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”).
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.
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
15 December 2009
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce today that the ZMA-A12 development well in the Zhana Makat Field has reached a total measured depth of 883 metres, with
10 December 2009
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 2009.
17 November 2009
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce today that the ZMA-AN2 development well in the Zhana Makat Field has reached a total measured depth of 780 metres, with well logs indicating 8 metres of net oil pay in the Neocomian sandstone reservoir at true vertical depths of 660 to 668 metres, all in line with expectations.
12 November 2009
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, announces today that Macquarie Bank Limited (“Macquarie”) has notified the Company that Macquarie has successfully completed the syndication of the Company’s Senior Credit Facility (the “Credit Facility”) and confirmed that the Company’s syndication obligations under the Credit Facility have been satisfied.
2 November 2009
The Company is pleased to announce today that on 31 October 2009 drilling commenced on the ZMA-AN2 development well in the Zhana Makat Field on its Blocks A&E Licence area.
21 October 2009
Max Petroleum, an oil and gas exploration and development company focused on Kazakhstan, announces today the results of its third and final prospect review for 2009 based on the Group’s interpretation of 5,240 km2 of proprietary 3D seismic acquired over its two onshore licences in Western Kazakhstan.
15 October 2009
Max Petroleum, an oil and gas exploration and development company focused on Kazakhstan, today announces that additional options to subscribe for new ordinary shares of 0.01p each in the Company (“Ordinary Shares”) were granted to the Directors and employees of the Company on 13 October 2009 at an exercise price of 18.75p per share, of which one third are exercisable in equal amounts on the first, second and third anniversaries of the date of grant.
13 October 2009
Max Petroleum today announces 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 16 September 2009, were duly passed.
7 October 2009
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, announces today that Macquarie Bank Limited (“Macquarie”) has extended the agreed timetable for the syndication of up to 50% of the Company’s senior credit facility with Macquarie from 30 September 2009 to 15 November 2009 in order to allow Macquarie time to complete its ongoing syndication discussions with applicable third parties.
1 October 2009
Max Petroleum, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce the appointment of James J. Emme as Senior Vice President of Exploration. Following the recent relocation of the Group’s Chief Operating Officer, Richard Hook, from Houston to Almaty, Jim Emme is responsible for managing the farmout process for the Group’s Astrakhanskiy and Blocks A&E licence areas and the geological and geophysical technical team in Houston.
16 September 2009
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 2009. The Company also announces that its Annual General Meeting will be held at 10:00 am on Tuesday 13 October 2009 at The Lansdowne Club...
4 September 2009
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 2009.
17 August 2009
Max Petroleum, an oil and gas exploration and production company focused on Kazakhstan, announces today that the loan commitment under its senior credit facility (the “Credit Facility”) with Macquarie Bank Limited (“Macquarie”) has been increased to US$80 million. The Company also amended the Credit Facility ....
4 August 2009
Max Petroleum, an oil and gas exploration and production company focused on Kazakhstan, announces today that it has executed a two-year drilling contract (the “Contract”) with Sun Drilling LLP, who have operated in Kazakhstan since 2001. The Contract provides the Company with a Z-J30 rig...
12 May 2009
Max Petroleum today announces that at the Bondholder Meeting of the Company held at 3:00 p.m. today, the extraordinary resolution proposed to authorise and direct the Trustee to agree with the Company to modify the provisions of the Trust Deed to give effect to the restructuring of the Company’s U.S.$75,000,000 6.75 per cent. Convertible Bonds due 2011, as set out in the notice of the meeting to Bondholders dated 17 April 2009, was unanimously passed.
12 May 2009
Max Petroleum today announces that at the Extraordinary General Meeting of the Company held at 1:00 p.m. today, all resolutions proposed, as set out in the notice of the meeting to shareholders dated 17 April 2009, were duly passed.
7 May 2009
Max Petroleum, an oil and gas exploration and development company focused on Kazakhstan, announces today that the Ministry of Energy and Mineral Resources of the Republic of Kazakhstan (“MEMR”) has approved the amendment of the Company’s Astrakhanskiy Block subsoil use licence...
16 April 2009
The Company today announces that it intends to convene an Extraordinary General Meeting (the "EGM") to be held at the Lansdowne Club, 9 Fitzmaurice Place, London W1J 5JD at 1 p.m. on 12 May 2009. A notice of EGM will be posted to shareholders of the Company (the “Shareholders”) tomorrow to convene the EGM.
The Company also announces that ...
12 March 2009
Max Petroleum, an oil and gas exploration and development company focused on Kazakhstan, announces today an update to its strategic plan through the period ending 31 December 2010 (the “Strategic Plan”).
24 February 2009
Max Petroleum, an oil and gas exploration and development company focused on Kazakhstan, today announces certain adjustments to the terms of all share options held by the Company’s current employees and Directors, resulting in the exercise price of existing options to subscribe for 36.4 million ordinary shares of 0.01p each in the capital of the Company (“Ordinary Shares”) being changed to 4.75p per Ordinary Share.
In addition, further options to subscribe for Ordinary Shares have been granted to Executive Directors of the Company as follows...
24 February 2009
Max Petroleum, an oil and gas exploration and development company focused on Kazakhstan, has received undertakings from holders representing US$60.5 million of its US$75 million 6.75% convertible bonds due 2011 (the “Bonds”) to defer the next coupon payment under the terms of the Bonds, which is due on 8 March 2009, until 8 September 2009.
24 February 2009
Max Petroleum, an oil and gas exploration and development company focused on Kazakhstan, announces today that it has amended its senior credit facility (the “Credit Facility”) with Macquarie Bank Limited (“Macquarie”), increasing the potential borrowing base available under the Credit Facility from $50 million to $100 million subject to certain terms and conditions.
6 February 2009
Max Petroleum, an oil and gas exploration and development company focused on Kazakhstan, today announces management changes designed to enhance the Group’s ability to execute both its immediate and long-term objectives...
