Last checked at 15 Dec 2015 07:00
MX Oil / Ticker: MXO / Index: AIM / Sector: Oil & Gas
15 December 2015
MX Oil plc ("MX Oil" or the "Company")
Submission of Tenders for Five Blocks in Mexico
MX Oil plc, the AIM quoted oil and gas investing company, is pleased to announce that, together with its partner Geo Estratos, the Company will today submit tenders for five Land Contract Areas in the third phase of the Bid Round 1 Licensing for onshore conventional concessions in the re-opening Mexican energy sector.
In this third phase, a total of 25 Land Contract Areas in the states of Chiapas, Nuevo Leon, Tabasco, Tamaulipas and Veracruz will be awarded to companies that are successful in the tender process. The award of concessions is expected to be announced later today in Mexico and the Company will update the market as soon as the results are received.
MX Oil's Chief Executive Officer Stefan Olivier said, "Having completed due diligence together with our partner Geo Estratos we are excited to be submitting tenders for what we believe to be five highly prospective blocks in Mexico. With the results due to be announced later today in Mexico, we look forward to updating the market on the outcome of our submissions."
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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
|
Hybridan LLP (Lead Broker) Claire Louise Noyce Niall Pearson
| +44 20 3713 4581 |
Cornhill Capital (CoBroker) Nick Bealer
St Brides Partners Ltd (Financial PR) Lottie Brocklehurst Frank Buhagiar
| +44 20 7710 9612
+44 20 7236 1177 |