Investment Company in the Oil and Gas Sector
TXO Plc is an investing company under the AIM Rules. TXO Plc will use the cash raised in April 2011 of approximately £1.1 million to implement a new investing policy.
TXO's proposed strategy is to establish a new policy to acquire mainly significant minority interests in both listed and unlisted companies and/or assets which the Directors believe represent opportunities to create Shareholder value, specifically within the hydrocarbon resource sector, with a focus on North and South America, although such companies may operate worldwide. The focus will be on oil and gas resource situations which are either established resources with the ability to be: be increased through additional exploration; and/or be brought into production, or associated related service companies in this sector. TXO will be an active investor.
Such investments may result in TXO acquiring the whole or part of a company or project. TXO's investments may take the form of equity, joint venture debt, convertible instruments, licence rights or any other financial instruments as the Directors deem appropriate.