TXO has acquired a 15.1 per cent. interest in Oil Recovery Services Limited ("ORS") for £300,000, to be satisfied through the issue of 100,000,000 new Ordinary Shares in TXO at 0.3p per share (the "Initial Acquisition").

TXO has also been granted two options to subscribe, in aggregate, for a further 34.8 per cent. which upon exercise would take its interest in ORS to 49.9 per cent. .

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