Max Petroleum Sees 4% Increase in Reserves
Central Asia-focused junior explorer Max Petroleum reported Friday an increase in two measures of its reserves of approximately four percent.
Max said that Ryder Scott Company had estimated it had 9.9 million barrels of oil equivalent in proved and probable (2P) reserves held within its Kazakhstan assets as of September 30, 2014. This represents an increase of approximately 400,000 boe over the figure for March 31, 2014.
Proved, probable and possible (3P) reserves increased to 10.8 million boe, compared to 10.4 million boe six months earlier.
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