TXO is an investing company with a new strategy of acquiring
interests in both listed and unlisted companies and/or assets
within the hydrocarbon resource sector, with a focus on North and
South America. The focus will be on oil and gas projects which are
either established resources with the potentialto be increased
through additional exploration; and/or be brought into
With this in mind, TXO's convertible loans to Empire Energy
provide the Company with exposure to Empire's Bellevue and
Thunderbolt prospects, and TXO also now holds an equity position in
Grand Bahamas Group, who are looking to develop an oil processing
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