Xtract Energy
XTRACT ENERGY PLC (‘Xtract’) identifies and invests in a diversified portfolio of early stage energy sector technologies and businesses with very significant growth potential. The company works closely with its management teams to achieve critical project milestones, to finance later development stages and to build and crystallise value for all shareholders and partners.
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%).
Xtract Energy sells more MEO Australia shares for A$2.37 million
Xtract Energy PLC (AIM: XTR) said it sold a further 10.67 million of the shares it holds in MEO Australia Ltd (ASX: MEO) for A$2.37 million.
It reiterated that it will use the money to support the growth of the other investments within its portfolio and for working capital purposes.
Following the latest sale, Xtract retains 14,375,629 MEO shares, or approximately 3.4 percent of the capital.
As a result of the decrease in the size of Xtract's interest in MEO, future announcements made by MEO on the Australian Stock Exchange will no longer be relayed as a matter of routine by Xtract on AIM.
Other Xtract Energy news
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02/03/10 Xtract Energy’s Turkish JV Extrem plans to spud new oil prospect in April
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12/02/10 Xtract raises stake in Turkish JV Extrem to 50%
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12/02/10 Xtract Energy ups Extrem stake to 50%, JV partners to invest combined US$4m to explore Siraseki licence
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20/01/10 Xtract Energy says Sarikiz-2 oil well flows in line with expectations, to hit full pumped volumes by
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12/01/10 Xtract Energy chief executive ups stake in the company
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08/01/10 Xtract Energy buys Oakville Capital stake in Elko to take shareholding to 50.01%
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08/01/10 Xtract Energy buys Oakville Capital stake in Elko to take shareholding to 50.01%
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18/12/09 Xtract Energy raises £1.2 mln before expenses in placing
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