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13:35GMT 06Nov2009-Xtract Energy sinks as well testing suspended

Shares in exploration company Xtract Energy sink over 20 percent and to their lowest level since August after the company says that its Turkish joint venture Extrem Energy has suspended testing on its Alasehir-1 well.
The company says in a statement: "Well conditions encountered were worse than expected and several attempts to repair the cement bonds were not successful."
The stock, which had been trading slightly higher on the day at 4.5 pence immediately before the statement, is trading down 24 percent at 3.25 pence by 1351 GMT.
To see Xtract's statement please click on

Reuters messaging rm://ben.deighton.thomsonreuters.com@reuters.net
13:11GMT 06Nov2009-Tribal up; Shore Cap starts as "buy"

Shares in Tribal Group rise 5.7 percent as Shore Capital initiates its coverage on the British public-sector consultant with a "buy" rating, citing strong cash flow and valuation attractions, alongside growing market opportunity. The broker says Tribal has built positions in key public sector markets and expects "acquisitions to continue, but with a greater focus in building a cohesive business targeting growth opportunities in specific vertical markets."
Shore Capital says although the company faces near-term challenges, which include potential cuts in public spending, opportunities offset headwinds, while the 2010 price earnings multiple of 5.6 time offers value with a free cash flow yield of 17.3 percent.

Reuters Messaging rm://david.brett.reuters.com@reuters.net
12:29GMT 06Nov2009-UK small caps gain 0.1 pct midday

The FTSE Small Cap index gain 0.1 percent in midday trade, while the blue chips rise 0.2 percent and the midcaps are 0.7 percent higher.
Hutchison China Meditech climbs more than 5 percent, extending gains made the previous session after positive drug data, with Panmure Gordon raising its target price for the firm to 200 pence from 187 pence and repeating its "buy" rating.

IQE, a supplier of semiconductor wafer products, falls 2.7 percent after Panmure Gordon downgrades its rating to "hold" from "buy" and cuts its earnings forecasts for the firm, citing possible supply chain issues with its biggest customer Triquint. Reuters Messaging rm://tricia.wright1.reuters.com@reuters.net
12:11GMT 06Nov2009-IQE down; Panmure cuts to "hold"

Shares in IQE fall 2.7 percent after Panmure Gordon downgrades its rating to "hold" from "buy" and cuts the firm's earnings forecasts, citing possible supply chain issues with its biggest customer Triquint.
"It appears that Triquint may be losing some share to Skyworks," says the broker in a note.
"This is a negative dynamic for IQE (a supplier of wafer products) and means it is unlikely to benefit from smartphone growth and potential for restocking as much as we hoped," it adds.
Panmure lowers its 2009 and 2010 earnings per share forecasts by 35 percent and 26 percent respectively, and lowers its target price to 18 pence from 19 pence.

Reuters Messaging rm://david.brett.reuters.com@reuters.net
11:31GMT 06Nov2009-Desire Petroleum, Rockhopper up on IC tip

Shares in Falklands oil and gas explorer Desire Petroleum and its partner Rockhopper rise by 4.3 and 5.2 percent respectively after comment in the Investors Chronicle sparks investor support for oil companies with assets in the region.
"There's a mention in the Investors Chronicle and Rockhopper, Desire Petroleum and Borders & Southern Petroleum (up 2.4 pct) are all getting pulled up as a sector move," a trader says.
"Access to the area has always been a problem in the past and it looks like they (Desire and its partners Rockhopper) managed to get a rig out there which opens it up a lot," he says.
For more please see

Reuters messaging rm://sharon.lindores.reuters.com@reuters.net
11:18GMT 06Nov2009-Hutchison Chi-Med up on drug data

Shares in Hutchison China Meditech rise 5 percent, extending the previous session's gains, after Panmure Gordon raises its target price to 200 pence from 187 pence and repeats its "buy" rating after positive drug data.

Panmure Gordon says phase IIb data, announced on Thursday, achieved by the China-focused firm's drug candidate HMPL-004 in the treatment of Ulcerative Colitis is "overwhelmingly positive".
"It also removes a significant downgrade risk of the company not being able to license HMPL-004 ... the data should be compelling enough to attract licensing partners," the broker says in note.
For more double click on

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Investment Update

6 November 2009

AIM: XTR

("Xtract" or the "Company")
Investment Update - Extrem Energy

Xtract Energy Plc ("Xtract") provides the following update on operations in the Alasehir licence area at its Turkish joint venture Extrem Energy A.S. ("Extrem Energy").

Alasehir-1 Production Test

As announced on 21 September 2009, the Alasehir-1 well was re-entered on 19 September with a view to testing production from five intervals and, if successful, combining it with production planned from the Sarikiz-2 well. On 5 November, Extrem Energy took the decision to suspend further testing work on the well. Unfortunately, well conditions encountered were worse than expected and several attempts to repair the cement bonds were not successful. Some oil and water was produced from early attempts at production testing in two of the five intervals, but poor well conditions meant that it was not possible to determine with any confidence the actual composition of the reservoir fluids. Delay was encountered in awaiting specialist tools, but these did not in the end provide a solution.

The failure of the production test is inconclusive as to the presence or not of commercial oil at Alasehir as it was not possible to isolate the target intervals to test them. It is therefore not possible to provide an estimate of the oil in place in the Alasehir part of the field at this time. Extrem Energy will review alternative approaches for the exploration and appraisal of the Alasehir part of the field in light of this development.

In view of the difficulties faced at Alasehir-1, Extrem Energy has decided to next drill a new well Sarikiz-3 on the Sarikiz part of the field rather than carry out the previously announced re-entry of East Sarikiz-1. This will enable the drilling rig to catch up time lost at Alasehir-1. If it is decided to re-enter East Sarikiz-1 at a later date, a cheaper work-over rig may be used. An update on plans for Sarikiz-3 will be provided as soon as possible.

Sarikiz-2 Production

On a brighter note, preparation for commercial production from Sarikiz-2 has advanced considerably since the last update on 27 August 2009. Separation and storage facilities required at the well site are in place and discussions with the Tupras refinery at Izmir have confirmed their willingness and ability to buy the crude oil
produced. The necessary government permits for extended test

production have been applied for and are expected to be in place to enable production to commence in the second half of November. Although the commencement of production is a little later than originally expected, its start will nevertheless mark an important milestone for Extrem Energy.

Alasehir/Sarikiz Field Development

In order to help inform decision-making by Xtract in relation to the Alasehir concession, Xtract commissioned a recognised independent expert firm to make an initial evaluation of work to date on the Alasehir concession area. The work was conducted during October 2009 and included site visits to Alasehir, data review and discussions with partner Merty Energy.

In their report, the independent experts acknowledged that Sarikiz-2 represents an interesting new discovery and that the well has proven the presence of an active petroleum system in the basin whilst cautioning that much remains to be done to determine the extent of the fields and therefore before long-term commercial projections can be made. On the basis of the data supplied by Extrem Energy during the visit of the experts, the experts estimated the P50 prospective resources to be 96mbbl oil in place in the Sarikiz field and applied a recovery factor of 14% resulting in a corresponding 13mbbl estimate for recoverable oil. These estimates are significantly lower than Extrem Energy's previously published estimates of P50 oil in place of 371mbbl and recoverable oil of 74mbbl based on a recovery factor of 20%. In addition to the different recovery factors, the principal reasons for the differences lie in the assumptions made in relation to: (i) mean thickness of oil bearing areas (Extrem Energy - 50m; Expert - 25m); and (ii) the mean area of the oil bearing field (Extrem Energy - 13km2; Expert - 10km2). Following a review of the expert's report, Extrem Energy has confirmed its own previously published estimates and it should be noted that until further exploration and appraisal is conducted within the concession area, any volumetric estimates of oil in place are subject to a high degree of uncertainty. The assessments provided by both Extrem Energy and the independent expert are based on a geological model arising from seismic and geochemical analysis that has not yet been validated (or invalidated) by drilling data.

The scope of work required of the expert did not amount to a fully fledged "Competent Persons Report". It is intended that such a report including the applicable resources categories and estimates will be prepared in early 2010, once production is established.

In the opinion of the independent experts, Xtract has an interesting and capable partner in Merty Energy, but Xtract needs to play its full role as a non-operating partner to ensure success. Steps are already being taken to strengthen operating procedures and to start to build an independent management team at Extrem Energy.

Further updates will be provided as appropriate.

The information above relating to resource estimates has been provided using the SPE standards and includes the following terms: "mbbl" (million barrels); "P50" (midcase scenario in relation to reserve expectations.

The above information has been reviewed and approved by Ongun Yoldemir, Managing Director of Extrem Energy, who has a masters degree in geological engineering and worked as an explorationist in the oil and gas sector in the Middle East, Kazakhstan, Azerbaijan, and North Sea, has over 28 years' experience in the resource and energy sector and is a member of the American Association of
Petroleum Geologists, European Association of Geologists and

Engineers, the Society of Exploration Geophysicists and several related Turkish institutions.

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.

---END OF MESSAGE---

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

Investment Update

24 September 2009

AIM: XTR

("Xtract" or the "Company")
Investment Update - Wasabi Energy and Elko Energy

Further to the announcement dated 14 September 2009, Xtract Energy Plc ("Xtract") announces that it has exchanged its remaining holdings in Wasabi Energy Ltd ("Wasabi") for a total of approximately £65,000 in cash plus 1,775,000 shares in Elko Energy Inc ("Elko").

Following completion of the arrangement, Xtract no longer holds any interest in Wasabi and has increased its holding in Elko to 36,775,000 shares, representing approximately 36.8% of the issued capital of that company.

Commenting on the transaction, Andy Morrison, CEO of Xtract said, "We are pleased to conclude this arrangement which further simplifies Xtract's portfolio and increases focus on our core oil and gas interests".

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.

---END OF MESSAGE---

---END OF MESSAGE---

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

Investment Update

21 September 2009

AIM: XTR

("Xtract" or the "Company")
Investment Update - Extrem Energy

Xtract Energy Plc ("Xtract") is pleased to provide the following update on operations at its Turkish joint venture Extrem Energy A.S. ("Extrem Energy") in connection with the re-entry and completion of the Alasehir-1 well on the Alasehir licence area.

The required drilling equipment mentioned in the announcement dated 27 August 2009 was received and the rig was mobilised to the well site, arriving on station on 17 September. The well was re-entered on 19 September. During operations, flammable gas from the perforation intervals made during former operations in 1999 was observed and burned at the surface. Today, it is planned that those zones will be sealed by a bridge plug. After their isolation CBL-VDL logging will be undertaken to check the integrity of the pre-existing casing and the cement bond. Depending on the results of the logs, some minor repairs to the casing will be carried out. Once this is complete, perforation and flow testing will commence.

According to the work programme, five intervals have been selected for testing ranging in depth from 1573m to 1802m. If commercial oil flow rates are confirmed, Extrem Energy intends to combine production with that planned from Sarikiz-2 well, using the surface facilities that are being prepared at that site. The Sarikiz-2 site is expected to become the hub for development of both the Alasehir and Sarikiz oil fields. The total duration of production testing and well completion is estimated to be 30 days.

An estimate of the total oil in place in the Alasehir field will be made following the production test.

Further updates will be provided as appropriate.

The above information has been reviewed and approved by Ongun Yoldemir, Managing Director of Extrem Energy, who has a masters degree in geological engineering and worked as an explorationist in the oil and gas sector in the Middle East, Kazakhstan, Azerbaijan, and North Sea, has over 28 years' experience in the resource and energy sector and is a member of the American Association of
Petroleum Geologists, European Association of Geologists and

Engineers, the Society of Exploration Geophysicists and several related Turkish institutions.

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 35.0% 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.

Wasabi Energy Ltd ("Wasabi")

Wasabi (ASX: WAS) is a diversified investor in traditional and renewable energy technologies. Amongst its listed assets it holds approximately 38% of Rum Jungle Uranium Ltd (ASX: RUM) which has interests in uranium exploration licenses covering some 4,150 sq km
of Australia's Northern Territory and approximately 12.5% of

Greenearth Energy Ltd (ASX:GER) which aims to explore and develop geothermal resources in Australia and the wider Pacific Rim. Xtract owns approximately 2.9% of the issued share capital of Wasabi.

---END OF MESSAGE---

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.