Business
Annual Report and Accounts
Annual Report and Accounts.
About this update from Xtract Resources Plc
[{"type":"text","content":"\n Xtract Energy plc\n26 October 2007\n\n26 October 2007 AIM: XTR\n\n XTRACT ENERGY PLC\n ('Xtract' or the 'Company')\n\n Annual Report and Accounts\n\nXtract announces that the 2007 Annual Report and Accounts of the Company have\nbeen published on the Company website at www.xtractenergy.co.uk, and will be\nposted to shareholders shortly.\n\nAn Extraordinary General Meeting of the Company will be held in January 2008 to\nlay the accounts before shareholders. The notice of meeting containing the\nbusiness to be transacted at that meeting will be sent to shareholders in due\ncourse.\n\nEnquiries please contact:\n\nXtract Energy plc Andy Morrison, CEO +44 (0) 20 7079 1798\n\nSmith & Williamson Corporate\nFinance Limited David Jones +44 (0) 20 7131 4000\n Azhic Basirov\n\nScott Harris Stephen Scott +44 (0) 20 7653 0030\n Annabel Michie\n\nFor further Information on Xtract please visit www.xtractenergy.co.uk\n\nAbout Xtract Energy Plc\n\nXtract identifies and invests in a diversified portfolio of early stage energy\nsector technologies and businesses with very significant growth potential. We\naim to work closely with the associated management teams to achieve critical\nproject milestones, to finance later development stages and to build and\ncrystallise value for all shareholders and partners.\n\nXtract is supported by its cornerstone investor, Cambrian Mining Plc (AIM:CBM) a\ndiversified resource investment house which holds 51.6% of issued share capital.\n\nA short description of the principal assets of Xtract is set out below. These\nassets are either held directly or through wholly owned subsidiaries of the\nCompany.\n\nMEO Australia\n\nMEO is focused on developing gas-to-liquids ('GTL') projects in the Timor Sea\nAustralia, in an area of shallow water known as Tassie Shoal. It has secured\nCommonwealth Government environmental approvals for two large scale (1.8 Mtpa)\nmethanol plants (50 per cent. interest) and a 3 Mtpa LNG plant (100 per cent.\ninterest) which are adjacent to the Evans Shoal gas field.\n\nElko Energy\n\nElko is an oil & gas exploration company which has an interest in a 5,370km2\nexploration and production licence in the Danish North Sea and an investment in\nDragon Energy Inc, a private Canadian company, with a development project in\nGansu Province, China.\n\nWasabi Energy\n\nWasabi is a diversified ...