Proactiveinvestors Australia

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

Extrem Energy AS (‘Extrem Energy‘)

Extrem Energy is an exploration and production joint venture with Merty Energy of Turkey. The JV’s aim is to create a new medium-sized oil and gas exploration and production business, initially focused on Turkey where Merty Energy has particular experience and expertise. Extrem Energy has a portfolio of licence interests including the high potential prospect at Candarli Bay in south-west Turkey. Xtract owns 50% of the issued share capital of Extrem Energy.[READ MORE]

Elko Energy Inc. (‘Elko’)

Elko is a Canadian registered oil & gas exploration company which has interests in exploration and production licences in the Danish and Dutch North Sea. Its major asset is in the Danish North Sea; an 80% interest on 26 offshore blocks in a 5,400 sq km exploration and production licence close to the prolific Central Graben oil field. Technical work indicates the potential for significant reserves. Elko also holds a 60% operating interest in gas-bearing license blocks P1 and P2 in the Dutch North Sea. Xtract owns 50.02% of Elko’s issued share capital. [READ MORE]

Zhibek Resources Ltd (‘Zhibek Resources‘)

Zhibek Resources is an oil and gas exploration and production company which has a 72% interest in the Tash Kumyr and Pishkoran exploration licences in the Kyrgyz Republic. Xtract has entered a farm-out agreement to fund a seismic and drilling programme for 2008-09. Xtract owns 25.0% of the issued share capital of Zhibek Resources. [READ MORE]

Xtract Oil Ltd (‘XOL‘)

Xtract’s wholly owned subsidiary, XOL, is focused on the development of the Company’s oil shale resources in Australia and the technology for oil extraction from oil shale resources. Xtract has oil shale exploration rights over mining tenements in the Julia Creek area of Queensland. Using the JORC standard, total indicated and inferred resources in place are 2.12 billion bbls. In addition to evaluating third party technologies, XOL has been developing proprietary technology for the commercial extraction of liquid hydrocarbon products from oil shale. [READ MORE]

Xtract Energy (Oil Shale) Morocco SA (‘XOSM‘)

XOSM is a joint venture with Alraed Limited Investment Holding Company WLL, a company controlled by His Highness, Prince Bandar Bin Mohd. Bin Abdulrahman Al-Saud of Saudi Arabia. XOSM has signed a Memorandum of Understanding with the Office National des Hydrocarbures et des Mines for the purposes of evaluation and possible development of an oil shale deposit near Tarfaya, in the south west part of Morocco. Xtract currently holds 70% of the joint venture.

All assets are held directly or through wholly owned subsidiaries of the Company.

The Directors evaluate new investment opportunities from time to time and may engage the Company in additional projects in the energy resources sector where qualified projects are identified.

Dr. George Watkins CBE - Chairman (Nominations, audit and remuneration committee)

Dr. George Watkins CBE holds a BSc in Mining, a PhD in Geophysics and an MSc in Management. He also holds an honorary degree of Doctor of Engineering DEng from Heriot Watt University. George joined the Conoco Group in 1973 and retired as Chairman and MD of ConocoPhillips (UK) Ltd in 2002. He has served as a non-executive director of Abbot Group plc, Paladin Resources plc, Production Services Network (PSN) Ltd and on the Defence Procurement Agency. He is a Governor of the Robert Gordon University.

Peter Moir - Chief Executive Officer

Peter’s qualifications include B.Sc. Civil Engineering and M.Eng. Petroleum Engineering. He is a Chartered Engineer in the UK and has more than 30 years experience in technical, operational and commercial aspects of the Exploration and Production business.

Alan Hume - Group Finance Director

Alan is a chartered management account (FCMA) with over 20 years senior level finance and commercial experience. He has significant international exposure having been based in Norway, South Africa and the Middle East and is well acquainted with the needs of both start-up companies and established international oil and gas service organisations.

Paul Butcher - Non-Executive Director (Nominations, audit and remuneration committee)

Paul holds a BSc in Earth Sciences and an MSc in Marine Geology and Geophysics and an MBA. Much of his career was spent in BP and Amoco where he spent 25 years, leading to a variety of senior strategic and operational leadership positions within the upstream business.

Jeremy Kane - Non-Executive Director (Nominations, audit and remuneration committee)

Jeremy Kane has spent more than 40 years working in marketing, communications and public affairs developing and implementing global and regional corporate reputation, crisis management and public affairs programs. Mr. Kane worked for over 23 years at Mars Confectionery holding a number of senior roles including Chief Personnel Officer, Marketing Director, Sales Director and Group External Affairs Director in the UK, Continental Europe, the Americas and Asia Pacific. Mr. Kane founded and chaired European Public Policy Advisors (EPPA) which became the largest independent public affairs company in Europe. He sold EPPA to its management and co-founded Ergo Communications, a marketing communications and public affairs company which he chaired for more than six years. Ergo was sold to Huntsworth plc, the global PR group, in 2004. In 2006 Mr. Kane co-founded another European public affairs company, Landmark European Public Policy Advisers. He moved to the United States in 2008 and formed Hillgate Communications Inc a Marketing Communications specialist.

Since the Disclosure and Transparency rules of the FSA (the 'DTR') came into force, the Company has been notified of the following significant holdings of voting rights in its share:

Cambrian Investment Holdings Limited is a wholly owned subsidiary of Western Coal Corporation which is headquartered in Vancouver, Canada and listed on AIM and TSX.

Directors Interests in Issued Shares of Xtract Energy as at 13 September 2011:

In accordance with the AIM Rules (Rule 26), in so far as the Company is aware, the percentage of the Company's issued share capital that is not in public hands is approximately 37%.

Updated from Xtract Energy's website 13.09.11