Max Petroleum Continues to Pursue Farm-Outs for 2 Kazak Licenses

(Click to Enlarge)

Max Petroleum has provided an update for the market regarding its ongoing efforts to farm-out a portion of its equity interests in the Company's Astrakhanskiy and Blocks A&E license areas in western Kazakhstan.

While the Company has been involved in ongoing farm-out discussions during the last several months, the Company has been unable to complete a satisfactory commercial transaction and cannot predict whether or when such a transaction could be concluded.

The Company continues to pursue a farm-out of one or both of its licences. In conjunction, the Board is undertaking a review of its strategic alternatives.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Sr Counsel - Litigation and Legal Technology
Expertise: Production Operator
Location: The Woodlands, TX
Plant Foreman - Calumet, OK
Expertise: Facilities Management|Heavy Machinery Operator|Maintenance Technician
Location: Calumet, OK
Facility Op - Erath, LA
Expertise: Facilities Management|Heavy Machinery Operator
Location: Erath, LA
search for more jobs

Brent Crude Oil : $53.89/BBL 1.67%
Light Crude Oil : $50.84/BBL 2.14%
Natural Gas : $3.7/MMBtu 2.77%
Updated in last 24 hours