Directorate Change

Xtract Energy plc 15 January 2008 15 January 2008 AIM: XTR XTRACT ENERGY PLC ('Xtract' or the 'Company') Mark Nichols Appointed Non Executive Director The Board of Xtract is pleased to announce the appointment of Mark Nichols as an independent Non- Executive Director of the Company. Mark has been appointed effective as of 15 January 2008 and he will become a member of the Audit and Remuneration committees. Mark James Nichols (aged 50) is a qualified accountant who has over 20 years' experience in the energy and related services sectors, with the major French oil company Total S.A. and with BOC Group Plc. He is currently employed as Director of Strategy and Organisational Development for Laing O'Rourke, the privately-owned construction firm. Mark will take responsibility in particular for advising and supporting Andy Morrison and the Board with respect to investment decisions and governance matters. Andy Morrison commented: 'I have known Mark for a number of years and I am delighted to welcome him to the Board of Xtract Energy Plc. His combination of high-level management skills and business development acumen will be a great asset to us as we move into the next stages of our company development'. The following are Mark's current directorships and those held within the last five years: Current directorships Past directorships Xoteric plc None Mark currently holds 170,000 ordinary shares in the Company and will today receive options exercisable as follows: 250,000 options exercisable at a price of 8p for three years from today; 250,000 options exercisable at a price of 10p for three years from 15 January 2009; and 250,000 options exercisable at a price of 12p per share from 15 January 2010. There are no other details to be disclosed pursuant to Rule 17 or to Schedule two paragraph (g) of the AIM Rules for Companies. Enquiries please contact: Xtract Energy plc Andy Morrison, CEO +44 (0) 20 7079 1798 Smith & Williamson Corporate David Jones +44 (0) 20 7131 4000 Finance Limited Azhic Basirov Scott Harris Stephen Scott +44 (0) 20 7653 0030 Annabel Michie For further Information on Xtract please visit www.xtractenergy.co.uk About Xtract Energy Plc 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. Xtract is supported by its cornerstone investor, Cambrian Mining Plc (AIM:CBM) a diversified resource investment house which, together with its wholly owned subsidiary Cambrian Investment Holdings Ltd, holds approximately 50.34% of the issued share capital of the Company. 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 per cent. interest) which are adjacent to the Evans Shoal gas field. Elko Energy Elko is an oil & gas exploration company which has an interest in a 5,370km2 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 Energy 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. 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. Xtract is also available for trading on the open market segment of the Frankfurt Stock Exchange (ticker R9X.FSE). This information is provided by RNS The company news service from the London Stock Exchange
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