Max Petroleum Ltd.

Max Petroleum Ltd. is a junior oil and gas producer that aggressively pursues exploration and development together with property purchases and acquisitions of profitable, quality oil and gas assets within focused areas of the Western Canadian Sedimentary Basin. Objectives:
  • A dual approach to value creation will be executed, combining exploration and development activity with acquisitions in order to optimize and accelerate opportunities.
  • Financial risk will be managed by monitoring debt to cash flow ratios, controlling the capital expenditure program and allocating activity to prospects for near-term cash flow.
  • Exploration and development activity will shift to a natural gas focus with emphasis on expanding our asset base in West Central Alberta.
  • A balance of crude oil and natural gas in our production and reserve base will be targeted in order to achieve operational flexibility regardless of commodity price fluctuations.
  • Capitalizing on the broadly-based skills of our people will allow us to realize our goals of growth, financial strength and operational stability.
Address: 606 4th St. SW
Suite 900
Calgary, Alberta, T2P 1T1
Contact: 403-261-6666

Recent Articles

AGR Energy Takes Controlling Stake in Tethys Petroleum
Wednesday, July 01, 2015 Central Asia-focused Tethys Petroleum raises a much-needed $48 million via a share placing with Kazakhstan's AGR Energy.
Max Petroleum in Last-Ditch Attempt to Stay Afloat
Monday, February 09, 2015 Max Petroleum says slump in crude oil prices would render its business insolvent unless it restructures its debt and secures a significant investment.
Max Petroleum Sees 4% Increase in Reserves
Friday, January 09, 2015 Kazakhstan-focused junior Max Petroleum sees its 2P reserves increase four percent to 9.9 million barrels of oil equivalent.
Max Commissions New Kazakh Pipeline
Tuesday, July 01, 2014 Max Petroleum commissions a new oil pipeline in Kazakhstan that it expects will save it almost $5 million per year in transport costs.
Max Petroleum Finds Oil, Gas with SAGW-7 Well
Wednesday, April 02, 2014 SAGW-7 appraisal well on the Sagiz West field in Kazakhstan finds oil and gas in four reservoirs.
Max Reports Successful Kazakh Appraisal Well
Monday, December 30, 2013 Max Petroleum's latest appraisal well on the Sagiz West field finds 23 feet of net pay.
Max Comes up Dry with Sagiz West and Uytas Appraisal Wells
Wednesday, October 16, 2013 After weeks of good news, Max Petroleum's latest appraisal wells fail to deliver.
Max Flows Oil at SAGW-5 Well in Kazakhstan
Tuesday, October 08, 2013 Max Petroleum says that tests on a Triassic reservoir in its SAGW-5 well, onshore Kazakhstan, have flowed oil at up to 240 barrels per day.
Max Strikes More Oil Onshore Kazakhstan
Tuesday, October 01, 2013 Max Petroleum reports that its SAGW-6 appraisal well has discovered oil.
Mixed Success for Max in Kazakhstan
Tuesday, September 17, 2013 Max Petroleum finds 10 feet of net oil pay with its appraisal well on the Uytas Field in Kazakhstan, but fails to find commercial hydrocarbons with its BCHW-3 well on the Baichonas West Field.
Max Appraisal Well Finds More Oil at Uytas
Tuesday, July 23, 2013 Max Petroleum's latest appraisal well on the Uytas field, Kazakhstan, has found more oil.
Max Spuds 2nd Appraisal Well on Uytas Field
Monday, July 08, 2013 Max spuds second appraisal well on Uytas field in Kazakhstan.
SAGW-4 Well in Kazakhstan Hits Oil
Tuesday, June 18, 2013 Max Petroleum reports that its SAGW-4 in Kazakhstan has identified 65 feet of new hydrocarbon pay.
Max Spuds UTS-8 Well in Kazakhstan
Monday, June 10, 2013 Drilling begins on Max Petroleum's UTS-8 well on the Uytas field, Kazakhstan.
Kazakhstan Well Comes up Dry for Max
Monday, June 03, 2013 Max Petroleum reports that its UTS-5 exploration well in Kazakhstan has come up dry.
Max Petroleum Releases Saipem Rig
Monday, July 16, 2012 Funding issues force Kazakh explorer Max Petroleum to release Saipem National 1625 DE deep drilling rig.
Max Petroleum Announces Production Progress
Tuesday, May 01, 2012 The Kazakh oil firm has begun testing two wells that have produced 616 and 805 bopd respectively.
Max Petroleum Makes Progress with Kazakh Pre-Salt Play
Monday, April 30, 2012 Max successfully sidetracks well around stuck drilling tools.
Max Petroleum's Tools Get Stuck in Hunt for Pre-Salt Hydrocarbons
Thursday, April 05, 2012 Kazakhstan-focused Max Petroleum now expects to hit total depth at the Emba B prospect in June.
Max Receives Zhana Makat FFD Approval
Friday, March 16, 2012 Max Petroleum announces the Kazakh Government has granted regulatory approval to convert the Zhana Makat Field to full field development status effective immediately.