TIDMTXO

RNS Number : 4924I

TXO PLC

03 July 2013

FOR IMMEDIATE RELEASE

TXO PLC

("TXO" or the "Company")

TOG UPDATE

Tasmania Oil and Gas Ltd's Exploration Licence Appeal Adjourned

The Directors of TXO plc the AIM-listed oil and gas investment company, have been informed that the appeal in respect of Licence EL14/2009, onshore Tasmania has been adjourned to 30th August.

The appeal was scheduled to be heard on 3 - 5 July 2013.

Further announcements will be made in due course.

For background to the licence and the appeal please see the announcement dated 15 May 2013.

3 July 2013

For further information, please contact:

TXO PLC

   Tim Baldwin, Chairman                     +44 (0) 207 518 4300 
   Fox-Davies Capital Limited                +44 (0) 20 3463 5000

Susan Walker / Richard Hail

Lothbury Financial Services Limited

   Michael Padley / Chris Roberts       +44 (0) 203 440 7620

Editors' Note

TXO plc, the AIM quoted oil and gas investment company, has two main investments namely: Tasmania Oil and Gas Ltd ("TOG") which is a joint venture company set-up to exploit a gas and oil opportunity in Tasmania, Australia, and The Grand Bahamas Group Limited ("GBG") which is establishing a waste oil collection facility and Hydrocarbon Recovery Plant in the Bahamas at Freeport and also produces oil from its leases in Western Kentucky, USA.

TXO currently holds a 30.17% equity interest in GBG, with the option to increase this by 13.01%, and a 25% equity interest in Tasmania Oil and Gas Limited ("TOG") the joint venture company, which could increase to 31.96% if a convertible loan is exercised.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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