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Additional Information

Market:	AIM
Sector:	Oil and Gas Exploration and Production
EPIC:	XTR
Latest Price:	2.08 (-2.35% )
52-week High:	4.25
52-week Low:	1.03
Market Cap:	31.81M

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Xtract Energy Full Xtract Energy profile here

Xtract Energy identifies opportunities and invests in a portfolio of early stage energy sector businesses and projects with very significant growth potential. We engage actively with the associated management teams to build and crystallise shareholder value through critical technical inputs, board-level experience and the application of corporate finance expertise. We aim to achieve returns for our shareholders through the capital growth of our investments.

The principal assets of Xtract are its holdings in Extrem Energy A.S., Elko Energy Inc, Zhibek Resources Ltd and its Oil Shale deposits in Queensland, Australia.

Xtract Energy chief executive ups stake in the company

Tuesday, January 12, 2010

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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