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Additional Information
Market: AIM
Sector: Energy
EPIC: XTR
Latest Price: 2.18p  (-3.11% Descending)
52-week High: 4.45p
52-week Low: 0.77p
Market Cap: 33.42M
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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 sells most of its stake in Wasabi Energy, retains 2.9 pct

14th Sep 2009, 9:55 am Xtract Energy sells most of its stake in Wasabi Energy, retains 2.9 pct

Xtract Energy PLC (AIM: XTR) sold most of its stake in its investee company Wasabi Energy Ltd (ASX: WAS), in line with its policy to increase focus on its oil and gas assets to build a portfolio with near term production combined with significant longer term potential.

It announced today that last week it sold 126.55 million Wasabi shares for A$1.39 million, reducing its holding to 2.9 percent from 12.6 percent.

Wasabi invests in traditional and renewable energy technologies.

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