MX Oil starting to benefit from Nigeria investment

Oil and gas investing company MX Oil announced on Wednesday that PR Oil and Gas has now received $1.2m from the sale of the first production of oil from the Aje Field.

The AIM-traded firm said PR Oil & Gas is the holder of its investment in OML 113, on the Aje Field in Nigeria.

“We are very pleased to announce that the first oil production from the Aje Field has been sold and that we have now received our first income from our investment in OML 113,” said MX Oil chief executive Stefan Olivier.