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

Gervis; thanks for your recent input,interesting reading. Hoping by monday at the latest, we get news of the 2 day flow test,although not qyite sure if they'ill release or wat until all the levels are finished?
cyril

Annouced by MEO on the ASX that XTR have sold there remaining stock for roughly 0.6m.
cyril

niceonecyril - XTR still has an interest in MEO, with the recent sales they have fallen below the radar and have ceased to become a sustantial shareholder.

XTR still hold approximately 19m shares in MEO.

Rodders

Rodders; yes your correct, i mis-read the document. Sustained buying this am,sP
clawing back some of the losses over the last couple of days,here's hopmg for4p+
for starters next week.
cyril

RNS possibly due Monday on flow testing 1741-46m level at Sarikiz-2 well and also testing further 7 levels. Possible production levels to be announced ?.

May also increase stake from 20% to 34% in the JV with Merty, Extrem Energy.

Looks to be in an incredibly strong position with a diverse range of interests/projects with great potential.

Xtract Energy Investment update





TIDMXTR

3 July 2009


Further to the announcement made on 19 June 2009, Xtract advises that
during the final weeks of June 2009 it sold a further 10,670,000 of
its shares in MEO Australia Limited ("MEO") for an aggregate
consideration of A$2,374,120. The proceeds of the sales will be used
to support the growth of the other investments within the Company's
portfolio and provide working capital. Following the sales, Xtract
holds 14,375,629 shares in MEO, representing approximately 3.4% of
MEO's issued share capital.

As a result of the decrease in the size of Xtract's interest in MEO,
future announcements made by MEO on the Australian Stock Exchange
will no longer be relayed as a matter of routine by Xtract on AIM.
cyril

DRILLING UPDATE - Extrem Energy

Further to the announcement made on 1 July 2009, Xtract Energy Plc
("Xtract") is pleased to provide the following update on the progress
of the production test being carried out at Sarikiz-2 by its Turkish
joint venture Extrem Energy A.S. ("Extrem Energy").

Following the test of the interval at 1728-1733m which was found to
produce associated carbon dioxide, further technical interpretation
was carried out. This revealed the existence of a minor fault which
was causing carbon dioxide from deep levels to penetrate the deeper
oil reservoirs. The fault did not appear to extend further upwards.
The new interpretation has been validated by the test of the interval
between 1710-1715m which was completed on 6 July 2009. After recovery
of the drilling fluids, the production test flowed oil without
associated carbon dioxide. Initial indications are that a pumped oil
flow rate of approximately 180bbl/day could be achieved from that
interval alone.

With the benefit of the new interpretation, the number of intervals
still to test has been increased to eight, representing a further
57.5m of reservoir thickness compared with 6.5m of thickness in the
interval just tested. The remaining sandstone intervals lie in a
structure between the depth range 1483m to 1697m.

Log indications are favourable for the remaining intervals but the
ability to produce from them will remain unknown until they are
tested. At this time, it is reasonable to expect that the total
production flow rate from the well will meet or exceed the pre-drill
estimate of 500bbl/day.

Further progress updates will be provided as appropriate.

All operations are controlled and operated by Merty Energy, Xtract's
joint venture partner in Extrem Energy.

Xtract holds 27% of Extrem Energy and has the option of increasing
its shareholding to 34% by contributing a further investment of
US$1.75m before 5 August 2009.

The above information has been reviewed and approved by Ongun
Yoldemir, Managing Director of Extrem Energy, who has a masters
degree in geological engineering and worked as an explorationist in
the oil and gas sector in the Middle East, Kazakhstan, Azerbaijan,
and North Sea, has over 28 years' experience in the resource and
energy sector and is a member of the American Association of
Petroleum Geologists, European Association of Geologists and
Engineers, the Society of Exploration Geophysicists and several
related Turkish institutions.
cyril

mm were short of shares at the close, so could see a mark up in the morning.

Rodders

Directors buy today reported just after the close.

7 July 2009

AIM: XTR

XTRACT ENERGY PLC
("Xtract" or the "Company")

Director's dealing

The Company has been informed that Mark Nichols, a non-executive
director of the Company, today purchased 650,000 ordinary shares in
the Company at a price of 3.50p per share. Following this purchase
his total holding in the Company is 2,920,000 ordinary shares,
representing approximately 0.4% of the current issued share capital
of the Company.

Friday's commentary on UK-AnaIyst.com

Friday, 10 July, 2009 2:59 PM

An extract from the diaries of infamous bear raider Evil Knievil

In the cold light of Tuesday morning I noted the production news from Xtract (XTR) in Turkey. Why the shares are still so subdued is very strange - other than on the very probable general explanation that the punters just lack courage. Turkey, now going straight into production and/or financing of expansion drilling, is worth 10p per share - and of course all the rest of Xtract is in for free. After hours yesterday it was announced that a non-exec of Xtract had bought 650,000 at 3.5p. So yet another buying opportunity presents itself for those who do not even have to sit through the tedium of board meetings.

Futher news out today,SP responding positively so far?
cyril

We've now hit 4p,if we can hold and the news is as suggested or better,then 6p could be on the horizon(can live in hope)?
cyril

What's the odds of hitting 6

Depends on whose bowling? lol
cyril

Do you think Xtract will hit 6 before any of the England batters will in the next test

http://www.stockopedia.co.uk/news/announcement/EEE/090324eee3766p.htm

Tescoma, you obviously havn't grasped the way that BB's work. This is the XTR thread. I have seen many ramps by you in the last few days, all of them for crap stocks and none on the right BB.

Looks like i posted on the old thread,todays RNS has resulted in XTR breaking through 4p, up over 20%.
cyril

Climbing nicely!