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

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

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.