A mixed bag?

Friday, Jul 17 2009 by
  • Xtract Energy Plc was established in 2004 (as then Resmex Plc) and its shares were admitted to trading on AIM at the end of March 2005.
  • Xtract "aims to build and manage a portfolio of energy assets where the cost of entry is relatively low but where there is very considerable upside potential. By holding a portfolio of private and public company investments, Xtract offers investors access to otherwise unlisted opportunities together with financial flexibility and liquidity."
  • The principal assets of Xtract Energy are its holdings in MEO Australia (ASX: MEO)(11.6%), Elko Energy Inc (35.4%),  Extrem Energy (20%), Xtract Oil (100%), Xtract Energy Oil Shales (70%), Wasabi Energy (19.4%) and Zhibek Resources (25%). The company is developing a proprietary technology to enhance the yield of hydrocarbons from oil shale.
  • Recent drilling update - http://www.stockopedia.com/news/announcement/XTR/090717xtr000793.htm - on the progress of the production test being carried out at Sarikiz-2 by its Turkish joint venture Extrem Energy A.S. ("Extrem Energy").

Other Background Document:


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Xtract Resources PLC, formerly Xtract Energy plc, is engaged in identifying and investing in a portfolio of early stage resource assets. The Company’s operating segments include: Investment and other, and Mining Exploration. Its investment and other segment hold investment in a range of listed resource companies, including held-for-sale assets. The company’s projects include Chépica Gold & Copper Mine and Mejillones Phosphate Project.Chépica Gold & Copper Mine is located south of Santiago near the town of Talca, Chile. Mejillones Phosphate Project is located within major deep water port city of Antofagasta, Chile. It covers approximately 16,400 ha of highly prospective phosphate deposits that are close to surface. The Company’s subsidiaries include Sermines de Mexico S.A. de C.V., Xtract International Limited, Xtract Energy Spain SL, Xtract Energy Holdings Limited, Elko Energy Inc., RPK Finance & Holdings BV, Elko Energy BV and Elko Exploration BV. more »

Share Price (AIM)
0.295p
Change
-13.2%
Mkt Cap (£m)
22.6
P/E (fwd)
n/a
Yield (fwd)
n/a



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