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: 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: NUR-1 License Extension
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that the Ministry of Oil and Gas of the Republic of Kazakhstan (“MOG”) has advised the Company that it will provide various regulatory approvals for the Blocks A&E Licence in Western Kazakhstan …
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: NUR-1 Sidetracking Frees Stuck Tool
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, today announces an update on drilling at the NUR-1 pre-salt well at the Emba B prospect on Block E. The Company has successfully sidetracked the well around drilling tools that became stuck in early April. After setting intermediate …
Max Petroleum Mobilisation of Drilling Rig for Pre-Salt Exploration
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that Saipem’s National 1625 DE onshore drilling rig for its deep, pre-salt exploration programme has been released from the previous operator’s location and is currently being mobilised to drill the NUR-1 well …