Last checked at 1 Nov 2012 10:38
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
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+44 (0) 207 581 4477 +44 (0) 207 581 4477
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Cenkos Securities Plc | Jon Fitzpatrick Alan Stewart | +44 (0) 207 397 8900 +44 (0) 131 220 6939
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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