TXO TXO

RNS Number:3400R
TXO PLC
15 September 2005



PRESS RELEASE

For immediate release: 15 September 2005

TXO plc

                          2005/06 Q1 PRODUCTION UPDATE

In line with the policy outlined in its Annual Report and Accounts for 2005
published earlier this year, TXO is pleased to announce the first quarterly
update on its oil production activities. This update covers the period 1 April
2005 to 30 June 2005.

Production in the three months to 30 June 2005 was 11,202 barrels, compared to
8,510 barrels in the three months to 31 March 2005.

Production in the three months to 30 June 2005 can be broken down as follows:

   *April 2005: 3,419 barrels
   *May 2005: 3,647 barrels
   *June 2005: 4,136 barrels

At 1 April 2005, TXO had 76 wells in production. This number had risen to 90
wells in production by 30 June 2005, of which 25 were 100% owned by TXO.

Mike Chandler, CEO of TXO plc said: 'I am very pleased to announce this update
on our production activities. The increase in oil production from April to June
illustrates the success of our strategy of significantly increasing the number
of wells worked over.'

For further information, please contact:

TXO plc
Andrew Glendinning, Finance Director                 020 7863 8852

Aquila Financial Limited
Peter Reilly                                         020 7849 3319
peterreilly@aquila-financial.com

Notes to Editors

TXO plc is an oil and gas exploration and production company focusing on onshore
wells in the Woodbine Field in East Texas, USA. It uses modern technology to
re-open inactive wells, previously shut in due to low oil price, and bring them
back into production.



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

END
TSTQELFFEKBXBBF

TXO Plc (LSE:TXO)
Gráfica de Acción Histórica
De Jun 2024 a Jul 2024

TXO Plc (LSE:TXO)
Gráfica de Acción Histórica
De Jul 2023 a Jul 2024