TXO PLC

("TXO" or the "Company")

Response to investor speculation

The board of TXO notes certain investor website comments regarding one of TXO's investee companies, Empire Energy Corporation International ("Empire") (Pink Sheets: EEGC.pk) and wishes to clarify that a winding up order has been filed at the Court in Tasmania in relation to a creditor action concerning an Empire subsidiary, Great South Land Minerals Ltd ("GSLM").  That order provides for a review of its provisions by certain interested parties.

The board of TXO anticipates Empire to provide a clarifying announcement as soon as is possible.  The TXO board will then update TXO shareholders and a further announcement will be made accordingly.

For further information, please contact:

TXO PLC                                                        +44 (0)20 7493 8820

Tim Baldwin, Chairman

Fox-Davies Capital Limited                         +44 (0)20 3463 5010

Barry Saint

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