Alpha Prospects Plc acquired 69.64% stake in Tasmanian Oil & Gas Ltd. from TXO plc and Empire Energy Corporation International (OTCPK:EEGC) for £0.54 million in stock on May 26, 2015. Under this agreement, Alpha Prospects Plc acquires 4.5 million shares which represents 44.8% stake from EEGC and 2.5 million shares which represents 24.8% stake from TXO plc in Tasmanian Oil and Gas Ltd were acquired. The consideration payable to EEGC was by the issue of 13.84 new Alpha shares and to TXO Plc by the issue of 7.7 new Alpha shares. Michael Padley at Lothbury Financial Services acted as PR advisor to Alpha Prospects.

Alpha Prospects Plc completed the acquisition of 69.64% stake in Tasmanian Oil & Gas Ltd. from TXO plc and Empire Energy Corporation International (OTCPK:EEGC) on May 26, 2015.