Annual report and accounts and Notice of AGM

24 November 2009
 
AIM: XTR
 
                          XTRACT ENERGY PLC
                     ("Xtract" or the "Company")
 
                     Annual report and accounts
 
The Company confirms that  copies of its  annual report and  accounts
for the  year ended  30 June  2009 and  a circular  to  shareholders,
including a  notice of  annual  general meeting,  to  be held  on  18
December 2009 at the offices of Trowers & Hamlins LLP, Sceptre Court,
40  Tower  Hill,  London  EC3N   4DX,  have  today  been  posted   to
shareholders  and   are   available   on   the   Company's   website,
www.xtractenergy.co.uk.
 
The resolutions to be proposed at the annual general meeting  include
a resolution to adopt new articles of association.
 
Enquiries please contact:
 
Xtract Energy      Andy Morrison, CEO +44 (0)20 3205 1148
 
Smith & Williamson David Jones        +44 (0)20 7131 4000
Corporate Finance  Azhic Basirov
                   Barrie Newton
 
About Xtract Energy
 
Xtract identifies and  invests in  a diversified  portfolio of  early
stage energy  sector  technologies and  businesses  with  significant
growth  potential.  The  Company  aims  to  work  closely  with   the
associated management teams to  achieve critical project  milestones,
to finance later  development stages,  and to  build and  crystallise
value for all shareholders and partners.
 
For further information on Xtract please visit www.xtractenergy.co.uk
 
A short description  of the  principal assets  of Xtract  is set  out
below. These assets are either held directly or through wholly  owned
subsidiaries of the Company.
 
Extrem Energy AS ("Extrem Energy")
 
Extrem Energy is  an exploration  and production  joint venture  with
Merty Energy of Turkey. The JV's aim is to create a new  medium-sized
oil and gas exploration and production business, initially focused on
Turkey where Merty  Energy has particular  experience and  expertise.
Extrem Energy has a portfolio of licence interests including the high
potential prospect at Candarli Bay in south-west Turkey. Xtract  owns
34% of the issued share capital of Extrem Energy.
 
Elko Energy Inc. ("Elko")
 
Elko is a Canadian registered oil & gas exploration company which has
interests in exploration  and production licences  in the Danish  and
Dutch North Sea. Its major asset is  in the Danish North Sea; an  80%
interest on  26 offshore  blocks in  a 5,400  sq km  exploration  and
production licence close  to the prolific  Central Graben oil  field.
Technical work indicates the potential for significant reserves. Elko
also holds a 60% operating interest in gas-bearing license blocks  P1
and P2 in  the Dutch North  Sea. Xtract owns  approximately 36.8%  of
Elko's issued share capital.
 
Zhibek Resources Ltd ("Zhibek Resources")
 
Zhibek Resources is an oil and gas exploration and production company
which has a 72% interest in the Tash Kumyr and Pishkoran  exploration
licences in  the  Kyrgyz  Republic. Xtract  has  entered  a  farm-out
agreement to  fund  a seismic  and  drilling programme  for  2008-09.
Xtract owns 25.0% of the issued share capital of Zhibek Resources.
 
Xtract Oil Ltd ("XOL")
 
Xtract's wholly owned subsidiary, XOL, is focused on the  development
of the Company's oil shale resources in Australia and the  technology
for oil extraction  from oil  shale resources. Xtract  has oil  shale
exploration rights over mining tenements  in the Julia Creek area  of
Queensland. In addition to  evaluating third party technologies,  XOL
has  been  developing  proprietary  technology  for  the   commercial
extraction of liquid hydrocarbon products from oil shale.
 
Xtract Energy (Oil Shale) Morocco SA ("XOSM")
 
XOSM is  a  joint  venture with  Alraed  Limited  Investment  Holding
Company WLL, a company controlled by His Highness, Prince Bandar  Bin
Mohd. Bin  Abdulrahman Al-Saud  of Saudi  Arabia. XOSM  has signed  a
Memorandum  of   Understanding   with   the   Office   National   des
Hydrocarbures et  des  Mines  for  the  purposes  of  evaluation  and
possible development of  an oil  shale deposit near  Tarfaya, in  the
south west part of Morocco. Xtract  currently holds 70% of the  joint
venture.
 
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