TIDMTXO

RNS Number : 0007L

TXO PLC

06 August 2013

   FOR IMMEDIATE RELEASE                                                     6 August 2013

TXO PLC

("TXO" or the "Company")

DISCLOSURE OF INTEREST

DISCLOSURE OF INTEREST

TXO Plc has determined that, Swandale Limited ("Swandale") reduced its shareholding in the Company from a previously announced 5.15% to a negligible interest.

TXO reminds shareholders that are have a duty under FCA Disclosure and Transparency Rules (FCA DTR) to notify TXO when they have acquired or dispose of shares which result in a direct or indirect holding which reaches, exceeds or falls below 3%, 4%, 5%, 6%, 7%, 8%, 9%, 10% and each 1% threshold thereafter up to 100% of the voting rights of TXO. The TXO board has tried to alert Swandale of its obligation to disclose the disposal of shares, but the Company, to date, has had no response.

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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