(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 more(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 moreOil 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
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