Source - SMW
MX Oil has more than halved its FY pretax loss to £1.3m, from a loss of £2.9m.

"The group has made good progress and has an investment in an oil and gas licence which has now commenced production," it said.  

"The group is also actively reviewing other interesting investment opportunities that could create additional value for shareholders going forward."

At 9:39am: (LON:MXO) Mx Oil Plc Ord 1p share price was +0.05p at 0.73p