This company has KNOWN oil deposits in the ground which have been independantly valued at $12 million.
Now that oil is increasing in value and a world shortage this valuation must now be worth considerably more. THE SHARE PRICE IS TOTALLY UNDERVALUED and will have to be re-rated upwards. Any views or up dates on this suggestion.

Bruce Rowan's Sunvest Group have a stake of 8.000.000 million shares or 10.8% Bruce Rowan is involved with Share Shop PLC An investment company I beleive.

Texas Oil and Gas are making real money.

Paying off well that 12.36 buy,,,GET IN THERE I CAN FEEL THE HEAT FROM HERE,,WELL,,WELL..

An interesting RNS!

Presumably 'misunderstanding' is the new 'error of judgement'?



TXO PLC
03 March 2006


TXO Plc ('TXO' or the 'Company')

3 March 2006

Holding in Company

In accordance with Rule 17 the Company announces the following trades in the
Ordinary 5p Shares by Mr. D. Parlons, a substantial shareholder in the Company.
These transactions were not previously announced due to a misunderstanding
between the Company and Mr. D. Parlons, and are announced today for
clarification.

Date Disposal Resulting Holding % held

18/05/2005 1,150,000 3,694,960 4.43%
03/06/2005 250,000 3,444,960 4.13%
04/07/2005 250,000 3,194,960 3.82%
08/07/2005 250,000 2,944,960 3.52%
12/07/2005 125,000 2,819,960 3.37%
14/07/2005 125,000 2,694,960 3.22%
02/08/2005 250,000 2,444,960 2.92%


Following the disposal on 2 August 2005, Mr. D. Parlons no longer held a
notifiable interest in the Company.

ENDS

For further information, please contact:

TXO PLC
Andrew Glendinning, Finance Director 020 7863 8852

Aquila Financial Limited
Peter Reilly 020 7202 2601




This information is provided by RNS
The company news service from the London Stock Exchange

Buying opportunity???

If, like me, you hold some (or even a lot) of shares in TXO, you will be willing a change in sentiment in the wider market. The spike back at the end of Feb indicates that thre are plenty of people waiting for this change to come - lots of volume and some big buys.

It seems to me that the next couple of months may well ark the beginning of that change.

The recent IFRS compliance changes have totally transformed the company's paper profitability. More 100% owned wells are coming on stream. The exploration side should start to become clear - always the possibility of a find. A continued high oil price is expected (demand will continue to beat supply globally and the US driving season will see oil inventories fall), a shock is increase ever more likely as the nutters around the world get into the silly summer season.

If the company can make strides to get monthly production up - which is what they are trying to do - revenue will dramatically increase and so should the share price if they can just get the market to pay attention. From where we are now, we could be looking at treble or even quadruple gains by the back end of the summer. And of course, there is always the chance that some big fish will want to buyt the whole shooting match....

Good News

LONDON (AFX) - TXO PLC, said production in the three months to 31 December 2005 was 14,009 barrels, an increase of 8 pct compared to 12,889 barrels in the three months to 30 September 2005.

Provisional figures for January indicate aggregate production of approximately 5,500 barrels.

Mike Chandler, chief executive stated: "I am delighted with the resilience shown by the oil industry, and TXO in particular, in bouncing back from the effects of hurricanes Katrina and Rita and getting production back on track. Good progress in January and February gives me encouragement that we will be reporting a continued increase in production in Q4."

The group also revised its end year accounts under IFRS guidance, returning to a pretax profit of 9.7 mln stg from 362,604 stg. newsdesk@afxnews.com ec


Oily

Oily,

Good news it is but it doews't seem to have done the trick!

To anyone out there who owns some of these - most probably like me bought at between 14 and 18p with some averaging down of late - it's time to kick the board into pushing the positive news about this company. If you are in and intersted, could you have a look at the ADVFN free bb on TXO - there's a lot of interesting stuff on their about why the price might have been kept low for so long. If you fancy a bit of board bashing, let us know on here or over ther.

steve

steve,

I think the murky relationship between Mike Chandler's two companies is holding this back.

He holds one private, and TXO, and he clearly could, and possibly does, have a conflict of interest, IMO.

The decision to workover the JOINTLY held wells first, rather than the TXO 100% owned ones, was not answered well at his Oilbarrel presentation IMO.

I can't remember what he said, but I do remember not being impressed with the answer.

He also mentioned an exploration play in Texas, that I think was going to drill in January, yet no news so far.

On the plus side, I think TXO are now approaching the point where the revenue from the existing producing wells will exceed the cost of the 10 workovers they are doing per month, and TXO will move into cashflow positive, if not actual profit.

Clearly if this is true, in six months time the production revenue will exceed costs quite substantially, and should grow exponentially from there.

However, the existing wells only produced 5,500 Barrels of oil in January, so it's still a small producer, with SEEMINGLY no chance of a sudden surge in production, or large discovery, to give the hope of a big move, like the other heavily promoted oilers such as Chaco, MAX, and MRP, IMO.

If TXO carry on with their workover program, it would appear to be more of a solid plodder of an oil stock, and a lot of the punters on BB's are (despite the risks which they are ignoring) only looking for the big rewards, and are giving a solid producer such as TXO the cold shoulder. SEY is another example of this IMO.

Andy,

Agree with the perceived conflict of interest problem - I'm waiting to hear from Andrew Glendinning on this issue as I think more transparency would help. I have also asked for an update on the exploration prog to be made available = it has been a while. (That said if it is a dud I'd rather not know!)

I don't know if you have come across the idea of a disgruntled former employee using a large allocation of shares to drip sell and depress the share price - this seems to have been going on for a while and could now have come to an end - I am waiting for a copy of the register of shreholders to confirm that the individual no longer holds enough to influence things in the future.

The spike in Feb indicates (IMO) that there are people watching and that a change in sentiment (and fortunes) could come quickly. With a potentially stable or increasing oil price, a bit of effort from the board to get some positive news out and a good final report for the year in aug, I think this could be a very different ball game in 4-6 months... On the other hand, maybe I am deluded!

Steve

Apart from owning some jointly, he of course owns the contractor for the extraction from all of them and he is paid as CEO by TXO - two more scope for conflict - not seen full accoounts ever (only RNS prelims) so don't know what his salary/bonus structure is, but is certainly bigger than the profits he is generating for sh/hoders at presetn.

I diucked out of these at 11.88 some time ago - watching from the side lines - probably miss any sugged hike. No regrets as good interests elsewhere.

sd

Steve,

Interesting post, and very proactive to request a shareholder register!

Out of interest, how much did they charge you for that?

I have heard that there is a disgruntled person selling into the market, and not sure why someone doesn't try and place his stock, rather then suffer this low shareprice to be honest.

The spike was interesting in so far as it was not apparent what caused it, and why it retraced so quickly either for that matter.

I am tempted here, but something just doesn't seem right.

Stockdog,

Some good points, and a full set of accounts may help!

Hi all,

The register costs 22.50 - just a few pints less this week! The possibility of a disgruntled person drip selling a large holding is principally what I want to find out about - ie how many shares the suspected seller has left and therefore what scope he or she has for future influence.

According to the accounts for last year on the company website, Chandler got about 86k in salary... There are also lots of good words about how much of an interest they take in communicating with their shareholders, both institutional and private....so...

HOW MANY TXO INVESTORS ARE THERE READING THIS WHO ARE INTERESTED IN GETTING THE BOARD OF THE COMPANY TO BE MORE PROACTIVE IN PUSHING WHAT IS, FUNDAMENTALLY, A GOOD STORY? Just give us a Yes or No for now and we'll work out a plan when the register is in.

Between now and what should be the first profitable end of year results, there is a window of opportunity here to make a push for positive publicity.

Steve

All gone a bit quiet here...the share register should be with me on Thursday after some admin cock ups and easter. Is anyone still watching this one?

Steve

Only me then!

The spread is a bit wide at the moment, maybe if they narrowed it we may be tempted to trade?

12%!

I'm watching and waiting also......

Andy - are you the same Andy that is on the ADVFN TXO board?

Steve

Grim isn't it ! Down again this morning...What a pile of crap this is turning out to be !

How low is this pile of cr%p going to go ?
I should have sold a long while ago, but like an idiot, I didn't

At least sp is now heading back up.... only 7p to go before I'm in breaking even !

only 3p to go before I break even on these, LOL......................!!!