
The share price drops 8.45% someone is having a laugh. Am I missing something ?

Does anyone still own this stock.

unfortunately yes....my own fault we had a brief moment not long ago when sp was above 4p could have gone out with small profit but didn't.,.

This stock is going to be long term. How long, I can't tell you.

Some large purchases today, selling also. I think people are just starting to take notice of this share.

I've topped up, (or averaged down!) this week as this is the only share of mine at the moment dragging me down...i predict a turn...lol, well it must do soon im not a long term holder of any share and this is testing the boundaries

I feel the same, you get to a point and wonder should you stop topping up. Mine average 3.65.

why do we seem to so often sell the good un's and hold onto,or even buy more of the bad un's? maybe the profitable good un's have to help us pay for refusing to sell the bad un's and maybe even buying more of them.
that is predicting a bottom.
why not just buy some more goodun's? or do we need the sale proceeds to help us buy some more of the others? sort of throwing good money after bad, as they say.
it must be human nature.
good luck to you all
regards
jkd

917,000 buy at 16.30 hrs someone has faith. Lets have a blue day tomorrow.

Looking at todays buy/sell. Like for the last 3+ trading days, How are there no
buys.
Odd?

+21%, 1 more day like this and I will be back square

Would be nice to see this back in the 4's

Any reason for the near 23% rise other then being over sold.

Looks like the company is being noticed at long last. Next few months should be very interesting. Gl to all holders.

Looks like the company is being noticed at long last. Next few months should be very interesting. Gl to all holders.

HomeAbout us ActivitiesNews/MediaInvestorsContact usCompany ProfileCompany HistoryOur StrategyBoard ProfileGroup StructureCorporate ResponsibilityCorporate GovernanceAIM Rule 26About usCompany History
Established in October 2004 as then Resmex Plc
Shares admitted to trading on London Stock Exchange Alternative Investment Market (AIM) at the end of March 2005
In August 2005, acquired Sermines de Mexico S.A. de C.V., which owns mineral exploration and development rights in three concessions in the California-Sonora Gold Belt in Mexico.
Completed the acquisition of entire issued share capital of Xtract Oil Ltd in February 2006, thereby establishing its position in oil shale development in Australia
Company name changed to the current Xtract Energy Plc in May 2006
In August 2006 Cambrian Mining Plc acquired further shares in Xtract, taking its holding to over 50%
In October 2006, Xtract purchased 19.5% of Wasabi Energy Ltd, 18.6% of Aviva Corporation Ltd and 28.2% of Cambrian Oil & Gas Plc from Cambrian Mining Plc, thereby establishing a diversified energy portfolio
In November 2006, placed approximately 110 million new shares, raising 5.5 million in cash for project development
By April 2007, Xtract had acquired 100% of Cambrian Oil & Gas Plc through purchase of the remaining interests from Cambrian Mining Plc followed by a scheme of arrangement. Cambrian Oil & Gas Plc (now Xtract International Ltd) held interests in MEO Australia Ltd, Elko Energy Inc and in Kyrgystan, Central Asia.
Andy Morrison appointed as Chief Executive in July 2007, succeeding John Newton who became Executive Chairman
Holdings consolidated in August 2007 through sale of Xtracts interests in Aviva Corporation to Wasabi Energy Ltd in exchange for new shares and warrants in Wasabi
Disposal by Xtract of 17 million shares in MEO Australia Ltd during November 2007 raising 8.5 million for investment and working capital.
Completion of a US$6 million follow-on investment in Elko Energy Inc, increasing Xtracts holding to approximately 35.2% of Elkos total issued capital as at December 2007
Mark Nichols joined the board as UK-based independent non-executive director in January 2008
In March 2008, two new gas discoveries declared from a two-well exploration and appraisal drilling programme conducted by MEO Australia in the Australian Timor Sea
Together with local partner Merty Energy, created a new Turkish Joint Stock Company, Extrem Energy A.S. in September 2008 to exploit a portfolio of seven license interests in Turkey. Xtract invested US$5m to fund the initial work programme in exchange for a 20% interest.
In September 2008, created an oil shale joint venture in Morocco with a company controlled by His Highness, Prince Bandar Bin Mohd. Bin Abdulrahman Al-Saud of Saudi Arabia.
Disposed of 75% of former subsidiary Zhibek Resources Ltd to Santos Holdings of Australia in October 2008 under a farm-out subscription agreement. Terminated other activities in Kyrgyzstan.
In December 2008, following the announcement of restrictions on development of oil shale projects by the Queensland Government, Xtract scaled back its investment in the development of oil shale technology.
Oil discovery made at Sarikiz-2 well drilled on Alasehir license area by Extrem Energy in December 2008. Increased holdings in Extrem Energy A.S. to 34% in August 2009 through the take-up of an option to invest a further US$3.5m into the venture.
Completed exit from MEO Australia in August 2009, delivering a total return of 124% on Xtracts original investment and providing funds to develop the business in Turkey.
Completed exit from Wasabi Energy Ltd in September 2009, thereby simplifying the holding structure and focusing the Xtract business on its oil and gas assets, including oil shale.
Increased holding in Elko Energy to approximately 50% in January 2010.
In June 2010, a farm in agreement between Elko and Altinex Oil Denmark A/S (Altinex) was announced whereby Altinex will become operator with 47% working interest. Elko will retain 33%. Altinex is part of the Noreco group. Elko will receive $1m cash at completion for its share of past costs.
Peter Moir appointed as Chief Executive in July 2010.
In September 2010, an agreement was announced to sell Elkos interests in Blocks P1 and P2 to Chevron for an overriding royalty over future production and cash of EUR 4.3m for past costs.
Elko completed the sale of its interests in Blocks P1 and P2 to Chevron in December 2010.
In February 2011, License 01/11 offshore Denmark was awarded. Elko has a 33% interest in the license which is immediately to the west of the original 02/05 License.

Activities homeElko EnergyExtrem EnergyZhibek ResourcesOil ShaleActivitiesActivities Overview
The principal assets of Xtract are its holdings in Elko Energy Inc, Extrem Energy A.S., Zhibek Resources Ltd and Oil Shale deposits in Queensland, Australia.

Elko Energy Inc. ('Elko')

Elko is a Canadian registered oil & gas exploration company which has interests in exploration and production in the Danish and Dutch North Sea. Its major asset in the Danish North Sea is a 33% working interest in exploration and production license 02/05 and the adjoining exploration and production license 01/11, close to the prolific Central Graben oil kitchen. Technical work indicates the potential for significant resources on these combined licenses. Elko also holds a royalty interest in gas-bearing license blocks P1 and P2 in the Dutch North Sea. Xtract owns approximately 50% of Elko's issued share capital.

Extrem Energy AS ('Extrem Energy')

Extrem Energy is an exploration and production joint venture with Merty Energy of Turkey. The JV's aim is to create a new medium-sized oil and gas exploration and production business, initially focused on Turkey where Merty Energy has particular experience and expertise. Extrem Energy has a portfolio of license interests onshore and offshore Turkey. Xtract owns 50% of the issued share capital of Extrem Energy.

Zhibek Resources Ltd ('Zhibek Resources')

Zhibek Resources is an oil and gas exploration and production company which has a 72% interest in the Tash Kumyr exploration licenses in the Kyrgyz Republic. Xtract has entered a farm-out agreement to fund a seismic and drilling program for 2008 - 2011. Xtract owns 25.0% of the issued share capital of Zhibek Resources.

Xtract Oil Ltd ('XOL')

Xtract's wholly owned subsidiary, XOL, is focused on the development of the Company's oil shale resources in Australia and the technology for oil extraction from oil shale resources. Xtract has oil shale exploration rights over mining tenements in the Julia Creek area of Queensland. In addition to evaluating third party technologies, XOL has been developing proprietary technology for the commercial extraction of liquid hydrocarbon products from oil shale.

Xtract Energy (Oil Shale) Morocco SA ('XOSM')

XOSM is a joint venture with Alraed Limited Investment Holding Company WLL, a company controlled by His Highness, Prince Bandar Bin Mohd. Bin Abdulrahman Al-Saud of Saudi Arabia. XOSM has signed a Memorandum of Understanding with the Office National des Hydrocarbures et des Mines for the purposes of evaluation and possible development of an oil shale deposit near Tarfaya, in the south west part of Morocco. Xtract currently holds 70% of the joint venture.

All assets are held directly or through wholly owned subsidiaries of the Company.

The Directors evaluate new investment opportunities from time to time and may engage the Company in additional projects in the energy resources sector where qualified projects are identified.

Highlights
Financial Highlights

Cash position at 30 June 2010 of 6.87m.
Elko ownership increased to approximately 50%.
Extrem ownership increased to 50%.



7th June 2011



AIM: XTR



XTRACT ENERGY PLC

("Xtract" or the "Company")



Investment Update



Oil Shale



Xtract is pleased to announce that it has contracted Worley Parsons to provide a technical study on the various technologies which are being used or developed around the world to extract hydrocarbons from oil shale, as applicable for the exploitation of the Julia Creek tenements in Queensland, Australia and other oil shale resources. Worley Parsons is an Australian based company and is a leading provider of professional services to resource and energy sector companies and complex process industries



The study, which will be conducted in incremental stages, is anticipated to be complete towards the end of 2011. The study will assist Xtract to review the commercial options available for the exploitation of it's oil shale resources, to make such developments attractive to potential commercial partners, as well as creating a bankable project.



Further updates regarding this study will be provided as appropriate.



Peter Moir



Qualified Person

Great rns will make this company if Julia creek comes off, 2.1 billion barrels of oil.

Have you kept hold of these bb, they look good

I've had these as a baby.....had them so long they're almost a teenager now......whats a bit longer lol.,.

They will make you a rich man (as long as you have more then 1) I cannot say when.

you don't have crystal balls then???.,.

No,golden. Lol

Last Friday White Candlestick has given a new positive trend on the chart

Seems to be a large seller in the back ground holding us back. Several 250,000 gone through. Not you bb is it?

With due thanks and acknowledgement to Mr Euclid;

http://oilbarrel.com/news/an-independent-prospective-oil-resource-report-for-asx-listed-tangiers-petroleum-confirms-significant-potential-new-prospects-in-its-tarfaya-block-in-morocco

An Independent Prospective Oil Resource Report For ASX Listed Tangiers Petroleum Confirms Significant Potential New Prospects In Its Tarfaya Block In Morocco

We have remarked before that as hydrocarbon acreage in Australia is tightly held generally and as what you might call elephant prospects are not thick on the ground or easily accessible in the sea surrounding that vast country, many small companies like to obtain some bread and butter stuff in Oz, then look abroad for assets which could give real uplift.

One such company is ASX listed Tangiers Petroleum. The former IT shell DVM International has set up some modest projects in places like the Cooper Basin in Central Australia and the Bonaparte Gulf in waters between Northern Territory and Western Australia and has bagged a high impact opportunity in Morocco.

These Aussie assets could provide cash flow in the near term but the real potential company maker is the acreage in Morocco. More than 12 months ago TPT announced the acquisition of a 75 per cent working interest and operatorship of the Tarfaya offshore Block, Morocco (hence the name change to Tangiers Petroleum). The project covers 8 individual contiguous blocks with a gross area of 15,041 sq km, situated in shallow waters with a maximum water depth of around 1,000 km

The prospect is for multiple established targets but the acreage, which is between Morocco and the Canary Islands, is under-explored with only 4 wells drilled to date. Established infrastructure is present onshore and a number of active exploration programmes in the surrounding districts provide comfort that companies can undertake large exploration and development programmes in the region. The Cap Juby oil field is a 100 million barrel discovery located 23 km east of the permit. Moreover, Morocco offers some of the most favourable fiscal terms in the industry, which could add to the value of every barrel of oil discovered

Tangiers present partner in the venture is state company ONHYM, whose 25 per cent stake will be free carried through the exploration phase. The potential resource could be huge. Tangiers reckoned in April 2010 defined structures could have the possibility to contain 1 billion barrels of oil-in-place. On this basis last April Australian broker Strachan Corporate said the company, which had seen its share price double over the previous six months from 3 cents (A$0.03) to 8 cents (A$0.08), but felt there could a lot more value in the portfolio and gave Morocco a risked valuation target of 26 cents per share from exploration.

The company is still a long way from drilling anything, but the shares have done better than 26 cents, rising at one point in January 2011 to 35 cents (A$0.35). They have fallen back now to 20 cents (A$20) probably because there has been a lack of news flow. It does take a long time for a minnow like Tangiers to get to drilling even though it has announced it is actively seeking a farm in partner partners to help with the estimated US$20 to US$30 million price tag.

Now, there has been a fresh development which could help lift shares again in that a new report talks of significant new prospects and leads in the Tarfaya Block. World wide petroleum consultants Netherland Sewell and Associates have conducted an independent evaluation of the prospective oil resources for four Upper,Middle and Lower Jurassic carbonate prospects (Trident, TMA, Assaka, and La Dam ) in the Tarfaya Block. This evaluation has validated the oil potential in these prospects with combined best gross (100 per cent) estimates of un-risked prospective resources of 867 million barrels of oil and a high side case of 4,959 barrels of oil. The low side case is 156 million barrels of oil. NSAIs combined estimate of original oil-in-place for the four prospects is: Gross (100 per cent) undiscovered OOIP, Low Estimate 1,564 million barrels of oil, BestEstimate 4,355 million barrels and High Estimate 12,399 million barrels.

Tangiers is presenting evaluating the prospectivity of the Top Jurassic interval from which new prospects Zeus and Little Zeus have emerged as well as the shallower Cretaceous intervals. Multiple additional seismic leads have been identified with early assessment indicates the Cretaceous intervals may contain similar prospective resources as the Jurassic intervals. NSAI will be engaged to produce an independent dent evaluation of prospective resources for Zeus/Little Zeus and the Cretaceous leads. A data room is open to promote a farm-out of the Tarfaya project and expedite the Tarfaya exploration effort. Tangiers expects to drill at least one well in 2012

Meanwhile, the projects in Australia provide Tangiers with a pipeline of opportunities outside of the large Moroccan acreage. Block ATP-587-P is in the Eromanga Basin which in turn is underlain by the Cooper Basin in central Australian Tangiers holds a 100 per cent interest in the licence. The company has mapped two modest sized oil projects and one deep gas prospect, Braidwood.

The companys first well in Eromanga/Cooper will be the Iriculla-2 prospect. Production in the region comes from multiple reservoirs of Jurassic age, but the oil is considered to have migrated from Permian source rocks belonging to the underlying Cooper Basin. Iriculla-2 will be a follow up to the Iriculla-1 well which was drilled on ATP-587-P on the wrong side of a reverse fault which exhibited oil shows on the downthrown side. The company believes there is a strong possibility of an accumulation of hydrocarbons on the up-thrown side of the fault.The company is currently soliciting farm in partners.

Also TPT won rights to 90 per cent of the Turtle and Barnett oilfields in the shallow parts of the Bonaparte Gulf. The fields were discovered in the mid-1980s. On test, discoveries produced between 792 and 920 bopd of heavy oil. The fields are thought to contain P50 reserves of 40 million barrels of oil recoverable.

These fields have been left fallow because of their perceived isolation and modest size but recent developments in the area, not to mention the improved oil price has changed the dynamics. The project will require further appraisal work, however, to discover whether these heavy barrels can de extracted in an economic way. TPT plans to undertake engineering studies and field design in 2011 as well reprocessing seismic. It then plans two exploration wells in 2012 one each in the Turtle and Barnett oil fields.

re 174, this is in the same area as our shale oil deposit. Could be huge .

Nice to see the share rise 8.38% on low volume. Getting noticed now.

MEDIA
RELEASE (with thanks to bnzi on LSE)
7 June 2011
QER Opens Visitor Centre
People interested in the development of Queenslands rich oil shale deposits can now learn first-hand about the new
processing plant operated by QER, following the opening of a Visitor Centre at the companys New Fuels Development
Centre at 375 Landing Road, Yarwun.
QERs CEO and Managing Director, Pearce Bowman, said the Visitor Centre represents an important element in
ensuring the community is kept up-to-date about QERs plans and activities.
The Visitor Centre will not only explain to people what QER is doing, but how we are doing it and, importantly, why
Australia needs these resources to be developed if this country is to address its current and worsening oil supply
shortfall, Mr Bowman said. The static displays and touch screen technology we have developed will allow visitors to
learn more about why oil is so important to our everyday life as well as learn in detail about our oil shale technology
demonstration plant and view high quality animations of the plant.
The Visitor Centre not only provides comprehensive but easy to understand information on our project, it will also serve
as a venue for the local community to provide us with the feedback we need to ensure our operations and activities meet
community expectations and needs, he said.
Once operational, the technology demonstration plant will highlight the Paraho IITM technology QER has chosen for the
processing of Queensland oil shale, and follows five years of testing and operations of a Paraho

pilot plant at Rifle, in
Colorado, USA.
The Visitor Centre will be open to the public from 9:00am to 4:30pm Monday to Friday, and from 12:30pm to 4.00pm on
weekends and most public holidays. In addition to the physical Visitor Centre, QER has developed a virtual visitor centre
web site at www.qervisitorcentre.com.au.
For further information please contact:
John Hewitt
Media and Communications Manager
Mobile: 0448 819 205
Email: jhewitt@qer.com.au
Ph: (07) 3222 0686
Fax: (07) 3222 0611
QER
Established in 2004, Queensland Energy Resources Limited is a privately owned, integrated resource and energy
company based in Australia. The company holds custodial mining and other tenement rights to several of the largest and
potentially most productive oil shale deposits in Australia. These deposits contain an oil production potential more than
twice the size of the Bass Strait, which is the largest oil field discovered in Australia to date. For further
information, we encourage you to visit the QER website at www.qer.com.au

Xtract Energy seeks to acquire Elko Energy
StockMarketWire.com
Xract Energy, whose shares have been suspended on AIM, has offered to acquire the remaining share capital of Elko Energy Inc for new ordinary shares in Xtract.

There will be no cash consideration and, in line with the AIM rules, Xtract's shares will be suspended during the transaction.

On completion of the transaction, the company will no longer be an investing company and will apply for re-admission to AIM as an operating company.

The offer is to acquire all of the issued and outstanding common stock in Elko Energy that Xtract does not already own, for new ordinary shares in Xtract, on the basis of seven Xtract shares for every Elko share. Presently Elko has 100,010,049 common shares in issue of which 49,975,000 are owned by Xtract.

Peter Moir, Chief Executive of Xtract Energy, commented: "We have focused our time on rebalancing the asset portfolio of the company and the acquisition of Elko is the logical next step in this process. Xtract has a clear vision and solid strategy to create a platform for sustainable growth with significant near term operational upside potential for shareholders. The Board looks forward to completion of the acquisition and the re-admission of Xtract as an operating company on AIM."

Xtract Entergy shares suspended ahead of Elko takeover
http://www.stockopedia.co.uk/content/xtract-entergy-shares-suspended-ahead-of-elko-takeover-57504/
Tuesday, Jun 21 2011 by Stockopedia News

Shares in AIM quoted oil and gas investor Xtract Energy(LON:XTR) were suspended from trading this morning ahead of a reverse takeover involving the companys main subsidiary, Elko Energy Inc. Xtract has offered to buy Elko outright in a move that will transform it from an investing company to one focused on operations. Once the deal has completed Xtract will resume trading on AIM.

The all-share deal will see Xtract issue seven of its own shares for every single Elko share. Presently Elko has 100,010,049 common shares in issue of which 49,975,000 are owned by Xtract. The transaction requires shareholder approval although it is understood that Xtract has already received commitments to vote in favour of the acquisition from the directors of Elko who own Elko common shares and major shareholders, together representing 66.4% of the shares in issue. Last year the Xtract board was substantially restructured, with Peter Moir, the president and chief executive of Elko, appointed CEO in July and in October, Alan Hume, the CFO of Elko, joining as group finance director.

Peter Moir said: We have focused our time on rebalancing the asset portfolio of the company and the acquisition of Elko is the logical next step in this process. Xtract has a clear vision and solid strategy to create a platform for sustainable growth with significant near term operational upside potential for shareholders. The board looks forward to completion of the acquisition and the re-admission of Xtract as an operating company on AIM.

Elko has interests in exploration and production licences in the Danish and Dutch North Sea. Its major asset in the Danish North Sea is a 33% working interest in an exploration and production licence 02/05 and a 33% working interest an adjoining exploration and production license 01/11, close to the prolific Central Graben oil kitchen. Technical work indicates the potential for significant resources on these combined licenses. Elko also holds a royalty interest in gas-bearing license blocks P1 and P2 in the Dutch North Sea.

Apart from Elko, Xtract also holds interests in Extrem Energy in Turkey, Zhibek Resources in the Kyrgyz Republic, an oil subsidiary in Australia and an oil shale joint venture in Morocco.
--------------------------------------------------------------------------------

Just hope this starts trading well before the two drills. Will be keeping my golden tickets safe. If this gamble comes off, could be huge.

Print Thursday 23 June, 2011Xtract Energy plc
Investment Update
RNS Number : 9514I
Xtract Energy plc
23 June 2011



23 June 2011



AIM: XTR



XTRACT ENERGY PLC

("Xtract" or the "Company")



Investment Update



Xtract Energy Plc ("Xtract") notes below the Shareholder Update which was issued by Elko Energy Inc. ("Elko") to its shareholders on Wednesday 22nd June 2011:



Elko Energy Inc. ('Elko') is pleased to provide this further business development update.



Business Update



Denmark



Elko announced on May 4, 2011, that the Luna well will be drilled by the 'Maersk Resolve' jack up drilling unit. The rig had been secured by Noreco, the license operator, under a letter of intent. At that date the rig was expected to be available for Luna in mid August 2011 but this date could be a few weeks earlier or later. Elko has been advised today by Noreco that the rig contract has now been signed for the Maersk Resolve and that the rig is now anticipated to arrive on the Luna location in the second half of September 2011.



The Maersk Resolve is currently drilling on contract to Maersk Oil and Gas in Denmark. As such the Maersk Resolve is coming to the 01/11 partnership drill ready, a short mobilization distance from the Luna prospect location and already fully accredited by the Danish authorities for drilling operations in Denmark. The Luna drilling program is expected to take about 1 month duration.



As previously announced the 01/11 partners intend the 'Luna' well to test the overall Rotliegendes play concept. The Luna prospect is located in a small half graben with the pinch out edge to the south east of the structure. The Rotliegendes reservoir is thought to have a high probability of being present at this location based on the seismic interpretation. Uncertainty still exists however on which seismic event represents the top reservoir and where the pinch out occurs.



In addition to the uncertainty on the pinch out position, there is a possibility that the Rotliegendes does not, in fact, pinch out but continues up dip into Lead A. It is therefore possible that Luna and Lead A are connected and represent one feature. The current well location which targets the Luna prospect was picked in order to maximize the information gathered by the well and is designed to address this uncertainty.



Further updates regarding the drilling of this well will be provided as appropriate.



Peter Moir

President

June 22, 2011"

-Ends-











Qualified Person



In accordance with AIM Guidelines, Peter Moir, B.Sc. Civil Engineering, M.Eng. Petroleum Engineering, UK Chartered Engineer, President of Elko Energy Inc. and CEO of Xtract Energy plc is the qualified person as defined in the Guidance Notes for Mining, Oil and Gas Companies, February 2010, of the London Stock Exchange, that has reviewed the technical information contained in this press release. Mr Moir has more than 30 years experience in technical, operational and commercial aspects of the E&P business.



Enquiries please contact:



Xtract Energy Plc
Peter Moir, CEO

Alan Hume FD


+44 (0)137 237 1071 +44 (0) 137 237 1071

Cenkos Securities Plc
Jon Fitzpatrick

Alan Stewart
+44 (0)207 397 8900

+44 (0)131 220 9771



Financial Dynamics
Billy Clegg

Edward Westropp

Alex Beagley
+44 (0)207 831 3113




About Xtract

Xtract identifies and invests in a portfolio of early stage oil and gas assets and business interests with significant growth potential. The Company aims to work closely with the associated management teams to achieve critical project milestones, to finance early stage asset and business development activity, and then to finance the asset development phase, or if appropriate to crystallise value for all shareholders at a suitable exit point. Xtract aims to achieve returns for our shareholders through access to the significant upside rewards associated with our investments.



For further information on Xtract please visit www.xtractenergy.co.uk



A short description of the principal assets of Xtract is set out below. These assets are either held directly or through wholly owned subsidiaries of the Company.



Extrem Energy AS ("Extrem Energy")



Following execution of heads of terms it is anticipated that in the near term Xtract will enter into a fully termed Assignment Agreement and associated Royalty Agreement pursuant to which Xtract will hold a royalty interest over the license portfolio currently owned by Extrem Energy, onshore and offshore Turkey.



Elko Energy Inc. ("Elko")



Elko is a Canadian registered oil & gas exploration company which has interests in exploration and production licences in the Danish and Dutch North Sea. Its major asset in the Danish North Sea is a 33% working interest in an exploration and production licence 02/05 and a 33% working interest in an adjoining exploration and production licence 01/11, close to the prolific Central Graben oil kitchen. Technical work indicates the potential for significant resources on these combined licenses. Neither of those licences is currently being produced and accordingly no profits are attributable to them. Elko also holds a royalty interest in gas-bearing license blocks P1 and P2 in the Dutch North Sea. Xtract currently owns approximately 50% of Elko's issued share capital.



Zhibek Resources Ltd ("Zhibek Resources")



Zhibek Resources is an oil and gas exploration and production company which has a 72% interest in the Tash Kumyr exploration licence in the Kyrgyz Republic. Xtract has entered a farm-out agreement to fund a seismic and drilling programme for 2008-2011. Xtract owns 25.0% of the issued share capital of Zhibek Resources.



Xtract Oil Ltd ("XOL")



Xtract's wholly owned subsidiary, XOL, is focused on the development of the Company's oil shale resources in Australia and the technology for oil extraction from oil shale resources. Xtract has oil shale exploration rights over mining tenements in the Julia Creek area of Queensland. In addition to evaluating third party technologies, XOL has been developing proprietary technology for the commercial extraction of liquid hydrocarbon products from oil shale.



Xtract Energy (Oil Shale) Morocco SA ("XOSM")



XOSM is a joint venture with Alraed Limited Investment Holding Company WLL, a company controlled by His Highness, Prince Bandar Bin Mohd. Bin Abdulrahman Al-Saud of Saudi Arabia. XOSM has signed a Memorandum of Understanding with the Office National des Hydrocarbures et des Mines for the purposes of evaluation and possible development of an oil shale deposit near Tarfaya, in the south west part of Morocco. Xtract currently holds 70% of the joint venture.






This information is provided by RNS
The company news service from the London Stock Exchange

END

share is suspended

Print Thursday 30 June, 2011Xtract Energy plc
Directorate Change
RNS Number : 4073J
Xtract Energy plc
30 June 2011



30 June 2011



AIM: XTR



XTRACT ENERGY PLC

("Xtract" or the "Company")



Directorate changes



Xtract Energy Plc is pleased to announce that Dr George Watkins CBE has been appointed to the Board as Non-Executive Chairman with immediate effect.



Dr. George Edward Watkins CBE, age 67, holds a BSc in Mining, a PhD in Geophysics and an MSc in Management. He also holds an honorary degree of Doctor of Engineering DEng from Heriot Watt University. George joined the Conoco Group in 1973 and retired as Chairman and Managing Director of ConocoPhillips (UK) Ltd in 2002. He has served as a Non-Executive Director of Abbot Group plc, Paladin Resources plc, PSN Ltd and on the Defence Procurement Agency. He is a Governor of the Robert Gordon University.



The Company also announces that John Newton, Non-Executive Chairman, and Mark Nichols, Non-Executive Director, are stepping down from the Board to pursue other business interests with immediate effect.



Peter Moir, Chief Executive of Xtract, commented:

"The Company is pleased that George has agreed to join the Board as his experience in industry will prove invaluable as we continue with our strategy to create a platform for sustainable growth.



"I would also like to take this opportunity to thank both John and Mark for all of their hard work on the Board of Xtract. During this time, they have been an asset to the Company and have played important roles in the successful turnaround of Xtract. I wish them all the best in the future."



George Watkins, new Non-Executive Chairman of Xtract, said:

"I am delighted to join this dynamic team at this exciting time in the Company's evolution from an investing company to an operational company. The management have effected a successful turnaround of the business and have established a powerful platform for growth."





AIM Rules disclosure under Schedule 2(g) of the AIM Rules

The information detailed below is disclosed in accordance with Rule 17 and Schedule 2(g) of the AIM Rules for Companies. Except for the information disclosed below, there is no other information which falls to be disclosed under these rules.



The Directorships and past Directorships of Dr George Edward Watkins (aged 67) are listed below:



Current Directorships



Bridge Resources Corporation



GW Associates Limited








Past Directorships



Abbot Group plc

ITI Scotland Limited

Paladin Resources plc

Production Services Network Limited

The Maersk Company Limited

Maersk Energy UK Limited

E F Limited (dissolved)

Energy Fulcrum Limited (dissolved)






- Ends -



Enquiries please contact:



Xtract Energy Plc
Peter Moir, CEO

Alan Hume FD


+44 (0)137 237 1089 +44 (0) 137 237 1089

Cenkos Securities Plc
Jon Fitzpatrick

Alan Stewart
+44 (0)207 397 8900

+44 (0)131 220 9771



Financial Dynamics
Billy Clegg

Edward Westropp

Alex Beagley
+44 (0)207 831 3113




About Xtract

Xtract identifies and invests in a portfolio of early stage oil and gas assets and business interests with significant growth potential. The Company aims to work closely with the associated management teams to achieve critical project milestones, to finance early stage asset and business development activity, and then to finance the asset development phase, or if appropriate to crystallise value for all shareholders at a suitable exit point. Xtract aims to achieve returns for our shareholders through access to the significant upside rewards associated with our investments.



For further information on Xtract please visit www.xtractenergy.co.uk



A short description of the principal assets of Xtract is set out below. These assets are either held directly or through wholly owned subsidiaries of the Company.



Extrem Energy AS ("Extrem Energy")



Following execution of heads of terms it is anticipated that in the near term Xtract will enter into a fully termed Assignment Agreement and associated Royalty Agreement pursuant to which Xtract will hold a royalty interest over the license portfolio currently owned by Extrem Energy, onshore and offshore Turkey.



Elko Energy Inc. ("Elko")



Elko is a Canadian registered oil & gas exploration company which has interests in exploration and production licences in the Danish and Dutch North Sea. Its major asset in the Danish North Sea is a 33% working interest in an exploration and production licence 02/05 and a 33% working interest in an adjoining exploration and production licence 01/11, close to the prolific Central Graben oil kitchen. Technical work indicates the potential for significant resources on these combined licenses. Neither of those licences is currently being produced and accordingly no profits are attributable to them. Elko also holds a royalty interest in gas-bearing license blocks P1 and P2 in the Dutch North Sea. Xtract currently owns approximately 50% of Elko's issued share capital.



Zhibek Resources Ltd ("Zhibek Resources")



Zhibek Resources is an oil and gas exploration and production company which has a 72% interest in the Tash Kumyr exploration licence in the Kyrgyz Republic. Xtract has entered a farm-out agreement to fund a seismic and drilling programme for 2008-2011. Xtract owns 25.0% of the issued share capital of Zhibek Resources.



Xtract Oil Ltd ("XOL")



Xtract's wholly owned subsidiary, XOL, is focused on the development of the Company's oil shale resources in Australia and the technology for oil extraction from oil shale resources. Xtract has oil shale exploration rights over mining tenements in the Julia Creek area of Queensland. In addition to evaluating third party technologies, XOL has been developing proprietary technology for the commercial extraction of liquid hydrocarbon products from oil shale.



Xtract Energy (Oil Shale) Morocco SA ("XOSM")



XOSM is a joint venture with Alraed Limited Investment Holding Company WLL, a company controlled by His Highness, Prince Bandar Bin Mohd. Bin Abdulrahman Al-Saud of Saudi Arabia. XOSM has signed a Memorandum of Understanding with the Office National des Hydrocarbures et des Mines for the purposes of evaluation and possible development of an oil shale deposit near Tarfaya, in the south west part of Morocco. Xtract currently holds 70% of the joint venture.




This information is provided by RNS
The company news service from the London Stock Exchange

END

KeywordCompanyEPIC/TIDMSEDOL/ISIN Print Wednesday 06 July, 2011Xtract Energy plc
Heads of Agreement extension
RNS Number : 8357J
Xtract Energy plc
06 July 2011



6 July 2011



AIM: XTR



XTRACT ENERGY PLC

("Xtract" or the "Company")



Heads of Agreement extension



Xtract Energy plc ("Xtract") owns 50% of Extrem Energy AS ("Extrem"), a Turkish joint stock company. The remaining 50% of Extrem is owned by Merty Energy, Petroleum Exploration, Education and Services Inc. ("Merty") and individual members of the Yoldemir family.



As previously announced on 4 May 2011, Xtract Energy plc signed a Heads of Agreement between Xtract, Extrem, Merty and the Yoldemir family, whereby Merty intends to acquire Xtract's 50% share ownership in Extrem giving Merty and the Yoldemir family complete control of the Extrem corporate entity. This Heads of Agreement was originally signed for a 60 day period. The Company is pleased to announce that it has today signed an extension with the same parties for an additional 30 days in order to finalise the agreements.



- Ends -

Xtract Energy agrees Extrem deal
StockMarketWire.com
Xtract Energy plc has signed a Heads of Agreement between Xtract, Extrem, Merty and the Yoldemir family, whereby Merty intends to acquire Xtract's 50% share ownership in Extrem giving Merty and the Yoldemir family complete control of the Extrem corporate entity.

This Heads of Agreement was originally signed for a 60 day period. The Company is pleased to announce that it has today signed an extension with the same parties for an additional 30 days in order to finalise the agreements.

I bet a lot of investors shorted this stock before it was suspended. As long as they
have brown underpants on they should be fine. When it comes back on stream in August lets hope for a strong rise with the on going news, then they will be brown. A lot of investors that sold out will be kicking themselves and re awaiting entry.
Lets hope they get stuck with their shorts down. lol

Nice to see this back on the market from the first week of August, as the market may soon pick up sentiment.News must be due soon on the re-entry date.

Luna to spud this month. Great to have this share suspended. Should have news soon on its release. Could be a longterm gem.

Print Wednesday 03 August, 2011Xtract Energy plc
Heads of Agreement Extension
RNS Number : 6226L
Xtract Energy plc
03 August 2011



XTRACT ENERGY PLC

("Xtract" or the "Company")

Heads of Agreement extension

As previously announced, Xtract Energy plc ("Xtract") owns 50% of Extrem Energy AS ("Extrem"), a Turkish joint stock company. The remaining 50% of Extrem is owned by Merty Energy, Petroleum Exploration, Education and Services Inc. ("Merty") and individual members of the Yoldemir family.

On 4 May 2011, Xtract Energy plc announced that it had signed a Heads of Agreement between Xtract, Extrem, Merty and the Yoldemir family, granting Merty exclusivity to acquire Xtract's 50% share ownership in Extrem giving Merty and the Yoldemir family complete control of the Extrem corporate entity. Also as previously announced, on 6 July 2011, the Heads of Agreement were extended with the same parties for an additional 30 days.

The Company is now pleased to announce that it has signed a further extension with the same parties expiring on 30 August 2011 in order to finalise the agreements.



Enquiries please contact:

Xtract Energy Plc
Peter Moir, CEO

Alan Hume FD
+44 (0)137 237 1089 +44 (0) 137 237 1089

Cenkos Securities Plc
Jon Fitzpatrick

Alan Stewart
+44 (0)207 397 8900

+44 (0)131 220 9771

Financial Dynamics
Billy Clegg

Edward Westropp

Alex Beagley
+44 (0)207 831 3113


About Xtract

Xtract identifies and invests in a portfolio of early stage oil and gas assets and business interests with significant growth potential. The Company aims to work closely with the associated management teams to achieve critical project milestones, to finance early stage asset and business development activity, and then to finance the asset development phase, or if appropriate to crystallise value for all shareholders at a suitable exit point. Xtract aims to achieve returns for our shareholders through access to the significant upside rewards associated with our investments.

As announced on 21 June 2011, Xtract has offered to acquire all of the issued and outstanding common stock in Elko Energy Inc that it does not already own, for new ordinary shares in Xtract. Subsequently, Xtract sought a suspension of trading in its shares until it is in a position to publish an Admission Document and, thereafter, it will re-apply for admission to AIM. Accordingly, at the request of the Company, trading on AIM for the under-mentioned securities was suspended from 7:30am on 21 June 2011.

For further information on Xtract please visit www.xtractenergy.co.uk

A short description of the principal assets of Xtract is set out below. These assets are either held directly or through wholly owned subsidiaries of the Company.

Extrem Energy AS ("Extrem Energy")

Following execution of heads of terms it is anticipated that in the near term Xtract will enter into a fully termed Assignment Agreement and associated Royalty Agreement pursuant to which Xtract will hold a royalty interest over the license portfolio currently owned by Extrem Energy, onshore and offshore Turkey.

Elko Energy Inc. ("Elko")

Elko is a Canadian registered oil & gas exploration company which has interests in exploration and production licences in the Danish and Dutch North Sea. Its major asset in the Danish North Sea is a 33% working interest in an exploration and production licence 02/05 and a 33% working interest in an adjoining exploration and production licence 01/11, east of the prolific Central Graben oil kitchen. Technical work indicates the potential for significant resources on these combined licenses. Neither of those licences is currently being produced and accordingly no profits are attributable to them. Elko also holds a royalty interest in gas-bearing license blocks P1 and P2 in the Dutch North Sea. Xtract currently owns approximately 50% of Elko's issued share capital.

As announced on 21 June 2011, Xtract has offered to acquire all of the issued and outstanding common stock in Elko Energy Inc that it does not already own, for new ordinary shares in Xtract. Subsequently, Xtract sought a suspension of trading in its shares until it is in a position to publish an Admission Document and, thereafter, it will re-apply for admission to AIM.

Zhibek Resources Ltd ("Zhibek Resources")

Zhibek Resources is an oil and gas exploration and production company which has a 72% interest in the Tash Kumyr exploration licence in the Kyrgyz Republic. Xtract has entered a farm-out agreement to fund a seismic and drilling programme for 2008-2011. Xtract owns 25.0% of the issued share capital of Zhibek Resources.

Xtract Oil Ltd ("XOL")

Xtract's wholly owned subsidiary, XOL, is focused on the development of the Company's oil shale resources in Australia and the technology for oil extraction from oil shale resources. Xtract has oil shale exploration rights over mining tenements in the Julia Creek area of Queensland. In addition to evaluating third party technologies, XOL has been developing proprietary technology for the commercial extraction of liquid hydrocarbon products from oil shale.

Xtract Energy (Oil Shale) Morocco SA ("XOSM")

XOSM is a joint venture with Alraed Limited Investment Holding Company WLL, a company controlled by His Highness, Prince Bandar Bin Mohd. Bin Abdulrahman Al-Saud of Saudi Arabia. XOSM has signed a Memorandum of Understanding with the Office National des Hydrocarbures et des Mines for the purposes of evaluation and possible development of an oil shale deposit near Tarfaya, in the south west part of Morocco. Xtract currently holds 70% of the joint venture.




This information is provided by RNS
The company news service from the London Stock Exchange

END


AGRKLLFBFVFXBBX


Investegate takes no responsibility for the accuracy of the information within the site

Good news, the way things are at the moment.

Thursday 04 August, 2011Xtract Energy plc
Result of Elko annual and special meeting
RNS Number : 7142L
Xtract Energy plc
04 August 2011



XTRACT ENERGY PLC

("Xtract" or the "Company")

Result of Elko annual and special meeting

The Company is pleased to confirm that all of the resolutions that were proposed at the annual and special meeting of Elko Energy Inc. held on August 3, 2011 in Toronto, Ontario were duly passed. The shareholders of Elko Energy Inc. thereby approved the Plan of Arrangement with Xtract Energy plc and Xtract International Limited.



Enquiries please contact:

Xtract Energy Plc
Peter Moir, CEO

Alan Hume FD
+44 (0)137 237 1089 +44 (0) 137 237 1089

Cenkos Securities Plc
Jon Fitzpatrick

Alan Stewart
+44 (0)207 397 8900

+44 (0)131 220 9771

Financial Dynamics
Billy Clegg

Edward Westropp

Alex Beagley
+44 (0)207 831 3113


About Xtract

Xtract identifies and invests in a portfolio of early stage oil and gas assets and business interests with significant growth potential. The Company aims to work closely with the associated management teams to achieve critical project milestones, to finance early stage asset and business development activity, and then to finance the asset development phase, or if appropriate to crystallise value for all shareholders at a suitable exit point. Xtract aims to achieve returns for our shareholders through access to the significant upside rewards associated with our investments.

As announced on 21 June 2011, Xtract has offered to acquire all of the issued and outstanding common stock in Elko Energy Inc that it does not already own, for new ordinary shares in Xtract. Subsequently, Xtract sought a suspension of trading in its shares until it is in a position to publish an Admission Document and, thereafter, it will re-apply for admission to AIM. Accordingly, at the request of the Company, trading on AIM for the under-mentioned securities was suspended from 7:30am on 21 June 2011.

For further information on Xtract please visit www.xtractenergy.co.uk

A short description of the principal assets of Xtract is set out below. These assets are either held directly or through wholly owned subsidiaries of the Company.

Extrem Energy AS ("Extrem Energy")

Following execution of heads of terms it is anticipated that in the near term Xtract will enter into a fully termed Assignment Agreement and associated Royalty Agreement pursuant to which Xtract will hold a royalty interest over the license portfolio currently owned by Extrem Energy, onshore and offshore Turkey.

Elko Energy Inc. ("Elko")

Elko is a Canadian registered oil & gas exploration company which has interests in exploration and production licences in the Danish and Dutch North Sea. Its major asset in the Danish North Sea is a 33% working interest in an exploration and production licence 02/05 and a 33% working interest in an adjoining exploration and production licence 01/11, east of the prolific Central Graben oil kitchen. Technical work indicates the potential for significant resources on these combined licenses. Neither of those licences is currently being produced and accordingly no profits are attributable to them. Elko also holds a royalty interest in gas-bearing license blocks P1 and P2 in the Dutch North Sea. Xtract currently owns approximately 50% of Elko's issued share capital.

As announced on 21 June 2011, Xtract has offered to acquire all of the issued and outstanding common stock in Elko Energy Inc that it does not already own, for new ordinary shares in Xtract. Subsequently, Xtract sought a suspension of trading in its shares until it is in a position to publish an Admission Document and, thereafter, it will re-apply for admission to AIM.

Zhibek Resources Ltd ("Zhibek Resources")

Zhibek Resources is an oil and gas exploration and production company which has a 72% interest in the Tash Kumyr exploration licence in the Kyrgyz Republic. Xtract has entered a farm-out agreement to fund a seismic and drilling programme for 2008-2011. Xtract owns 25.0% of the issued share capital of Zhibek Resources.

Xtract Oil Ltd ("XOL")

Xtract's wholly owned subsidiary, XOL, is focused on the development of the Company's oil shale resources in Australia and the technology for oil extraction from oil shale resources. Xtract has oil shale exploration rights over mining tenements in the Julia Creek area of Queensland. In addition to evaluating third party technologies, XOL has been developing proprietary technology for the commercial extraction of liquid hydrocarbon products from oil shale.

Xtract Energy (Oil Shale) Morocco SA ("XOSM")

XOSM is a joint venture with Alraed Limited Investment Holding Company WLL, a company controlled by His Highness, Prince Bandar Bin Mohd. Bin Abdulrahman Al-Saud of Saudi Arabia. XOSM has signed a Memorandum of Understanding with the Office National des Hydrocarbures et des Mines for the purposes of evaluation and possible development of an oil shale deposit near Tarfaya, in the south west part of Morocco. Xtract currently holds 70% of the joint venture.




This information is provided by RNS
The company news service from the London Stock Exchange

END

Keep the suspension going. Not lost a penny in these times. Wish more comps
could have suspended their stock. lol

Monday 08 August, 2011Xtract Energy plc
Result of AGM
RNS Number : 9348L
Xtract Energy plc
08 August 2011



8 August 2011

XTRACT ENERGY PLC

("Xtract" or the "Company")

Result of AGM

The company is pleased to confirm that all of the resolutions that were proposed at the Company's annual general meeting were duly passed.



Enquiries please contact:

Xtract Energy Plc
Peter Moir, CEO

Alan Hume FD
+44 (0)137 237 1089 +44 (0) 137 237 1089

Cenkos Securities Plc
Jon Fitzpatrick

Alan Stewart
+44 (0)207 397 8900

+44 (0)131 220 9771

Financial Dynamics
Billy Clegg

Edward Westropp

Alex Beagley
+44 (0)207 831 3113


About Xtract

Xtract identifies and invests in a portfolio of early stage oil and gas assets and business interests with significant growth potential. The Company aims to work closely with the associated management teams to achieve critical project milestones, to finance early stage asset and business development activity, and then to finance the asset development phase, or if appropriate to crystallise value for all shareholders at a suitable exit point. Xtract aims to achieve returns for our shareholders through access to the significant upside rewards associated with our investments.

As announced on 21 June 2011, Xtract has offered to acquire all of the issued and outstanding common stock in Elko Energy Inc that it does not already own, for new ordinary shares in Xtract. Subsequently, Xtract sought a suspension of trading in its shares until it is in a position to publish an Admission Document and, thereafter, it will re-apply for admission to AIM. Accordingly, at the request of the Company, trading on AIM for the under-mentioned securities was suspended from 7:30am on 21 June 2011.

For further information on Xtract please visit www.xtractenergy.co.uk

A short description of the principal assets of Xtract is set out below. These assets are either held directly or through wholly owned subsidiaries of the Company.

Extrem Energy AS ("Extrem Energy")

Following execution of heads of terms it is anticipated that in the near term Xtract will enter into a fully termed Assignment Agreement and associated Royalty Agreement pursuant to which Xtract will hold a royalty interest over the license portfolio currently owned by Extrem Energy, onshore and offshore Turkey.

Elko Energy Inc. ("Elko")

Elko is a Canadian registered oil & gas exploration company which has interests in exploration and production licences in the Danish and Dutch North Sea. Its major asset in the Danish North Sea is a 33% working interest in an exploration and production licence 02/05 and a 33% working interest in an adjoining exploration and production licence 01/11, east of the prolific Central Graben oil kitchen. Technical work indicates the potential for significant resources on these combined licenses. Neither of those licences is currently being produced and accordingly no profits are attributable to them. Elko also holds a royalty interest in gas-bearing license blocks P1 and P2 in the Dutch North Sea. Xtract currently owns approximately 50% of Elko's issued share capital.

As announced on 21 June 2011, Xtract has offered to acquire all of the issued and outstanding common stock in Elko Energy Inc that it does not already own, for new ordinary shares in Xtract. Subsequently, Xtract sought a suspension of trading in its shares until it is in a position to publish an Admission Document and, thereafter, it will re-apply for admission to AIM.

Zhibek Resources Ltd ("Zhibek Resources")

Zhibek Resources is an oil and gas exploration and production company which has a 72% interest in the Tash Kumyr exploration licence in the Kyrgyz Republic. Xtract has entered a farm-out agreement to fund a seismic and drilling programme for 2008-2011. Xtract owns 25.0% of the issued share capital of Zhibek Resources.

Xtract Oil Ltd ("XOL")

Xtract's wholly owned subsidiary, XOL, is focused on the development of the Company's oil shale resources in Australia and the technology for oil extraction from oil shale resources. Xtract has oil shale exploration rights over mining tenements in the Julia Creek area of Queensland. In addition to evaluating third party technologies, XOL has been developing proprietary technology for the commercial extraction of liquid hydrocarbon products from oil shale.

Xtract Energy (Oil Shale) Morocco SA ("XOSM")

XOSM is a joint venture with Alraed Limited Investment Holding Company WLL, a company controlled by His Highness, Prince Bandar Bin Mohd. Bin Abdulrahman Al-Saud of Saudi Arabia. XOSM has signed a Memorandum of Understanding with the Office National des Hydrocarbures et des Mines for the purposes of evaluation and possible development of an oil shale deposit near Tarfaya, in the south west part of Morocco. Xtract currently holds 70% of the joint venture.




This information is provided by RNS
The company news service from the London Stock Exchange

END


RAGPPMBTMBMMBFB

DJ Xtract Energy plc Elko shareholder update

TIDMXTR

RNS Number : 3075M

Xtract Energy plc

12 August 2011

XTRACT ENERGY PLC

("Xtract" or the "Company")

Elko Shareholder Update

Xtract Energy Plc ("Xtract") notes below the Shareholder Update which was issued by Elko Energy Inc. ("Elko") to its shareholders on Thursday 11 August 2011.

Shareholder Update

Elko Energy Inc. ("Elko" or the "Corporation") is pleased to provide an update on the Annual and Special Meeting of Shareholders that was held Wednesday, August 3(rd) in Toronto. All resolutions put forward to shareholders were passed with a significant majority as follows:

Item 1: Election of Directors - The five nominees set forth in the Corporation's Management Information Circular dated July 7, 2011 were elected as directors of the Corporation by a majority vote on a show of hands.

Votes For 71,588,660

Votes Withheld 6,504,000

Item 2: Appointment of Auditors - Deloitte LLP was appointed as the auditor of the Corporation and the directors were authorized to fix the remuneration of the auditor by a majority vote on a show of hands.

Votes For 74,092,660

Votes Withheld 4,000,000

Item 3: Approval of Plan of Arrangement involving Elko, Xtract Energy plc ("Xtract") and Xtract International Limited - The special resolution approving the Plan of Arrangement was approved by a vote conducted by ballot.

Majority of Disinterested Vote

Votes For 24,138,660

Votes Against 4,004,000

Not Eligible to Vote 49,975,000

66 2/3 Vote

Votes For 74,113,660

Votes Against 4,004,000

In addition, yesterday, the Ontario Superior Court of Justice provided its final approval of the Plan of Arrangement. The next steps in this transaction include the successful completion by Xtract of its re-admission to AIM and the approval of the Plan of Arrangement by Xtract's shareholders.

Xtract is currently in the process of finalizing its re-admission documentation to AIM. A specific date for an Xtract shareholders meeting to approve Xtract's re-admission to AIM has not been set at this time, however it is currently anticipated that this meeting will be called for the early part of September.

Once all of the conditions to closing the Plan of Arrangement have been waived or satisfied, Articles of Arrangement will be filed with the applicable Ontario Ministry to give effect to the Plan of Arrangement, following which time Equity Financial Trust Company, Elko's transfer agent and registrar, will be in a position to facilitate the issuance of Xtract shares to those shareholders who have submitted the Letter of Transmittal and their certificates representing Elko shares.

Peter Moir

President

August 11, 2011

Enquiries please contact:

Peter Moir,
CEO +44 (0)137 237 1089
Xtract Energy Plc Alan Hume FD +44 (0) 137 237 1089
Cenkos Securities Jon Fitzpatrick +44 (0)207 397 8900
Plc Alan Stewart +44 (0)131 220 9771
Billy Clegg
Edward Westropp
Financial Dynamics Alex Beagley +44 (0)207 831 3113

About Xtract

Xtract identifies and invests in a portfolio of early stage oil and gas assets and business interests with significant growth potential. The Company aims to work closely with the associated management teams to achieve critical project milestones, to finance early stage asset and business development activity, and then to finance the asset development phase, or if appropriate to crystallise value for all shareholders at a suitable exit point. Xtract aims to achieve returns for our shareholders through access to the significant upside rewards associated with our investments.

As announced on 21 June 2011, Xtract has offered to acquire all of the issued and outstanding common stock in Elko Energy Inc that it does not already own, for new ordinary shares in Xtract. Subsequently, Xtract sought a suspension of trading in its shares unti

Looking like being back on the aim early September. Should be drilling by then.
A sleeping giant about to wake.

Have this vibe we may get taken over by WLT'S which own western coal. They own 40% now. Just thinking we are an ideal takeover target before the assets reflect in on the sp.

Luna drill targeting 936mbls of oil and 3557 bcfg . We gained an extra 16% of the Luna drill, with now a 33% share. looking at 300mbs. I think there will be a lot of interest in this company when placed back on the market. Will be good to have a good sp before any noise of a takeover.

Thanks to stratocastor on interactive ii
DC words - I can see other investers feel the same, heres some calcs if this comes off.
AUPDYOR



Re: Overhang of nw shares in the short t... Stratocastor79




View Author's profileAdd to favouritesIgnoreAuthor's posts
OK I will try and be a little more scientific.
1. 1.35bn shares in circ
33% of a 936mbb field
oil in the ground is usually graded as 1c-3c and 1p-3p

1p means a 90% the oil will be produced..so if you take xcite energy who say have 115mmbs then they have a 1p of 28mmbs, 2p of say 65mmbs and 3cof 25mmbs. the 1p is multilied by $15 barrel down to $5 a barrel for 30.

lets just say that xtract make $10 a barrel on 311.68mmbls (33% of luna). that would equalte to just over $3bn profit.

divide your $3.11bn by 1.35bn shares ad it comes out at $2.4 or 140p a share. Which right now seems rediculous because that would make my holding worth 702k gbp....loets wait and see as all this sounds like I am getting ahead of myself

Perhaps the new shares given to investors that invested in Elko energy will not dilute the sp as they may keep them for the future drill.

http://www.xtractenergy.co.uk/documents/TRACS_summary_DK_June_2010.pdf

http://www.iii.co.uk/tv/episode/aim-oil-and-gas-firms-set-strong-end-2011

Noticed at the bottom of this report it states the xtract sp is up.?





http://www.proactiveinvestors.co.uk/companies/news/32164/oil-prices-edge-up-as-us-equities-rebound-32164.html

Wednesday 24 August, 2011Xtract Energy plc
Completion of sale of Extrem
RNS Number : 9602M
Xtract Energy plc
24 August 2011



XTRACT ENERGY PLC

("Xtract" or the "Company")

Completion of sale of Extrem



The Company is pleased to announce that Xtract has today received payment of $100,000 from Merty Energy, Petroleum Exploration, Education and Services Inc. ("Merty") and individual members of the Yoldemir family in consideration for its 50% stake of Extrem Energy AS ("Extrem"), a Turkish joint stock company with a portfolio of licence interests in onshore and offshore Turkey.



Merty, which following the transaction, owns 100% of Extrem, will now be able to fund and progress the licences through farm out with new partners. Xtract is expected to benefit from this strategy in that it will have no further financial liability in relation to Extrem or the Turkish licences but will retain a participation in any successful commercial production by virtue of Merty's assignment to it of a gross over-riding royalty interest in and to all of the oil, gas and other hydrocarbon substances and minerals produced, saved and marketed from certain exploration licences.



The parties agree that the gross overriding royalty interest shall be calculated using the market price for hydrocarbon at the relevant time, after deduction of a 12.5 per cent. royalty payable to the government pursuant to the applicable law.



Enquiries please contact:

Xtract Energy Plc
Peter Moir, CEO

Alan Hume FD
+44 (0)137 237 1089 +44 (0) 137 237 1089

Cenkos Securities Plc
Jon Fitzpatrick

Alan Stewart
+44 (0)207 397 8900

+44 (0)131 220 9771

Financial Dynamics
Billy Clegg

Edward Westropp

Alex Beagley
+44 (0)207 831 3113


About Xtract

Xtract identifies and invests in a portfolio of early stage oil and gas assets and business interests with significant growth potential. The Company aims to work closely with the associated management teams to achieve critical project milestones, to finance early stage asset and business development activity, and then to finance the asset development phase, or if appropriate to crystallise value for all shareholders at a suitable exit point. Xtract aims to achieve returns for our shareholders through access to the significant upside rewards associated with our investments.

As announced on 21 June 2011, Xtract has offered to acquire all of the issued and outstanding common stock in Elko Energy Inc that it does not already own, for new ordinary shares in Xtract. Subsequently, Xtract sought a suspension of trading in its shares until it is in a position to publish an Admission Document and, thereafter, it will re-apply for admission to AIM. Accordingly, at the request of the Company, trading on AIM for the under-mentioned securities was suspended from 7:30am on 21 June 2011.

For further information on Xtract please visit www.xtractenergy.co.uk

A short description of the principal assets of Xtract is set out below. These assets are either held directly or through wholly owned subsidiaries of the Company.

Elko Energy Inc. ("Elko")

Elko is a Canadian registered oil & gas exploration company which has interests in exploration and production licences in the Danish and Dutch North Sea. Its major asset in the Danish North Sea is a 33% working interest in an exploration and production licence 02/05 and a 33% working interest in an adjoining exploration and production licence 01/11, east of the prolific Central Graben oil kitchen. Technical work indicates the potential for significant resources on these combined licenses. Neither of those licences is currently being produced and accordingly no profits are attributable to them. Elko also holds a royalty interest in gas-bearing license blocks P1 and P2 in the Dutch North Sea. Xtract currently owns approximately 50% of Elko's issued share capital.

Zhibek Resources Ltd ("Zhibek Resources")

Zhibek Resources is an oil and gas exploration and production company which has a 72% interest in the Tash Kumyr exploration licence in the Kyrgyz Republic. Xtract has entered a farm-out agreement to fund a seismic and drilling programme for 2008-2011. Xtract owns 25.0% of the issued share capital of Zhibek Resources.

Xtract Oil Ltd ("XOL")

Xtract's wholly owned subsidiary, XOL, is focused on the development of the Company's oil shale resources in Australia and the technology for oil extraction from oil shale resources. Xtract has oil shale exploration rights over mining tenements in the Julia Creek area of Queensland. In addition to evaluating third party technologies, XOL has been developing proprietary technology for the commercial extraction of liquid hydrocarbon products from oil shale.

Xtract Energy (Oil Shale) Morocco SA ("XOSM")

XOSM is a joint venture with Alraed Limited Investment Holding Company WLL, a company controlled by His Highness, Prince Bandar Bin Mohd. Bin Abdulrahman Al-Saud of Saudi Arabia. XOSM has signed a Memorandum of Understanding with the Office National des Hydrocarbures et des Mines for the purposes of evaluation and possible development of an oil shale deposit near Tarfaya, in the south west part of Morocco. Xtract currently holds 70% of the joint venture.




This information is provided by RNS
The company news service from the London Stock Exchange

END


DISFZLFLFVFZBBL

100 grand......that'll go a long way.,.

Not worried about the hundred grand, the two next drills could make the company.

Oh dear - so much for being out of the market during the recent turmoil. The biggest faller today!

Just hope all comes well. Two company making drills sept, if they come off.

Friday 26 August, 2011AIM
Restoration - Xtract Energy plc
RNS Number : 0764N
AIM
26 August 2011





NOTICE





26/08/2011 7:30am



RESTORATION OF TRADING ON AIM



XTRACT ENERGY PLC



The trading on AIM for the under-mentioned securities was temporarily suspended. The suspension is lifted from 26/08/2011 7:30am, an admission document having been published.



Ordinary Shares of 0.1p each, fully paid (B06QGC5)(GB00B06QGC57

Very late newshttp://moneyam.uk-wire.com/cgi-bin/articles/201108311741233900N.html

XTRACT QUITS TO REJOIN AFTER REVERSE TAKEOVER
http://www.express.co.uk/money/view/269219/Xtract-quits-to-rejoin-after-reverse-takeover

Xtract Energy is to leave and rejoin Aim this month since a takeover deal and a 3million fundraisin

Monday September 5,2011
By Daily Express Reporter

OIL and gas investor Xtract Energy is poised to leave and rejoin Aim this month following a takeover deal and a 3million fundraising.
The company is taking full control of one of its part-owned subsidiaries, Elko Energy, which operates in the Danish and Dutch North Sea, using finance from a share placing with institutions.

Under stock exchange rules the transaction is classed as a reverse takeover and it must apply for its shares to be re-admitted to the market.


That will take place on September 13, when trading in the shares of the enlarged company will begin. Chief executive Peter Moir said: We are very pleased to have successfully raised 3million, the net proceeds of which will be used to fund the costs associated with acquiring Elko Energy and the ongoing working capital requirements of the company.

Its stock market value currently 15million is expected to be 18.8million following re-admission.Set up in 2004, Xtract first floated on AIM in 2005.

http://www.xtractenergy.co.uk/documents/General%20Mtg%20FINAL%20presentation%2012%20Sept.pdf

4% up a start

Xtract Energy losses narrow
StockMarketWire.com
Xtract Energy posts a net loss of 1.2m for the six months to the end of June - down from 10.3m last time.

Operating losses fell to 1.6m from 12.0m and net assets stood at 8.035m compared with 8.329m at the end of December.

Since the period end Xtract has acquired all of Elko Energy Inc and sold a 50% stake in Extrem Energy.

CEO Peter Moir said: "We are very happy to have now completed the acquisition of Elko Energy Inc and the disposal of our interest in Extrem Energy AS.

"These transactions allow management to more effectively focus on core business areas moving forward.

"We are excited about our future prospects, particularly in the North Sea where we have two wells being drilled in the next quarter."



At 1:04pm: (LON:XTR) share price was +0.03p at 1.33p

Xtract focuses its attention on North Sea wells in Q4
Fri 3:10 pm by Jon Mainwaring Xtract completed its acquisition of Elko Energy this summer
During the next few months Xtract Energy (LON:XTR) will be focusing on the companys North Sea projects, where it plans to drill two wells in Denmark and the Netherlands in the final quarter of the year.

The firm, which released its interim results for the six months to June 30 this afternoon, has an interest in offshore Denmark through its Elko Energy subsidiary, which Xtract has now finished acquiring.

Elko Energy holds a 33-per cent working interest in two exploration licences there and these licences cover a combined area of 3,638 square kilometres. According to Xtract, they offer P50 un-risked prospective resources of 747 million barrels of oil.

The partners in Denmark have already selected a location for the first well, to be called Luna. Xtract said the well will be drilled to test the Rotleigendes play in an optimum position for reservoir quality, thickness and hydrocarbon charge in the combined prospective area.

In the Netherlands, also offshore, Elko Energy and Elko Exploration hold interests on the P1 and P2 blocks operated by Chevron. Chevron plans to drill an appraisal well on block P2 during the fourth quarter of 2011 with its main objective being to evaluate commercial hydrocarbon flow rates from an extended-reach horizontal well within the Rotleigendes sandstone reservoir. This well programme is expected to last 100 days.

After making an offer in June to acquire outstanding shares that Xtract did not already own in Elko Energy, the firm has now completed the acquisition of the business. Meanwhile, Xtract has also disposed of its 50-per cent holding in Extrem Energy.

We are very happy to have now completed the acquisition of Elko Energy Inc. and the disposal of our interest in Extrem Energy AS, said Peter Moir, Xtracts chief executive. These transactions allow management to more effectively focus on core business areas moving forward. We are excited about our future prospects, particularly in the North Sea where we have two wells being drilled in the next quarter.

The firm made a net loss of 1.2 million during the first half, compared with a 10.3 million loss in H1 2010. Meanwhile, cash on its balance sheet at the end of June stood at 4.6 million (December 31 2010: 8.8 million).

Thanks to spikeydt on interactive ii


Sat, Sep 24, 2011 at 2:21 PM
2:13 pm by Sergei Balashov

http://www.proactiveinvestors.co.uk/companies/news/33538/

Meanwhile, Xtract Energy (LON:XTR) said it will be focusing on its North Sea projects over the next few months, planning to drill two wells in Denmark and the Netherlands in the final quarter of the year.

The firm, which released its interim results for the six months to June 30 this week, has an interest in offshore Denmark through its Elko Energy subsidiary, which Xtract has now finished acquiring.

Elko Energy holds a 33-per cent working interest in two exploration licences there and these licences cover a combined area of 3,638 square kilometres. According to Xtract, they offer P50 un-risked prospective resources of 747 million barrels of oil.

Tuesday 27 September, 2011Xtract Energy plc
Operating Update
RNS Number : 9539O
Xtract Energy plc
27 September 2011



27 September 2011



AIM: XTR



XTRACT ENERGY PLC

("Xtract" or the "Company")



Operating update



Xtract Energy Plc confirms that Chevron expects the Noble Byron Welliver jack-up drilling rig to be on site at the P2 block in the Netherlands, over which Xtract has an overriding royalty interest, in October 2011 and intends to spud the first well (P2-10 appraisal well) in November 2011.



The P2-10 appraisal well will target an existing gas discovery on the P2 block (P2-7, with low levels of CO2) and one of the main objectives is to evaluate commercial hydrocarbon flow rates from an extended reach horizontal well within the Rotliegendes sandstone reservoir. Xtract has an overriding royalty arrangement of up to 5 per cent. of the sales value from Chevron's share of gas delivered into the Dutch National Transmission System and Chevron condensate delivered onshore.

Up 14.63% today

R Paraho Demo Plant nears completion, this bodes well for xtrs Julia Creek.

http://www.gladstoneobserver.com.au/story/2011/10/06/qer-has-good-oil-on-shale-new-fuels-development/

After the recent dissapointment on share price collapse, for the last week there is signs of wanting to bounce back
Positive buying today and level 2 is very encouraging on a 6 v 1 spread 1.10/1.20p and able to buy at this moment at 1.16p
and over for large size

As late delayed trades are reported the price move up on the offer
volume of 14M

Welcome aboard machoman. Good to have another investor posting.

http://www.couriermail.com.au/business/shale-oil-project-back-in-the-pipeline/story-e6freqmx-1226162478661

Good buying today

1.225p +0.05p

a few movements up today with good Level 2 of 2 v 1 and buyers paying close to offer price or full price for large trades

Looks like the selling has stopped , some good buying so far.

volume has gone to the roof to the point that share price went 1.45 / 1.50p.

since there was some selling and at the same time MMs decided to do a shake though at the time there was buying again at that moment.

Fingers crossed this is going to be a great share . Up 16%

Fallen back 10% up

Rumours abound that Walter Coal will be the subject of a takeover by Anglo American or BHP.

Good buying up 8.5%

Bloomberg

Walter Jumps on Report of Takeover by Anglo American, BHP
October 13, 2011, 6:06 PM EDT
inShare1Business Exchange E-mail Print More From Businessweek
Rios Iron Ore Output Rises 5%, Coal Mines Recover From Floods
Codelco Plans Anglo American Option After $6.75 Billion Loan
Cloud Peak Value Means Even Record Premium Is Cheap: Real M&A
Record Coal Price Risk Gaining on Australian Rain: Commodities
Rio Says Greece Risk Overdone, China Beats Wall of Worry
By Sonja Elmquist


(Updates with closing share price in second paragraph.)

Oct. 13 (Bloomberg) -- Walter Energy Inc., a U.S. producer of steelmaking coal, jumped 13 percent in New York after the U.K.s Independent reported that Anglo American Plc and BHP Billiton Ltd. may bid for the company.

The potential bidder may be advised by JPMorgan Chase & Co. and Goldman Sachs Group Inc., the London-based newspaper said, without citing anyone. Brazils Vale SA and Cia. Siderurgica Nacional SA may also may bid, the newspaper said. The shares rose to $75.22, the biggest gain in five weeks.

Walter investor Audley Capital Advisors LLP said in July that the Birmingham, Alabama-based company should explore a sale because it lacked the leadership to take advantage of an unprecedented market opportunity after coal prices jumped. Walter appointed Walter J. Scheller III as Chief Executive Officer on Sept. 12. He replaced interim CEO Joseph B. Leonard and followed Keith Calder, who resigned as CEO in June after telling the board he had differing opinions concerning management philosophy.

Demand from steelmakers in China and flood-related supply disruptions in Australia have driven prices for coal to record highs. Low-volatility coking coal traded at $270 a ton, Knoxville, Tennessee-based Energy Publishing said in a report last week.

Emily Blyth, a spokeswoman for London-based Anglo, declined to comment, as did Ruban Yogarajah, a spokesman for Melbourne- based BHP, and Paul Blalock, a spokesman for Walter.

Coal M&A

Vale doesnt respond to market rumors, an official at the companys press office who asked not to be named citing Vale policy, said in a telephone interview. No one at CSN returned calls and e-mails seeking comment.

Buying Walter could allow Anglo to replace assets it might lose in Chile, Dominic OKane, an analyst at Liberum Capital Ltd. in London, said today in a note. Chilean copper producer Codelco said yesterday it plans to exercise an option to buy as much as 49 percent of Anglos unit in the South American country.

There were $20.5 billion of takeover offers for coal miners valued at $100 million or more announced in the first nine months of 2011, compared with $10.4 billion in the year-earlier period, according to data compiled by Bloomberg.

Alpha Natural Resources Inc. bought rival U.S. coal producer Massey Energy Co. in June for $7.1 billion. Peabody Energy Corp. and ArcelorMittal agreed in August to pay A$4.8 billion ($4.9 billion) for Australias Macarthur Coal Ltd., which like Walter produces metallurgical coal.

Walter acquired Vancouver-based Western Coal Corp. in April for C$5.3 billion ($5.2 billion). Calder was the former CEO of Western Coal.

Walter operates mines in Alabama, West Virginia, British Columbia and Wales.

--With assistance from Firat Kayakiran and Jesse Riseborough in London and Peter Millard in Rio de Janeiro. Editors: Simon Casey, Tina Davis

To contact the reporter on this story: Sonja Elmquist in New York at selmquist1@bloomberg.net

To contact the editor responsible for this story: Simon Casey at scasey4@bloomberg.net

This must tick up more today, 500,000 just purchased

MMs are trying to make an ordely market and not to push it to fast up as there are sellers of the recent placing @ 1.25p

up 9.43% nice and slow

26 million v 4million

ANOTHER STRONG PERFORMANCE THIS MORNING

only 10am and already 17 Million share traded

Very strong day up 24.5%

http://www.proactiveinvestors.co.uk/companies/news/34442/mondays-most-followed-bowleven-desire-petroleum-rockhopper-exploration-g4s-xtract-energy-nautical-petroleum-34442.html

Another company with exposure to North Sea, Xtract Energy (LON:XTR), was one of the most actively discussed UK stocks on bulletin boards, owing to todays 30 percent jump in the share price to 1.88 pence, valuing the business at 28.4 million.

It was speculated that the company was due to release an update with some investors saying that many of the companys investments have the potential to cause a re-rating of Xtracts shares. Others said that the markets are starting to rate Xtract as an oil company and not merely an investment business.

Demand for shares in Xtract could be driven by excitement over Xtracts upcoming drilling campaign in the North Sea.

Back in September, Xtract said it would focus on its North Sea projects, where it plans to drill two wells in Denmark and the Netherlands in the final quarter of the year. The North Sea assets are held by Xtracts subsidiary Elko Energy.

Statoil bid $4.4 billion for Austin-based Brigham Exploration (NasdaqGS: BEXP - news) Shale is starting to get a lot of interest by the big boys.

REACHED EARLIER 2.025P

so far volume of 16m at 9.30am so it looks like we will beat yesterday's of 17m by 10 am

this one keeps coming up on my radar - think i might be a bit late to join the party here!!!

No your not gibby. This could be very big in time.

after almost all buying during 1 1/2 hours and 7M buys, finally have moved up at both sides
Most likley there was a seller and will be a large delayed trade later

---------------
spread 1.95 / 1.98

level 2 of 1 v 2

The volume is not the same as the last past days and MMs are reluctant to move the price higher today, so after such a large rise I decided to take profits at this price, I was in from 1.13p so a 73% return on 8 days or 6 trading days is good enough for me.

The share price has gone well over the Higher Bollinger BAND ( considered as selling sign ) also the Indicator RSI is at overbought

very well done so far as the price has fallen to 1.75 / 1.80p

so buyers are moving in again

Kept mine, big recovery at the end of the trade day, lets hope for 2p soon.

Text book tree shake

1:16 pm by Sergei Balashov

http://www.proactiveinvestors.co.uk/companies/news/34549/wednesday



Investors following Niche noted that another company with oil and gas assets in Turkey, Xtract Energy (LON:XTR), has shot up from 1.25 pence to nearly 2 pence over the past few days.

dreamcatcher
re - Text book tree shake

Do not kid yourself, anything with large rise on a week or so, has its retracement days, and now is still going on.

Everyone has its own strategies naturally but nowdays with a market so volatile and economy in such a disarray, any decent profit one has to take it, there will be more oportunities to buy it cheaper on the very near future.

Everything I said yesterday is coming into reality now, do not forget that those that wanted to get in at higher prices and now buying so can bounce back a bit but the trend is now down short term, till makes full RETRACEMENT, the best is 67.8% and could bounce back after 50%.


Good luck as you said (kept mine ) I most likely will buy again so look for this space if you think like many of my followers my "TIMING" is pretty good. ( kidding )

Niche ( NGP ) is doing well again today, bought some as the volume was rising on the 7th @ 2.475p but it was down the next day, but now rising with volume so looks right, but is also very volatile so soon will be right for profit taking at this rate.

Good advice mm, Very difficult for me when I work to trade them. Did not aim to say you had done the wrong thing. I would sell them and news would come through while at work and not get back in. Lets hope this becomes a very good share to have.
Good luck mm.

Put back yesterdays drop, steady buying.

holding the 11% rise

Xtract Energy plc - Drawdown on Equity Line RNS
RNS Number : 2987R
Xtract Energy plc
02 November 2011



XTRACT ENERGY PLC



("Xtract" or the "Company")



Drawdown on Equity Line



Xtract Energy announces that it has drawn down 300,000 (before expenses) on its Standby Equity Distribution Agreement ("SEDA") with YA Global Master SPV Ltd ("Yorkville"). This draw down has been undertaken at a price of 1.7p per share and will result in the issue of 17,647,059 ordinary shares of 0.1p each in the Company (the "SEDA Ordinary Shares") to Yorkville. This funding will be used as future working capital for the Company.



Application will be made for the New Ordinary Shares to be admitted to AIM and dealings are expected to commence on 7 November 2011. The New Ordinary Shares will rank pari passu with the Company's existing issued ordinary shares.



Peter Moir, Chief Executive Officer, commented:

"This draw down has been made at a 36 per cent. premium to the placing price of early September. It is encouraging that investors realise the potential future growth in the Company."



For the purposes of the Financial Services Authority's Disclosure and Transparency Rules, the Company notifies the market that, following the issue of the 17,647,059 Ordinary Shares the total Ordinary Shares in the Company in issue will be 1,532,857,428. The Company does not hold any Ordinary Shares in Treasury.



The above figure of 1,532,857,428 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.

ready to move higher after the retracement, as level 2 is improving

There was no chance of buying above NMS 100K online before it moved up, though there was 2 MMs at offer 1.75p.

I had to buy in two lots and trough the brokers

Marrocan Oil shale

"Oil-shale deposits have been identified at ten localities in Morocco, the most important of which are Upper Cretaceous marinites, not unlike those of Egypt, Israel, and Jordan. The two deposits that have been explored most extensively are the Timahdit and the Tarfaya deposits; about 69,000 analyses have been made of samples from 157 boreholes totaling 34,632 m in length and from 800 m of mine workings.

The Timahdit deposit, located about 250 km southeast of Rabat, underlies an area about 70 km long and 4 to10 km wide within a northeast-trending syncline. The thickness of the oil shale ranges from 80 to 170 m. The moisture content ranges from 6 to 11 percent, and the sulfur content averages 2 percent. Total oil-shale reserves are estimated at 18 billion tons within an area of 196 km2; oil yields range from 20 to 100 l/t and average 70 l/t.

The Tarfaya deposit is located in the southwesternmost part of Morocco, near the border with Western Sahara. The oil shale averages 22 m in thickness and its grade averages 62 l/t. The total oil-shale resource is estimated at 86 billion tons within a 2,000-km2 area. The moisture content of the Tarfaya oil shale averages 20 percent and the sulfur content averages about 2 percent.

Phosphate rock and uranium are also associated with the Cretaceous marinites. One drill core (location uncertain) revealed a maximum P2O5 content of about 17 percent and U308 concentrations of as much as about 150 ppm.

In the 1980s several energy companies from North America and Europe conducted exploratory drilling and experimental mining and processing of Moroccan oil shale, but no shale oil was produced (Bouchta, 1984; Office National de Recherches et D'exploitation Petrolieres, 1983?)."

Source http://geology.com/usgs/oil-shale/morocco-oil-shale.shtml

strong start this morning

only 1 MM left at 1.85p offer 2 at bid 1.80p

a few 250K or around this number on the ticker

it looks like punters could be moving out of TOM and into this stock, also with shale oil

now 1.90 / 195p +0.175p

At this rate is moving into a BREAKOUT soon as the volume is growing fast and almost all was during the last hour

spread 1.95 / 2p +0.225p

Holding above the 2p for some time now

level 2 of 4 v 1
the only one at offer must have a seller, there is a large sell from time to time giving 2.01p for the sell
buyers paying 2.024p

on a very narrow spread 2 / 2.03p

Good posts machoman, good rise today.

       BREAKOUT

2.10 / 2.20p +0.16p

Close to intraday breakout yesterday with volume today has gone through also with volume

Nice delayed 6,000000 buy someone has confidence.


DateTimeTrade PrcVolumeBuy/SellBidAskValue (approx)
9-Nov-1108:12:102.006,000,000Buy* 1.801.90120.00kTrade Type:
Overnight trade

11-Nov-1116:28:251.8214,267Sell* 1.801.90259.66Trade Type:

11-Nov-1116:28:121.82100,000Sell* 1.801.851,820Trade Type:
Bargain Conditions apply

11-Nov-1116:22:261.82200,000Sell* 1.801.853,640Trade Type:

11-Nov-1116:20:201.82177,712Sell* 1.801.853,234Trade Type:

11-Nov-1116:09:121.82200,000Sell* 1.801.853,640Trade Type:

11-Nov-1116:04:511.82250,000Sell* 1.801.854,550Trade Type:

11-Nov-1115:41:141.84100,000Buy* 1.801.851,840Trade Type:

11-Nov-1115:40:191.8475,859Buy* 1.801.851,396Trade Type:

11-Nov-1115:33:401.82111,967Sell* 1.801.852,038Trade Type:

11-Nov-1115:19:151.8450,000Buy* 1.801.85920.00Trade Type:

11-Nov-1115:17:541.844,755Buy* 1.801.8587.49Trade Type:

11-Nov-1115:13:511.8298,008Sell* 1.801.851,784Trade Type:

must be near spud news, 11% up.

Thursday 24 November, 2011Xtract Energy plc
Operational Update
RNS Number : 6803S
Xtract Energy plc
24 November 2011



24th November 2011



AIM: XTR



XTRACT ENERGY PLC

("Xtract" or the "Company")



Operational Update



Xtract Energy PLC is pleased to announce the following operational update ahead of drilling in the Netherlands and Denmark.



Netherlands



As previously announced Chevron intends to drill the P2-10 well on the P2 block using the 'Noble Byron Welliver' jack up drilling rig. The P2-10 appraisal well targets an existing gas discovery on the P2 block and one of the main objectives is to evaluate commercial hydrocarbon flow rates from an extended reach horizontal well within the Rotliegendes sandstone reservoir. Xtract has an overriding royalty arrangement of up to 5 per cent of sales value from Chevron and TAQA's share of gas delivered into the Dutch National Transmission System and condensate delivered onshore.



Chevron have advised that the Noble Byron Welliver has completed its current work program in the northern offshore sector of the Dutch North Sea waters and is now being prepared for towing to the P2-10 drilling location. The rig move requires a suitable weather window to undertake the tow and the exact date for the move to location and subsequent positioning for drilling operations has not been confirmed. Chevron would like to complete the rig move as soon as conditions allow. Based on the available information, it is anticipated that the P2-10 appraisal well will be spud around the start of December 2011. The well program is expected to take up to 100 days.



Denmark



As previously announced, Noreco intends to drill the Luna well on the 01/11 license using the Maersk Resolve jack up drilling rig. The Luna well will be drilled to a depth of 2,250 metres with a reservoir sandstone thickness prognosis of ca. 90m. The Luna prospect is targeting between 35mmbbls - 153mmbbls net resources to Xtract.



The Luna prospect is located in a small half graben with the pinch out edge to the south east of the structure. The Rotliegendes reservoir is thought to have a high probability of being present at this location based on the seismic interpretation. Uncertainty still exists however on which seismic event represents the top reservoir and where the pinch out occurs. In addition to the uncertainty on the pinch out position, there is a possibility that the Rotliegendes does not, in fact, pinch out but continues up dip into Lead A. It is therefore possible that Luna and Lead A are connected and represent one feature. The current well location which targets the Luna prospect was picked in order to maximize the information gathered by the well and is designed to address this uncertainty. The Luna well intends to test the overall Rotliegendes play concept.



A full description of the prospectivity of the Danish licenses 1/11 and 2/05 can be found within the Xtract Energy plc AIM Admission Document dated 26th August 2011 which can be located on the Xtract website www.xtractenergy.co.uk.. A copy of the presentation given to shareholders at the General Meeting of 12th September 2011 can also be located on the Xtract website.



The Maersk Resolve is currently drilling on contract to Maersk Oil and Gas in Denmark a short mobilisation distance from the Luna prospect location. Noreco has advised that the Maersk Resolve is now anticipated to be released by Maersk Oil & Gas on 28th December 2011. The rig move will require a suitable weather window to undertake the short tow to the Luna location and subsequent positioning for drilling operations. The move is therefore dependent on weather conditions prevailing during the later part of December. Based on the available information it is anticipated that the Luna exploration well will spud on 30th December 2011. The Luna drilling program is expected to take approximately one month in duration.



Qualified Person



In accordance with AIM Guidelines, Peter Moir, B.Sc. Civil Engineering, M.Eng. Petroleum Engineering, UK Chartered Engineer, President of Elko Energy Inc. and CEO of Xtract Energy plc is the qualified person as defined in the Guidance Notes for Mining, Oil and Gas Companies, February 2010, of the London Stock Exchange, that has reviewed the technical information contained in this press release. Mr Moir has more than 30 years experience in technical, operational and commercial aspects of the E&P business.

Xtract Energy to kick off Dutch drilling
By Fiona Bond | Thu, 24/11/2011 - 10:38

Xtract Energy (XTR) expects drilling operations at the P2-10 appraisal well in the Netherlands to kick off at the start of next month, it confirmed on Thursday.

In an operations update, the AIM-listed company said Chevron has advised that the drilling rig has completed its current work programme in the northern offshore sector of the Dutch North Sea waters and is now being prepared for towing to the P2-10 drilling location.

The well will target an existing gas discovery on the P2 block and one of the main objectives is to evaluate commercial hydrocarbon flow rates from an extended reach horizontal well within the Rotliegendes sandstone reservoir.

Through its wholly-owned subsidiary, Xstract has an overriding royalty arrangement of up to 5% of sales value from Chevron and TAQA's share of gas delivered into the Dutch National Transmission System and condensate delivered onshore.

Xtract also told investors that Elko's Luna exploration well on the Danish 01/11 licence is scheduled to spud on 30 December.

Elko, a wholly-owned subsidiary of Xtract, said the well will be drilled to a total depth of 2,250 metres and intends to test the overall Rotliegendes play concept.

It is targeting between 35 million and 153 million barrels net resources to Xtract.

Good day up 9.46%

http://www.noreco.com/en/Our-business/Exploration/DK-0111-Luna/

Operational Update
RNS
RNS Number : 8198T
Xtract Energy plc
13 December 2011



13th December 2011



AIM: XTR



XTRACT ENERGY PLC

("Xtract" or the "Company")



Operational Update



Xtract Energy PLC is pleased to announce the following operational update ahead of drilling in the Netherlands and Denmark.



Netherlands



As previously announced Chevron intends to drill the P2-10 well on the P2 block using the 'Noble Byron Welliver' jack up drilling rig. The P2-10 appraisal well targets an existing gas discovery on the P2 block and one of the main objectives is to evaluate commercial hydrocarbon flow rates from an extended reach horizontal well within the Rotliegendes sandstone reservoir. Xtract has an overriding royalty arrangement of up to 5 per cent of sales value from Chevron and TAQA's share of gas delivered into the Dutch National Transmission System and condensate delivered onshore.



As previously announced by Xtract on 24th November 2011, Chevron have advised that the Noble Byron Welliver has completed its current work program in the northern offshore sector of the Dutch North Sea waters and is now being prepared for towing to the P2-10 drilling location. The rig move requires a suitable weather window to undertake the tow and unfortunately that weather window has not yet occurred. The exact date for the move to location and subsequent positioning for drilling operations has not been confirmed. Chevron would like to complete the rig move as soon as conditions allow and Xtract understands that there are no other reasons for the delay. Xtract will update the market once it has been advised by Chevron that the well has spudded. The well program is expected to take up to 100 days.



Denmark



As previously announced, Noreco intends to drill the Luna well on the 01/11 license using the Maersk Resolve jack up drilling rig. The Luna well will be drilled to a depth of 2,250 metres with a reservoir sandstone thickness prognosis of ca. 90m. The Luna prospect is targeting between 35mmbbls - 153mmbbls net resources to Xtract.



The Luna prospect is located in a small half graben with the pinch out edge to the south east of the structure. The Rotliegendes reservoir is thought to have a high probability of being present at this location based on the seismic interpretation. Uncertainty still exists however on which seismic event represents the top reservoir and where the pinch out occurs. In addition to the uncertainty on the pinch out position, there is a possibility that the Rotliegendes does not, in fact, pinch out but continues up dip into Lead A. It is therefore possible that Luna and Lead A are connected and represent one feature. The current well location which targets the Luna prospect was picked in order to maximize the information gathered by the well and is designed to address this uncertainty. The Luna well intends to test the overall Rotliegendes play concept.



A full description of the prospectivity of the Danish licenses 1/11 and 2/05 can be found within the Xtract Energy plc AIM Admission Document dated 26th August 2011 which can be located on the Xtract website www.xtractenergy.co.uk. A copy of the presentation given to shareholders at the General Meeting of 12th September 2011 can also be located on the Xtract website.



As previously announced by Xtract on 24th November 2011, the Maersk Resolve is currently drilling on contract to Maersk Oil and Gas in Denmark. The Maersk Resolve is currently located approximately 70 km from the Noble Byron Welliver and as such is experiencing similar weather conditions. The Maersk Resolve has been undertaking a series of well stimulation activities and this requires the attendance and connection of a specialist stimulation vessel. Given the recent weather conditions this has impacted and delayed this activity.



The rig move will require a suitable weather window to undertake the short tow to the Luna location and subsequent positioning for drilling operations. The move is therefore dependent on weather conditions prevailing at the time of the rig release by Maersk. Xtract will update once it has been advised by Noreco that the well has spudded. The Luna drilling program is expected to take approximately one month in duration.



Peter Moir, Chief Executive of Xtract Energy, commented:

"Whilst it is frustrating that the P2-10 well has not yet spudded, "waiting on weather" is a very normal occurance in the North Sea, particularly during winter months. I am confident that both processes are on track, and look forward to updating the market in due course."



Qualified Person



In accordance with AIM Guidelines, Peter Moir, B.Sc. Civil Engineering, M.Eng. Petroleum Engineering, UK Chartered Engineer, President of Elko Energy Inc. and CEO of Xtract Energy plc is the qualified person as defined in the Guidance Notes for Mining, Oil and Gas Companies, February 2010, of the London Stock Exchange, that has reviewed the technical information contained in this press release. Mr Moir has more than 30 years experience in technical, operational and commercial aspects of the E&P business.

Thinking of getting into xtr... will do some research...is there any broker's notes, write ups, recommendations on xtr available ?

I've some spare funds free in a couple of days and deciding if to go with XTR, SAC or MONI.

Any advice would be greatly appreciated.

This may be useful skyhigh, there is a lot of info on the company site and latest news.



http://www.xtractenergy.co.uk/news/

Company fundamentals



http://www.iii.co.uk/investment/detail?code=cotn:XTR.L&display=fundamentals&it=le

Keeping my holding long term to see if the Julia Creek shale project gets the go ahead. The company is waiting on a independent report any day soon.

This is why XTR is waiting for a good weather window to tow the rig in position for spud. Just hope not many lives have been lost. A very dangerous operation.


http://www.bbc.co.uk/news/world-europe-16235095

http://www.moneyam.com/action/news/showArticle?id=4278590

Noble Byron Welliver on the move, weather must have calmed.

http://www.rigzone.com/data/rig_detail.asp?rig_id=492

http://uk.stoxline.com/q_uk.php?s=xtr

News soon on spudding, up 9%



">

Something has leaked for the sudden buying. Rigzone states the rig is drilling,await the news. Good weather friday and saturday, so must be close.

http://www.rigzone.com/data/rig_detail.asp?rig_id=492

Been a long wait, roll on the news.

Looking good

up 13.5%

Strange sell off. Gone from 7% up to -2%

Operational Update
RNS
RNS Number : 3612V
Xtract Energy plc
11 January 2012



11th January 2012



AIM: XTR



XTRACT ENERGY PLC

("Xtract" or the "Company")



Operational Update



Xtract Energy PLC is pleased to announce the following operational update ahead of drilling in the Netherlands and Denmark.



Netherlands



Xtract has recently been advised by Chevron that the Noble Byron Welliver is now on site at the P2-10 drilling location and the well has spudded. The rig move was delayed due to the weather conditions that prevailed throughout December 2011. The well program is expected to take up to 100 days.



The P2-10 appraisal well targets an existing gas discovery on the P2 block and one of the main objectives is to evaluate commercial hydrocarbon flow rates from an extended reach horizontal well within the Rotliegendes sandstone reservoir. Xtract has an overriding royalty arrangement of up to 5 per cent of sales value from Chevron and TAQA's share of gas delivered into the Dutch National Transmission System and condensate delivered onshore.



Denmark



As previously announced by Xtract, the Maersk Resolve is currently drilling on contract to Maersk Oil and Gas in Denmark. The Maersk Resolve has experienced similar weather conditions as the Byron Welliver over the last few weeks which has impacted their well activities. Noreco has advised that the revised release date by Maersk Oil and Gas of the Maersk Resolve drilling rig is 26th January 2012.



The rig move will require a suitable weather window to undertake the short tow to the Luna location and subsequent positioning for drilling operations. The move is therefore dependent on weather conditions prevailing at the time of the rig release by Maersk. Xtract will provide a further update once it has been advised by Noreco that the well has spudded. The Luna drilling program is expected to take approximately one month in duration.



Peter Moir, Chief Executive of Xtract Energy, commented:

"Despite the bad weather conditions in the North Sea over the last few weeks it is pleasing to know that the Noble Byron Welliver is now safely jacked up at the P2-10 well location and that drilling operations have commenced. We look forward to updating shareholders on progress in due course."



Qualified Person



In accordance with AIM Guidelines, Peter Moir, B.Sc. Civil Engineering, M.Eng. Petroleum Engineering, UK Chartered Engineer and CEO of Xtract Energy plc is the qualified person as defined in the Guidance Notes for Mining, Oil and Gas Companies, February 2010, of the London Stock Exchange, that has reviewed the technical information contained in this press release. Mr Moir has more than 30 years experience in technical, operational and commercial aspects of the E&P business.

Xtract confirms rig move after bad weather
StockMarketWire.com
Xtract Energy has recently been advised by Chevron that the Noble Byron Welliver is now on site at the P2-10 drilling location and the well has spudded.

The rig move was delayed due to the weather conditions that prevailed throughout December 2011. The well program is expected to take up to 100 days.

In Denmark, the Maersk Resolve has experienced similar weather conditions as the Byron Welliver over the last few weeks which has impacted their well activities. Noreco has advised that the revised release date by Maersk Oil and Gas of the Maersk Resolve drilling rig is 26th January 2012.

Peter Moir, Chief Executive of Xtract Energy, commented: "Despite the bad weather conditions in the North Sea over the last few weeks it is pleasing to know that the Noble Byron Welliver is now safely jacked up at the P2-10 well location and that drilling operations have commenced. We look forward to updating shareholders on progress in due course."

Xtract spuds Dutch well after weather-related delay
By Sarah Modlock | Wed, 11/01/2012 - 11:53

AIM-listed Xtract Energy (XTR) saw its shares dip on Wednesday as it updated investors on the latest activity at its P2-10 appraisal well in the Netherlands.

Following a delay in moving the rig because of bad weather, Xtract said it had been advised by Chevron (CVX) that the Noble Byron Welliver is now on site at the drilling location and the well has spudded. The programme is expected to take up to 100 days.

The well will target an existing gas discovery on the P2 block and one of the main objectives is to evaluate commercial hydrocarbon flow rates from an extended-reach horizontal well within the Rotliegendes sandstone reservoir.

Through its wholly-owned subsidiary, Xtract has an overriding royalty arrangement of up to 5% of sales value from Chevron and TAQA's share of gas delivered into the Dutch National Transmission System and condensate delivered onshore.

Meanwhile, in Denmark, the Maersk Resolve has experienced similar weather conditions as the Byron Welliver over the last few weeks, which has impacted its well activities. Noreco has advised that the revised release date by Maersk Oil and Gas of the Maersk Resolve drilling rig is 26 January.

"Despite the bad weather conditions in the North Sea over the last few weeks it is pleasing to know that the Noble Byron Welliver is now safely jacked up at the P2-10 well location and that drilling operations have commenced," commented Xtract’s chief executive Peter Moir

http://www.heraldsun.com.au/business/woodside-revenue-surges-on-back-of-strong-oil-price/story-fn7j19iv-1226248793427Shale News Down Under



Thanks to WCT275 6





Australia set to cash in on shale surge

AUSTRALIA is poised to cash in on booming global prices for shale oil and gas assets, according to new research.

Surging prices for assets in the US are turning companies with deposits elsewhere into targets, experts say, and Australia is likely to be a key beneficiary.

Shale properties owned by Adelaide-based Beach Energy can be bought for less than $170 a hectare, according to Bloomberg and financial services group DNB Markets.

By comparison, shale assets in Texas sold at $10,100 a hectare this year and a holding in Ohio and Pennsylvania changed hands at $6000 last month.

Energy companies are pursuing unconventional assets after Brent oil futures prices rose last year.

Mark Carnegie, former head of Lazard's Australian private equity business, said: "This could be the next big thing."

-BLOOMBERG

sp on the move, Luna spud next week ? and still waiting the J. creek shale update.

The rig should have been released around the 26th Jan, should be some news next week.




Denmark

As previously announced by Xtract, the Maersk Resolve is currently drilling on contract to Maersk Oil and Gas in Denmark. The Maersk Resolve (350' ILC) has experienced similar weather conditions as the Byron Welliver over the last few weeks which has impacted their well activities. Noreco has advised that the revised release date by Maersk Oil and Gas of the Maersk Resolve drilling rig is January 26, 2012.

The rig move will require a suitable weather window to undertake the short tow to the Luna location and subsequent positioning for drilling operations. The move is therefore dependent on weather conditions prevailing at the time of the rig release by Maersk. Xtract will provide a further update once it has been advised by Noreco that the well has spudded. The Luna drilling program is expected to take approximately one month in duration.

A short write up for any new investor looking at Xtract energy, thanks to tip top.



The important aspect of the Netherlands drill is they have already had five confirmed discoveries on these blocks. This hugely reduces the risk and hence the COS for further drilling of 40-70%, a near cert in the oil world. There is anything from 300-750bcf up for grabs if this play can be proved up. Xtract hold a 5% overriding royalty, which is a great deal as Chevron pay all the bills and harbour all risk while Xtract have access to 5% of the pure profit. XTR would not have the capacity to drill this acreage on its own so to be tied to a major like Chevron is an exceptional deal. This drill will not make you rich over night but it does provide the company with a huge underpin and promises positive cash flow for years to come. Chevron have spudded this well and are currently drilling ahead.

If you are looking for vast returns on your money then the Danish drill, which Xtract (33%) are partnered with Noreco (47%), will provide that upside. The risks are obviously greater but if they can prove up this acerage then we could be looking at resources of 1 billion boe for that play. That would provide Xtract access to circa 300m boe and be a company changer. The Maersk Resolve is currently ready to tow to the drill site to begin the drilling of this very exciting well. With such huge upside this drill will attract massive attention from the oil industry, providing Xtract with some kudos amongst investors and II's alike. This drill only has a duration of approx 1 month so not long to wait, assuming all goes to plan. So investors will begin taking strong positions in this company over the coming weeks.

Xtract are also awaiting a report from Worley Parsons on the best way in which to exploit their 2.2 billion barrel jorc acreage at Julia creek. Very EXCITING weeks ahead!

Looks like the Luna spud is not far away now.


http://www.foga.dk/en/tekster/noreco

Good purchasing pre Luna spud RNS.

Looks like the seller has gone. Should be a good day.

Operational Update
RNS
RNS Number : 2640X
Xtract Energy plc
13 February 2012



13th February 2012



AIM: XTR



XTRACT ENERGY PLC

("Xtract" or the "Company")



Operational Update



Xtract Energy PLC is pleased to announce the following operational update.





Denmark



The Maersk Resolve drilling rig has arrived at the Luna location, jacked up out of the water and made ready for drilling operations. Noreco has advised that the well was spudded on Sunday 12th February.



The Luna well will be drilled to a depth of 2,250 metres with a reservoir sandstone thickness prognosis of c. 90m. The Luna prospect is targeting between 35mmbbls - 153mmbbls net resources to Xtract. The Luna drilling program is expected to take approximately one month.



The Luna prospect is located in a small half graben with the pinch out edge to the south east of the structure. The Rotliegendes reservoir is thought to have a high probability of being present at this location based on the seismic interpretation. Uncertainty still exists however on which seismic event represents the top reservoir and where the pinch out occurs. In addition to the uncertainty on the pinch out position, there is a possibility that the Rotliegendes does not, in fact, pinch out but continues up dip into Lead A. It is therefore possible that Luna and Lead A are connected and represent one feature. The current well location which targets the Luna prospect was picked in order to maximize the information gathered by the well and is designed to address this uncertainty. The Luna well intends to test the overall Rotliegendes play concept.



A full description of the prospectivity of the Danish licenses 1/11 and 2/05 can be found within the Xtract Energy plc AIM Admission Document dated 26th August 2011 which can be located on the Xtract website www.xtractenergy.co.uk.





Oil Shale



Xtract previously announced that it had contracted Worley Parsons to provide a technical study on the various technologies which are being used or developed around the world to extract hydrocarbons from oil shale, as applicable for the exploitation of the Julia Creek tenements in Queensland, Australia and other oil shale resources. Worley Parsons is an Australian based company and is a leading provider of professional services to resource and energy sector companies and complex process industries



Xtract is now in receipt of the study and is reviewing the results. The study will assist Xtract to review the commercial options available for the exploitation of it's oil shale resources, to make such developments attractive to potential commercial partners, as well as creating a bankable project.





Peter Moir, Chief Executive of Xtract Energy, commented:

"We are pleased that the Maersk Resolve is now on location and it is exciting that drilling has commenced at Luna. We look forward to updating shareholders on progress in due course."



Qualified Person



In accordance with AIM Guidelines, Peter Moir, B.Sc. Civil Engineering, M.Eng. Petroleum Engineering, UK Chartered Engineer and CEO of Xtract Energy plc is the qualified person as defined in the Guidance Notes for Mining, Oil and Gas Companies, February 2010, of the London Stock Exchange, that has reviewed the technical information contained in this press release. Mr Moir has more than 30 years experience in technical, operational and commercial aspects of the E&P business.

Heavy selling, again rns then selling.

I wanted to have a look at the chances of success for the drill and see cold comfort 6 on ii has saved me the job -





Some decent volume today, as you might expect - but a fairly static share price. It will be interesting to see what happens over the next month as LUNA approaches target depth - volatility is probably the only thing we can predict with any certainty.

The "28% chance of strong technical success" predictions by TRACS are well worth a look for anyone who hasn't read them. See
http://tinyurl.com/TRACSDENMARK

Interestingly TRACS assess the key risk as charge. Whereas Noreco assess the key risk as Trap and put the chance of success some 40% higher than TRACS. I've stated my speculation before - but it might be worth restating, Noreco's drilling success rates suggest they may be using seabed sniffing tech to verify prospects. If they had used such tech before farming into this prospect it would explain why they have a higher chance of success and more specifically, why they put trap as the key risk. It is also worth noting that TRACS were instructed by Elko not Noreco and so would not have had access to any such data. It is, of course, purely speculation, but if Noreco are correct then it would mean that the chance of strong technical success could be as high as 42%. Given the prize at stake, that's phenomenally high, but remember it would mean 58% chance of weak technical success or failure. So it would be rather pleasant to de-risk the drill with some good news from Chevron...

I would love to think that we'll get some news out of Chevron prior to the 100 days production test - even if it's just to confirm they have gas shows and will commence production testing. If they do announce that, it could happen soon, because they've been drilling now for a decent length of time. But there's a decent chance Chevron won't make any announcements until they've completed the production test - in which case we could be waiting 'til April. Keen to hear any views.

Then there's Julia Creek. Anna Bligh has committed to the 24th march so not long to wait now for the state elections. I still think we'll hear nothing on Julia Creek until after the elections, but I'm hopeful that things could move quite quickly if the LNP win. And they still look set to win - an online poll by "the australian" shows 87% of readers expect the LNP to win.
http://www.theaustralian.com.au/national-affairs/elections/state/qld-election-2012
So I'm looking forward to an early announcement that Xtr is actively seeking an investment partner etc.

Re the other legs - Turkey (and Candarli Bay) and Zhibek - I'm not hopeful of any news in the next few months, so focus will be hugely on Noreco and Chevron.

The combined odds are in Xtr's favour - but anything can happen. The only thing for certain is that days like today - with high volume but low price volatility, will become increasingly rare as Luna approaches target depth...

good luck all
cc
anks to cold comfort -

Cenkos is a fan of Xtract Energy, 0.02p dearer at 2.28p. Analyst Ashley Kelty’s target price is 6p for a company which has been transformed from an investment concern into an operating company concentrating on exploration in the Netherlands.
It has just commenced drilling of a high impact exploration well offshore Denmark which could prove transformational in the event of success.
It is debt free and has a strong balance sheet.


Read more: http://www.thisismoney.co.uk/money/markets/article-2100615/MARKET-REPORT-Six-profit-warnings-year-leaves-Carpetrights-share-price-threadbare.html#ixzz1mIrZLthb

http://www.derrickpetroleum.com/2012/02/14/xtract-energy-review-options-for-julia-creek-oil-shale-project/

2.075p ( 2.05 / 2.10p )

Moving higher on a strong level 2 of 2 v 1 and not able to buy online on size on the small spread
edit - now 3 at bid

spread 2.05 / 2.15p +0.075p

Have for some time trying to move higher but sellers have come as the price appreciated, now is trying to move up again

gone up on the offer and strong on the bid side

level 2 of 5 v 2

Just now someone paid 2.24p for 354K a very large premium for a very large trade

NMS is 100K

http://www.moneyam.com/action/news/showArticle?id=4319652

http://hugin.info/138447/R/1589828/499354.pdf

Lets hope for some news next week, sp not risen pre the two drill results.

news well over due now. 50/50 I would guess

Wait and see for the drill result. Up 11% . Still 50?50

Operational Update
RNS
RNS Number : 5374Z
Xtract Energy plc
16 March 2012



16th March 2012



AIM: XTR



XTRACT ENERGY PLC

("Xtract" or the "Company")



Operational Update



Xtract Energy PLC makes the following operational update.





Denmark



Drilling of the Luna prospect on the 01/11 license is about to be completed.



The Luna well objective was to test the overall Rotliegendes play concept over licences 01/11 and 02/05. The Luna well location was picked in order to maximize the information gathered by the well and was designed to address a number of play uncertainties. The Luna well did not encounter hydrocarbons. The extensive new data obtained from drilling the Luna well will be analysed and integrated into the overall Rotliegendes play model covering the two licence areas.



Xtract has a 33 percent interest in licence 01/11, through it's wholly owned subsidiary Elko Energy A/S. Noreco is the operator for the licence with Danish North Sea Fund as the other partner.





Qualified Person



In accordance with AIM Guidelines, Peter Moir, B.Sc. Civil Engineering, M.Eng. Petroleum Engineering, UK Chartered Engineer, President of Elko Energy Inc. and CEO of Xtract Energy plc is the qualified person as defined in the Guidance Notes for Mining, Oil and Gas Companies, February 2010, of the London Stock Exchange, that has reviewed the technical information contained in this press release. Mr Moir has more than 30 years experience in technical, operational and commercial aspects of the E&P business.

duster sp down 30%+

I think investors can gather that from above

mitzy are you in this heap of s*** too.....

Signs of life....?

Things have been happening for the last few weeks :

Jan Nelson appointed CEO last wek, preluding to changes on the direction of the company

Soon an IPO at GOS, were XTR have a stake ( Julia Creek ).

Rising with some large trades, volume reaches 23 millions

They've managed to attract some pretty impressive people to the board with a sound track record. That wouldnt happen without a reason.

With Global and Chevron in the background a complete reshuffle and diveristy to portfolio, this is going places. All looking very positive

Fingers crossed - it's been a long, slow and tortuous journey Southwards over the years.

They have a plan once they get rid of the bulk of Julia Creek..too messy that stuff. Let them tell us!

With JLP RNS today, is the 'plan' for XTR to take on some of PLA's licences in SA?
XTR say they are moving away from the oil business to becomes a resources-based outfit. Colin Bird and his African expertise would make it a strong possibility in my mind. XTR re-launched/re-nranded, with new management, as a SA mining co!?

The last couple days the shares are moving up and down but the chart is showing there is support at 0.21p, were buyers are nibbling at this prices.

Today on a very down market the shares are now up

Things are going on the right direction today, 2 MMs already went up on the bid side with 0.22p



money am, maybe do not like charts from other places but accuracy is paramount, not 0.23p on 4 day chart, not 0.24p on 1 month chart but 0.235p on the intraday is right

And today the stock has gone places 0.31p, one of the top 3 risers

Xtract Resources embarks on new venture in Chile

Xtract Resources has signed a Heads of Agreement ('HOA') to enter into a proposed joint venture ('JV') with Polar Star Mining Corporation on the Mejillones Phosphate and Uranium Property in Chile.

Upon completion of certain technical work and capital expenditure from existing cash resources, Xtract will have the right to earn-in up to 75% of the Property, which covers approximately 16,400 hectares, with the potential to buy the remaining 25% stake from Polar Star.

This transaction marks the first step to of a new strategy adopted by the Board to invest in resource assets with near-term production capability and significant growth potential.

Focus will be on assets which are relatively straightforward to evaluate with low entry cost and located in more favorable mining jurisdictions

Jan Nelson, CEO of Xtract commented that; "In line with Xtract's new strategy, the Board has chosen to invest in resource assets near or at surface, on the low end of the cash cost curve that can be brought into production in less than 24 months to realise cash-flow and yield significant upside potential.

"The Property provides us with such an opportunity without any initial dilution to shareholders. We have assembled a small but very strong technical team to define the economic potential of the deposit."

with prices likely to go down the pan doesn't seem a very good decision.

Some fools not holding posting nonesence as usual, I have seen this above on other places.

large volume and share price moving accordingly

Volume and rising today after being lower recently
the support line gets higher all the time

A RNS earlier on ......

Xtract Resources plc MoU on Gold & Copper Project in Chile

Exclusive Agreement to conduct due diligence and option to acquire 100% of the Chépica Gold and Copper Mine together with 100% of Mejillones Phosphate Property in Chile
Xtract Resources Plc (AIM: XTR) has signed a Memorandum of Understanding ('MOU') with Polar Star Mining Corporation ('Polar Star') which provides an exclusive four month period for further due diligence and an option to acquire Minera Polar (the 'Project'), which has an earn-in agreement on the Chépica gold and copper mine and the Mejillones Phosphate project in Chile.

Summary
-- Xtract has agreed to pay Polar Star US$250,000 which provides an exclusive four month option to conduct due diligence on Chépica ("Exclusivity fee").
-- Polar Star, via a 100% owned Barbados subsidiary, owns 100% of the Chilean company Minera Polar, which in turn has an earn-in agreement on Chépica, a gold and copper producing mine ('Chépica'), located 300km south of Santiago, Chile.
-- Polar Star, via a 100% owned Barbados subsidiary, Polar Star (Barbados) Limited, also owns 100% of the Mejillones Phosphate project ('Mejillones'), located near the city of Antofagasta in Northern Chile.
-- Chépica is an operating gold and copper mine with good cash flow potential. --

Mejillones is a phosphate development project covering 15,800 hectares with initial technical reports indicating the potential to delineate 60 to 200Mt of phosphate upgradeable to over 25% P205.
-- Should the Company elect to enter into a definitive agreement for the acquisition of Chépica from Polar Star, the previous JV agreement on Mejillones will be replaced and Xtract will own 100% of the project.

Jan Nelson, CEO commented: "Having outlined the strategy to focus on precious and base metal opportunities that could deliver near term production and cash flow, the Board believes the Chépica gold and copper mine could represent a major step in achieving our stated strategy. The Board intends to use the four month exclusivity period to review the operational and financial viability of the mine which is located in one of the more favorable mining investment regimes in the world. Should our due diligence prove successful, our primary focus would be on financing and developing the mining operation, however, the phosphate deposit represents additional upside that can be exploited through JV partners. I look forward to providing an update to shareholders in due course."

Chépica
Located 300km south of Santiago, Chile, Chépica is an operating gold and copper mine. Polar Star owns 100% of Minera Polar, which holds the rights to the Chépica property, through an earn-in agreement.
Mejillones
The Property covers approximately 15,800 hectares of a prospective phosphate deposit in Chile which is close to surface. Previous reports on the Property estimate the potential of approximately 60-200 million tonnes of open pit sedimentary phosphate with a concentrate grade of +25% P2O5 post upgrading. This will have to be confirmed upon future exploration work. The Property is within 15km of a major port accessible by paved roads.

Option Agreement
The MOU grants Xtract an exclusive right to conduct due diligence on the Project, and upon completion thereof, if the due diligence results are satisfactory to Xtract, to acquire the Sale Interest from Polar Star's interest in the Chépica property.
Xtract will pay Polar Star US$250,000 in cash ("Exclusivity Fee"). Polar Star agrees to utilise the Exclusivity Fee solely for the purpose of advancing this to Minera Polar, which will utilise the cash solely for purposes of discharging its obligations under the Earn-In Agreement.

At any time prior to the end of the Option period, should Xtract wish to purchase Chépica, it will give notice of its intention to do so and will commence negotiations on the terms of a definitive sale agreement.
Related Party
Colin Bird is a director of both Polar Star and Xtract and therefore deemed a related party under AIM Rule 4 for Companies. As a result Mr. Bird recused himself from any involvement, discussion or review process. With the exception of Mr. Bird, the directors of Xtract consider, having consulted with its nominated advisor, that the terms of the transaction are fair and reasonable insofar as its shareholders are concerned.

The Shares Magazine 'Mining and Resources Investor Evenings' have now become firmly established in investors diaries, so we are proud to offer you another chance to meet, hear from and ask questions of key senior management figures from carefully selected companies in the mining, oil and gas sector.

This event offers a unique opportunity not only to hear about the latest plans from some of the most exciting companies in the sector, but also to put your questions to the people that matter. What is more, there is a free drinks and canapés reception where you can mingle with industry leaders and your fellow investors. Make sure you don't miss this unique opportunity to get the answers you need from the people who make the market.

The evening conference is tailor-made for private investors and professionals who already have exposure to mining and resources stocks, or anyone who is considering putting money to work in these exciting and dynamic industries.

Tickets are completely free but places are strictly limited so register now.

SHARES MAGAZINE MINING AND RESOURCE INVESTOR EVENINGS - LONDON - WEDNESDAY 4th DECEMBER 2013



Venue: Novotel London Tower Bridge, 10 Pepys Street, London EC3N 2NR


Registration: 6.00pm Presentations: 6.30pm followed by a drinks/canapés reception


Companies Presenting: Herencia Resources (AIM:HER), Mariana Resources (AIM:MARL), Minco (AIM:MIO) and Xtract Resources (AIM:XTR)

REGISTER NOW FOR LONDON EVENT ON 4th DECEMBER 2013

SHARES MAGAZINE MINING AND RESOURCE INVESTOR EVENINGS - LONDON - THURSDAY 5th DECEMBER 2013



Venue: Novotel London Tower Bridge, 10 Pepys Street, London EC3N 2NR


Registration: 6.00pm Presentations: 6.30pm followed by a drinks/canapés reception

Companies Presenting: Ariana Resources (AIM:AAU), Ferrex (AIM:FRX), Horizonte Minerals (AIM:HZM) and Solgold (AIM:SOLG)

REGISTER NOW FOR LONDON EVENT ON 5th DECEMBER 2013

http://www.investegate.co.uk/xtract-resources-plc--xtr-/rns/final-results/201406030700096543I/

It's all looking good. high speculative but lots of news due...mid tier company in the making in the coming month! dyor

movements lately

A very bullish RNS........

Chepica Mine - Delivering on key milestones

Xtract Resources Plc (AIM:XTR) announces an operational update on key milestones at the Chepica Gold and Copper Mine in Chile ("Chepica"). On 30 March 2015, the Company raised £1.75m which was to be deployed towards further underground development at Chepica and to carry out drilling and metallurgical test work on the Xtract's sulphide copper tailings dumps in South Africa ('O'Kiep Project'). The Company can confirm that good progress has been made at Chepica and the following objectives have been achieved:

· The mine reached its target of achieving profitability one month ahead of schedule in May 2015

· The mine is on track to achieve a profit margin of 60% by the end of Q3 2015 (exceeding management's pre-fundraising commitments to investors of 35%)

· The mine is on track to make a monthly profit of US$500k by the end of August 2015. Whilst there will be some seasonal variations going forward, Xtract expects this level of profitability to be maintained on average in each quarter as per the pre-fundraising commitments to investors

· Xtract also expects the mine's quarterly revenue from Q3 onwards to comfortably exceed its earlier estimate of US$1.2m per quarter as per the pre-fundraising commitments to investors

· Open pit mining commenced in March 2015, six months ahead of schedule (as per pre-fundraising commitments), and mining is continuing on two open pit areas, with a third open pit area currently being prepared for mining

· The Company plans to commit 27% (or US$700k) of the funds raised in March to provide (a) underground support, (b) new development and (c) on-mine exploration

· The Company intends that a further US$500k will be spent on on-mine exploration and drilling in Q3

· Xtract is also committed to developing the Colin, Francisco and Theoni prospects, in addition to a fourth prospect, Chepica Main, to increase mining flexibility and avoid the risk of production stoppage as was committed to investors as part of fund-raising

· Since the fundraising, the mine has produced consistently and without interruptions

· Chepica is also on target to achieve throughput of 10,000t by September 2015 (as per pre-fundraising commitments to investors)

Going forward, Xtract intends to provide quarterly updates with particular reference to production at the Chepica mine.

The Company will provide an update on the progress of the South African copper projects and expenditure at the Annual General Meeting to be held at 13.30 on the 29 June 2015 at the Pelham Hotel, 15 Cromwell Place, South Kensington, London, SW7 2LA. Notice of the Company's 2015 Annual General Meeting has been posted to shareholders, and the Annual Report for the year ended 31 December 2014 is also available on the Company's website www.xtractresources.com.

Jan Nelson, CEO of Xtract, said: "We are absolutely delighted with the excellent progress made at Chepica over the past few months and that we are on track to exceed forecasted revenue and profit for Q3 2015, as we committed to investors as part of our fundraising. The team has made excellent progress at Chepica and we intend to keep this momentum up as we develop out this exciting project."

Now going places as volume has shoot up

Is it ready for the bounce after a week of marked down

Shares Magazine- today

Xtract Resources’ golden move
Small cap set to hit institutional investor radar with mine acquisition

A discounted share placing to buy a mining project previously discarded
by the chief executive under a previous job has left some Xtract Resources
(XTR:AIM) investors scratching their heads. Don't panic; this looks a very interesting deal and one which could help the small cap become a 100,000 ounce per year gold producer in the not-too-distant future.
The $12.5 million purchase of the Manica gold project in Mozambique will elevate

Xtract's status and likely put it on the radar of institutional investors. Chief executive Jan Nelson has a good reputation in the gold market from his days running Pan African Resources (PAF:AIM).
Gaining the interest of City analysts, fund managers and private equity vehicles should make it easier to raise money down the line to develop Manica's Fair Bride deposit and potentially a copper project under evaluation in South Africa. Xtract will need an estimated $28.4 million to bring the open pit element of Fair Bride into production. Internally-generated cash is expected to fund a further $14.8 million
bill to develop the underground operations four years later.

Nelson says he hopes to majority fund the open pit element through debt finance and/or agree to sell up to a quarter of gold production at a discount in exchange for upfront cash from an offtake partner. The project already has a mining licence and is only four months away from having a completed bankable feasibility study.
Manica was sold in 2012 by Pan African under Nelson's leadership. He implies that Pan African's biggest shareholder at the time (Metorex) forced the disposal of the asset to focus on the producing Barberton mine. 'It was a spin-off. We put the asset into Auroch Minerals (AOU:ASX) which has subsequently made significant improvements to it.

'It was always a great asset; Metorex (MTX:JSE) wouldn't have reversed into Pan African if it wasn't for the work (the latter) did to prove up Manica,' says Nelson. 'Auroch has since done a lot of good work but it has become difficult for them to raise capital,' he adds.
Xtract has proved its ability to secure funds with approximately £11 million raised in the past 12 months.Manica is expected to produce just under 50,000 ounces of gold annually, starting from early 2017. Nelson says there is potential to go to 100,000 ounces per year by exploiting satellite pits around the mine. Xtract already produces gold in Chile from the Chepica deposit. 'That is a 12,000 ounce a year mine operation which could go to 25,000 ounces a year through us being a regional consolidator,' adds the CEO.

Based on the current 0.3p share price, Xtract will be valued at £25.8 million once new shares associated with the Manica deal and the final payment for the South Africa copper project are issued on 3 July.
Retail shareholders are losing patience given a string of dilutive placements. Now looks the point where longer-term investors will enter. Manica has the hallmarks of elevating Xtract's status,

Glenn Whiddon commented that Xtract had an excellent technical and operating team
5th July 2015
http://goo.gl/1kbVvP

The appointment of Glenn Whiddon is a significant step as it places more control in the hands of the shareholders and of a group that has a demonstrated track record in generating value.
What would really transform the Company would be the management “Trinity” of Messers Bartlett, Sinclair and Whiddon, but in the absence of Bartlett the dynamic duo of Sinclair and Whiddon is a pretty close second. As such, we believe that positive things should now start to happen, and while there is a long way to go before value can be restored, this is a timely first step.

CEO.
“As we indicate in our corporate presentation and as also highlighted in external research available on our website, the value of Azonto’s interest in Gazelle is significantly in excess of our current market capitalization.,the economics remain fully robust even though the price of oil has fallen significantly in recent months.
We look forward therefore to working with Vioco towards project sanction and unlocking full value for shareholders.”

Is the share price ready for a bounce after such a dismal performance since the last news?

Today there is volume and a bit of a bounce, the chart is signaling that.

Though on holidays today´s I pip at the net and was a good feeling to see the market since yesterday bouncing back.

on the up to 0.29p +0.03p

Copper cash official confirmed $/mtonne 5605.25 +44 (0.8%)

Copper Prices Edge Higher on Signs of Stability From China

Copper prices inched higher Monday on support from a firmer Chinese stock market and data showing the country's imports of copper stabilized in June.

The most actively traded contract, for September delivery, was recently up 0.2 cent, or 0.1%, at $2.5395 a pound on the Comex division of the New York Mercantile Exchange.

Last week, copper prices plunged to six-year lows after a selloff in China's share market fueled fears the losses would spread to the wider economy and damp demand for raw materials. China is the world's top copper consumer, accounting for about 40% of global demand, and investors worried that a troubles in the stock market could hamper broader economic activity. Copper is widely used in manufacturing and construction and is a core input into everyday goods like phones, computers and cars.

On Monday, copper prices turned higher after Chinese stocks rallied. The Shanghai Composite Index rose 2.4% to 3971.14, up 13% since Wednesday and locking in its third straight day of gains. The smaller Shenzhen Composite Index rose 4.2%. The gains came as 355 stocks resumed trading after a lockdown by authorities.

"The rebound in Chinese equities is certainly helping the situation," said Dave Meger, director of metals trading at High Ridge Futures in Chicago. The stock rally is helping to re-establish investor confidence in China and the government's ability to keep its economy on course toward its target growth, he said.

Copper futures are also getting a boost from investors looking for a bargain in the wake of last week's selloff, Mr. Meger said.

China's imports of copper and copper products totaled 350,000 metric tons in June, unchanged from a year earlier, according to the General Administration of Customs. Still, imports for the first six months of the year were down 11% from the same period of 2014, reflecting this year's slowdown in China's demand for the industrial metal.

"Imports could improve in (the second half) as China's economy seems to be stabilizing and strong government infrastructure programs continue," analysts at Barclays said in a note to clients.

Copper Prices Edge lower as China prospects for their economy is lower growth so demand for raw materials will be well down

But XTR reached a bottom of the last retracement yesterday and has been moving higher since

Copper Rebounds From Six-Year Low

Copper prices rose on Thursday, pulling up from a six-year low as gains in other metals and purchases by investors who sought a bargain lent support.

The most actively traded contract, for September delivery, rose 4.35 cents, or 1.9%, to settle at $2.3195 a pound on the Comex division of the New York Mercantile Exchange.

Prices of the industrial metal have been plumbing lows last seen in July 2009 as investors wagered that slower economic growth in China would translate into lower purchases by the country. China is the world's top copper consumer, driving about 40% of global demand. Recent signs of slower manufacturing and construction activity have pushed traders to bet that copper prices would fall.

On Thursday, however, copper got a respite from the recent drubbing as some investors sought to buy the metal while its price is depressed.

"You have some bottom-pickers out there," said Bill O'Neill, co-founder of commodities investment company Logic Advisors.

Some investors who have been betting on further losses in copper also sought to close out those bets and lock in recent profits.

Speculative traders in copper futures and options have been net bearish for 10 straight weeks, according to weekly data from the Commodity Futures Trading Commissionreleased on Friday.

Still, copper is likely to continue marching lower in the coming weeks should economic data from China point to continued deterioration, said Mr. O'Neill...........

KEEP an EYE

@ 0.255p

From earlier on the volume was large and now share price moving higher, has been at this lower end for some time at the chart. Copper price looks to be ready for a push forward. Positive level 2 of 2 v 1. The large volume sounds of expectations of share price breaking the 50MA now very close. Indicator Stochastic well oversold.

A chart from someone that thinks positive on the 14th

XTR closed above MA50, MACD closing in on signal line, RSI close to buy range + vol increasing

0.305p +0.025p

a very positive share today, the chart is looking very good at the moment and the large volume is helping on the rise

a very negative share then today. The dangers of falling for the pump....

The pump must be the B@stard "cp1"

sell when is over the top BB, learn and then speak out loudly, we can not hear you, we only see you BIG mouth spouting you know what.

buy 0.26 sell 0.322p that is the way to make money

Is not the first time so let it be a reminder only so far........
put down as a Stalker

Put he money of GBO sell today on here @ 0.2292p

Sell when is goes over Upper Bollinger Band and BUY when is under or around Lower BB is the normal clue to go well on most stocks

are we going to see easy down easy up?

already 0.23 v 0.26p, large spread now

I'll continue to hold

Gold prices jumped on Friday after U.S. employment data came in far lower than expected, signaling continued sluggish economic growth and easing expectations of an interest-rate increase this year but adding up to a bullish backdrop for safe-haven assets like precious metals.

“That was a pretty big miss,” said Bob Haberkorn, a senior commodities broker at R.J. O’Brien in Chicago. “It’s pretty bullish for gold for the remainder of the year. With data like that, I don’t see how the Fed is going to be in a position to raise rates.”

“The jobs data could be a game-changer, to make asset allocators notice gold, which has been off the radar,” said George Gero, a senior vice president at RBC Capital Markets.

Among other precious metals, silver rose 5.2% to $15.263 an ounce, platinum rose 0.5% to $909.50 and palladium ended up 4.4% at $697.60 an ounce.

http://www.wsj.com/articles/gold-falls-ahead-of-u-s-jobs-data-1443785248

0.25p +0.02p

slowly moving higher from the lows reached 2 weeks ago intraday 0.215p
The MACD is getting bullish on reaching Convergence point

Who Should Attend?Date:

Wednesday 25th May 2016

Venue:

Novotel Tower Bridge, London EC3N, 10 Pepys Street, London, EC3N 2NR

Event Timings:Sponsored by:

Manica Gold Resource increased by 36% to 1.257Moz
ahead of completion of Bankable Feasibility Study

Xtract Resources Plc (AIM:XTR) announces that Minxcon (Pty) Ltd has completed an independent technical report (the "Report") on the mineral resources of the Company's Fair Bride gold deposit at the 3990 Mining Concession ("Manica") in Mozambique. The Report confirms that the resource at Manica has increased by 36% to 1.257Moz at a cut-off of 1g/t. The content of the Report will form a key part of the Bankable Feasibility Study on the Manica project ("BFS"), which is nearing completion.

Jan Nelson, CEO of Xtract commented: "We are extremely pleased with this significant increase in the Manica resource ahead of the completion of the BFS. Not only has the gold content increased significantly but the total Measured and Indicated volume available to be mined has also increased by over 56%. This creates flexibility from an open pit perspective, considering our revised mine plan. The significant increase in the Inferred category also shows that the life of mine of the project has the potential to be increased well beyond 12 years with further drilling."

XTR 0.125 v 0.13p +0.005p

Bought some at 0.13p

WINS ( Wnterflood Market Maker ) has since yesterday gone to the offer by them self at 0.13p, but today at one point they went to 0.125p offer, since have move higher again to 0.13p and now CFEP have move up to bid 0.125p

Are WINS playing games or ...have run out of shares to sell at 0.125p?

or want more profit on their sells?

MTI has been a seller recently and the market recons has finished their under 3% by now.

Things are going to plan as the day goes on now 0.13 v 0.135p

Volume 249 million

0.145p +0.01p

The large drop recently was mainly from Auroch sell all their stake.

Why Auroch sold out?
XTR sold Manica for $17.5mil - as a result Auroch no longer wish to be tied to Xtract (as they were holders off the back of us pushing the project forward

RNS earlier.........
Auroch Minerals Ltd
Threshold(s) that is/are crossed or 11%, 10%, 9%,8%, 7%, 6%, 5%, 4% and 3%

from .....1,137,258,065
to ....Nil

13/3/2017

Xtract Resources Plc

Manica Gold Alluvial Collaboration Agreement

http://www.moneyam.com/action/news/showArticle?id=5495539

Motoring again up 33%

Motoring again up 25% still looking strong.

The Collaboration Agreement extinguishes this risk and will result in potential near-term income which has the possibility to grow significantly in the coming months.

Very much worth a gamble now, cheep as chips after the share issue!

With a share consolidation on the horizon would you be mad to or mad not to take a small gamble? Yes to both probably! Don't put more than your kids' pocket money in at the moment though maybe! :o)

10p :-))

Wow! That's a lucky kid! :o)

Kim

I got caught out on the rise was holding at .5 Av is now .3 should sail through that once mining start very soon..

Up tomorrow.

Definitive Feasibility Study

http://www.moneyam.com/action/news/showArticle?id=5503963

I hope it goes above your average Driver! :o)

Kim
It did for a while, not worried here I'm going long and its only a punt..

That's the largest trade I've ever seen go through 1000 000 000 1B it wasn't mine..