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

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




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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