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

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.