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MX Oil PLC (MXO)

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Friday 24 August, 2018

MX Oil PLC

Licence Renewal

RNS Number : 8507Y
MX Oil PLC
24 August 2018
 

24 August 2018

 

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

 

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

 

Licence renewal

 

 

MXO plc, an oil and gas investing company listed on AIM, is pleased to announce that the operator of the offshore licence in Nigeria, OML 113, in which it has an investment, has received consent from the Minister of Petroleum Resources for its renewal for another term of 20 years.  The renewal is subject to the satisfaction of certain conditions, including a commitment to develop the gas potential of the licence.

 

* * ENDS * *

 

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

 

MX Oil PLC

Stefan Olivier, CEO

 

+44 20 7710 9618

 

Cairn Financial Advisers LLP

(Nominated Adviser)

Jo Turner/James Caithie

 

 

 

+44 20 7213 0880

 

Cornhill Capital

(Broker)

Daniel Gee

 

 

 

+44 20 7710 9612

 

 

 

 

           

 

 


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