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

Manica Gold Resource increased by 36% to 1.257Moz
ahead of completion of Bankable Feasibility Study

Xtract Resources Plc (AIM:XTR) announces that Minxcon (Pty) Ltd has completed an independent technical report (the "Report") on the mineral resources of the Company's Fair Bride gold deposit at the 3990 Mining Concession ("Manica") in Mozambique. The Report confirms that the resource at Manica has increased by 36% to 1.257Moz at a cut-off of 1g/t. The content of the Report will form a key part of the Bankable Feasibility Study on the Manica project ("BFS"), which is nearing completion.

Jan Nelson, CEO of Xtract commented: "We are extremely pleased with this significant increase in the Manica resource ahead of the completion of the BFS. Not only has the gold content increased significantly but the total Measured and Indicated volume available to be mined has also increased by over 56%. This creates flexibility from an open pit perspective, considering our revised mine plan. The significant increase in the Inferred category also shows that the life of mine of the project has the potential to be increased well beyond 12 years with further drilling."

XTR 0.125 v 0.13p +0.005p

Bought some at 0.13p

WINS ( Wnterflood Market Maker ) has since yesterday gone to the offer by them self at 0.13p, but today at one point they went to 0.125p offer, since have move higher again to 0.13p and now CFEP have move up to bid 0.125p

Are WINS playing games or ...have run out of shares to sell at 0.125p?

or want more profit on their sells?

MTI has been a seller recently and the market recons has finished their under 3% by now.

Things are going to plan as the day goes on now 0.13 v 0.135p

Volume 249 million

0.145p +0.01p

The large drop recently was mainly from Auroch sell all their stake.

Why Auroch sold out?
XTR sold Manica for $17.5mil - as a result Auroch no longer wish to be tied to Xtract (as they were holders off the back of us pushing the project forward

RNS earlier.........
Auroch Minerals Ltd
Threshold(s) that is/are crossed or 11%, 10%, 9%,8%, 7%, 6%, 5%, 4% and 3%

from .....1,137,258,065
to ....Nil

13/3/2017

Xtract Resources Plc

Manica Gold Alluvial Collaboration Agreement

http://www.moneyam.com/action/news/showArticle?id=5495539

Motoring again up 33%

Motoring again up 25% still looking strong.

The Collaboration Agreement extinguishes this risk and will result in potential near-term income which has the possibility to grow significantly in the coming months.

Very much worth a gamble now, cheep as chips after the share issue!

With a share consolidation on the horizon would you be mad to or mad not to take a small gamble? Yes to both probably! Don't put more than your kids' pocket money in at the moment though maybe! :o)

10p :-))

Wow! That's a lucky kid! :o)

Kim

I got caught out on the rise was holding at .5 Av is now .3 should sail through that once mining start very soon..

Up tomorrow.

Definitive Feasibility Study

http://www.moneyam.com/action/news/showArticle?id=5503963

I hope it goes above your average Driver! :o)

Kim
It did for a while, not worried here I'm going long and its only a punt..

That's the largest trade I've ever seen go through 1000 000 000 1B it wasn't mine..