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.
Xtract Energy sells remaining stake in Wasabi Energy, raises Elko Energy holding
Xtract Energy PLC (AIM: XTR) said it has sold the remaining 2,9 percent stake it held in 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 said today it exchanged its remaining holdings in Wasabi for a total of approximately £65,000 in cash plus 1.775 million shares in Elko Energy Inc.
Xtract no longer holds any interest in Wasabi and has increased its holding in Elko to 36.775 million shares, representing approximately 36.8 percent of the issued capital of that company.



















