16 May 2013
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that the ZMA-E6 development well in the Zhana Makat Field has successfully reached a total depth of 897 metres, encountering hydrocarbons in Jurassic sandstone reservoirs in line with expectations. The Company plans to complete
15 May 2013
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has received final regulatory approval of a two-year extension of the exploration period of the Company’s Blocks A&E Licence by the Ministry of Oil & Gas of the Republic of Kazakhstan (the “Appraisal Extension”).
7 May 2013
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-E6 development well in the Zhana Makat Field on Block E using Zhanros Drilling’s ZJ-20 rig. Total vertical depth of the well will be approximately 900 metres targeting Jurassic reservoirs.
1 May 2013
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce a drilling and operational update regarding its activities in the Blocks A&E Licence in Western Kazakhstan (the “Licence”).
22 April 2013
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-E5 development well in the Zhana Makat Field on Block E using Zhanros Drilling’s ZJ-20 rig. Total vertical depth of the well will be approximately 885 metres targeting Jurassic reservoirs.
18 April 2013
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, today announces that the ZMA-A24 development well in the Zhana Makat Field has successfully reached a total depth of 871 metres, encountering hydrocarbons in Jurassic sandstone reservoirs in line with expectations.
8 April 2013
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-A24 development well in the Zhana Makat Field on Block E using Zhanros Drilling’s ZJ-20 rig. Total vertical depth of the well will be approximately 860 metres targeting Jurassic reservoirs.
2 April 2013
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, today announces that the ZMA-A22 development well in the Zhana Makat Field has successfully reached a total depth of 1,363 metres, encountering hydrocarbons in Jurassic and Triassic sandstone reservoirs in line with expectations.
28 March 2013
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has completed the closing of the final US$30 million tranche of its senior credit facility with SB Sberbank JSC (the “Sberbank Facility”), allowing the Company to draw down the entire US$90 million in funds available under the Sberbank Facility.
11 March 2013
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-A22 development well in the Zhana Makat Field on Block E using Zhanros Drilling’s ZJ-20 rig. Total vertical depth of the well will be approximately 1,338 metres targeting Jurassic and Triassic reservoirs.
4 March 2013
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that the Ministry of Oil and Gas of the Republic of Kazakhstan (“MOG”) has advised the Company that it will provide various regulatory approvals for the Blocks A&E Licence in Western Kazakhstan (the “Licence”), including:
1 March 2013
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has been accepted by the Kazakhstan Stock Exchange (“KASE”) to register Max Petroleum’s ordinary shares (“Ordinary Shares”) on the KASE. The KASE listing will allow the Company to offer Ordinary Shares for sale in Kazakhstan, a key local regulatory requirement for the Company to be able to issue
22 February 2013
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, today announces that the ZMA-A20 development well in the Zhana Makat Field has successfully reached a total depth of 924 metres, encountering hydrocarbons in Necomian and Jurassic sandstone reservoirs in line with expectations. The Company plans to complete the well and then place it on production as soon as practicable. The Zhanros ZJ-20 rig will now move to drill the ZMA-A22 development well in the Zhana Makat Field.
8 February 2013
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-A20 development well in the Zhana Makat Field on Block E using Zhanros Drilling’s ZJ-20 rig. Total vertical depth of the well will be approximately 918 metres.
31 January 2013
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announces that on 30 January 2013 it issued 45,495,809 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 Thursday 7 February 2013.
28 January 2013
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, today announces that it has completed drilling the TOLW-1 exploration well on the Tolegen West prospect on Block E. The well reached a total depth of 1,540 metres without encountering producible hydrocarbons. The well will now be plugged and
11 January 2013
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has commenced drilling the TOLW-1 exploration well on the Tolegen West prospect on Block E using Zhanros Drilling’s ZJ-20 rig. Total vertical depth of the well will be approximately 1,600 metres. The Tolegen West prospect is a four-way anticline targeting unrisked mean resources of 8 million barrels of oil in Triassic reservoirs.
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.
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”).
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.
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
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.
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.
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.
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.
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.
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
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
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
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.
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.
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.
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.
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.
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
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
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.
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
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.
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
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
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.
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.
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.
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
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.
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.
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.
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.
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
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.
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, 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.
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.
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.
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.
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.
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.
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.
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.
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...
