Directorate Change

RNS Number : 0934Q

Xtract Energy plc

01 November 2012

 



1 November 2012

AIM: XTR

XTRACT ENERGY PLC

("Xtract" or the "Company")

Directorate Change

Xtract Energy Plc announces that Alan Hume, Finance Director has resigned from the Board with immediate effect.

Commenting Peter Moir, CEO of Xtract, stated

"I would like to thank Alan for all his hard work and wish him all the best for the future. "

Enquiries please contact:

Xtract Energy Plc	Colin Bird, Executive Chairman Peter Moir, CEO	[phone] [phone]
Cenkos Securities Plc	Jon Fitzpatrick Alan Stewart	[phone] [phone]

About Xtract Energy

Xtract identifies and invests in a portfolio of early stage oil and gas assets and business interests with significant growth potential. The Company aims to work closely with the associated management teams to achieve critical project milestones, to finance early stage asset and business development activity, and then to finance the asset development phase, or if appropriate to crystallise value for all shareholders at a suitable exit point. Xtract aims to achieve returns for our shareholders through access to the significant upside rewards associated with our investments.

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

 

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