24th Aug 2018 12:50
LONDON (Alliance News) - Oil and gas investment company MX Oil PLC said on Friday that the operator of offshore Nigeria licence OML 113 had received consent from the Minister of Petroleum Resources to renew its licence for another 20-year term.
The renewal is now subject to certain conditions, including the commitment to develop the licence's gas potential.
Shares in MX Oil rose 10% to 0.38 pence on Friday.
Related Shares:
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