Max Petroleum: Sberbank Supplies Debt Relief – 6 Month Holiday on Principle and Interest Payments
Max Petroleum announces that Sberbank has unconditionally granted a six month standstill on all principal and interest payments due under the Company’s c.US$80 million loan through to 14 December 2015. In addition, the Company has accrued US$3.8 million of interest as of 30 June 2015. Interest will continue to accrue …
Max Petroleum: Interim Results – Production Up 17% Cash From Ops Up 187%
Max Petroleum, an oil and gas exploration and production company focused on Kazakhstan, today announces its interim results for the six months ended 30 September 2014. HIGHLIGHTS Six months ended 30 September 2014 Six months ended 30 September 2013 % Change Production (bopd) 4,239 3,630 17% Revenue (US$ …
Max Petroleum: Sberbank Loans Renegotiated, Asanketken Field Given FFD Green Light
Max Petroleum Plc, an oil and gas company focused on Kazakhstan, announces today an corporate and operational update. Subscription by AGR Energy On 4 August 2014, Max Petroleum announced that it had raised conditionally approximately £37.1 million before expenses by way of a cash subscription by AGR Energy Limited No. …
Max Petroleum: Successful Drilling Results as East Kyzylzhar
Max Petroleum Plc, an oil and gas company focused on Kazakhstan is pleased to announce further successful drilling results in the East Kyzylzhar I Field. The KZIE-4 appraisal well has reached a vertical depth of 1,318 metres with electric logs indicating 15 metres of net oil pay in two Jurassic …
Max Petroleum – East Kyzylzhar I Field Begins Production as the Company Hits Record Daily Production Rate of 5,625 BOPD
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 discovery well in the East Kyzylzhar I Field, flowing …