rumoured massive find /news later today.and meo has encountered hydrocarbons in oz.

New article, click here

XTR are presenting in London soon!

Details and FREE registration can be found here;

http://www.proactiveinvestors.co.uk/register/event_details/50

These are superb evenings in a lovely hotel in the heart of Mayfair!

Mix with other investors, market professionals, and the CEO's of the presenting companies for complimentary wine and canapes afterwards!

Nearest tubes are Green Park and Bond Street.

This sjould create a little excitement,

Xtract Energy Plc ("Xtract") is pleased to provide the following
update on operations and development plans at its Turkish joint
venture Extrem Energy A.S. ("Extrem Energy").

Alasehir/Sarikiz Licence (Extrem Energy 80%)

As previously announced, the Sarikiz-2 well has been shut in as a
future production well, with commercial production expected to
commence in October, once the construction of the necessary surface
facilities has been completed.

Following the successful production test, the new well data has been
analysed together with seismic data, logs from the former East
Sarikiz-1 well and GORE geochemical analysis over the licence area.
On the basis of this analysis, the estimated (P50) total oil in place
within the greater Sarikiz structures has been revised upwards to 371
mbbl ("Development pending - Contingent resources" according to SPE
classification). Using a 20% recovery factor (the more conservative
end of the previously announced range), the total recoverable oil in
the Sarikiz field is now estimated (P50) to be 74 mbbl.

In addition to the re-entry of East Sarikiz-1 which was already
announced, analysis of seismic and well logs at the former Alasehir-1
well in the same licence area have also indicated the presence of
commercial oil. It has therefore been decided to re-enter this well
in order to establish production from the Alasehir field. The forward
production drilling programme is now expected to be as follows:

1) Alasehir-1 (re-entry)
2) East Sarikiz-1 (re-entry)
3) Sarikiz-3 (new well)

Upon mobilization of the required drilling equipment the above
programme is expected to commence in early September and continue
through to the end of December 2009.

An estimate of the total oil in place on the Alasehir field will be
made following the production test. Figures for Alasehir will be in
addition to the above estimates.

Formal field development plans and reserve categorisation will be
finalized once commercial production has been established. Production
performance from the initial wells will be analysed to determine the
optimal well configuration to drain the structures over a reasonable
field life of 20-25 years.

Siraseki Licence (Extrem Energy 100%)

The results from seismic and GORE geochemical surveys over the
Siraseki licence area near the Syrian border have now been processed
and have given rise to a new prospect called Menekselik. The
sandstone structure is a fault bounded anticline with an estimated
area of 11.2 square km and an expected pay thickness of 30m. If the
structure contains natural gas, the recoverable gas in place is
estimated to be 94 bcf using a 70% recovery factor. Extrem Energy
intends to drill the prospect in early 2010 following completion of
Sarikiz-3.

Edirne Licence (Extrem Energy 100%)

The additional seismic programme mentioned in the announcement of 3
August was completed on 9 August. The acquisition of GORE geochemical
data commenced on 19 August and is ongoing. The seismic and
geochemical data will be analysed together to identify drilling
targets in this gas-bearing zone. If successful, these targets will
be drill-ready by early 2010. The area is close to existing
downstream infrastructure, so production can be established quickly
in the event of success.

Extrem Energy is also working on plans to appraise and exploit its
off-shore licences in Candarli Bay and the Sea of Marmara.

All operations are controlled and operated by Merty Energy, Xtract's
joint venture partner in Extrem Energy. Xtract holds 34% of Extrem
Energy.

The information above relating to resource estimates has been
provided using the SPE standards and includes the following terms:
"mbbl" (million barrels); "bcf" (billion cubic feet); "P50" (midcase
scenario in relation to reserve expectations)

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

Broken through 4p barrier(4.35p) up over 20%,turning out to be an excellrnt investment with a lot more scope imho?
cyril

Topped up on a T25, with production planned to start next month,i find
it usual for the market to react positively to such annoucements? So i'm taking a punt.
imv
cyril

Welcome on-board!

Flying today, up 30% since my last post. Production update imminent.
cyril

Broke 5p today before dropping off highs,probanly profit taking? Might have top sliced myself had i been around.
cyril

RNS not good news.

Unless you want to top up for the future.

RNS--better news today! results next. I've topped up.