31 December 2012
In conformity with the Financial Services Authority's Disclosure and Transparency Rules, the Company would like to notify the market that as at 31 December 2012, the issued ordinary share capital of Max Petroleum consists of 1,758,852,203 ordinary shares with voting rights attached (one vote per ordinary share). There are no ordinary shares held in Treasury.
31 December 2012
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announces that the ESKN-1 exploration well in the Eskene North prospect has reached a depth of 1,507 metres with electric logs indicating 20 metres of net pay over an 90 metre gross interval in the Triassic Formation at measured depths between 1,272 and 1,362 metres. Reservoir quality is fair with porosities ranging from 15% to 20%.
31 December 2012
Max Petroleum, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce today it has completed the initial closing of its US$90 million senior credit facility with SB Sberbank JSC (the “Sberbank Facility”), allowing the Company to draw down up to US$60 million to repay US$47 million to Macquarie Bank Limited (“Macquarie”) and partially fund its ongoing shallow drilling programme.
28 December 2012
On 24 December 2012, the Company received notifications, that as at 21 December 2012, SIB (Cyprus) Limited ("Sberbank"), beneficially owned by Sberbank of Russia OJSC and Macquarie Bank Limited ("Macquarie") had entered into a call option ("Call Option') granting Sberbank the right to purchase 197,180,534 ordinary shares of the Company ("Shares")
28 December 2012
On 27 December 2012, the Company received notification that, as of 24 December 2012, Henderson Global Investors (“Henderson”) held directly a beneficial interest in 205,908,259 ordinary shares in the Company, representing 11.7% of the total voting rights attached to the issued ordinary share capital of the Company.
21 December 2012
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to provide an update on its debt restructuring previously announced on 27 November 2012 (the “Restructuring”) that at separate Shareholder and Bondholder Extraordinary General meetings today all resolutions have been duly passed with more than 99% of votes cast in favour of the Restructuring. Mr. Lee Kraus has also resigned as a Non-Executive Director and has been replaced by Mr. Malcolm Butler, a nominee of certain Bondholders.
21 December 2012
The Company announces that, further to the update on its debt restructuring announced earlier today, it is pleased to confirm that it has duly allotted 708,999,985 ordinary shares of 0.01 pence each in the Company (“Shares”) to holders of the Company’s US$85.6 million 6.75% convertible bonds (the “Bonds”) on conversion into Shares of approximately US$56.7 million of Bonds in principal amount and accrued interest.
18 December 2012
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 2012.
17 December 2012
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has commenced drilling the ESKN-1 exploration well on the Eskene North prospect on a new location on Block E using Zhanros Drilling’s ZJ-20 rig. Total vertical depth of the well will be approximately 1,400 metres. The Eskene
4 December 2012
Max Petroleum, an oil and gas exploration and production company focused on Kazakhstan, announces, further to its announcement on Tuesday 27 November (the “27 November Announcement”), that it will today issue a circular to shareholders convening a general meeting to be held at the offices of Akin Gump LLP, Eighth Floor,
27 November 2012
Max Petroleum, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce today its intention to implement a refinancing and a comprehensive restructuring of its outstanding debt facilities (the “Restructuring”).
21 November 2012
On 20 November 2012, the Company received notification that, as of 19 November 2012, Henderson Global Investors (“Henderson”) held a beneficial interest in 134,903,999 ordinary shares in the Company (“Ordinary Shares”), consisting of 111,204,340 Ordinary Shares and convertible bonds held in the Company, which are convertible into 23,699,659
1 November 2012
On 31 October 2012, the Company received notification that, as at 24 October 2012 Macquarie Bank Limited (“Macquarie”) held directly a beneficial interest in 198,155,289 ordinary shares in the Company (“Ordinary Shares”), consisting of 197,180,534 Ordinary
31 October 2012
In conformity with the Financial Services Authority’s Disclosure and Transparency Rules, the Company would like to notify the market that as at 31 October 2012, the issued ordinary share capital of Max Petroleum consists of 1,049,852,218 ordinary shares with voting rights attached (one vote per ordinary share). There are no ordinary shares held in Treasury.
25 October 2012
On 24 October 2012, the Company received notification that, as of 22 October 2012, UBS Investment Bank held directly a beneficial interest in 157,000,311 ordinary shares in the Company (“Ordinary Shares”), consisting of 84,008,618 Ordinary Shares held in the Company and equity swaps over 72,991,693 Ordinary Shares with maturities on 1 April 2016 and 1 April 2019, representing 15% of the total voting rights attached to the issued ordinary share capital of the Company.
22 October 2012
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announces an operational update of its activities in the Blocks A&E Licence area in the Republic of Kazakhstan.
18 October 2012
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announces that on 17 October 2012 it issued 23,327,652 ordinary shares of 0.01 pence each in the Company (“Shares”) at 5 pence per Share to Zhanros Drilling L.L.P. (“Zhanros”). Application has been made for these Shares to be admitted to trading on AIM on Wednesday 24 October 2012.
17 October 2012
On 16 October 2012, the Company received notification that, as of 12 October 2012, UBS Investment Bank held directly a beneficial interest in 135,494,963 ordinary shares in the Company (“Ordinary Shares”), consisting of 68,316,988 Ordinary Shares held in the Company and equity swaps over 67,177,975 Ordinary Shares with maturities on 1 April
15 October 2012
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, today announces that it has completed drilling the BSBNE-1 exploration well on the Besbolek North-East prospect on Block E. The well reached a total depth of 1,328 metres
9 October 2012
On 8 October 2012, the Company received notification that, as of 5 October 2012, Henderson Global Investors (“Henderson”) held a beneficial interest in 119,755,515 ordinary shares in the Company (“Ordinary Shares”), consisting of 110,023,974 Ordinary Shares and convertible bonds held in the Company, which are convertible into 9,731,541
1 October 2012
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has commenced drilling the BSBNE-1 exploration well on the Besbolek North-East prospect on Block E using Zhanros Drilling’s ZJ-20 rig. Total vertical depth of the well will be approximately 1,580 metres. The Besbolek North-East Prospect is a four-way anticline targeting unrisked mean resources of 10 million barrels of oil in Triassic reservoirs.
28 September 2012
In conformity with the Financial Services Authority’s Disclosure and Transparency Rules, the Company would like to notify the market that as at 28 September 2012, the issued ordinary share capital of Max Petroleum consists of 1,026,524,566 ordinary shares with voting rights attached (one vote per ordinary share). There are no ordinary shares held in Treasury.
26 September 2012
On 26 September 2012, the Company received notification that, as of 24 September 2012, UBS Investment Bank held directly a beneficial interest in 122,778,238 ordinary shares in the Company (“Ordinary Shares”), consisting of 62,373,552 Ordinary Shares held in the Company and equity swaps over 60,404,686 Ordinary Shares with maturities on 1 April 2016 and 1 April 2019, representing 12% of the total voting rights attached to the issued ordinary share capital of the Company.
24 September 2012
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 11:00 a.m. today, all the resolutions proposed were duly passed as set out in the notice of the meeting dated 30 August 2012.
20 September 2012
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, today announced that it has completed drilling the DOSNW-1 exploration well on the Dossor North-West prospect on Block E. The well reached a total depth of
20 September 2012
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announces that on 20 September 2012 it has issued 8,035,708 ordinary shares of 0.01 pence in the Company (“Shares”) at 5 pence per Share to Zhanros Drilling L.L.P. (“Zhanros”). Application has been made for these Shares to be admitted to trading on AIM on Wednesday 26 September 2012.
11 September 2012
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has commenced drilling the DOSNW-1 exploration well on the Dossor North West prospect on Block E using Zhanros Drilling’s ZJ-20 rig. Total depth of the well will be
3 September 2012
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announces that the BCHW-1 exploration well in the Baichonas West prospect has reached a depth of 1,430 metres with electric logs indicating 13 metres of net pay over a 20 metre interval in the Jurassic Formation at measured depths between 1,170 and 1,190 metres. Reservoir quality is good with porosities ranging from 18% to 26%.
24 August 2012
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 2012. The Company also announces that its Annual General Meeting will be held at 11:00 am on Monday 24 September 2012, at the Lansdowne Club, 9 Fitzmaurice Place, Mayfair, London W1J 5JD. 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 30 August 2012.
21 August 2012
On 21 August 2012, the Company received notification that, as of 17 August 2012, UBS Investment Bank held directly a beneficial interest in 115,478,816 ordinary shares in the Company (“Ordinary Shares”), consisting of 59,512,152 Ordinary Shares held in the
17 August 2012
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has commenced drilling the BCHW-1 exploration well on the Baichonas West prospect on Block E using Zhanros Drilling’s ZJ-20 rig.
15 August 2012
On 14 August 2012, the Company received notification that, as of 7 August 2012, Henderson Global Investors (“Henderson”) held a beneficial interest in 127,314,903 ordinary shares in the Company (“Ordinary Shares”), consisting of 103,615,243 Ordinary Shares and convertible bonds held in the Company, which are convertible into 23,699,660
8 August 2012
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announces that it has entered into an agreement with Zhanros Drilling L.L.P. ("Zhanros"), one of its drilling contractors, whereby Zhanros will fund up to US$7m of drilling and workover services in exchange for ordinary shares in the Company.
8 August 2012
On 7 August 2012, the Company received notification that, as of 3 August 2012, UBS Investment Bank held directly a beneficial interest in 104,117,644 ordinary shares in the Company (“Ordinary Shares”), consisting of 50,834,652 Ordinary Shares held in the
6 August 2012
On 6 August 2012, the Company received notification that, as of 2 August 2012, UBS Investment Bank held directly a beneficial interest in 50,847,952 ordinary shares in the Company, representing 5% of the total voting rights attached to the issued ordinary share capital of the Company.
31 July 2012
On 30 July 2012, the Company received notification that, as of 26 July 2012, Henderson Global Investors (“Henderson”) held a beneficial interest in 121,868,798 ordinary shares in the Company (“Ordinary Shares”), consisting of 98,169,134 Ordinary Shares and convertible bonds held in the Company, which are convertible into 23,699,664 Ordinary
16 July 2012
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, today announces that it is releasing the Saipem National 1625 DE onshore deep drilling rig drilling the NUR-1 well at the Emba B Prospect in Block E given the need to obtain additional capital to complete the well.
4 July 2012
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announces that drilling at the NUR-1 pre-salt well on its Blocks A&E Licence has been temporarily suspended.
4 July 2012
On 4 July 2012, the Company received notification that, as of 2 July 2012, UBS Investment Bank held directly a beneficial interest in 56,565,512 ordinary shares in the Company, representing 5.6% of the total voting rights attached to the issued ordinary share capital of the Company.
26 June 2012
On 25 June 2012, the Company received notification that, as of 22 June 2012, Henderson Global Investors (“Henderson”) held a beneficial interest in 109,790,513 ordinary shares in the Company (“Ordinary Shares”), consisting of 86,090,849 Ordinary Shares and
25 June 2012
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announces that the ASK-J2 well in the Asanketken Field has begun testing in a Jurassic
22 June 2012
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announces an operational and financial update.
8 June 2012
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce an operational update of its activities in the Blocks A&E Licence area.
22 May 2012
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announces that it has commenced drilling the ASK-J2 development well in the Asanketken Field in Block E. Total depth of the well will be approximately 1,400 metres, targeting Jurassic reservoirs.
22 May 2012
On 21 May 2012, the Company received notification that, as of 17 May 2012, GLG Partners LP (“GLG”) held a beneficial interest in 46,770,454 ordinary shares in the Company (“Ordinary Shares”), consisting of convertible bonds held in the Company, which are convertible into 43,470,454 Ordinary Shares on a delta adjusted basis at a conversion price
17 May 2012
On 16 May 2012, the Company received notification that, as of 11 May 2012, GLG Partners LP (“GLG”) held a beneficial interest in 58,401,078 ordinary shares in the Company (“Ordinary Shares”), consisting of convertible bonds held in the Company, which are convertible into 55,101,078 Ordinary Shares on a delta adjusted basis at a conversion price of 32p per share at a fixed USD/GBP exchange rate of $1.49 to £1, and a warrant entitling
14 May 2012
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announces that the ASK-J1 appraisal well in the Asanketken Field has reached a total depth of 1,378 metres with electric logs indicating 36 metres of net oil pay. This includes 27 metres of high quality net oil pay in five zones at depths ranging from 1,240 to
4 May 2012
On 3 May 2012, the Company received notification that, as of 1 May 2012, UBS Investment Bank held directly a beneficial interest in 41,365,900 ordinary shares in the Company, representing 4% of the total voting rights attached to the issued ordinary share capital of the Company.
1 May 2012
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announces an update on production.
30 April 2012
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, today announces an update on drilling at the NUR-1 pre-salt well at the Emba B prospect on Block E. The Company has successfully sidetracked the well around drilling tools that became stuck in early April. After setting intermediate casing at a depth of 5,683
16 April 2012
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce an update on production test results and development plans for its Uytas Field.
10 April 2012
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announces that it has commenced drilling the ASK-J1 development well in the Asanketken Field in Block E. Total depth of the well will be approximately 1,370 metres, targeting Jurassic reservoirs.
5 April 2012
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announces an update on drilling at the NUR-1 pre-salt well at the Emba B prospect on Block E. The well
3 April 2012
On 2 April 2012, the Company received notification that, as of 30 March 2012, Henderson Global Investors (“Henderson”) held a beneficial interest in 119,228,633 ordinary shares in the Company (“Ordinary Shares”), consisting of 95,528,969 Ordinary Shares and
30 March 2012
On 30 March 2012, the Company received notification that, as of 28 March 2012, UBS Investment Bank held directly a beneficial interest in 30,680,300 ordinary shares in the Company, representing 3% of the total voting rights attached to the issued ordinary share capital of the Company.
16 March 2012
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announces that the Kazakh Government has granted regulatory approval to convert the Zhana Makat Field to full field development (“FFD”) status effective immediately. FFD approval will allow Max Petroleum to develop and produce the Zhana
8 March 2012
On 6 March 2012, the Company received notification that, as of 1 March 2012, GLG Partners LP (“GLG”) held a beneficial interest in 29,455,394 ordinary shares in the Company (“Ordinary Shares”), consisting of convertible bonds held in the Company, which are convertible into 26,155,394 Ordinary Shares on a delta adjusted basis at a conversion price of 32p per share at a fixed USD/GBP exchange rate of $1.49 to £1, and a warrant entitling GLG to acquire a further 3,300,000 Ordinary Shares at an exercise price of 5p per share.
5 March 2012
The Company announces that on 2 March 2012 options were exercised over 300,000 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 9 March 2012.
29 February 2012
In conformity with the Financial Services Authority’s Disclosure and Transparency Rules, the Company would like to notify the market that as at 29 February 2012, the issued ordinary share capital of Max Petroleum consists of 1,018,188,858 ordinary shares with voting rights attached (one vote per ordinary share). There are no ordinary shares held in Treasury.
27 February 2012
The Company announces today that on 23 February 2012, pursuant to a warrant deed to subscribe for ordinary shares of the Company dated 12 August 2009, a warrantholder elected for the cashless exercise of its right to subscribe for 10,000,000 Ordinary Shares at an exercise price of 4.538 – 5.673p per ordinary share, resulting in the issue and allotment of 6,414,110 new Ordinary Shares.
27 February 2012
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, today announces an operational update on the results of the SAGW-3 appraisal well, progress with drilling operations at the NUR-1 well on the Emba B prospect and a report on the impact on operations of recent severe weather.
24 February 2012
On 23 February 2012, the Company received notification that, as at 21 February 2012 Macquarie Bank Limited (“Macquarie”) held directly a beneficial interest in 200,956,720 ordinary shares in the Company (“Ordinary Shares”), consisting of 199,981,965 Ordinary
21 February 2012
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has appointed Oriel Securities Limited as joint corporate broker, to work alongside Macquarie Capital (Europe) Limited, with immediate effect.
2 February 2012
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has begun testing a second Triassic reservoir in the SAGW-1 well in the Sagiz West Field at depths between 1,243 to 1,255 metres, flowing 43 API gravity oil at a stable rate of 430 barrels of oil per day (“bopd”) over a 17-hour
25 January 2012
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-3 appraisal well on the Sagiz West Field in Block E. Total depth of the well will be approximately 1,400 metres, targeting Triassic reservoirs.
9 January 2012
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.
