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.

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