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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Mx Oil Plc | MXO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.32 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.32 | 0.32 |
| Top Posts |
|---|
Posted at 03/6/2019 11:20 by hammopj I absolutely agree. The bod have been given their appropriate sweeteners. This could be a tremendous opportunity for investors and of course a global UK plc platform/stage from which H.H. can flex his financial muscle and connections. |
Posted at 06/5/2019 09:49 by upgrade1 Good morning allafter reading the bb On this tread Seem that pwhite has missed the boat At lower end of the market and is desperately wants a lower entry point - Which is not going to happen unfortunately This will open higher tomorrow and expect MMS classic tree shake to get the weak one out during the course of the day, but with each shake you will see a rise MXO will make lot of investors very rich Apologies in advance if I’m wrong Good luck all Upgrade |
Posted at 03/5/2019 11:25 by keya5000 UAE equity wakes up to African opportunitiesDubai's Sheikh Ahmed takes a stake in Nigeria's MX Oil with plans to 'personally steer the business' Barry Morgan Paris 2 May 2019 22:00 GMT A surprise move by Dubai’s Sheikh Ahmed bin Dalmook Juma al-Maktoum last month to acquire a personal stake in Nigeria-focused junior MX Oil has triggered hopes that Persian Gulf players may help plug a funding gap in African energy infrastructure projects. In an exclusive interview with Upstream, Sheikh Ahmed insisted the decision to take a 29.86% equity share in MX — a partner in the producing Aje field off Nigeria — was his first investment in a public company and that he "currently has no intention to invest in another". "I will certainly be taking on a very active role within the business. It may take another month but I intend to join the board as an active chairman because I have a desire to personally steer the business," he said. "I have very clear ideas as to how significant value can be grown within the business,” added Sheikh Ahmed. He did not comment on whether heavyweight partners may be sought to accelerate the pace of growth, but said his ambition is to build MX Oil into a billion-dollar energy business over the coming years. Currently, London-listed MX’s sole asset is Aje, which lies in OML-113 in the long-neglected Dahomey basin, where its partners are New Age, Energy Equity Resources, Panoro and operator Yinka Folawiyo. But MX chief executive Stefan Olivier said Sheikh Ahmed’s private investment will add great value and yield fresh partner opportunities. With MX Oil, Sheikh Ahmed said his role will be “to focus on business development and on growing value, building on his relationships with the many heads of state who are keen to work with us to help them develop their natural resources.” “MX has had its problems accessing sufficient funds but I don’t believe this will be a problem in future. It’s an ideal vehicle for taking advantage of opportunities, primarily in Africa.” Pressed on his preference in terms of asset acquisition, Sheikh Ahmed said he will “look at production and near-production assets, but we are not afraid of exploration as long as the portfolio is balanced”. “We won’t sit on our hands as a single-asset company but will rather go after company-making projects, add value and get them into production — we will do our technical work before taking on any project, leveraging relationships we have with international oil companies who may wish to partner with us on larger projects.” Sheikh Ahmed last month visited Ondo State Governor Rotimi Akeredolu in Nigeria, signing a memorandum of understanding for a deep-sea port development. “We are currently evaluating several opportunities in West Africa’s oil and gas sector and will announce the projects in the near future once progress reaches a certain stage of maturity,” he said. Sheikh Ahmed is the founder and chairman of Africa Middle East Resources Investments (Ameri Group), which is building a portfolio of power plant and energy infrastructure projects — including gas-to-wire schemes — and has in the past year been traversing the African continent in search of strategic opportunities. Ameri is exploring investments in both the Democratic Republic of Congo and Congo-Brazzaville, Equatorial Guinea and Gabon, and this year entered into partnership with Ghana to install an emergency power plant on a build, own, operate and transfer basis in the Takoradi oil hub. But the prince has also chosen to operate initiatives through his private office, meeting directly with heads of state including Nigerian President Muhammadu Buhari, Liberian President George Weah and Puntland President Said Abdullahi Deni. In addition, he recently attended the inauguration of re-elected Senegal President Macky Sall. His initiatives reflect a burgeoning interest in Africa's oil and power sectors by Persian Gulf states, particularly the United Arab Emirates. The Dubai Multi Commodities Centre free trade zone has lately been growing in relevance for start-ups targeting African energy investments, while Oslo-listed African Petroleum surprised investors last month by merging with PetroNor E&P — half-owned by an Abu Dhabi vehicle linked to the Emirates’ royal family. Sheikh Ahmed’s MX Oil deal has raised hopes that more private equity from the UAE might now be tempted into Africa’s cash-strapped upstream sector. |
Posted at 03/5/2019 11:06 by ny boy Broken through 0.3 resistance, next target 0.43, then back up to test high just under 0.5, could happen today if investors are feeling confident holding over the holiday weekend. |
Posted at 02/5/2019 17:33 by pwhite73 Tracey MooreOil shares and other shares fall for many reasons. I have placed this one on my monitor because of the stellar rise since the Sheikh bought in. I am a short term trader not a long term holder. Traders like myself are interested in volume. Shares that rise sharply and shares that fall sharply have plenty of volume. MXO is on a downward spiral and will be for the foreseeable future because of the huge disparity between the placing price 0.04p and today's price of 0.25p. I may consider buying later but for now its important for us retail investors to understand what is going on. The only people who suffer in the end is us. I don't believe its the Sheikh who's selling its all the conmen and spivs who picked up 800 million warrants hiding under his coattails as placees. "In connection with the placing, 800,000,000 warrants have been issued to placees with an exercise price of 0.04p per share for a term of 5 years." They try to prop up the share price with vacuous operational reports. When PIs buy they sell. When PIs don't buy they still sell making the price even more attractive. The warrants also facilitate other market spivs to short the stock. My useless advice to you is if you are still in - get out. |
Posted at 28/4/2019 21:16 by king 786 Investors made money short termDo expect turbulence before the next positive Rns All imho No doubt it’s a good company Like I said I sold out far too early and cheap- fully regretting it but no big deal |
Posted at 26/4/2019 15:52 by ny boy Important last 40 mins of trading this week, will 0.43p resistance be taken again, or will 0.3p support comfortably hold. Certainly the oil sector is having a big sell off today, let’s see if investors hold their nerve here. May the Sheikh be with you! |
Posted at 26/4/2019 15:47 by muddyfox0151 Other investors in this , sheik bought this , too trade is potential platform ? |
Posted at 23/4/2019 18:49 by under the radar Taken from 4/2/19 rnsIn regard to its previous commitment to corporate governance and to strengthening the Board, the Company maintains its intention to do so at the appropriate time in advance of the next stage of development later this year. The Company intends to appoint a Chairman with the suitable industry, technical, commercial and operational experience to support and direct the Company as the partners develop the Aje project. As previously announced, the Company regards the appointment of a new Chairman as a key step at the appropriate time and is pleased that Richard Carter will continue in the role of Non-Executive Chairman in the interim. + Taken from 15/4/19 rns As part of the agreement for this strategic stake, the Company has offered the Strategic Investor the right to appoint one person to the board of directors, subject to requisite regulatory approval and process, and the intention is for the appointee to take over as Non-Executive Chairman of the Company. A further announcement will be made in due course. + I'm delighted to welcome an extremely influential and knowledgeable strategic investor into MX Oil who I believe can bring significant value and provide access to opportunities and partners who we would not be able to access without them". Taken from 18/4/19 rns The Company has been considering a change of name for some time. The rationale for the name change to ADM Energy plc follows the recent strategic investment by Shaikh Ahmed Bin Dalmook Al Maktoum. The Company's strategic investor has an extensive network of influential contacts within the oil and gas industry and the Board regards his support for the Company as an important opportunity. + Our recent announcements have shown the significant developments occurring in the Company. We are pleased with the progress of our Aje investment and, with the support of a new influential shareholder, the Company has been repositioned to take advantage of opportunities that were previously out of our reach. I look forward to updating the market with our progress." 1) new Chairman coming for next stage of development 2) Sheikh to appoint someone on bod in due course 3) Repostioned to take advantage of opportunities that was previously out of reach. With a Sheikh worth $35 billion all of the above and more will get fast tracked.News could come at anytime so I’ve got no problem buying and holding these. GLA |
Posted at 23/4/2019 10:49 by under the radar Look at what’s happening and read between the lines imo18/4/19 rns The Company has been considering a change of name for some time. The rationale for the name change to ADM Energy plc follows the recent strategic investment by Shaikh Ahmed Bin Dalmook Al Maktoum. The Company's strategic investor has an extensive network of influential contacts within the oil and gas industry and the Board regards his support for the Company as an important opportunity. Further, the Board considers the Consolidation will help present the company in a more attractive light to institutional and high net worth investors. Stefan Oliver, the Company's CEO commented: "Our recent announcements have shown the significant developments occurring in the Company. We are pleased with the progress of our Aje investment and, with the support of a new influential shareholder, the Company has been repositioned to take advantage of opportunities that were previously out of our reach. I look forward to updating the market with our progress." |
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