Cambrian Investments has disposed of 106,806,048 shares in AIM-listed Extract Energy.
Xtract Energy's share price was down 13.64% to 0.19p at 14:06 on Friday afternoon.
Xtract was established in 2004. Its strategy is to identify and invest in a portfolio of early stage oil and gas assets and business interests that it considers to have significant potential.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
MF
-
Water companies blocked from using customer money to pay “undeserved” bonusesThe regulator has blocked three water companies from using billpayer money to pay £1.5 million in exec bonuses
-
Will the Bitcoin price hit $100,000?With Bitcoin prices trading just below $100,000, we explore whether the cryptocurrency can hit the milestone.
