There has been news out on TXO board from 5 march:

Read carefully the last sentence: it's again with a word INTENT We all know what that means from several messages in the past

it sound as follows:

As a result, the company has executed the agreement announced 17 February 2012. TXO will be awarded by Empire Energy Corporation Inc., in recognition of previous support and introductions, 10 per cent carried interest in the ordinary share capital in the Special Purpose Vehicle that is applying for exploration licenses with the intent to develop identified Tasmania Basin black coal potential.