Issue of Equity

Xtract Energy plc
29 May 2007

                       Xtract Energy Plc ('the Company')
                              Exercise of Warrants

29 May 2007

Xtract Energy plc ('the Company') announces that today it issued and allotted
15,000,000 ordinary shares in the capital of the Company ('Ordinary Shares')
following receipt of a notice of exercise of warrants in the Company. The
exercise price for the Warrants was 1p per share.

Application will be made for the new Ordinary Shares to be admitted to trading
on AIM. The new Ordinary Shares will rank pari passu with the existing Ordinary
Shares in the Company and trading of these shares on AIM is expected to commence
on 4 June 2007.

The total number of Ordinary Shares in issue following these issues will be
704,226,476.



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