RNS Number:1741Q
Texas Oil and Gas PLC
25 September 2003

                                  ANNOUNCEMENT

               TEXAS OIL & GAS PLC RAISES FUNDS TO ACQUIRE WELLS


Texas Oil and Gas PLC ("TXO") announces today that it has placed 3,833,333 new
ordinary shares of 5p each at a placing price of 0.12p to raise #460,000 before
expenses.

These funds will be used to exercise an existing option to acquire 50% of 10
wells on the BC Christian lease, to cover TXO's share of their rework costs to
bring them back into operation and associated working capital requirements.

BC Christian comprises 19 wells in total of which 4 are currently in operation.
The company already has an existing 50% interest in these 4 operating wells on
the lease, which in aggregate produce approximately 30 barrels/day and this
acquisition will bring its total to 14.

The new ordinary shares have been placed with institutional and other investors
of WH Ireland.

Application has been made for the new ordinary shares to be admitted to trading
on AIM.

Date:- 25 Sept 2003

Information:-

Company
Finance Director: Andrew Glendinning
Tel:- 0207 448 9752
Fax :- 0207 448 9753

PR
Parkgreen Communications: Justine Howarth
Tel:- 0207 287 5544


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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