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

very well done so far as the price has fallen to 1.75 / 1.80p

so buyers are moving in again

Kept mine, big recovery at the end of the trade day, lets hope for 2p soon.

Text book tree shake

1:16 pm by Sergei Balashov

http://www.proactiveinvestors.co.uk/companies/news/34549/wednesday



Investors following Niche noted that another company with oil and gas assets in Turkey, Xtract Energy (LON:XTR), has shot up from 1.25 pence to nearly 2 pence over the past few days.

dreamcatcher
re - Text book tree shake

Do not kid yourself, anything with large rise on a week or so, has its retracement days, and now is still going on.

Everyone has its own strategies naturally but nowdays with a market so volatile and economy in such a disarray, any decent profit one has to take it, there will be more oportunities to buy it cheaper on the very near future.

Everything I said yesterday is coming into reality now, do not forget that those that wanted to get in at higher prices and now buying so can bounce back a bit but the trend is now down short term, till makes full RETRACEMENT, the best is 67.8% and could bounce back after 50%.


Good luck as you said (kept mine ) I most likely will buy again so look for this space if you think like many of my followers my "TIMING" is pretty good. ( kidding )

Niche ( NGP ) is doing well again today, bought some as the volume was rising on the 7th @ 2.475p but it was down the next day, but now rising with volume so looks right, but is also very volatile so soon will be right for profit taking at this rate.

Good advice mm, Very difficult for me when I work to trade them. Did not aim to say you had done the wrong thing. I would sell them and news would come through while at work and not get back in. Lets hope this becomes a very good share to have.
Good luck mm.

Put back yesterdays drop, steady buying.

holding the 11% rise

Xtract Energy plc - Drawdown on Equity Line RNS
RNS Number : 2987R
Xtract Energy plc
02 November 2011



XTRACT ENERGY PLC



("Xtract" or the "Company")



Drawdown on Equity Line



Xtract Energy announces that it has drawn down 300,000 (before expenses) on its Standby Equity Distribution Agreement ("SEDA") with YA Global Master SPV Ltd ("Yorkville"). This draw down has been undertaken at a price of 1.7p per share and will result in the issue of 17,647,059 ordinary shares of 0.1p each in the Company (the "SEDA Ordinary Shares") to Yorkville. This funding will be used as future working capital for the Company.



Application will be made for the New Ordinary Shares to be admitted to AIM and dealings are expected to commence on 7 November 2011. The New Ordinary Shares will rank pari passu with the Company's existing issued ordinary shares.



Peter Moir, Chief Executive Officer, commented:

"This draw down has been made at a 36 per cent. premium to the placing price of early September. It is encouraging that investors realise the potential future growth in the Company."



For the purposes of the Financial Services Authority's Disclosure and Transparency Rules, the Company notifies the market that, following the issue of the 17,647,059 Ordinary Shares the total Ordinary Shares in the Company in issue will be 1,532,857,428. The Company does not hold any Ordinary Shares in Treasury.



The above figure of 1,532,857,428 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.

ready to move higher after the retracement, as level 2 is improving

There was no chance of buying above NMS 100K online before it moved up, though there was 2 MMs at offer 1.75p.

I had to buy in two lots and trough the brokers

Marrocan Oil shale

"Oil-shale deposits have been identified at ten localities in Morocco, the most important of which are Upper Cretaceous marinites, not unlike those of Egypt, Israel, and Jordan. The two deposits that have been explored most extensively are the Timahdit and the Tarfaya deposits; about 69,000 analyses have been made of samples from 157 boreholes totaling 34,632 m in length and from 800 m of mine workings.

The Timahdit deposit, located about 250 km southeast of Rabat, underlies an area about 70 km long and 4 to10 km wide within a northeast-trending syncline. The thickness of the oil shale ranges from 80 to 170 m. The moisture content ranges from 6 to 11 percent, and the sulfur content averages 2 percent. Total oil-shale reserves are estimated at 18 billion tons within an area of 196 km2; oil yields range from 20 to 100 l/t and average 70 l/t.

The Tarfaya deposit is located in the southwesternmost part of Morocco, near the border with Western Sahara. The oil shale averages 22 m in thickness and its grade averages 62 l/t. The total oil-shale resource is estimated at 86 billion tons within a 2,000-km2 area. The moisture content of the Tarfaya oil shale averages 20 percent and the sulfur content averages about 2 percent.

Phosphate rock and uranium are also associated with the Cretaceous marinites. One drill core (location uncertain) revealed a maximum P2O5 content of about 17 percent and U308 concentrations of as much as about 150 ppm.

In the 1980s several energy companies from North America and Europe conducted exploratory drilling and experimental mining and processing of Moroccan oil shale, but no shale oil was produced (Bouchta, 1984; Office National de Recherches et D'exploitation Petrolieres, 1983?)."

Source http://geology.com/usgs/oil-shale/morocco-oil-shale.shtml

strong start this morning

only 1 MM left at 1.85p offer 2 at bid 1.80p

a few 250K or around this number on the ticker

it looks like punters could be moving out of TOM and into this stock, also with shale oil

now 1.90 / 195p +0.175p

At this rate is moving into a BREAKOUT soon as the volume is growing fast and almost all was during the last hour

spread 1.95 / 2p +0.225p

Holding above the 2p for some time now

level 2 of 4 v 1
the only one at offer must have a seller, there is a large sell from time to time giving 2.01p for the sell
buyers paying 2.024p

on a very narrow spread 2 / 2.03p

Good posts machoman, good rise today.

       BREAKOUT

2.10 / 2.20p +0.16p

Close to intraday breakout yesterday with volume today has gone through also with volume

Nice delayed 6,000000 buy someone has confidence.


DateTimeTrade PrcVolumeBuy/SellBidAskValue (approx)
9-Nov-1108:12:102.006,000,000Buy* 1.801.90120.00kTrade Type:
Overnight trade

11-Nov-1116:28:251.8214,267Sell* 1.801.90259.66Trade Type:

11-Nov-1116:28:121.82100,000Sell* 1.801.851,820Trade Type:
Bargain Conditions apply

11-Nov-1116:22:261.82200,000Sell* 1.801.853,640Trade Type:

11-Nov-1116:20:201.82177,712Sell* 1.801.853,234Trade Type:

11-Nov-1116:09:121.82200,000Sell* 1.801.853,640Trade Type:

11-Nov-1116:04:511.82250,000Sell* 1.801.854,550Trade Type:

11-Nov-1115:41:141.84100,000Buy* 1.801.851,840Trade Type:

11-Nov-1115:40:191.8475,859Buy* 1.801.851,396Trade Type:

11-Nov-1115:33:401.82111,967Sell* 1.801.852,038Trade Type:

11-Nov-1115:19:151.8450,000Buy* 1.801.85920.00Trade Type:

11-Nov-1115:17:541.844,755Buy* 1.801.8587.49Trade Type:

11-Nov-1115:13:511.8298,008Sell* 1.801.851,784Trade Type:

must be near spud news, 11% up.