Max Petroleum: AGR Energy Invests $13.8m Plus Further Loan Capital
Max Petroleum announces a conditional cash subscription by AGR Energy to raise US$13.8 million (£8.98 million) before expenses for 3,834,590,973 new Ordinary Shares at a price of 0.2341 pence per share such that AGR Energy will hold 63.8% of the Enlarged Issued Share Capital immediately following completion of the Subscription. …
Max Petroleum: Kenneth Hopkins Appointed Chief Operating Officer
Max Petroleum Plc, an oil and gas company focused on Kazakhstan, announces further details of previously announced cost cutting initiatives along with related management changes. Appointment of New Chief Operating Officer The Company is pleased to announce the appointment of Kenneth Hopkins as the Company’s Chief Operating Officer. Mr. Hopkins …
Max Petroleum: Starts Cost Cutting Initiative as They Shift from Exploration to Production
Max Petroleum Plc, an oil and gas company focused on Kazakhstan, announces that it has begun implementation of a significant cost cutting initiative that it expects to continue for the remainder of FY 2014 and beyond. The initiative recognises the Company’s shift from exploration and development to primarily production with …
Max Petroleum Third Successful Well Drilled in Uytas Field
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 …