New Accounting Ref Date

Xtract Energy plc
24 January 2007

24 January 2007                                                   AIM: XTR 
                               XTRACT ENERGY PLC
                          ('Xtract' or the 'Company')

                      Change of Accounting Reference Date

Xtract announces that it has changed its accounting reference date from 
31 December to 30 June.  The reason for this change is to align the Company's 
accounting reference date with that of its parent company, Cambrian 
Mining Plc. The next results to be announced will cover the 12 months ending 
31 December 2006 and subsequently the 18 months ending 30 June 2007.

Enquiries:

Xtract
John Newton 020 7409 0890
Director


About Xtract Energy Plc

Xtract's prime assets are its interest in shale oil deposits at Julia Creek in 
Queensland, Australia and a joint venture with the Australian research group, 
CSIRO, to develop a process for extracting oil from shale deposits.  The initial
validation tests, comprising small scale batch extractions of oil from the 
shale, have demonstrated that recovery from Xtract's Julia Creek shales in 
Queensland, Australia, would be in the order of 150 litres of light crude oil 
per tonne of shale.  Earlier conventional retorting experiments indicated that 
the conversion of kerogen to oil yielded about 74 litres of oil per ton of 
shale.

Applying this rate of yield increase to the yields of 50 - 65 litres per tonne 
used in Xtract's AIM admission document in relation to certain of Xtract's 
Julia Creek leases results in estimated in-situ shale oil resources of over 1.6 
billion barrels of oil.


Other energy assets held by Xtract are:

   • Approximately 64.6% of Cambrian Oil and Gas Plc ('COIL') which is
    developing oil and gas assets in the Kyrgyz Republic. COIL also owns 25% of
    the issued share capital of ASX listed Methanol Australia Ltd ('MEO'). MEO
    is focused on developing a gas-to-liquids project in the Timor Sea,
    approximately 275 km northwest of Darwin, Australia, in an area known as
    Tassie Shoal. It has secured Australian Commonwealth Government
    environmental approvals for two large scale (1.8 mtpa) methanol plants (50%
    interest) and a 3 mtpa LNG plant (100%), which is the only new Australia LNG
    project to receive its Commonwealth Government environmental approvals.

   • Approximately 15% of Wasabi Energy Limited which has rights to the
    Kallina power technology, uranium exploration interests in the Northern
    Territory, Australia, interests in the newly-formed Evolution Energy joint
    venture to produce bio-diesel fuel in Australia and in a coal deposit in
    Canada.

   • Approximately 18.6% of Aviva Corporation Limited with promising thermal
    coal deposits in the mid-west of Western Australia.



                      This information is provided by RNS
            The company news service from the London Stock Exchange