NEWS
Max Petroleum Company News
Recent Articles
Results 50 articles shown
Max Petroleum's Kazakh Bank Accounts Suspended, Exports Halted
Max Petroleum's bank accounts in Kazakhstan will be suspended due to non-payment of taxes and its export sales as the debt-laden oil and gas company continues its attempts to secure funds.
8:00 PM EST | March 19, 2015
Max Raises Development Funds from Kazakhstan's Assaubayev Family
Max Petroleum raises $63 million needed to fund its development and exploration work in Kazakhstan.
8:00 PM EST | August 03, 2014
Max Petroleum Says Reviewing Strategic Options
Max Petroleum says it was reviewing strategic options, including a sale.
8:00 PM EST | July 21, 2014
Max Finds Hydrocarbons at Kazakh Field
Max Petroleum encounters hydrocarbons in a Jurassic sandstone reservoir in Kazakhstan's Zhana Makat field.
8:00 PM EST | June 09, 2014
Max Switches CFOs
Max Petroleum announces a change in chief financial officer for cost-cutting reasons.
8:00 PM EST | May 18, 2014
Max Scores Success at East Kyzylzhar I Field
Max Petroleum's KZIE-4 appraisal well onshore Kazakhstan finds 49 feet of net oil pay.
8:00 PM EST | May 07, 2014
Max Reports on Successful Drilling at Sagiz West Field in Kazakhstan
Max Petroleum reports on the successful drilling at SAGW-10 appraisal well in Sagiz West field in Kazakhstan.
7:00 PM EST | February 16, 2014
Max Begins Implementing 'Significant' Cost Cutting Program
Kazakhstan-focused Max Petroleum begins the implementation of a 'significant cost cutting' initiative.
7:00 PM EST | January 30, 2014
Max Scores More Successes Onshore Kazakhstan
Max Petroleum reports two more successful appraisal wells days after finding 98 feet of net oil pay with its SAGW-6 well.
8:00 PM EST | October 03, 2013
Max Finds Oil with Kazakh Appraisal Well
Max Petroleum reports its UTS-11 appraisal well has found 85 feet of net oil pay in Cretaceous and Jurassic reservoirs at its Uytas field, Kazakhstan.
8:00 PM EST | July 14, 2013
Max Spuds SAGW-4 Well in Kazakhstan
Results from SAWG-4 well will help Max Petroleum design an extended appraisal program over the Sagiz West structure in Kazakhstan.
8:00 PM EST | May 29, 2013
Max Petroleum Encounters Hydrocarbons at Zhana Makat Well
Max Petroleum announces that the ZMA-E6 development well in the Zhana Makat Field has successfully reached total depth, encountering hydrocarbons in Jurassic sandstone reservoirs.
8:00 PM EST | May 15, 2013
Max Petroleum Starts Drilling Ops at ZMA-E5
Max Petroleum commences drilling the ZMA-E5 development well in the Zhana Makat Field.
8:00 PM EST | April 21, 2013
Max Petroleum Begins Drilling Kazakh Well
Max Petroleum commences drilling operations at the ZMA-A24 development well.
8:00 PM EST | April 07, 2013
Max Petroleum Drills Zhana Makat Development Well
The producing Zhana Makat field in Kazakhstan adds another development well to its production output.
8:00 PM EST | April 01, 2013
Max Petroleum Wraps Up Drilling Ops at Block E
Max Petroleum announces it has completed drilling the BSBNE-1 exploration well on the Besbolek North-East prospect on Block E.
8:00 PM EST | October 14, 2012
Max Petroleum Begins Drilling Kazakh BSBNE-1 Well
Max Petroleum commences drilling the BSBNE-1 exploration well on the Besbolek North-East prospect on Block E.
8:00 PM EST | September 30, 2012
Max Petroleum Finishes Drilling Ops at Kazakh Well
Max Petroleum completes drilling the DOSNW-1 exploration well on the Dossor North-West prospect on Block E.
8:00 PM EST | September 19, 2012
Max Petroleum Enters Financing Deal with Zhanros
Max Petroleum Plc enters an agreement with Zhanros Drilling L.L.P., whereby Zhanros will fund up to $7 million of drilling and workover services in exchange for ordinary shares in the Company.
8:00 PM EST | August 07, 2012
More Problems for Max with Kazakh Drill
Max Petroleum's pre-salt play in Kazakhstan faces further delays.
8:00 PM EST | June 21, 2012
Max Petroleum Strikes Oil at Kazakhstan ASK-J2 Well
Max Petroleum strikes oil at ASK-J2 and adds a new post-salt prospect at Block E.
8:00 PM EST | June 07, 2012
Imminent Exploration to Determine Pre-Salt Opportunity
Investment bank Westhouse Securities has highlighted drilling by London-listed junior explorers as being important dates in the pre-salt calendar.
7:00 PM EST | March 08, 2012
Max Petroleum Finds Oil at KZIE-2 Appraisal Well
Max Petroleum finds new oil at its KZIE-2 appraisal well in the East Kyzylzhar I Field in Kazakhstan.
7:00 PM EST | December 21, 2011
Max Petroleum Reaches TD at Kazakh Well
Max Petroleum announced that the ASK-2 well, located in Kazakhstan, has been drilled to total depth.
7:00 PM EST | December 08, 2011
Max Petroleum Starts Drilling Ops at Kazakh Appraisal
Max Petroleum has commenced drilling the SAGW-2 appraisal well on the Sagiz West Field in Block E.
7:00 PM EST | December 04, 2011
Max Petroleum 'More Than Doubles' Kazakh Production
Max Petroleum announced a production update of its activities in the Blocks A&E License area in the Republic of Kazakhstan.
7:00 PM EST | November 20, 2011
Max Petroleum Commences Drilling Ops at Kazakh Block
Max Petroleum has begun drilling the NUR-1 well on the Emba B prospect in Block E.
8:00 PM EST | November 03, 2011
Max Petroleum Updates Drilling Ops in Kazakhstan
Max Petroleum announced an update of its drilling operations in the Blocks A&E license area in the Republic of Kazakhstan.
8:00 PM EST | November 01, 2011
Max Petroleum Commences Drilling at Kazakh Prospect
Max has begun drilling the ZLGS-1 exploration well on the Zhalgyz South prospect in Block A, Kazakhstan.
8:00 PM EST | October 10, 2011
Drilling Operations Start at Max Petroleum's ZMA-E2 Well
Max Petroleum has begun drilling the ZMA-E2 appraisal well in the Zhana Makat Field.
8:00 PM EST | October 09, 2011
Max Petroleum's Tax Case Denied
Max Petroleum has received written notice from the Supervisory Panel of the Supreme Court of the Republic of Kazakhstan rejecting the Company's final legal appeal to review the tax claim previously brought against the Company.
8:00 PM EST | October 05, 2011
Max Petroleum Reaches TD at Zhana Makat Well
Max Petroleum announced that the ZMA-A23 development well in the Zhana Makat Field in Kazakhstan has reached a total depth of 890 meters.
8:00 PM EST | October 04, 2011
Max Petroleum Begins Production Testing at Asanketken Field
Max Petroleum has begun testing the ASK-1 exploration well in the Asanketken Field.
8:00 PM EST | September 28, 2011
Max Petroleum Starts Drilling at Zhana Makat Well
Max Petroleum has commenced drilling the ZMA-A23 development well at the Zhana Makat Field in Block E, Kazakhstan.
8:00 PM EST | September 21, 2011
Max Petroleum Locates Oil Pay at Uytas Field
Max Petroleum announced that the UTS-4 confirmation well in the Uytas Field has reached a depth of 849 meters, with electric logs indicating 36 meters of potential net oil pay in the Cretaceous section.
8:00 PM EST | September 19, 2011
Max Petroleum Awaits Rig Arrival in Kazakhstan
Max Petroleum announced that Saipem's National 1625 DE onshore drilling rig for its deep, pre-salt exploration program is currently being mobilized to drill the NUR-1 well in Kazakhstan.
8:00 PM EST | September 14, 2011
Max Petroleum Begins Drilling Kazakh UTS-4 Appraisal
Max Petroleum has commenced drilling the UTS-4 appraisal well on the Uytas prospect in Block A, Kazakhstan.
8:00 PM EST | September 04, 2011
Max Petroleum Updates Activities in Kazakh Blocks
Max Petroleum announced an operational update of its activities in the Blocks A&E License area in Kazakhstan.
8:00 PM EST | August 23, 2011
Max Petroleum Begins Drilling at Uytas Appraisal Well
Max Petroleum has commenced drilling the UTS-3 appraisal well on the Uytas prospect in Block A.
8:00 PM EST | August 14, 2011
Max Petroleum Discovers Oil in East Kyzylzhar
Max Petroleum announced that the KZIE-1 exploration well in the East Kyzylzhar I prospect has reached total depth, with electric logs indicating 17 meters of net oil pay.
8:00 PM EST | August 07, 2011
Max Petroleum Confirms Oil Pay at Uytas Field
Max Petroleum announced that the UTS-2 confirmation well in the Uytas Field in Kazakhstan has reached total depth, with electric logs indicating 12 meters of net oil pay in the Cretaceous section at depths ranging from 108 to 148 meters.
8:00 PM EST | August 07, 2011
Max Petroleum to Boost Daily Production at Kazakh Field
"We are on track to increase aggregate daily production during the current quarter to approximately 3,500 bopd, which is a significant milestone for the Company," said Michael B. Young.
8:00 PM EST | July 19, 2011
Max Petroleum Starts Drilling at East Kyzylzhar Prospect
Max Petroleum has commenced drilling the KZIE-1 exploration well on the East Kyzylzhar I prospect in Block E.
8:00 PM EST | July 11, 2011
Max Petroleum Updates Kazakh Ops
Max Petroleum announced an update of its operations in the Blocks A&E license area in the Republic of Kazakhstan.
8:00 PM EST | July 03, 2011
Max Petroleum Spuds Kazakh Appraisal Well
Max Petroleum has commenced drilling the BOR-3 appraisal well in the Borkyldakty Field.
8:00 PM EST | June 12, 2011
Max Petroleum IDs Oil Pay at Kazakh Well
Max reported that electric logs at the NARS-1 exploration well on the Narmundanak South prospect indicate oil pay.
8:00 PM EST | June 05, 2011
Max Petroleum, Saipem Enter Kazakh Drilling Contract
Max Petroleum has entered into a contract with Saipem for a National 1625 DE onshore drilling rig for its deep, pre-salt exploration program.
8:00 PM EST | April 25, 2011
Max Petroleum Commences Drilling Zhana Makat Appraisal
Max Petroleum has commenced drilling the ZMA-ET2 appraisal well in the Zhana Makat Field on Block E.
8:00 PM EST | April 25, 2011
Max Petroleum Spies Oil Pay at Kazakh Prospect
Max Petroleum noted that the electric logs at ASK-1 exploration well indicate 24 meters of net oil pay at the Asanketkan prospect.
8:00 PM EST | March 31, 2011
Max Petroleum Begins Drilling Kazakh Appraisal
Max Petroleum has commenced drilling the ZMA-ET1 appraisal well in the Zhana Makat Field on Block E.
8:00 PM EST | March 23, 2011