31st Jul 2007 14:32
Xtract Energy plc31 July 2007 31 July 2007AIM: XTR XTRACT ENERGY PLC ("Xtract" or the "Company") AGM This announcement replaces RNS announcement number 2126B which was releasedin error and should be disregarded. The Company announces that the resolutions proposed at the annual generalmeeting of the Company held earlier today were all duly passed. Enquiries please contact: Xtract Energy plcAndy Morrison, CEO +44 (0) 20 7079 1798 Smith & Williamson Corpororate Finance LimitedDavid Jones +44 (0) 20 7131 4000Azhic Basirov For further Information on Xtract and to view the information to be disclosedunder AIM Rule 26 please visit www.xtractenergy.co.uk About Xtract Energy plc Xtract identifies and invests in a diversified portfolio of early stage energysector technologies and businesses with very significant growth potential. Weaim to work closely with the associated management teams to achieve criticalproject milestones, to finance later development stages and to build andcrystallise value for all shareholders and partners. A short description of the principal assets of Xtract is set out below. Theseassets are either held directly or through wholly owned subsidiaries of theCompany. MEO Australia MEO is focused on developing gas-to-liquids ("GTL") projects in the Timor SeaAustralia, in an area of shallow water known as Tassie Shoal. It has securedCommonwealth Government environmental approvals for two large scale (1.8 Mtpa)methanol plants (50 per cent. interest) and a 3 Mtpa LNG plant (100 per cent.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 5,400km2exploration and production licence in the Danish North Sea and an investment inDragon Energy Inc, a private Canadian company with a development project inGansu Province, China. Wasabi and Aviva Wasabi is a diversified investor in renewable energy and low greenhouse emissiontechnologies, with interests in geothermal waste/heat, uranium exploration inAustralia'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 mostadvanced assets being the Central West Project in Australia. Central Asian Interests Xtract's Central Asian interests include a production sharing agreement withKyrgyzneftegaz to instigate a water injection project on the Beshkent- Togap oilfield. Xtract also holds interests in several exploration licences in the TashKumyr area and in the Toktogul exploration licence. Oil ShaleXtract has oil shale and related petroleum product exploration rights overmining tenements in the Julia Creek area of Queensland and has recently beengranted an exploration permit which gives rights to explore for oil shale in anarea in the South of New Zealand. It is investigating the commercial productionof hydrocarbons (crude oil) from oil shale. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Xtract