"Xtract Energy Exits Troubled Turkish JV And Focuses On Elko Energy
In 2009 Xtract Energy sought to reposition itself, from an energy investment company with stakes in a range of early stage energy technologies and businesses to become a slimmed down, easier-to-understand company more akin to a traditional E&P. Key to this transformation was its investment in Extrem Energy, a 50/50 joint venture with Turkish company Merty Energy that had a portfolio of exploration, appraisal and development projects in Turkey."
More:oilbarrel.com: Xtract Energy Exits Troubled Turkish JV And Focuses On Elko Energy