MX Oil plc announced a number of changes to its Board and management team, which are in line with the company's strategy to build a leading oil and gas investment company. This follows the recent award of four onshore Land Contract Areas in Mexico and also the expected near term commencement of oil production at the Aje field, offshore Nigeria. Non-Executive Director, Nigel McKim, who has significant experience in field development planning and production in the oil and gas industry, has been appointed as executive Chief Operating Officer with immediate effect.

Nigel has 28 years of experience in field development planning and production in the oil and gas industry. He has previously been COO for Nobel Upstream where he was responsible for the company's technical capabilities and participated in the building of a portfolio of assets in Texas, the UK and Azerbaijan. Prior to this, he held senior positions with BHP Billiton Petroleum Limited and Hess Services (UK) Limited.

Wilhelmus Burgers has joined the company's executive committee as Technical Director. Mr. Burgers has over 30 years' diversified exploration and development geosciences experience. He has spent the majority of his career as a geoscientist with ExxonMobil and has considerable relevant geological, geophysical and operational experience having worked in Colombia, Brazil, Gulf of Mexico and Mexico, Sub Saharan Africa, Caspian, North Sea and Central Europe.

Mr. Burgers will formally be appointed to the Board subject to completion of due diligence and contract. Nicholas Lee, who is currently a Non-Executive Director of MX Oil, is to become Non-Executive Chairman of the company, with immediate effect. The Board believes that Nicholas' background in both the natural resources sector and corporate finance makes him ideal for this role.

Andrew Frangos will step down from the Board as Non-executive Chairman and Director, and the Board would like to thank him for his input during the formation of the company, and wish him well for the future.