Xtract Energy plc

XTRACT ENERGY PLC is incorporated and registered in England and Wales with company number 5267047. It was established in October 2004 (as then Resmex plc) to invest in energy and mineral resources in Europe, North America and Australia. It was admitted to trading on AIM on 29 March 2005.

Xtract identifies and invests in a diversified portfolio of early stage energy sector technologies and businesses with very significant growth potential. We aim 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.

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

MEO Australia
MEO is focused on developing gas-to-liquids (‘GTL’) projects in the Timor Sea Australia, in an area of shallow water known as Tassie Shoal. It has secured Commonwealth Government environmental approvals for two large scale (1.8 Mtpa) methanol plants (50 per cent. interest) and a 3 Mtpa LNG plant (100 percent interest) offshore located in the heart of the gas fields.

Elko Energy
Elko is an oil & gas exploration company which has an interest in a 5,400km2 exploration and production licence in the Danish North Sea and an investment in Dragon Energy Inc, a private Canadian company, with a development project in Gansu Province, China.

Wasabi and Aviva
Wasabi is a diversified investor in renewable energy and low greenhouse emission technologies, with interests in geothermal waste/heat, uranium exploration in Australia’s Northern Territory and biodiesel investments in Victoria.

Aviva is quoted on the Australian Stock Exchange with its head office in Perth, Western Australia. Aviva is growing a portfolio of energy assets with its most advanced assets being the Central West Project in Australia.

Central Asian Interests
Xtract’s Central Asian interests include a production sharing agreement with Kyrgyzneftegaz to instigate a water injection project on the Beshkent- Togap oil field. Xtract also holds interests in several exploration licences in the Tash Kumyr area and in the Toktogul exploration licence.

Oil Shale
Xtract has oil shale and related petroleum product exploration rights over mining tenements in the Julia Creek area of Queensland and has recently been granted an exploration permit which gives rights to explore for oil shale in an area in the South of New Zealand. It is investigating the commercial production of hydrocarbons (crude oil) from oil shale.