17 December 2010
Max Petroleum, an oil and gas exploration and production company focused on Kazakhstan, today announces its interim results for the six months ended 30 September 2010.
15 December 2010
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce that the exploration period of the Company’s Blocks A&E Exploration and Production Licence (the “Licence”) has been formally extended until March 2013 by the Ministry of Oil and Gas of the Republic of Kazakhstan. The Company operates Blocks A&E through its wholly-owned subsidiary, Samek International LLP.
9 December 2010
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, today announced that it has completed drilling the SEKW-1 exploration well on the Sekir West prospect on Block A. The well reached a total depth of 544 metres without encountering producible hydrocarbons and will be plugged and abandoned. The Sun ZJ-30 drilling rig will now move to drill the ALTW-1 exploration well on West Altykol prospect on Block E.
2 December 2010
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce a drilling and operational update of its activities in the Blocks A&E Licence area.
30 November 2010
In conformity with the Financial Services Authority’s Disclosure and Transparency Rules, the Company would like to notify the market that as at 30 November 2010, the issued ordinary share capital of Max Petroleum consisted of 451,974,729 ordinary shares with voting rights attached (one vote per ordinary share). There are no ordinary shares held in Treasury.
15 November 2010
The Company announces today that on 12 November 2010, pursuant to a warrant deed to subscribe for ordinary shares of 0.01 pence each in the Company (“Shares”) dated 11 August 2009, Deutsche Bank AG, London exercised a right to subscribe for 400,000 Shares at an exercise price of 5 pence per Share. Application has been made for these Shares to be admitted to trading on AIM on 19 November 2010.
29 October 2010
In conformity with the Financial Services Authority’s Disclosure and Transparency Rules, the Company would like to notify the market that as at 29 October 2010, the issued ordinary share capital of Max Petroleum consisted of 451,574,729 ordinary shares with voting rights attached (one vote per ordinary share). There are no ordinary shares held in Treasury.
28 October 2010
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce today that the UTS–1 exploration well on the Uytas prospect in Block A has reached total depth of 827 metres. Electric logs and oil shows observed while drilling indicate potential pay zones in the well, including eight metres of
27 October 2010
The Company announces today that on 26 October 2010, pursuant to a warrant deed to subscribe for ordinary shares of 0.01 pence each in the Company (“Shares”) dated 18 September 2009, Credit Suisse Client Nominees UK Ltd exercised a right to subscribe for 2,000,000 Shares at an exercise price of 5 pence per Share. Application has been made for
19 October 2010
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce today that the UTS–1 exploration well on the Uytas prospect in Block A has reached an intermediate depth of 300 metres with electric logs indicating 16 metres of net oil pay at depths from 60 to 76 metres in the Cretaceous Formation, with a potential 86 metre thick oil column present at depths from 60 to 146 metres.
15 October 2010
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce that it has commenced drilling the UTS-1 exploration well on the Uytas prospect in Block A, the sixth of 13 post-salt exploration prospects scheduled to be drilled by the Company on Blocks A&E. The total depth of the well will be approximately 900 metres, targeting potential Jurassic and Triassic reservoirs.
11 October 2010
On 11 October 2010, the Company received notification that, as of 30 September 2010, APG Algemeen Pensioen Groep NV (“APG”) held a beneficial interest in convertible bonds in the Company, which are convertible into 25,164,737 Ordinary Shares at a conversion price of 35p per share at a fixed USD/GBP exchange rate of $1.49 to £1.
27 September 2010
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce that at the Annual General Meeting of the Company held at 10:00 a.m. today, all the resolutions proposed, as set out in the notice of the meeting to shareholders dated 2 September 2010, were duly passed.
27 September 2010
Max Petroleum, an oil and gas exploration and production company focused on Kazakhstan, today announced that it has executed a drilling contract with Sun Drilling LLP for a second rig capable of drilling to 3,600 metres. The ZJ-40 rig will mobilise to drill the ASK-1 exploration well on the Asanketken Prospect on Block E, and is expected to commence
24 September 2010
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce today that the holders (the “Bondholders”) of its U.S.$75,000,000 6.75 per cent Convertible Bonds due September 2012 issued by the Company (the “Bonds”) agreed by unanimous vote today at a duly convened meeting of the
24 September 2010
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, announced today that the Supreme Court of the Republic of Kazakhstan has reversed the rulings of the lower courts that had upheld a tax claim brought against the Company (the “Tax Claim”) and remanded the case to
20 September 2010
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, today announced that it has completed drilling the KAW-1 exploration well on the Karsak West prospect on Block E. The well reached a total depth of 1,858 metres after encountering only minor hydrocarbon shows and will be plugged and abandoned. The Sun ZJ-30 drilling rig will now move to drill the UTS-1 exploration well on Uytas prospect on Block A.
15 September 2010
On 15 September 2010, the Company received notification that, as of 13 September 2010, GLG Partners LP (“GLG”) held a beneficial interest in 53,807,399 ordinary shares in the Company (“Ordinary Shares”), consisting of convertible bonds held in the Company, which are convertible into 37,967,399 Ordinary Shares on a delta adjusted basis at a conversion price of 35p per share at a fixed USD/GBP exchange rate of $1.49 to £1, and a warrant
7 September 2010
The Company has notified the holders of its U.S.$75,000,000 6.75 per cent Convertible Bonds due 2012 (ISIN: XS0263784786) (the “Bonds”) of its intention to defer the interest payment otherwise due in respect of the Bonds on 8 September 2010. This is in accordance with the provisions of the supplemental trust deed dated 8 June 2009, between BNY Corporate Trustee Services Limited (formerly known as J.P. Morgan Corporate Trustee
31 August 2010
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce that the Ministry of Oil and Gas of the Republic of Kazakhstan has advised the Company that they will extend the exploration period of the Company’s Blocks A&E Exploration and Production Licence (the “Licence”) for two years
26 August 2010
Max Petroleum, an oil and gas exploration and development company focused on Kazakhstan, today announces the publication of its annual report and accounts for the year ended 31 March 2010. The Company also announces that its Annual General Meeting will be held at 10:00 am on Monday 27 September 2010 at The Lansdowne Club, 9 Fitzmaurice Place, Mayfair, London W1J 5JD.
25 August 2010
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce that it has commenced drilling the KAW-1 exploration well on the Karsak West prospect in Block E, the fifth of 13 post-salt exploration prospects scheduled to be drilled by the Company on Blocks A&E. The total depth of the well will be approximately 1,870 metres, targeting potential Jurassic and Triassic reservoirs at depths below 1,200 metres.
9 August 2010
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce today that the ZMA-A15 development well in the Zhana Makat Field has reached a total measured depth of 1,525 metres, with electric logs indicating 30 metres of net oil pay, including two Jurassic sandstone reservoirs with 12
19 July 2010
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, announces today that it has received a letter from the Ministry of Oil and Gas of the Republic of Kazakhstan ("MOG") notifying the Company of the termination of its subsoil use licence for the Astrakhanskiy Block in Western
15 July 2010
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce that it has commenced drilling the ZMA-A15 development well in the Zhana Makat Field. The well’s primary target is the J-IIb Jurassic reservoir at a depth of approximately 830 metres, with a secondary exploratory objective in the Triassic formation below 1,300 metres.
12 July 2010
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, announces today the results of its Competent Person’s estimate of recoverable prospective resources associated with certain leads and prospects on the Company’s Blocks A&E licence areas. Ryder Scott’s estimates are based on its independent review of the prospect portfolio developed by the Company using approximately 4,980 km2 of 3D seismic data acquired, processed and interpreted in Blocks A&E.
5 July 2010
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, announced today that the Company has received approval from the Ministry of Finance of the Republic of Kazakhstan to extend payment of the tax claim previously announced by the Company on 2 June 2010 (the “Tax Claim”) over a nine month period through March 2011.
30 June 2010
In conformity with the Financial Services Authority’s Disclosure and Transparency Rules, the Company would like to notify the market that as at 30 June 2010, the issued ordinary share capital of Max Petroleum consisted of 449,574,729 ordinary shares with voting rights attached (one vote per ordinary share). There are no ordinary shares held in Treasury.
25 June 2010
On 23 June 2010, the Company received notification that, as of 1 June 2010, Deutsche Bank AG (“Deutsche Bank”) held a beneficial interest in convertible bonds in the Company, which are convertible into 25,756,293 Ordinary Shares at a conversion price of 35p per share at a fixed USD/GBP exchange rate of $1.49 to £1.
17 June 2010
On 17 June 2010, the Company received notification that, as at 14 June 2010 following the increase in the issued ordinary share capital of the Company to 449,574,729 ordinary shares (“Ordinary Shares”) announced on that date, Macquarie Bank Limited (“Macquarie”) held a direct beneficial interest in 276,340,099 Ordinary Shares in the Company, consisting
15 June 2010
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, today announced a drilling and operational update of its activities in its Blocks A&E licence area.
15 June 2010
On 15 June 2010, the Company received notification that, as of 7 June 2010 General Enterprise Management Services (International) Limited (“GEMS”) held directly and indirectly a beneficial interest in 37,316,217 ordinary shares in the Company (“Ordinary Shares”), consisting of 9,789,899 Ordinary Shares and a warrant entitling GEMS to acquire
14 June 2010
The Company announces that on 14 June 2010 options were exercised over 360,000 ordinary shares of 0.01 pence in the Company (“Shares”) at an exercise price of 4.75 pence per Share. Application has been made for these Shares to be admitted to trading on AIM on 18 June 2010. Following this allotment, the Company’s issued ordinary share capital will be comprised of 449,574,729 Shares.
9 June 2010
The Company announces today that on 7 June 2010, pursuant to a warrant deed to subscribe for ordinary shares of the Company (“Ordinary Shares”) dated 10 November 2009, ARF Energy Limited (“ARF”) elected for the cashless exercise of its right to subscribe for 13,700,000 Ordinary Shares at an exercise price of 4.538p per Ordinary Share, resulting in the issue and allotment of 9,789,899 new Ordinary Shares.
2 June 2010
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, announced today that the Court of Cassation, an appellate court of the Republic of Kazakhstan, has upheld a tax claim brought against the Company by local Kazakh tax authorities regarding the timing of certain tax deductions made by the Company prior to 1 January 2009 (the “Tax Claim”).
1 June 2010
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce that on 31 May 2010 it commenced drilling the KZI-1 exploration well on the Kyzylzhar I Prospect in Block E, the fourth of twelve post-salt exploration prospects scheduled to be drilled by the Company on Blocks A&E.
24 May 2010
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, today announced that it has completed drilling the BOR-2 appraisal well in the Borkyldakty Field in Block E, reaching a total depth of 1,760 metres. The productive Triassic reservoirs found in the BOR-1 discovery well are present and well developed in BOR-2,
13 May 2010
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce today that it has appointed Macquarie Capital (Europe) Limited as joint corporate broker alongside J.P. Morgan Securities Ltd with immediate effect.
30 April 2010
In conformity with the Financial Services Authority’s Disclosure and Transparency Rules, the Company would like to notify the market that as at 30 April 2010, the issued ordinary share capital of Max Petroleum consisted of 439,424,830 ordinary shares with voting rights
29 April 2010
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce today that it has commenced drilling the BOR-2 appraisal well in the Borkyldakty Field.
29 April 2010
On 29 April 2010, the Company received notification that, as of 28 April 2010, APG Algemene Pensioen Groep N.V. (“APG”) held indirectly a beneficial interest in 24,668,065 ordinary shares in the Company (“Ordinary Shares”) arising from conversion rights of
19 April 2010
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, today announced that it has completed drilling the KZN-2 exploration well on the North Kyzylzhar II West Block prospect in Block E.
15 April 2010
The Company announces that on 14 April 2010 options were exercised over 133,333 ordinary shares of 0.01 pence in the Company (“Shares”) at an exercise price of 4.75 pence per Share. Application has been made for these Shares to be admitted to trading on AIM on 21 April 2010. Following this allotment, the Company’s issued ordinary share capital is now comprised of 439,424,830 Shares.
12 April 2010
The Company announces today that on 9 April 2010, pursuant to a warrant deed to subscribe for ordinary shares of 0.01 pence each in the Company (“Shares”) dated 18 September 2009, Deutsche Bank AG exercised a right to subscribe for 2,840,000 Shares at an exercise price of 5 pence per Share.
6 April 2010
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce that on 2 April 2010 it commenced drilling the KZN-2 exploration well on the North Kyzylzhar II West Block prospect in Block E, the third of twelve post-salt exploration prospects scheduled to be drilled by the Company on Blocks A&E.
31 March 2010
In conformity with the Financial Services Authority’s Disclosure and Transparency Rules, the Company would like to notify the market that as at 31 March 2010, the issued ordinary share capital of Max Petroleum consisted of 436,451,497 ordinary shares with voting rights attached (one vote per ordinary share). There are no ordinary shares held in Treasury.
30 March 2010
The Company announces that on 29 March 2010 options were exercised over 100,000 ordinary shares of 0.01 pence in the Company (“Shares”) at an exercise price of 4.75 pence per Share. Application has been made for these Shares to be admitted to trading on AIM on 6 April 2010. Following this allotment, the Company’s issued ordinary share capital is now comprised of 436,451,497 Shares.
24 March 2010
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce the discovery of the Borkyldakty Field in Block E after completing initial production tests in the BOR-1 exploration well.
17 March 2010
The Company announces that today options were exercised over 100,000 ordinary shares of 0.01 pence in the Company (“Shares”) at an exercise price of 4.75 pence per Share. Application has been made for these Shares to be admitted to trading on AIM on 23 March 2010. Following this allotment, the Company’s issued ordinary share capital is now comprised of 436,351,497 Shares.
10 March 2010
On 10 March 2010, the Company received notification of the direct and indirect beneficial interest in the ordinary shares of the Company (“Ordinary Shares”) of Deutsche Bank AG (“DB”), as of 5 March 2010.
9 March 2010
The Company announces that, on 8 March 2010, options were exercised over 1,000,000 ordinary shares of 0.01 pence in the Company (“Shares”) at an exercise price of 4.75 pence per Share. Application has been made for these Shares to be admitted to trading on AIM on 15 March 2010. Following this allotment, the Company’s issued ordinary share capital is now comprised of 436,251,497 Shares.
8 March 2010
The Company announces today that, pursuant to a warrant deed to subscribe for ordinary shares of 0.01 pence each in the Company (“Shares”) dated 26 October 2009, Deutsche Bank AG exercised a right to subscribe for 2,500,000 Shares at an exercise price of 5 pence per Share.
8 March 2010
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce today that it has commenced drilling the KZN-1 exploration well on the North Kyzylzhar II East Block prospect in Block E, the second of twelve post-salt exploration prospects scheduled to be drilled by the Company on Blocks A&E.
5 March 2010
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, announces today that the Company has paid the 8 March 2010 interest payment due on its US$75,000,000 6.75% Convertible Bonds (the “Bonds”) in cash, electing not to convert the interest payment into additional principal on the Bonds (the “PIK Option”).
1 March 2010
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce that, as a result of the acquisition by J.P. Morgan of the shares in J.P. Morgan Cazenove Limited it did not already own, J.P. Morgan Securities Ltd
26 February 2010
On 26 February 2010, the Company received notification that, as of 24 February 2010 General Enterprise Management Services (International) Limited (“GEMS”) held directly and indirectly a beneficial interest in 46,428,546 ordinary shares in the Company (“Ordinary Shares”), consisting of 5,328,545 Ordinary Shares and a warrant entitling GEMS to acquire
26 February 2010
In conformity with the Financial Services Authority’s Disclosure and Transparency Rules, the Company would like to notify the market that as at 26 February 2010, the issued ordinary share capital of Max Petroleum consisted of 432,751,497 ordinary shares with voting rights attached (one vote per ordinary share). There are no ordinary shares held in Treasury.
15 February 2010
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce today that the BOR – 1 exploration well on the Borkyldakty prospect in Block E has reached a total measured depth of 1,755 meters
9 February 2010
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce that the Company has received approval from the relevant Kazakhstan authority for its 2010 work programme for the Astrakhanskiy Licence, which includes the drilling of the first exploration well in 2010.
4 February 2010
On 4 February 2010, the Company received notification that, as of 28 January 2010, APG Algemene Pensioen Groep N.V. (“APG”) held indirectly a beneficial interest in 30,038,564 ordinary shares in the Company (“Ordinary Shares”), consisting of 5,957,476 Ordinary Shares and convertible bonds in the Company, which are convertible into 24,081,088 Ordinary Shares at a conversion price of 35p per share
3 February 2010
The Company announces today that, pursuant to a warrant deed to subscribe for ordinary shares of 0.01 pence each in the Company (“Shares”) dated 1 December 2009, Citigroup Global Markets UK Equity Limited exercised a right to subscribe for 1,280,000 Shares at an exercise price of 5 pence per Share, resulting in the issue and allotment of 1,280,000 new Shares.
2 February 2010
On 1 February 2010, the Company received notification that, as of 29 January 2010, Deutsche Bank AG (“DB”) held directly and indirectly a beneficial interest in 32,729,010 ordinary shares in the Company (“Ordinary Shares”), consisting of 1,632,717 Ordinary Shares, convertible bonds held in the Company
1 February 2010
In conformity with the Financial Services Authority’s Disclosure and Transparency Rules, the Company would like to notify the market that as at 31 January 2010, the issued share capital of Max Petroleum consisted of 431,471,497 ordinary shares with voting rights attached (one vote per ordinary share). There are no ordinary shares held in Treasury.
20 January 2010
Max Petroleum, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce the appointment of James J. Emme as a member of Max Petroleum’s Advisory Committee coinciding with Mr. Emme’s recent appointment as the Executive Vice President of North America for Endeavour International Corporation. Mr. Emme will replace Thomas R. Fuller as the Group’s Advisory
19 January 2010
On 18 January 2010, the Company received notification that, as of 15 January 2010 General Enterprise Management Services (International) Limited (“GEMS”) held indirectly a beneficial interest in 50,434,780 ordinary shares in the Company (“Ordinary Shares”), consisting of 9,334,779 Ordinary Shares and a warrant entitling GEMS to acquire a further
15 January 2010
On 15 January 2010, the Company received notification that, as at 12 January 2010 following the increase in the issued ordinary share capital of the Company to 431,471,497 ordinary shares (“Shares”) announced on that date, Macquarie Bank Limited (“Macquarie”) held a direct beneficial interest
14 January 2010
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce today that it has commenced drilling the BOR-1 exploration well on the Borkyldakty prospect in Block E, the first
12 January 2010
The Company announces today that on 11 January 2010, pursuant to a warrant deed to subscribe for Ordinary Shares of 0.01p (“Shares”) of the Company dated 28 October 2009, Stichting Pensioenfonds ABP exercised a right to subscribe for
8 January 2010
On 8 January 2010, the Company received notification that, as of 5 January 2010 General Enterprise Management Services (International) Limited (“GEMS”) held indirectly a beneficial interest in 51,381,160 ordinary shares in the Company (“Ordinary Shares”), consisting of 10,281,159 Ordinary Shares and a warrant entitling GEMS
7 January 2010
Max Petroleum, an oil and gas exploration and development company focused on Kazakhstan, today announces that on 6 January 2010 a director and certain members of senior management acquired shares in the Company as follows:
6 January 2010
The Company announces today that on 5 January 2010, pursuant to a warrant deed to subscribe for ordinary shares of the Company dated 10 November 2009, ARF Energy Limited (“ARF”) elected for
5 January 2010
On 4 January 2010, the Company received notification that, as of 24 December 2009 General Enterprise Management Services (International) Limited (“GEMS”) became a parent undertaking of ARF Energy Limited (“ARF”) and has
