Xtract 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
Read moreXtract Energy shares suspended after Elko purchase
21st Jun 2011 09:26
Energy and mineral investor Xtract Energy has offered to acquire the remaining shares of Canada's Elko Energy that it does not already own in a stock deal, with no cash consideration. According to the deal terms, Xtract will offer seven of its shares for every Elko share, which will result in Xtra
Read moreXtract runs into problems at Sarikiz-2
11th Aug 2010 13:57
Energy and mineral investor Xtract Energy has had to stop production at the Sarikiz-2 well operated by its Turkish business Extrem Energy after suffering problems with the pump. A mechanical failure meant the firm had to remove the pump from the well and replace components. "Attempts are now being
Read moreLondon afternoon: No sign of rally yet
11th Aug 2010 13:57
Expectations of a weak start on Wall Street have put the kybosh on any hopes of a recovery in London over the lunch time session, after leading shares endured a tough morning in the wake of downbeat statements from the Federal Reserve (last night) and the Bank of England (this morning). The Bank of
Read moreXtract Energy: Sarikiz-2 Well Repairs More Difficult Than Expected
5th Jul 2010 17:14
LONDON (Dow Jones)--Xtract Energy PLC (XTR.LN), an investor in a portfolio of early stage energy sector businesses, said Monday that at its Sarikiz-2 well, operated by its Turkish business Extrem Energy AS, workover operations involving cement repairs to isolate unproductive zones proved more diffic
Read moreXtract 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 independen
Read moreBSS finance chief adds more shares
12th Jan 2010 16:38
BSS Group finance director Roddy Murray has made his third purchase of shares in the plumbing products distributor in the past four months. Murray spent £20,733 on 7,482 shares at 277.1p each. That took his stake to 101,015 shares. Murray bought 7,500 shares at 250.197p each on 4 December and 10
Read moreSmall caps round-up: Solo Oil, British Polythene, Antrim Energy...
16th Nov 2009 10:26
Solo Oil lost almost a quarter of its value after it announced plans to raise £6.4m and said it has signed a farm-out agreement with Aminex to earn a 12.5% interest in the Likonde-1 well in Tanzania. The group has placed a total of 1,280,000,000 new ordinary shares at a placing price of 0.5 pence e
Read moreSmall caps round-up: Trafficmaster, UK Coal, Xtract Energy
27th Aug 2009 11:43
Satnav group Trafficmaster is still heading higher after growing pre-tax profit by 43% in the first six months of 2009 to £3.4m on revenue up 6% to £28.9m. 'We expect to continue to encounter tough market conditions, but we believe we are well placed to meet expectations for the year,' chief execut
Read moreProgressive Digital's Danson in buying mood
7th Jul 2009 17:02
News that the chairman and chief executive of Progressive Digital Media Group have splashed out more than £400,000 on shares sent the digital marketing firm the right way Tuesday. Chairman Mike Danson added 2.2m shares to his stake, which now approaches 316m, or 85.5% of the business. The purchase
Read more