Xtract Energy plc announced that Raju Samtani, Finance Director of Tiger Resource Finance Plc, will be appointed to the Board of Xtract as Executive Director with immediate effect. Raju Samtani is currently Finance Director of Tiger Resource. He is a qualified Chartered Management Accountant with a breadth of experience in financial management and corporate finance.

Over the last 10 years, he has played a key role in the formation and development of several publicly listed companies predominantly in the natural resource sector. He has also held senior managerial positions for various AIM /Johannesburg Stock Exchange listed companies and has also been involved in the investment business sector. More recently, he was a founder member and Director of Kiwara Plc which was acquired by First Quantum Minerals Ltd. in January 2010.