28 December 2011
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, today announces an operational update of its activities in the Blocks A&E Licence area in the Republic of Kazakhstan.
22 December 2011
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that the KZIE-2 appraisal well in the East Kyzylzhar I Field has reached a total depth of 1,294 metres, with electric logs indicating seven metres of net oil pay, including two metres in the Cretaceous Neocomian reservoir at depths from 627 to 629 metres, and five metres in the Jurassic reservoir at depths from 1,214 to 1,220
16 December 2011
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announced today that the Kazakh Government has approved a 3 month extension of Max Petroleum’s trial production project for the Zhana Makat Field until 15 March 2012. The extension is expected to provide the necessary time required for the
9 December 2011
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announced today that the ASK-2 well has been drilled to a total depth of 3,412 metres without encountering any viable reservoirs in the deeper Triassic section, which was the primary objective. The well will now be completed as a production well in the shallower Jurassic reservoir at depths between 1,281 and 1,287 metres and the PM Lucas ZJ-50 rig will be released.
7 December 2011
On 7 December 2011, the Company received notification that, as at 5 December 2011 Macquarie Bank Limited (“Macquarie”) held directly a beneficial interest in 212,149,148 ordinary shares in the Company (“Ordinary Shares”), consisting of 211,174,123 Ordinary Shares and a warrant entitling it to acquire a further 975,025 Ordinary Shares at an
5 December 2011
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has commenced drilling the SAGW-2 appraisal well on the Sagiz West Field in Block E. Total depth of the well will be approximately 1,400 metres, targeting Triassic reservoirs.
24 November 2011
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce a drilling update of its activities in the Blocks A&E Licence area in the Republic of Kazakhstan.
21 November 2011
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce a production update of its activities in the Blocks A&E Licence area in the Republic of Kazakhstan. The Company began testing the KZIE-1
14 November 2011
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 2011.
4 November 2011
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, today announced that it has begun drilling the NUR-1 well on the Emba B prospect in Block E. The well will be drilled to a depth of 7,250 metres, targeting Devonian and Carboniferous reservoirs with unrisked mean resource potential of 467 million barrels of oil equivalent and a 29% geological chance of success.
2 November 2011
The Company has completed drilling the ZLGS-1 exploration well on the Zhalgyz South prospect in Block A. The well reached a total depth of 1,435 metres without encountering producible hydrocarbons and will be plugged and abandoned. The Zhanros ZJ-20 drilling rig will now move on to drill the KZIE-2 appraisal well testing Jurassic reservoirs in the recently discovered East KyzylzharI Field in Block E.
21 October 2011
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce today an operational update of its activities in the Blocks A&E Licence area in the Republic of Kazakhstan.
ASK-2 well in the Asanketken Field confirms original Jurassic discovery
11 October 2011
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has begun drilling the ZLGS-1 exploration well on the Zhalgyz South prospect in Block A, which has estimated unrisked mean resource potential of 18 million barrels of oil in a four-way, Triassic rim structure. Total depth of the well will be approximately 1,500 metres.
10 October 2011
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announced today that it has begun drilling the ZMA-E2 appraisal well in the Zhana Makat Field. The total depth of the well will be approximately 900 metres targeting Jurassic reservoirs.
6 October 2011
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, has received written notice from the Supervisory Panel of the Supreme Court of the Republic of Kazakhstan (the “Notice”) rejecting the Company’s final legal appeal to review the tax claim previously brought against the Company (the “Tax Claim”). As previously announced, the Company had fully settled the Tax Claim in June 2011 and the Notice has no impact on the
5 October 2011
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce today that the ZMA-A23 development well in the Zhana Makat Field has reached a total depth of 890 metres, with electric logs indicating 10 metres of net oil pay in Jurassic sandstone reservoirs at depths ranging between 808
30 September 2011
On 29 September 2011, the Company received notification that, as at 22 September 2011 Macquarie Bank Limited (“Macquarie”) held directly a beneficial interest in 222,497,621 ordinary shares in the Company (“Ordinary Shares”), consisting of 221,674,123 Ordinary Shares and a warrant entitling it to acquire a further 823,498 Ordinary Shares at an
30 September 2011
In conformity with the Financial Services Authority’s Disclosure and Transparency Rules, the Company would like to notify the market that as at 30 September 2011, the issued ordinary share capital of Max Petroleum consisted of 1,011,774,748 ordinary shares with voting rights attached (one vote per ordinary share). There are no ordinary shares held in Treasury.
29 September 2011
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has begun testing the ASK-1 exploration well in the Asanketken Field, successfully producing 35 degree API oil at a stable rate of 672 barrels of oil per day (“bopd”) from perforations in a Jurassic reservoir from depths of 1,281
29 September 2011
Max Petroleum Plc, an oil and gas exploration and production 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 were duly passed as set out in the notice of the meeting dated 1 September 2011.
23 September 2011
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan,
announced today that on 22 September 2011, pursuant to a warrant deed to subscribe for ordinary shares of 0.01 pence each in the Company (“Shares”) dated 10 November 2009, Macquarie Bank Limited elected for the cashless exercise of its right to subscribe for 133,971,948 Shares at exercise prices between 4.538p and 5.673p per Share, resulting in the issue and allotment of 88,379,470 Shares.
22 September 2011
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has commenced drilling the ZMA-A23 development well at the Zhana Makat Field in Block E. The total depth of the well will be approximately 900 metres targeting Jurassic reservoirs.
21 September 2011
On 20 September 2011, the Company received notification that, as of 19 September 2011 General Enterprise Management Services (International) Limited (“GEMS”) held directly and indirectly a beneficial interest in 36,924,217 ordinary shares in the Company (“Ordinary Shares”), consisting of 9,397,899 Ordinary Shares and a warrant entitling GEMS to acquire a further 27,526,318 Ordinary Shares at an exercise price of 4.54-19.22p per share. If
20 September 2011
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce today that the UTS-4 confirmation well in the Uytas Field has reached a depth of 849 metres, with electric logs indicating 36 metres of potential net oil pay in the Cretaceous section at depths ranging from 30 to 158 metres, consisting of six sandstone reservoirs of excellent quality with porosities ranging from 25% to 35%. This
19 September 2011
The Company announces that on 16 September 2011 options were exercised by an employee over 326,667 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 September 2011.
15 September 2011
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that Saipem’s National 1625 DE onshore drilling rig for its deep, pre-salt exploration programme has been released from the previous operator’s location and is currently being mobilised to drill the NUR-1 well on the Emba B prospect in Block E. The Company estimates the NUR-1 well will begin drilling on or before 31 October 2011.
12 September 2011
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has commenced drilling the ASK-2 exploration well in Block E, targeting Jurassic and Triassic reservoirs with estimated unrisked mean resource potential of 50 mmbo. The total depth of the well will be approximately 3,300 metres.
12 September 2011
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that the SAGW-1 exploration well in the Sagiz West prospect has reached a depth of 1,406 metres with electric logs indicating 27 metres of net pay, including 21 metres of oil and 6 metres of gas pay, over a 114 metre interval in the
5 September 2011
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has commenced drilling the UTS-4 appraisal well on the Uytas prospect in Block A. The total depth of the well will be approximately 800 metres, targeting potential Cretaceous and Jurassic reservoirs.
30 August 2011
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce today that the UTS-3 confirmation well in the Uytas Field has reached a total depth of 825 metres, with electric logs indicating a total of 31 metres of net oil pay in Cretaceous and Jurassic formations. This includes 17 metres of net
24 August 2011
Max Petroleum, an oil and gas exploration and production company focused on Kazakhstan today announces the publication of its annual report and accounts for the year ended 31 March 2011. The Company also announces that its Annual General Meeting will be held at 10:00 am on Thursday 29 September 2011, at the Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, London, W1J 5EB. A copy of the Company's annual report will be available on the Company's website at www.maxpetroleum.com today and will be posted to shareholders with the notice convening the Annual General Meeting providing details of the venue, on or before 1 September 2011.
24 August 2011
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce an operational update of its activities in the Blocks A&E Licence area.
15 August 2011
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-3 appraisal well on the Uytas prospect in Block A. The total depth of the well will be approximately 800 metres, targeting potential Cretaceous and Jurassic reservoirs.
8 August 2011
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce today that the KZIE-1 exploration well in the East Kyzylzhar I prospect has reached a total depth of 1,620 metres, with electric logs indicating 17 metres of net oil pay in two Jurassic sandstone reservoirs at depths ranging between 987 and 1,251 metres. Reservoir quality appears excellent with porosities ranging from 20% to 30%.
8 August 2011
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce today that the UTS-2 confirmation well in the Uytas Field has reached a total depth of 820 metres, with electric logs indicating 12 metres of net oil pay in the Cretaceous section at depths ranging from 108 to 148 metres, consisting of three sandstone reservoirs of excellent quality with porosities ranging from 25% to 34%.
20 July 2011
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to provide a production update for the Zhana Makat Field.
18 July 2011
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-2 appraisal well on the Uytas prospect in Block A. The total depth of the well will be approximately 800 metres, targeting potential Cretaceous, Jurassic and Triassic reservoirs.
18 July 2011
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce the appointment, of Steven P. Martin as Senior Vice President of Engineering.
12 July 2011
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce that it has commenced drilling the KZIE-1 exploration well on the East Kyzylzhar I prospect in Block E. Total depth of the well will be approximately 1,500 metres, targeting potential Jurassic and Triassic reservoirs.
11 July 2011
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce that it has begun testing of the ZMA-ET1 appraisal well in the Zhana Makat Field, successfully flowing 47 degree API oil at an equivalent rate of approximately 1,200 barrels of oil per day (“bopd”) from perforations in a Triassic reservoir
4 July 2011
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, announced today an update of its operations in the Blocks A&E licence area in the Republic of Kazakhstan.
13 June 2011
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce that it has commenced drilling the BOR-3 appraisal well in the Borkyldakty Field. The total depth of the well will be approximately 1,800 metres, targeting Triassic reservoirs.
6 June 2011
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce an operational update of its activities in the Blocks A&E Licence area in the Republic of Kazakhstan.
23 May 2011
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, announced today an operational update of its activities in the Blocks A&E Licence area in the Republic of Kazakhstan.
16 May 2011
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce today that the ZMA-ET2 appraisal well in the Zhana Makat Field has reached a total depth of 1,492 metres, with electric logs indicating 18
12 May 2011
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, announced today an operational update of its activities in the Blocks A&E Licence area in the Republic of Kazakhstan.
28 April 2011
In conformity with the Financial Services Authority’s Disclosure and Transparency Rules, the Company would like to notify the market that as at 28 April 2011, the issued ordinary share capital of Max Petroleum consisted of 923,068,611 ordinary shares with voting rights attached (one vote per ordinary share). There are no ordinary shares held in Treasury.
28 April 2011
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, announced today that the Court of Cassation, a panel of the Almaty City Court in the Republic of Kazakhstan (“RoK”) has rejected the Company’s appeal of an ongoing tax claim brought against the Company
26 April 2011
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce that it has entered into a contract with Saipem, a subsidiary of Eni, S.p.A., for a National 1625 DE onshore drilling rig for
26 April 2011
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce that the Company has commenced drilling the ZMA-ET2 appraisal well further to the south of the recently drilled ZMA-ET1 well with the objective to
12 April 2011
The Company announces that on 8 April 2010 options were exercised over 15,000 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 April 2011.
11 April 2011
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce today that the ZMA-ET1 appraisal well in the Zhana Makat Field has reached a total depth of 1,472 metres, with electric logs indicating 22 metres of net oil pay in three Triassic sandstone reservoirs at depths ranging between 1,282 and 1,410 metres.
11 April 2011
Max Petroleum, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce the appointment of Peter Moss as a member of Max Petroleum’s Advisory Committee and the appointment of Tom Randell as Director of Investor Relations.
8 April 2011
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 11 August 2009, Deutsche Bank AG London exercised a right to subscribe for 4,920,000 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 13 April 2011. Following this exercise, 8,340,000 warrants held by Convertible Bondholders remain outstanding.
1 April 2011
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce today an operational update of its activities in the Blocks A&E Licence area in the Republic of Kazakhstan.
31 March 2011
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 2011, the issued ordinary share capital of Max Petroleum consisted of 918,133,611 ordinary shares with voting rights attached (one vote per ordinary share). There are no ordinary shares held in Treasury.
24 March 2011
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-ET1 appraisal well in the Zhana Makat Field on Block E. The total depth of the well will be approximately 1,450 metres, targeting Triassic reservoirs.
14 March 2011
Max Petroleum, an oil and gas exploration and development company focused on Kazakhstan, today announces that additional options to subscribe for 41.4 million new ordinary shares of 0.01p each in the Company (“Ordinary Shares”) were granted to the Directors, officers and certain employees of the Company on 10 March 2011 at an exercise price of 20p per share, of which one third are exercisable in equal amounts on the first,
11 March 2011
On 10 March 2011, the Company received notification that, as at 9 March 2011 Macquarie Bank Limited (“Macquarie”) held directly and indirectly a beneficial interest in 276,340,099 ordinary shares in the Company (“Ordinary Shares”), consisting of 141,544,653 Ordinary Shares and a warrant entitling it to acquire a further 134,795,446 Ordinary Shares at
11 March 2011
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 11 August 2009, Stichting Pensioenfonds ABP exercised a right to subscribe for 4,600,000 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 16 March 2011. Following this exercise, 13,200,000 warrants held by Convertible Bondholders remain outstanding.
10 March 2011
Max Petroleum announced today that pursuant to a warrant deed to subscribe for ordinary shares of 0.01 pence each in the Company (“Shares”) dated 10 November 2009, Macquarie Bank Limited (“Macquarie Bank”) exercised a right to subscribe for 133,971,947 Shares at an exercise price of 4.538 pence per Share. Proceeds from the exercise of US$9.8 million have been used to pay down the principal amount outstanding under the Company’s revolving credit facility with Macquarie Bank (the “Credit Facility”).
8 March 2011
On 8 March 2011, the Company received notification that, as of 3 March 2011 Gartmore Investment Limited held indirectly a beneficial interest in 58,131,099 ordinary shares in the Company (“Ordinary Shares”), representing 7.5% of the total voting rights attached to the issued ordinary share capital of the Company.
7 March 2011
On 4 March 2011, the Company received notification that, as of 2 March 2011 Och-Ziff Management Europe Ltd (“OZ”) held indirectly a beneficial interest in 28,441,573 ordinary shares in the Company (“Ordinary Shares”), consisting of 28,362,000 Ordinary shares and a swap over 79,573 Ordinary shares, representing 3.7% of the total voting rights on 2 March 2011 attached to the issued ordinary share capital of the Company.
4 March 2011
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 11 August 2009, Castlerigg Master Fund Limited exercised a right to subscribe for 2,000,000 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 10 March 2011.
3 March 2011
On 3 March 2011, the Company received notification that, as of 1 March 2011 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
1 March 2011
Further to the announcements dated 2 February 2011 (the “Placing Announcement”) and 4 February 2011, Max Petroleum is pleased to announce that at its General Meeting, held earlier today, the Shareholder Resolutions were duly passed and at its Bondholder Meeting, also held earlier today, the Bondholders approved the Bondholder Resolution.
28 February 2011
In conformity with the Financial Services Authority’s Disclosure and Transparency Rules, the Company would like to notify the market that as at 28 February 2011, the issued ordinary share capital of Max Petroleum consisted of 467,714,729 ordinary shares with voting rights attached (one vote per ordinary share). There are no ordinary shares held in Treasury.
17 February 2011
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, today announced that it has completed drilling the ALTW-1 exploration well on the West Altykol prospect on Block E. The well reached a total depth of 1,947 metres
16 February 2011
On 16 February 2011, the Company received notification that, as of 11 February, GLG Partners LP (“GLG”) held a beneficial interest in 41,387,399 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
16 February 2011
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce that it has commenced drilling the ASK-1 exploration well on the Asanketken prospect in Block E, the ninth of 15 post-salt exploration prospects scheduled to be drilled by the Company on Blocks A&E. The total depth of the well will be approximately 3,300 metres, targeting potential Triassic reservoirs.
14 February 2011
On 11 February 2011, the Company received notification that, as of 9 February 2011, Credit Suisse Group AG (“CS”) held an indirect beneficial interest in 19,027,694 ordinary shares in the Company (“Ordinary Shares”), representing 4.2% of the total voting rights attached to the issued ordinary share capital of the Company.
11 February 2011
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 11 August 2009, Credit Suisse Europe Limited exercised rights to subscribe for 12,420,000 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 17 February 2011.
4 February 2011
Further to the announcement dated 2 February 2011 (the “Placing Announcement”), Max Petroleum is pleased to announce...
4 February 2011
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 11 August 2009, Castlerigg Master Investments Ltd exercised a right to subscribe for 3,320,000 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 10 February 2011.
2 February 2011
Max Petroleum, an independent oil and gas exploration and production company focused on Kazakhstan announces...
31 January 2011
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce an operational update of its activities on the Blocks A&E Licence area.
6 January 2011
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce an operational update of its activities in the Blocks A&E Licence area.
