Business
Annual report and accounts and Notice of AGM
Annual report and accounts and Notice of AGM.
About this update from Xtract Resources Plc
[{"type":"text","content":"\n \n\n\n\n24 November 2009\n\nAIM: XTR\n\n XTRACT ENERGY PLC\n (\"Xtract\" or the \"Company\")\n\n Annual report and accounts\n\nThe Company confirms that copies of its annual report and accounts\nfor the year ended 30 June 2009 and a circular to shareholders,\nincluding a notice of annual general meeting, to be held on 18\nDecember 2009 at the offices of Trowers & Hamlins LLP, Sceptre Court,\n40 Tower Hill, London EC3N 4DX, have today been posted to\nshareholders and are available on the Company's website,\nwww.xtractenergy.co.uk.\n\nThe resolutions to be proposed at the annual general meeting include\na resolution to adopt new articles of association.\n\nEnquiries please contact:\n\n\nXtract Energy Andy Morrison, CEO +44 (0)20 3205 1148\n\nSmith & Williamson David Jones +44 (0)20 7131 4000\nCorporate Finance Azhic Basirov\n Barrie Newton\n\n\n\n\nAbout Xtract Energy\n\nXtract identifies and invests in a diversified portfolio of early\nstage energy sector technologies and businesses with significant\ngrowth potential. The Company aims to work closely with the\nassociated management teams to achieve critical project milestones,\nto finance later development stages, and to build and crystallise\nvalue for all shareholders and partners.\n\nFor further information on Xtract please visit www.xtractenergy.co.uk\n\nA short description of the principal assets of Xtract is set out\nbelow. These assets are either held directly or through wholly owned\nsubsidiaries of the Company.\n\nExtrem Energy AS (\"Extrem Energy\")\n\nExtrem Energy is an exploration and production joint venture with\nMerty Energy of Turkey. The JV's aim is to create a new medium-sized\noil and gas exploration and production business, initially focused on\nTurkey where Merty Energy has particular experience and expertise.\nExtrem Energy has a portfolio of licence interests including the high\npotential prospect at Candarli Bay in south-west Turkey. Xtract owns\n34% of the issued share capital of Extrem Energy.\n\nElko Energy Inc. (\"Elko\")\n\nElko is a Canadian registered oil & gas exploration company which has\ninterests in exploration and production licences in the Danish and\nDutch North Sea. Its major asset is in the Danish North Sea; an 80%\ninterest on 26 offshore blocks in a 5,400 sq km exploration and\nproduction licence close to the prolific Cen...