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 Plc: Conclusion of Formal Sale Process
Max Petroleum announces that, following the General Meeting held earlier today at which all the resolutions relating to the proposed £37.1 million Subscription by AGR Energy were duly passed, the review of strategic options and the formal sale process announced on 22 July 2014 has now been concluded and, as …
Max Petroleum: AGR Energy to Own 51% After $59m USD Investment
Max Petroleum Plc is pleased to announce that it has today published a circular containing further details of the £37.1 million investment to be made by AGR Energy, subject to the fulfillment of certain conditions described below, and a notice of General Meeting, at which resolutions will be proposed to approve …
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: AGR Energy Only Bidder For the Company – Board Recommends Sale
Max Petroleum Plc, an oil and gas company focused on Kazakhstan, announces an update on the Company’s strategic review and on the proposed Subscription by AGR Energy, further to its announcements on 22 July 2014 and 4 August 2014. Review of strategic options and formal sale process The review of …
Max Petroleum: Raises $63m from AGR Energy
Max Petroleum is pleased to announce that it has raised approximately £37.1 million (approximately US$62.5 million) before expenses by way of a conditional cash subscription by AGR Energy Limited No. I (“AGR Energy” or the “Investor”) for 2,264,093,462 new Ordinary Shares at a price of 1.64 pence per Ordinary Share …
Max Petroleum: For Sale – Company Commences Formal Sale Process
Max Petroleum today announces that it is launching a review of strategic options open to the Company with the intention of maximising value for shareholders. The review of strategic options may include a corporate transaction such as a merger with, acquisition of or subscription for the Company’s securities by a …
Max Petroleum: 3P Reserves Up 7%, Production up 17%
Max Petroleum Plc, an oil and gas company focused on Kazakhstan, announces Group reserves as at 31 March 2014 as estimated by its Competent Person, Ryder Scott Company LLC (“RSC”). The reserves reflect drilling results and other technical information as at that date, including the results from 35 wells drilled …
Max Petroleum: Zhana Makat Well Strikes Oil and Zhanros Drilling On The Move
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that the ZMA-E7 development well in the Zhana Makat Field has successfully reached a total vertical depth of 997 metres, encountering hydrocarbons in Jurassic sandstone reservoirs in line with expectations. The Company …
Max Petroleum Confirm Appointment of Nominated Adviser
Max Petroleum plc (the “Company”), an oil and gas company focused on Kazakhstan, is pleased to announce the appointment of Oriel Securities Limited as Nominated Adviser with immediate effect. Oriel Securities will continue to act as the Company’s Joint Broker alongside Charles Stanley. Source