Xtract Resources shares lift on news of discovery
15th Jul 2015 15:57
(ShareCast News) - Shares in mining firm Xtract Resources lifted after the company announced a potential gold discovery. Shares in the AIM listed stock rose 5.93% to 0.286p at 0254 BST. Xtract said the new reef system it found at the Chepica Mine in Chile could contain about 100,000oz of gold. It
Read moreXtract Resources raises £4.4m, optimistic about Fair Bride gold licence
29th Jun 2015 07:48
Mining firm Xtract Resources raised £4.4m, to be put toward a mining licence in Mozambique, the company said on Monday. Xtract said the £4.4m, raised through a share placement would go towards the 100% acquisition of the 3990c Manica Gold Mining licence. The licence includes mining rights for the F
Read moreXtract Resources' Chepica mine making good progress
25th Jun 2015 13:51
Xtract Resources said on Thursday that good progress is being made at its Chepica gold and copper mine in Chile. It said the mine has reached its target of achieving profitability one month ahead of schedule in May 2015 and is on track to achieve a profit margin of 60% by the end of the third quarte
Read moreXtract Resources jumps on new gold discovery in Chile
13th May 2015 15:15
Shares in Xtract Resources jumped over 7% on Wednesday, as the exploring company said it had found a small but "significant" concentration of gold near the surface at its Chepica mine in Chile. The London-listed group said the find, situated at the intersection of two major geological structures at
Read moreXtract Resources raises £1.2m through shale disposal
10th Jul 2014 15:22
Exploration group Xtract Resources has raised £1.2m through the sale of 5m shares in Global Oil Shale (GOS) at 23.77p each in an effort to strengthen its cash position. The AIM-listed group was issued 6m shares in GOS at a price of 12p in December 2012, which was part of the disposal of the Julia C
Read moreXtract Resources abandons plans to acquire Namakwa uranium deposit
11th Apr 2014 12:27
Xtract Resources said on Friday that having completed due diligence on the Namakwa Uranium Deposit in South Africa, it had decided to abandon its acquisition plans. "The board has concluded that this project does not meet its investment criteria and will therefore not be proceeding with the acquisi
Read moreXtract Energy names new Chief Financial Officer
5th Jun 2013 08:55
AIM-listed Xtract Energy has appointed Joel Silberstein as its Chief Financial Officer. The group said that Silberstein was a Chartered Accountant with over 10 years' experience in the area of financial accounting and reporting, primarily in the mining industry. After completing his training at
Read moreXtract Energy names new Chief Executive Officer
28th May 2013 12:06
AIM-listed Xtract Energy has appointed Jan Nelson as Chief Executive Officer of the company with immediate effect. The company said that Nelson would bring over 15 years' experience in the mining industry; more recently as Chief Executive Officer Pan African Resources, where he was responsible for
Read moreXtract Energy sells stake in Equus Mining
15th Feb 2013 12:08
Natural resources investor Xtract Energy has sold its stake in Equus Mining for 980,000 Australian dollars. The company's 14m shares in the Australian copper and gold explorer were sold for AU$0.07 per share. The oil and gas focused investor originally purchased 140m shares in Caspian Oil & Gas,
Read moreXtract disposes of Julia Creek and sells Moroccan subsidiary to Global Oil Shale Group
17th Dec 2012 08:44
AIM-listed Xtract Energy has concluded negotiations with Global Oil Shale (GOS) group over Xtract's oil shale tenements at Julia Creek in Queensland, Australia. Under the terms of the agreement, Xtract will assign its oil shale rights in Julia Creek to GOS in exchange for a strategic equity stake i
Read moreCambrian Investments sells stake in Xtract Energy
14th Dec 2012 14:05
Cambrian Investments has disposed of 106,806,048 shares in AIM-listed Extract Energy. Xtract Energy's share price was down 13.64% to 0.19p at 14:06 on Friday afternoon. Xtract was established in 2004. Its strategy is to identify and invest in a portfolio of early stage oil and gas assets and busi
Read moreXtract shares suspended
27th Jun 2012 08:18
Shares in energy and mineral investor Xtract Energy have been suspended after unexpected cash calls left its future in doubt. The company said it had received the demands from Noreco, the operator of its Danish Luna well, in relation to cost overruns on drilling of the well. As a result the firm s
Read moreSmall caps round-up: Amerisur, Orchid, Herencia...
13th Feb 2012 12:10
Amerisur Resources, an oil and gas producer and explorer, has mobilised the work rig D-6 to the Platanillo Field, Colombia. Once the unit is rigged up and tested, the Platanillo-2 well will be re-entered and worked over. The work over programme will evaluate the previously untested formation over a
Read moreXtract excited about North Sea prospects
23rd Sep 2011 16:46
Energy and mineral investor Xtract Energy saw its losses narrow dramatically in the first half of the year, but so did its cash pile. Loss before tax contracted to £1.17m from £11.73m the year before, when losses were inflated by a £9.6m hit from Xtract's share of the results of a joint venture. C
Read moreXtract Energy announces further delay
8th Sep 2011 14:13
Energy holding firm Xtract Energy said its subsidiary company, Elko Energy, has experienced another setback to its drilling programme off the coast of Denmark. Canada-based oil and gas exploration firm Elko said that drilling at its Luna well has been further delayed until early December, because a
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