MX Oil Updates on Nigerian Investment for OML 113

Source: www.gulfoilandgas.com 10/19/2016, Location: Africa

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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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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