Can't IPO. IPO stands for Initial Public Offering. Exobox Energy is a wholly owned subsidiary of Exobox Technologies... which means that Exobox Technologies owns all of Exobox Energy's income and assetts...
In order to move to another exchange (such as the NYSE Amex) they would need to meet the listing requirements. Currently they have -2M in Shareholder Equity so they need to either make some money or have a good portion of the O&G deal fall into SE.
If they were to move to another exchange it would likely be based on the company as a whole. The company isn't really large enough for a divestiture event such as a spin-off or carve-out.