Xtract Energy Names Moir As New Chief Executive

5th Jul 2010 17:04

LONDON (Dow Jones)--Xtract Energy (XTR.LN), an investor in a portfolio of early stage energy sector businesses, said Monday that Peter Moir, an existing director of the Company has Monday been appointed as Chief Executive Officer. MAIN FACTS: -Paul Butcher has been appointed as an independent non-executive director -Andrew Morrison has resigned as a director and officer of the Company and leaves the Company with effect from Monday's date. -One of Moir's first priorities will be to conduct a comprehensive review of the group's Turkish business, its assets and license portfolio. -Shares closed Monday at 1.2 pence. -By Iain Packham, Dow Jones Newswires; 44-20-7842-9269; [email protected] (END) Dow Jones Newswires July 05, 2010 12:04 ET (16:04 GMT)