Cambrian Mining Shareholding

Xtract Energy plc
07 April 2008

7 April 2008                                                          AIM: XTR

                               XTRACT ENERGY PLC

                          Cambrian Mining Shareholding

The Board of Xtract Energy plc ('Xtract' or 'the Company') notes the Strategic
Review announcement made today by Cambrian Mining Plc ('Cambrian') and in
particular the comments regarding Cambrian's intention to maximise and
potentially realise the value of its interests in Xtract.

Cambrian, together with its wholly-owned subsidiary Cambrian Investment Holdings
Limited, holds approximately 50.1% of Xtract's issued ordinary shares.

Xtract would like to reassure its shareholders that the Board will be working
closely with the Board of Cambrian to ensure that any divestment of Cambrian's
interest in the Company is completed in an orderly manner and in a way that aims
to ensure that value is preserved and ultimately enhanced for all shareholders.

Andy Morrison, CEO of Xtract, commented:

'Xtract welcomes the conclusion of Cambrian's Strategic Review, which removes a
significant uncertainty and provides the Company with a potential opportunity to
broaden its shareholder base which would consequently improve the liquidity of
Xtract's shares.

Xtract has developed with considerable guidance from Cambrian and has
significantly matured over the past 12-18 months. The Board of Xtract is
confident that the Company is well placed for future growth and to capitalise on
future opportunities and believes that it has a strong and diversified
investment portfolio that will generate returns for shareholders.'

Further updates will be provided as appropriate.


Enquiries please contact:

Xtract Energy plc               Andy Morrison, CEO          [phone]

Smith & Williamson              David Jones                 [phone]

Corporation Finance Ltd         Azhic Basirov

Scott Harris                    Stephen Scott               [phone]

                                Annabel Michie

For further Information on Xtract please visit www.xtractenergy.co.uk

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.

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