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; [email protected]; @ArvindBhunjun
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