MX Oil receives offer for Nigerian investment (Scandinavian Oil-Gas Magazine)

MX Oil receives offer for Nigerian investment

Published Jan 26, 2016

MX Oil previously had received expressions of interest to acquire all or part of its Nigerian investment or to invest into the underlying asset directly alongside the Company.

The Company has now received a formal offer and term sheet from a credible third party for the whole of its Nigerian investment. The value of the offer represents several multiples of the Company's current market capitalisation.

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