TXO: Potential of near-term cash flow combined with significant blue-sky
If you want straightforward then TXO (LON:TXO) is probably not the investment for you. But I would hazard a guess that most hardy stock pickers looking for the next pocket rocket on AIM want more than...
View ArticleTXO confident of its case in Tasmanian appeal
Investment company TXO (LON:TXO) has reaffirmed its view that one of its portfolio companies has been acting in accordance with the law over the disputed Tasmanian licence EL14/2009. TXO has a 25%...
View ArticleTXO expects marked improvement in trading in second half
Investment group TXO (LON:TXO) expects to reduce its losses materially in the second half of the year and make profits in 2014. The group posted an after-tax loss of US$807,000 (2011/12: US$542,000) in...
View ArticleTXO associate's Tasmania licence appeal put back to August
Tasmania Oil and Gas’s appeal over the expiry of a licence in the Central Highlands, Tasmania has been adjourned until the end of August. Oil and gas investment group TXO (LON:TXO) has a 25% stake in...
View ArticleTXO hires Markab Capital chief as non-exec director
Oil and gas investor TXO (LON:TXO) has hired Spencer Wilson as a non-executive director of the company. Wilson, 36, is chief executive of Middle East focused merchant bank Markab Capital, where he is...
View ArticleTXO: The Grand Bahama Group names shipping expert as chairman
TXO (LON:TXO) says The Grand Bahama Group, in which it is invested, has named Michael Baker-Harber as chairman, effective August 1. The 67-year-old is an expert in international shipping and...
View ArticleTXO takes 20% stake in Canadian oil sands start-up
Investment group TXO (LON:TXO) has added Canadian oil sands to its diverse portfolio of investments through the acquisition of a 20% stake in Canadian company Athabasca Resources. Athabasca has just...
View ArticleTXO associate ups involvement in Freeport development
Grand Bahama Group Limited (GBG), in which TXO (LON:TXO) has a 30.2% stake, has grabbed the last free land likely to be available for some time in Freeport, Grand Bahama. GBG has agreed to lease...
View ArticleTXO revises more convertible loan agreements
TXO (LON:TXO) has entered into agreements with two holders of its outstanding convertible loan notes, due for repayment at the end of 2013. One of the lenders has agreed to an extension of its £300,000...
View ArticleTXO ups its stake in ORS
TXO (LON:TXO), the AIM-quoted energy resource and clean technology investment company, has topped up its stake in Oil Recovery Services. The company has paid £200,000 in cash to increase its interest...
View ArticleTXO calls general meeting as seeks to invest further in GBG
TXO (LON:TXO) has called a general meeting to increase its investment in The Grand Bahama Group Limited (GBG) and other investee companies. The meeting to be held on January 28 will consider...
View ArticleTXO gets Bergen's support for growth plans
Investment company TXO (LON:TXO) is to raise up to £1.53mln through the issue of £1.745mln of zero coupon convertible securities. The proceeds from the issue will be used to fund growth over the next...
View ArticleTXO completes RAP valve investment
TXO (LON:TXO) has completed the acquisition of a 30% stake in a oil recovery technology new joint venture. The new venture, Oil Tech Royalties (OTR), owns intellectual property rights to a new valve...
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