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DIRECTOR DEALINGS: MX Oil Chairman Buys 2.3 Million Shares

Tue, 28th Jul 2015 09:07

LONDON (Alliance News) - MX Oil PLC Tuesday said Chairman Andrew Frangos bought 2.3 million shares at a price of 3.9 pence per share Monday, which is his only holding.

The purchase was valued at GBP87,750.

MX Oil PLC on Monday said drilling on the Aje 5 production well offshore Nigeria has started in preparation for production to begin before the end of 2015, slightly ahead of its previous guidance.

The stock was trading at down 3.9% at 3.75p Tuesday.

By Arvind Bhunjun; arvindbhunjun@alliancenews.com; @ArvindBhunjun

Copyright 2015 Alliance News Limited. All Rights Reserved.

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