TXO TXO

TIDMTXO

RNS Number : 3245L

TXO PLC

09 August 2013

   FOR IMMEDIATE RELEASE                                                     9 August 2013 

TXO PLC

("TXO" or the "Company")

AMENDMENT OF TERMS OF CERTAIN OF THE EXISTING CONVERTIBLE LOAN NOTES

Further to the announcement on 28(th) June 2013, the board of TXO Plc are pleased to announce that a further GBP125,000 of the existing Convertible Loan Note Holders ("CLN") Holders have agreed to an amendment in their CLN to extend the term of the CLNs from 31 December 2013 to 31 October 2014.

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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