MX Oil and partner Geo Estratos to bid on five concessions in Mexico licensing round
5th Oct 2015 11:18
(ShareCast News) - AIM-listed oil and gas investment company MX Oil said that along with its partner Geo Estratos it plans to bid for five concessions in Mexico's first licensing round. MX said it has submitted its pre-qualification filing with the National Hydrocarbons Commission regarding its part
Read moreMX Oil aims to secure two licences in Mexico by December
18th Aug 2015 11:10
(ShareCast News) - Oil and gas producer MX Oil revealed it is one of 15 companies currently seeking to secure 25 licences the Mexican government will award in December. The central American country ended its state monopoly on the oil and gas industry for the first time in 76 years, and the London-li
Read moreMX Oil's chairman buys 2.25m shares
28th Jul 2015 16:25
(ShareCast News) - The chairman of Mx Oil bought 2.25m shares in the company one day after announcing the group has started drilling in an offshore in Nigeria. Andrew Frangos purchased 2.25m shares for an individual price of 3.9p, spending a total of £87,750 in the transaction. As a result, Frangos
Read moreMX Oil increases stake in Mexican joint venture
12th Jun 2015 11:22
Oil and gas group MX Oil has increased its stake in its Mexican venture with partner Geo Estratos. In a statement released on Friday, the London-listed company said its stake in the project will rise from 51% to 55% and it will no longer be obligated to finance Geo Estratos' share of costs once asse
Read moreMexico's struggling oil industry ready to open, MX Oil to benefit
12th Aug 2014 09:34
Mexico's struggling oil industry has received its final needed seal of approval, as President Enrique Pena Nieto authorised required legislations to reopen the country's waning energy sector. This follows consent by both the lower congress and the Senate completing the legislative process required
Read moreMexico approves energy reforms as fiscal deficit weighs
6th Aug 2014 13:57
Plans to reopen Mexico's waning oil industry to the private sector have been approved by the country's parliament. Senators in the region gave the bill the go-ahead and are currently in talks regarding the other supporting bills. Mexico's president, Enrique Pena Nieto, will be able to give his fin
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