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

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

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

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

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

Rodders

Moving up nicely tks for the tip!

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

In at 7.49p. Good luck to all.

smart move I reckon....

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

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

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

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

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

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

PDYOR anyway.
ST

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

See ASX MEO announce farmin with Petrofac.

Thanks halifax.

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

Queen1, thanks :o)

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

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

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

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

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

MEO update from XTR....

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

Rodders

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