TIDMMXO

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

END

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October 19, 2016 02:14 ET (06:14 GMT)

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