Max Petroleum: Sberbank Supplies Debt Relief – 6 Month Holiday on Principle and Interest Payments
Max Petroleum announces that Sberbank has unconditionally granted a six month standstill on all principal and interest payments due under the Company’s c.US$80 million loan through to 14 December 2015. In addition, the Company has accrued US$3.8 million of interest as of 30 June 2015. Interest will continue to accrue …
Max Petroleum: Interim Results – Production Up 17% Cash From Ops Up 187%
Max Petroleum, an oil and gas exploration and production company focused on Kazakhstan, today announces its interim results for the six months ended 30 September 2014. HIGHLIGHTS Six months ended 30 September 2014 Six months ended 30 September 2013 % Change Production (bopd) 4,239 3,630 17% Revenue (US$ …
Max Petroleum: Sberbank Loans Renegotiated, Asanketken Field Given FFD Green Light
Max Petroleum Plc, an oil and gas company focused on Kazakhstan, announces today an corporate and operational update. Subscription by AGR Energy On 4 August 2014, Max Petroleum announced that it had raised conditionally approximately £37.1 million before expenses by way of a cash subscription by AGR Energy Limited No. …
Max Petroleum: SAGW-13 Hits 6m of Net Pay
Max Petroleum Plc, an oil and gas company focused on Kazakhstan, is pleased to announce successful drilling results of an appraisal well in the Sagiz West Field. The SAGW-13 appraisal well in the Sagiz West Field has reached a depth of 1,577 metres, with electric logs indicating six metres of …
Max Petroleum: Successful Appraisal Well at Sagiz West
Max Petroleum Plc, an oil and gas company focused on Kazakhstan, is pleased to announce successful drilling results of an appraisal well in Sagiz West Field. The SAGW-10 appraisal well has reached a depth of 1,400 metres with electric logs indicating 16 metres of net oil pay over a 24 …
Max Petroleum: Total 2P Reserves up 40%
Max Petroleum Plc, an oil and gas company focused on Kazakhstan, announces the estimated reserves for the Sagiz West Field as of 31 December 2013 by its Competent Person, Ryder Scott Company LLC, updating the Sagiz West reserve estimate produced by RSC as of 30 September 2013. The updated CPR …
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: SAGW-8 7m of Net Pay
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce successful drilling results of an appraisal we ll in Sagiz West Field. The SAGW – 8 appraisal well in the Sagiz West field has reached a vertical depth of 1,351 metres with …
Max Petroleum: SAGW-12 Strikes 13m of Net Pay
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce successful drilling results of an appraisal well in Sagiz West Field. The SAGW-12 appraisal well has reached a depth of 1,524 metres with electric logs indicating 13 metres of net oil pay …
Max Petroleum: Successful Appraisal Wells at Sagiz West and Uytas
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce successful drilling results of an appraisal well in Sagiz West and two appraisal wells in the Uytas field. The SAGW-9 appraisal well in the Sagiz West field has reached a depth of …