TXO plc

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Above: Production facility

Latest...

19/02/10
2009/10 - Q3 Production Update

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22/12/09

Unaudited Interim Results For the period ended 30 September 2009

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03/12/09

2009/10 - H1 Production Update

TXO (AIM: TXO), an independent oil and gas exploration and production company announced today that oil production in the six months to 30 September 2009 was 13,221 barrels compared to 18,530 barrels for the preceding six month period to 31 March 2009.

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03/12/09

New Well Opening

TXO (AIM: TXO), an independent oil and gas exploration and production company announced today that it has started production on a new well on its Randle Fair Christian Lease.

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02/11/09

Total Voting Rights

TXO, for the purposes of the Disclosure and Transparency Rules of the Financial Services Authority, announce the following:

As at the date of this announcement, the Company's issued share capital consists of 93,469,292 Ordinary Shares with a nominal value of 0.1p each, with voting rights ("Ordinary Shares"). The Company does not hold any Ordinary Shares in Treasury. Therefore the total number of Ordinary Shares in the Company with voting rights is 93,469,292.

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23/10/09

Result of AGM, Share Capital Reorganisation

At the Company's Annual General Meeting held today, all resolutions were passed. An ordinary resolution approved the Share Capital Reorganisation, the effect of which will be to sub-divide each ordinary share of 5p each into 1 new ordinary share of 0.1p each and 1 deferred share of 4.9p each.

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15/10/09

Update on the Lower Woodbine

TXO plc announced today that lower stringers have been encountered in both the Number 6 and Number 1 wells that have been deepened on the Randle Fair Christian Lease.

The Randle Fair Christian Lease is operated by MC Production and Drilling Co. Inc. and is co-owned by TXO's US subsidiary, TOGS Energy Inc.

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13/10/09

Update on Director's Dealings

Further to the announcement of 12 October 2009, the Board of Directors of TXO can now confirm that on 9 October 2009 Richard Harvey purchased in the market 500,000 ordinary shares in the Company at a price of 2.5p per share. Accordingly Mr Harvey now owns 1,000,000 ordinary shares, representing 1.06% of the Company's issued share capital.

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12/10/09

Director/PDMR Shareholding

The Board of Directors of TXO was informed on 9 October 2009 that on that date Richard Harvey purchased in the market 500,000 ordinary shares in the Company. Accordingly Mr Harvey now owns 1,000,000 ordinary shares, representing 1.06% of the Company's issued share capital.

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29/09/09

Annual Report and Accounts 2009, Notice of AGM, 

Proposed share capital reorganisation

The Company will tomorrow be posting to Shareholders the Annual Report and Accounts 2009, and the Notice of Annual General Meeting (“AGM”).  The AGM will be held on 23 October 2009 at 11.00 am at the Trafalgar Room, the Institute of Directors, 116 Pall Mall, London SW1Y 5ED and will include the proposal of a special resolution to approve a share capital reorganisation, an explanatory note of which is set out at the end of this announcement.

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24/09/09

Board Change

The Board of Directors of TXO is pleased to announce the appointment of Mr Richard Harvey as Non-Executive Chairman of the Company. The appointment is effective immediately.

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21/09/09

Change of Registered Office

The Company announces that with effect from 25 September 2009, the registered office will change to 35 Vine Street, London EC3N 2AA.  

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24/07/09

TXO enters Joint Venture Agreement

TXO plc ('TXO') is pleased to announce that TOGS Energy Inc, its wholly owned Texas oil and gas company with interests in 348 wells has entered into a joint venture agreement with Endeavor Power Corp ('Endeavor'), a US based energy company.  This joint venture calls for the continued reworking, further development and completion of six (6) wells in the Randle Fair Christian Lease (the 'Lease') located in Gregg County, Texas. All Lease Operations will be conducted by M-C Production & Drilling Company, Inc.

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15/05/09

2009 Production and update

Production for the six months to March 2009 totalled 18,530 barrels compared with 19,653 in the previous six months to 30th September 2008. The production figures for the 6 months to March 2009 are as follows:

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The Company has received a claim for a 7.5% royalty override on one of its producing leases. The override represents less than 1% of our total production. The claim also affects the title of 12 of the company's 91 leases. 11 of these 12 leases are non producing leases. The Company has engaged a lawyer and is contesting this claim

 

23/12/08

Unaudited Interim Results for the six months ended 30 September 2008 -  Summary

  • Trading profit of $515,785
  • Income from early repayment of Bond $2,605,814
  • Total net assets have increased from $36,950,904  at 31 March 2008 to $39,776,206 at 30 September 2008
  • Net current assets of $29,572 at 30th September 2008 compared with net current liabilities of  $4,612,113 at 31st March 2008

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31/10/08
2008 AGM Statement
At the Annual General Meeting held earlier today the Company made the following statement to shareholders:

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06/10/08

Change to the date of the Annual General Meeting of the Company

To comply with the new provisions under the Companies Act 2006, the Company is today sending out a new notice revising the date of the AGM from Friday 12th December  2008 to Friday 31st October 2008, together with an updated form of proxy.

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30/09/08
Final results for the year ended 31 March, 2008

The Company announces its results for the year ended 31 March 2008

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30/09/08
Debt Refinancing

TXO announces settlement of the Dresdner debt.

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17/03/08
Barnwell Brawley Farmout and Well Deepening
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22/01/08
TXO Interim Results

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16/11/07
TXO Circular & Proxy

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09/05/07
Production Update

The Company is now through its year end and is not due to release its 2007 results until August 2007.

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15/01/07
Production Update

TXO plc ('TXO') is pleased to announce the quarterly update on its production activities. This update covers the period 1 July 2006 to 30 September 2006 for oil and 1 April 2006 to 30 September 2006 for gas.

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27/10/06
Blocklisting Interim Review

TXO plc makes the following notification for the period from 26 April 2006 to 25 October 2006 as required by schedule 8 of the AIM rules.

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04/09/06
Final results for the year ended 31 March, 2006

Highlights:

  • Oil production at 31 March stood at 5,475 barrels per month
  • In July 2005 acquired interests in 19 oil wells from ExxonMobil
  • In November 2005 acquired interests in 45 oil wells from Curado Energy and Midas Holdings
  • Placing of 8 million shares in November 2005 with European institutions raises $2.02 million
  • Production for the year increased by 66% to 53,751 barrels
  • Turnover for the year increased by 113% to $2,364,734

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13/06/06
2005/06 Q4 Production Update

TXO plc ("TXO") is pleased to announce the fourth quarterly update on its oil production activities. This update covers the period 1 January 2006 to 31 March 2006.

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26/04/06
Blocklisting Review

TXO plc makes the following notification for the period from 26th October 2005 to 25th April 2006 as required by schedule 8 of the AIM rules.

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21/03/06
2005/06 Q3 Production Update

TXO plc ("TXO") is pleased to announce the third quarterly update on its oil production activities. This update covers the period 1 October 2005 to 31 December 2005.

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21/03/06
IFRS Guidance

TXO plc, in preparing for the adoption of International Financial Reporting Standards (IFRS), today provides unaudited financial results prepared in accordance with IFRS for the years ended 31 March 2005 and 2004. These results have been reviewed by MRI Moores Rowland LLP, TXO's newly appointed auditors, and their report is attached.

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19/09/02
AIM Admission Document
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