Max Petroleum: Spins Bit at BSBNE-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 BSBNE-1 exploration well on the Besbolek North-East prospect on Block E using Zhanros Drilling’s ZJ-20 rig. Total vertical depth of the well will be approximately 1,580 …
Zhanros Drills Max Petroleum Out of Financial Hole
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announces that it has entered into an agreement with Zhanros Drilling L.L.P., one of its drilling contractors, whereby Zhanros will fund up to US$7 million of drilling and workover services in exchange for ordinary shares in …
Max Petroleum: Releases NUR-1 Drilling Rig due to Stuck String and Finances
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, today announces that it is releasing the Saipem National 1625 DE onshore deep drilling rig drilling the NUR-1 well at the Emba B Prospect in Block E given the need to obtain additional capital to complete …
Max Petroleum: Stuck Drill String Suspends NUR-1
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announces that drilling at the NUR-1 pre-salt well on its Blocks A&E Licence has been temporarily suspended. Since announcing on 22 June 2012 that the drill string on the NUR-1 well had become stuck, the Company …
Max Petroleum – Holdings in Company
On 25 June 2012, the Company received notification that, as of 22 June 2012, Henderson Global Investors (“Henderson”) held a beneficial interest in 109,790,513 ordinary shares in the Company (“Ordinary Shares”), consisting of 86,090,849 Ordinary Shares and convertible bonds held in the Company, which are convertible into 23,699,664 Ordinary Shares …
Max Petroleum Plc Production Test at Asanketken Field
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announces that the ASK-J2 well in the Asanketken Field has begun testing in a Jurassic reservoir from depths between 1,307 and 1,312 metres, flowing at a stable rate of 503 barrels of oil per day (“bopd”) …
Max Petroleum Plc: Operational and Financial Update
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announces an operational and financial update. The Company has experienced further delays drilling its NUR-1 well and as a result does not expect to reach total depth of 7,250 metres before August 2012. The delays largely …
Max Petroleum Plc: Operational Update 8 June
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce an operational update of its activities in the Blocks A&E Licence area. Successful Appraisal Well at Asanketken The ASK-J2 appraisal well in the Asanketken Field has reached a total depth of 1,401 …
Max Petroleum: ASK-J1 hits 36m Pay Zone
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announces that the ASK-J1 appraisal well in the Asanketken Field has reached a total depth of 1,378 metres with electric logs indicating 36 metres of net oil pay. This includes 27 metres of high quality net …
Max Petroleum: 1st May Production Update
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announces an update on production. Asanketken The ASK-2 well in the Asanketken Field has begun testing in a Jurassic reservoir from depths between 1,302 and 1,305 metres, producing at a stable rate of 616 barrels of …