Investment Update

Xtract Energy plc
22 November 2007

22 November 2007                                                        AIM: XTR

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

                               Investment Update

Further to the announcement dated 5 October 2007, Xtract is pleased to
announce that Rum Jungle Uranium Ltd (ASX: RUM) yesterday successfully completed
its first day of trading on the Australian Stock Exchange. Xtract's net 13.8%
interest in Rum Jungle Uranium is held through investee company Wasabi Energy
Ltd (Xtract 36.6%).

For further information please refer to www.rumjungleuranium.com.au.

Enquiries please contact:

Xtract Energy plc              Andy Morrison, CEO      [phone]

Smith & Williamson Corporate   David Jones             [phone]
Finance Limited                Azhic Basirov          
                               
Scott Harris                   Stephen Scott           [phone]
                               Annabel Michie

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

About Wasabi
Wasabi is a diversified investor in traditional and renewable energy
technologies. Some of its most promising investments in addition to Rum Jungle
include:

Geothermal/Waste Heat Recovery
Wasabi recently formed a new joint venture with AMP Capital Partners LLC, a U.S.
based private equity fund. Pursuant to the transaction a newly incorporated
subsidiary of Wasabi, Global Geothermal Limited acquired Recurrent Engineering
LLC that is focused on the delivery of highly efficient Geothermal and Waste
heat power stations and technology. Wasabi owns 70% of Global Geothermal Limited
which brings together the intellectual property and skills needed to promote the
well-established Kalina cycle technology.

Aviva Corporation Ltd
Wasabi owns approximately 18% of Aviva Corporation Ltd (Aviva) a company listed
on the Australian Stock Exchange with its head office in Perth, Western
Australia. Following the deregulation of the Western Australian power industry
in March 2006, prospects have improved considerably. Aviva has positioned itself
as an integrated energy company providing long-term certainty for the coal
producers and power generators. In February 2007 Aviva made its first
international move, entering a joint venture on the Mmamantswe coal deposit in
Botswana.

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 (other than Wasabi) 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 5,400km2
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.

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.






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