Max Petroleum Ltd. Company News

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AGR Energy Takes Controlling Stake in Tethys Petroleum
Central Asia-focused Tethys Petroleum raises a much-needed $48 million via a share placing with Kazakhstan's AGR Energy.
8:00 PM EST | June 30, 2015
Max Petroleum in Last-Ditch Attempt to Stay Afloat
Max Petroleum says slump in crude oil prices would render its business insolvent unless it restructures its debt and secures a significant investment.
7:00 PM EST | February 08, 2015
Max Petroleum Sees 4% Increase in Reserves
Kazakhstan-focused junior Max Petroleum sees its 2P reserves increase four percent to 9.9 million barrels of oil equivalent.
7:00 PM EST | January 08, 2015
Max Commissions New Kazakh Pipeline
Max Petroleum commissions a new oil pipeline in Kazakhstan that it expects will save it almost $5 million per year in transport costs.
8:00 PM EST | June 30, 2014
Max Petroleum Finds Oil, Gas with SAGW-7 Well
SAGW-7 appraisal well on the Sagiz West field in Kazakhstan finds oil and gas in four reservoirs.
8:00 PM EST | April 01, 2014
Max Reports Successful Kazakh Appraisal Well
Max Petroleum's latest appraisal well on the Sagiz West field finds 23 feet of net pay.
7:00 PM EST | December 29, 2013
Max Comes up Dry with Sagiz West and Uytas Appraisal Wells
After weeks of good news, Max Petroleum's latest appraisal wells fail to deliver.
8:00 PM EST | October 15, 2013
Max Flows Oil at SAGW-5 Well in Kazakhstan
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.
8:00 PM EST | October 07, 2013
Max Strikes More Oil Onshore Kazakhstan
Max Petroleum reports that its SAGW-6 appraisal well has discovered oil.
8:00 PM EST | September 30, 2013
Mixed Success for Max in Kazakhstan
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.
8:00 PM EST | September 16, 2013
Max Appraisal Well Finds More Oil at Uytas
Max Petroleum's latest appraisal well on the Uytas field, Kazakhstan, has found more oil.
8:00 PM EST | July 22, 2013
Max Spuds 2nd Appraisal Well on Uytas Field
Max spuds second appraisal well on Uytas field in Kazakhstan.
8:00 PM EST | July 07, 2013
SAGW-4 Well in Kazakhstan Hits Oil
Max Petroleum reports that its SAGW-4 in Kazakhstan has identified 65 feet of new hydrocarbon pay.
8:00 PM EST | June 17, 2013
Max Spuds UTS-8 Well in Kazakhstan
Drilling begins on Max Petroleum's UTS-8 well on the Uytas field, Kazakhstan.
8:00 PM EST | June 09, 2013
Kazakhstan Well Comes up Dry for Max
Max Petroleum reports that its UTS-5 exploration well in Kazakhstan has come up dry.
8:00 PM EST | June 02, 2013
Max Petroleum Releases Saipem Rig
Funding issues force Kazakh explorer Max Petroleum to release Saipem National 1625 DE deep drilling rig.
8:00 PM EST | July 15, 2012
Max Petroleum Announces Production Progress
The Kazakh oil firm has begun testing two wells that have produced 616 and 805 bopd respectively.
8:00 PM EST | April 30, 2012
Max Petroleum Makes Progress with Kazakh Pre-Salt Play
Max successfully sidetracks well around stuck drilling tools.
8:00 PM EST | April 29, 2012
Max Petroleum's Tools Get Stuck in Hunt for Pre-Salt Hydrocarbons
Kazakhstan-focused Max Petroleum now expects to hit total depth at the Emba B prospect in June.
8:00 PM EST | April 04, 2012
Max Receives Zhana Makat FFD Approval
Max Petroleum announces the Kazakh Government has granted regulatory approval to convert the Zhana Makat Field to full field development status effective immediately.
8:00 PM EST | March 15, 2012
Max Petroleum Begins Testing Kazakh Appraisal
Max Petroleum has begun testing of the ZMA-ET1 appraisal well in the Zhana Makat Field, successfully flowing 47 degree API oil at an equivalent rate of approx. 1,200 bopd.
8:00 PM EST | July 10, 2011
Max Petroleum Encounters Oil Pay at Zhana Makat Well
Max Petroleum's ZMA-ET1 appraisal well in the Zhana Makat Field has reached a total depth, with electric logs indicating 22 meters of net oil pay in three Triassic sandstone reservoirs.
8:00 PM EST | April 10, 2011
Max Petroleum Spies Oil in Kazakh Block
Max Petroleum's electric logs show potential pay zones in the UTS-1 exploration well on the Uytas prospect.
8:00 PM EST | October 27, 2010
Max Petroleum Primes Bit for Asanketken Prospect
Max Petroleum is expected to commence drilling activities on the Asanketken Prospect in Kazakhstan on or around November 30, 2010.
8:00 PM EST | September 26, 2010
Max Petroleum Receives Exploration Extension in Kazakhstan
The Ministry of Oil and Gas of the Republic of Kazakhstan has advised Max Petroleum that they will extend the exploration period of Blocks A&E E&P License for two years.
8:00 PM EST | August 30, 2010
Max Petroleum IDs Oil at Zhana Makat Field
Max Petroleum that the ZMA-A15 development well in the Zhana Makat Field has reached a total measured depth of 1,525 meters.
8:00 PM EST | August 08, 2010
MOG Terminates Astrakhanskiy License in Western Kazakhstan
Max Petroleum has received a letter from the MOG notifying the Company of the termination of its subsoil use license for the Astrakhanskiy Block in Western Kazakhstan.
8:00 PM EST | July 18, 2010
Max Petroleum Wraps Up Ops in Borkyldakty Field
Max Petroleum has completed drilling the BOR-2 appraisal well in the Borkyldakty Field in Block E, reaching a total depth of 1,760 meters.
8:00 PM EST | May 23, 2010
Max Petroleum Logs Additional Oil Pay Onshore Kazakhstan
Max Petroleum noted that the ZMA-A12 development well in the Zhana Makat Field has reached a total measured depth, and electric logging has indicated net oil pay over three Jurassic sandstone reservoirs.
7:00 PM EST | December 14, 2009
Max Petroleum Offers Financial Results, Operations Report
Max Petroleum Plc announced its annual results for the year ended March 31, 2008 as well as an update of its ongoing operations and execution of its strategic plan.
8:00 PM EST | July 14, 2008
Max Cinches Deal to Acquire Blocks A&E in Kazakhstan
Max Petroleum has closed its exchange agreement with Horizon and Oriental as of July 11, 2008 to acquire Blocks A&E, after receiving the necessary regulatory consents from the Republic of Kazakhstan.
8:00 PM EST | July 13, 2008
Max Petroleum Consolidates Ownership in Kazakhstan Interests
Max Petroleum will issue ordinary shares to Oriental Ltd. with a maximum value of $61.5 million.
7:00 PM EST | February 10, 2008
Max Picks Johnson for CEO, Restructures Board of Directors
Max Petroleum, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce the appointment of Mark L. Johnson as CEO and a member of the Company's Board of Directors with effect from Jan. 22, 2008.
7:00 PM EST | January 02, 2008
Max Petroleum Resumes Production Zhana Makat Field
Max Petroleum has resumed production from the Zhana Makat field after receiving approval of its gas utilization plan by the Ministry of Energy and Mineral Resources.
7:00 PM EST | January 01, 2008
Max Petroleum Suspends Production on Zhana Makat Field
Production at the Zhana Makat field has been temporarily suspended pending approval of Max Petroleum’s proposed gas utilization plan by the Ministry of Energy and Mineral Resources (MEMR).
7:00 PM EST | December 16, 2007
Max Petroleum Suspends CEO & CFO
Max Petroleum has suspended its CEO, Steve Kappelle and COO, Ole Udsen, pending an investigation into potential breaches of their employment contracts involving the undisclosed receipt of share options.
8:00 PM EST | September 05, 2007
Max Completes $100M Mezzanine Debt Facility
Max Petroleum Plc has closed its $100 million credit facility with Macquarie Bank Limited announced on April 12.
8:00 PM EST | June 07, 2007
Max Secures Commitment for $100M Debt Facility
Max Petroleum Plc has obtained a commitment to enter into a $100 million senior subordinated debt facility to finance the development of its oil & gas assets in Kazakhstan.
8:00 PM EST | April 11, 2007
Max Issues Resource Estimates for Astrakhanskiy
Max Petroleum Plc on Monday announced the results of its competent person's estimate of resources associated with certain leads and prospects in the Group's Astrakhanskiy license area in Kazakhstan.
8:00 PM EST | April 01, 2007
Max Completes Zhana Makat Wells
Max Petroleum PLC said that it has drilled and completed its third and fourth wells on Block E of its Zhana Makat A discovery in Kazakhstan.
7:00 PM EST | November 19, 2006
Max Petroleum Taps Young for CFO
Max Petroleum PLC said that Michael B. Young has been appointed as the company's chief financial officer, effective Sept. 1, 2006.
8:00 PM EST | August 02, 2006
Max Petroleum Holds Private Placement to Boost Kazakhstan Programs
Max Petroleum on Wednesday agreed the indicative terms for a private placement of convertible bonds due 2011 to raise at least US$65 million.
8:00 PM EST | August 01, 2006
Max Petroleum to Speed Up Exploration
Max Petroleum PLC said that it will accelerate its exploration programs in respect to highly prospective intermediate-depth structures identified in its Blocks A&E acreage in Western Kazakhstan.
8:00 PM EST | July 19, 2006
Max Petroleum to Begin Drilling in Block E in July
Max Petroleum says that the shallow well drilling program in the Block E license area, western Kazakhstan, is expected to commence in July. The company expects to achieve initial production in August 2006.
8:00 PM EST | June 21, 2006
Max Petroluem Moving Forward with East Alibek Program
Max Petroleum has signed a rig contract for three firm wells with Nabors Drilling. The rig will arrive at the company's East Alibek license area during the fourth quarter of 2006.
8:00 PM EST | April 19, 2006
Max Petroleum Inks Deal with KazMunaiGas for Block E Acreage
Max Petroleum and KazMunaiGas Exploration and Production have reached an agreement to allow Max Petroleum to retain minor portions of Block E acreage in Kazakhstan.
7:00 PM EST | February 20, 2006
Max Petroleum Acquires Astrakhansky E&P Contract
Max Petroleum has acquired the Astrakhansky Exploration Contract in Western Kazakhstan, subject to the necessary registration of the Contract in Kazahkstan.
7:00 PM EST | January 12, 2006