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Market Update

  Download PDF - Tuesday 29th January 2013 at 07:15am

ALPHA PROSPECTS PLC
("Alpha" or the "Company")

MARKET UPDATE

Alpha Prospects PLC notes the announcement made by AIM listed TXO Plc ("TXO"), earlier today regarding the completion of a Prospective Resources Assessment relating to a licence area held by Tasmania Oil and Gas Limited ("TOG"). The announcement can be viewed on the TXO website: http://www.txoplc.co.uk.

As announced on 24 September 2012, subject to certain conditions being satisfied Alpha will subscribe for a 20% interest in TOG, for consideration to be satisfied by the issue of 33,333,333 ordinary shares in Alpha.

In the event that this option is exercised, a further announcement will be issued.

Christopher Foster and Timothy Baldwin are directors of both Alpha Prospects plc and TXO plc.

The Directors of Alpha Prospects Plc accept responsibility for the content of this announcement.

Enquiries:

ALPHA PROSPECTS PLC Christopher Foster +44 20 7518 4300
PETERHOUSE CORPORATE FINANCE LIMITED Eran Zucker / Fungai Ndoro +44 20 7469 0932