Investment

Xtract Energy plc
24 September 2007

24 September 2007                                                     AIM: XTR

                               XTRACT ENERGY PLC
                          ('Xtract' or the 'Company')

                      Increased holding in Elko Energy Inc

Xtract is pleased to announce a further investment of US$2.0 million in Elko
Energy Inc (Elko) through a private placement. Pursuant to the private
placement, Xtract's wholly owned subsidiary Cambrian Oil and Gas Plc (COIL)
received 4million new common shares in Elko at a cost of US$0.50 each in cash.
Following the placement and the issue of an additional 300,000 common shares to
COIL in consideration for a due diligence fee payable by Elko to COIL, COIL's
total holding represents approximately 36.5% of the issued capital of Elko.

Rudy Kleiber, President and CEO of Elko commented, 'We are very pleased to have
the continuing support of Xtract as we prepare for operations in the Netherlands
sector and for exploration of our Danish interests during 2008'.

Andy Morrison CEO of Xtract commented, 'Elko has made great steps through 2007
and is well poised for the next phase of its operations. Our holding in Elko
offers investors an opportunity to participate in some of the most exciting
exploration acreage in the North Sea. It is a gem in our portfolio that we do
not expect to remain hidden for much longer'.

Enquiries please contact:

Xtract Energy plc                Andy Morrison, CEO     [phone]

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


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


About Elko Energy

Elko Energy Inc ('Elko') is a Canadian oil and gas exploration company formed in
2005 to respond to the high level of investor interest in wealth creation
through hydrocarbon exploration. Elko's area of expertise covers NW Europe,
North Africa and the Middle East.

Elko has an 80 per cent interest in a 5,370 km2 exploration and production
license in close proximity to the prolific Central Graben in the Danish North
Sea. The licence covers 26 Danish licence blocks with a 6 year exploration term
and 30 years for exploitation. Elko is an approved offshore operator in Denmark
and has set up a Danish subsidiary to hold the licence. The current partnership
is Elko (80%) and Nordsoen - a Danish government entity (20%).

In early 2007, Elko applied for two off-shore blocks in the Dutch sector of the
North Sea, both of which contain a number of drilled and tested gas bearing
structures. Block P1 has now been awarded to a consortium in which Elko will be
the operator and will retain 33% interest. Award of adjacent Block P2 is pending
and discussions continue to secure additional acreage.

In addition to its exploration assets, Elko owns 51% of Dragon Energy Inc.
('Dragon'), a private Canadian company. Dragon's principal assets are a 30%
share of the producing Kotaneelee gas field in Canada and a joint venture in
respect of the Maling oil field in Gansu province, China. ElKo's unaudited net
assets as at 31 December 2006 were approximately C$6.3 million and it made an
unaudited loss before tax of approximately C$0.9 million for the year then
ended.

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.

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) offshore located in the heart of the gas fields.

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