Investment Update

Xtract Energy plc
18 April 2008

18 April 2008                                                          AIM: XTR

                               Xtract Energy Plc
                           ('Xtract' or the 'Company')

                             Further investment in
                                 MEO Australia

Xtract Energy plc, through the Company's wholly owned subsidiary Xtract 
International Ltd ('Xtract International'), has recently acquired an additional 
762,954 shares in MEO Australia Limited ('MEO') through on market purchases for 
a total cash consideration of A$198,868.

Following these purchases Xtract (through Xtract International) holds 63.5 
million shares in MEO, representing approximately 16.5% of MEO's issued share 
capital.

Enquiries please contact:

Xtract Energy plc               Andy Morrison, CEO          [phone]

Smith & Williamson              David Jones                 [phone]
Corporate Finance Ltd           Azhic Basirov

Scott Harris                    Stephen Scott               [phone]
                                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 Investments Holdings Limited holds approximately 50.1% 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. MEO made a loss

before tax of approximately A$3.2 million for the year ended 30 June 2007 and
its net asset value as at 31 December 2007 was approximately A$155.4 million.

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 was 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