Max Petroleum: Conversion of Bonds
Max Petroleum announces that, further to the update on the final conversion of convertible bonds announced on 30 August 2013, it is pleased to confirm that it has duly allotted 357,571,134 ordinary shares of 0.01 pence each in the Company (“Shares”) to holders of the Company’s outstanding 10% notes, comprising US$28.6 …
Max Petroleum: Spudding of BCHW-3 Appraisal Well
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has commenced drilling the BCHW-3 appraisal well in the Baichonas West Field on Block E using the Zhanros ZJ-20 rig. The well will be drilled to a total vertical depth …
Max Petroleum: Final Conversion of Convertible Bonds
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has received written regulatory approval from the Ministry of Oil and Gas of the Republic of Kazakhstan permitting the conversion of the Company’s outstanding 10% notes, comprising US$28.6 million in …
Max Petroleum: Successful Well Drilled in the Borkyldakty Field
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has finished drilling the BOR-4 development well in the Borkyldakty Field, reaching total vertical depth of 1,609 metres. The well successfully encountered approximately 31 metres of net oil pay across …
Max Petroleum: 2013 Annual Report and Accounts and Notice of AGM
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 2013. The Company also announces that its Annual General Meeting will be held at 11:00 am on Wednesday 25 September 2013, …
Max Petroleum: Operations Update on SAGW, ESKN and BCHW
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce an operations update for the Sagiz West, Eskene North and Baichonas West fields. Sagiz West The combined results of the SAGW-4 well and the latest 3D seismic survey results confirm productive reservoirs …
Max Petroleum: Halliburton to Provide Integrated Project Management Services To Drill and Complete NUR-1 Pre-salt Well
Max Petroleum, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has entered into a memorandum of understanding with Halliburton Kazakhstan LLP, a subsidiary of Halliburton Energy Services, whereby Halliburton will provide integrated project management services for the drilling and completion of …
Max Petroleum Plc: Successful development well at Zhana Makat
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that the ZMA-A21 development well in the Zhana Makat Field has successfully reached a total vertical depth of 861 metres, encountering hydrocarbons in Neocomian and Jurassic sandstone reservoirs in line with expectations. …
Max Petroleum: Uytas Field Contiunes to Show Pay Zones
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that the UTS-10 appraisal well in the Uytas Field has successfully reached a total depth of 484 metres, with electric logs indicating a total of nine metres of net oil pay in …
Max Petroleum: Borkyldakty Field Placed on Full Field Development
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that the Government of the Republic of Kazakhstan has granted regulatory approval to convert the Borkyldakty Field to full field development (“FFD”) status effective immediately. FFD approval will allow Max Petroleum to …