MX Oil Plc (MXO.L) Announced that the company recorded continued production from the Aje field of around 3,150.00 bopd. The Aje partnership has fully paid the $9.80 million licence renewal fee, thereby securing a 20- year extension of OML 113 (Aje field) licence. The RPS technical work is now expected to conclude in 1Q19 to support a decision on Aje Phase 2 development; targeting estimated gross production of 8,000.00 to 12,000.00 bopd. Further, the company has continued to maximise its cash positions through undertaking a full review of its operating cost base.
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