Max Petroleum announced that the exploration period of its Blocks A&E subsoil use license has been extended for a further two years until March 4, 2011 by the Ministry of Energy and Mineral Resources (MEMR) of the Republic of Kazakhstan. The Company operates Blocks A&E through its wholly-owned subsidiary, Samek International LLP.
CEO Mark Johnson commented, "The extension of the exploration period of our existing license gives us additional time necessary to explore and appraise our large acreage position in Blocks A&E. We appreciate the ongoing support of the Republic of Kazakhstan and the MEMR."
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