Max Petroleum Plc: Holdings in the Company
On 28 January 2013, the Company received notification that, as of 25 January 2013, Outrider Master Fund, LP held a beneficial interest in 177,484,655 ordinary shares in the Company representing 10.1% of the total voting rights attached to the issued ordinary share capital of the Company. Source
Max Petroleum Strikes 20 Metres of Pay at ESKN-1
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 …
Max Petroleum Completes Sberbank Credit Facility of $90m USD
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, allowing the Company to draw down up to US$60 million to repay US$47 million to …
Max Petroleum: Interim Financials – Revenues Double with Production up 58%
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. A summary of the Group’s financial and operational highlights are as follows: Financial Highlights Revenue of US$49.2 million during the six months ended 30 …
Max Petroleum: Spins Bit at ESKN-1
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 …
Max Petroleum plc: Shareholder Meeting in Connection with Debt Restructuring
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 …
Max Petroleum: Debt Restructuring
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”). The terms of the Restructuring, which comprise the refinancing of the Company’s existing senior credit …
Max Petroleum: BCHW-1 Test Flows at 450 bopd
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. Baichonas West The BCHW-1 well at the Baichonas West prospect has begun testing in a Triassic reservoir from …
Max Petroleum News – Equity for Services Share Allotment to Zhanros Drilling LLP
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announces that on 17 October 2012 it issued 23,327,652 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 …
Max Petroleum: Strikes Dust at BSBNE-1
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 without encountering producable hydrocarbons. The well will now …