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MX Oil update on awarded Mexican onshore concessions


Published Jan 8, 2016
MX Oil plc

MX Oil gives details on the four Land Contract Areas it was awarded, alongside its local partner Geo Estratos, during the third phase of the Bid Round 1 Licensing Round for onshore conventional concessions in Mexico.

In line with the Company's focus on proven conventional fields, all four LCAs are located in the prolific Tampico-Misantla Basin, which has to date produced around six billion barrels of oil and currently produces approximately 70,000 barrels of oil per day.

Tags: MX Oil plc




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