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.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Total Sells Gabon Assets to Perenco fo... (Feb 27)
 -  Transformative Role of 3D Printing in ... (Feb 27)
 -  Roxi, Baverstock Looking to Merge Erag... (Feb 27)
 -  EASA Issues EC 225 LP Helicopter Airwo... (Feb 27)
 -  Lundin Norway Makes Oil, Gas Find in B... (Feb 24)


Most Popular Articles

From the Career Center
Jobs that may interest you
Facilities Engineer III
Expertise: Facilities Engineer|Petroleum Engineering|Process Engineer
Location: Houston, TX
 
Accounting Manager
Expertise: Accounting|Budget / Cost Control|Inventory Control
Location: Katy, TX
 
Site Manager / Project Manager Fuels
Expertise: Project Management|Site Engineer
Location: Kennesaw, GA
 
search for more jobs

Brent Crude Oil : $55.99/BBL 1.04%
Light Crude Oil : $53.99/BBL 0.84%
Natural Gas : $2.63/MMBtu 0.38%
Updated in last 24 hours