Source - RNS
RNS Number : 9185M
MX Oil PLC
19 October 2016
 

MX Oil / Ticker: MXO / Index: AIM / Sector: Oil & Gas

 

19 October 2016

 

MX Oil plc ("MX Oil' or the 'Company")

 

Update on Nigerian investment

 

 

MX Oil, the AIM quoted oil and gas investing company, is pleased to announce that PR Oil and Gas Limited, the holder of its investment in OML 113, has now received US$1.2 million from the sale of the first production of oil from the Aje Field, which forms part of OML 113.

 

MX Oil's Chief Executive Officer, Stefan Olivier, said:

 

"We are very pleased to announce that the first oil production from the Aje Field has been sold and that we have now received our first income from our investment in OML 113. "

 

 

* * ENDS * *

 

For further information please visit www.mxoil.co.uk or contact:

 

MX Oil PLC

Stefan Olivier, CEO

 

+44 20 7571 0473

 

Cairn Financial Advisers LLP

(Nominated Adviser)

Jo Turner/James Caithie

 

 

+44 20 7148 7900

 

Cornhill Capital

(Broker)

Nick Bealer

 

+44 20 7710 9612

 

 

 

 

 


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