Source - RNS
RNS Number : 9185M
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. "



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For further information please visit or contact:



Stefan Olivier, CEO


+44 20 7571 0473


Cairn Financial Advisers LLP

(Nominated Adviser)

Jo Turner/James Caithie



+44 20 7148 7900


Cornhill Capital


Nick Bealer


+44 20 7710 9612






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