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: Kenneth Hopkins Appointed Chief Operating Officer
Max Petroleum Plc, an oil and gas company focused on Kazakhstan, announces further details of previously announced cost cutting initiatives along with related management changes. Appointment of New Chief Operating Officer The Company is pleased to announce the appointment of Kenneth Hopkins as the Company’s Chief Operating Officer. Mr. Hopkins …
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 Successful Confirmation Well Drilled in Uytas Field
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce today that the UTS-2 confirmation well in the Uytas Field has reached a total depth of 820 metres, with electric logs indicating 12 metres of net oil pay in the Cretaceous section …
Max Petroleum New Oil Discovery in East Kyzylzhar I
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce today that the KZIE-1 exploration well in the East Kyzylzhar I prospect has reached a total depth of 1,620 metres, with electric logs indicating 17 metres of net oil pay in two …