TXO Director Ups Shares to 21%

TXO was informed that Mike Chandler, Director, purchased 100,000 ordinary shares at 3.0p per share on Wednesday, Jan. 23, 2008.

Following the purchase, Chandler holds through his personal and family holding and those of his wholly owned company, M-C Production & Drilling Co. Inc, 19,993,000 shares, representing a holding of 21.39 % of the issued share capital of the Company.