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

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.