News Column

MX Oil Says Unaware Of Reason For Share Price Rise

September 1, 2014

Samuel Agini

LONDON (Alliance News) - MX Oil PLC Monday said it doesn't know the exact reason for the increase in its share price.

"The board of MX Oil notes the rise [in] the company's share price and confirms that it knows of no particular reason for the movement in price," the company said in a statement.

"The company and its joint venture partner are in discussions with Pemex with regards to making an application for a production sharing agreement in respect of the three assets as announced on August 1," the company added.

MX Oil shares Monday closed up 28% at 4.70 pence.

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Source: Alliance News

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