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Additional Information
Market: AIM
Sector: Energy
EPIC: XTR
Latest Price: 0.40p  (-6.98% Descending)
52-week High: 3.43p
52-week Low: 0.37p
Market Cap: 6.19M
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Xtract Energy
www.xtractenergy.co.uk

Xtract Energy identifies and invests in a portfolio of early stage oil and gas assets and business interests with significant growth potential. We aim to engage closely with the associate management teams to achieve project milestones, finance early stage asset and business development activity, and then finance the asset development phase, or if appropriate, crystallise value for all shareholders at a suitable exit point. We aim to achieve returns for our shareholders through access to the significant upside rewards associated with our investments.

Xtract Energy Plc (‘Xtract’) was established in 2004 (as then Resmex Plc) and its shares were admitted to trading on AIM at the end of March 2005.

Full Xtract Energy profile here
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Xtract Energy chief executive ups stake in the company

12th Jan 2010, 12:56 pm

Xtract Energy’s (AIM: XTR) Chief Executive, Andy Morrison bought 500,000 ordinary shares in the company at a price of 2.75p, and now holds 2.5 million shares, representing 0.31% of the company’s issued share capital.


Earlier this week, the diversified early stage oil and gas investors reported the spudding of the Sarikiz-3 well on the Alasehir license area in south-west Turkey, by its 34% owned Turkish joint venture Extrem Energy. The well has a preliminary pre-drill P50 estimate of 5.75 million barrels of recoverable oil based on a 2 square kilometre area, an assumed net productive pay thickness of 20 metres and a 20% recovery factor. Extrem Energy is Xtract’s exploration and production joint venture with Merty Energy of Turkey.

Xtract also holds a number of other interests, including a 50.01% stake in Elko Energy Inc, a Canadian registered oil & gas exploration company which has interests in exploration and production licences in the Danish and Dutch North Sea.

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