Welcome to the new thread for Max Petroleum. Here's a link to the MXP web site and a presentation that everyone should read.

http://www.maxpetroleum.com/companypresentations.asp

(BN) Max Petroleum to Use Cash From Share Sale to Drill 10 Oil Wells

Feb. 7 (Bloomberg) -- Max Petroleum Plc, the British oil explorer active in Kazakhstan, said it will use proceeds from a share sale to drill 10 wells in the former Soviet republic.

The explorer said last week it placed shares at 17 pence each to institutional investors to raise $85 million. Proceeds from the sale will be used to drill two deepwater pre-salt test wells and eight shallow post-salt wells, said Michael Young, the companys president and chief financial officer.

We are pretty confident of success, Young said by phone today. The potential is enormous. The exploration project will take about 18 months, he said.

Max Petroleum started pumping oil from wells in Kazakhstan in 2006. The explorer holds a 100 percent interest in Blocks A & E license area in the pre-Caspian basin in the west of the country, the second-largest former Soviet republic. The two deepwater wells will cost $30 million each and drilling will start in August, Young said.

To contact the reporter on this story:

Renee Lawrence in London at +44-20-7673-2090 or

rlawrence7@bloomberg.net

Drilling has commenced...

StockMarketWire.com
Kazakhstan-focused oil and gas company Max Petroleum plc has started drilling the ASK-1 exploration well on the Asanketken prospect in Block E.

It is the ninth of 15 post-salt exploration prospects scheduled to be drilled by the company on Blocks A & E.

The total depth of the well will be about 3,300m, targeting potential Triassic reservoirs.

yep good news - t minus 5 weeks lol!!!

From: http://shareroundup.com/2011/02/mxp-commence-drilling-ask-1-well/

Max Petroleum (MXP) has spudded its ASK-1 well. ASK-1 is the largest of Maxs shallow drills planned for 2011 and is targeting 50 million barrels of oil. Max has estimated the chance of success for the drill to be 48%, and a result is expected in about 5 weeks.

A positive result from the drill could be worth as much as 13p a share (50mil x $10 per barrel x 25% recovery factor / amount of shares in issue), on top of its current price of around 19p, highlighting the huge potential of Max at its current share price.

ASK-1 is one of eight shallow drills Max has scheduled for 2011, with a total 168 million barrels of oil being targeted. Max has also scheduled drilling on its much larger deep prospect Emba B for Q3 2011, targeting 593 million barrels of oil at a 29% chance of success. Max will then target a further 467 million barrels of oil at Emba A in Q1 of 2012, and the success of either of those could be real company makers, with a share price above 100p a distinct possibility.

Max recently acquired significant funding for these drills through a share placing, raising $85 million. The cost of the two deep drills alone is estimated to be $63 million, so the raising of this funding was vital and ensures that Max Petroleum shareholders can look forward to the possibility of a very profitable 2011.

RNS:

Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce that it has commenced drilling the ASK-1 exploration well on the Asanketken prospect in Block E, the ninth of 15 post-salt exploration prospects scheduled to be drilled by the Company on Blocks A&E. The total depth of the well will be approximately 3,300 metres, targeting potential Triassic reservoirs.

Drilling Update
17 February 2011

Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, today announced that it has completed drilling the ALTW-1 exploration well on the West Altykol prospect on Block E. The well reached a total depth of 1,947 metres without encountering producible hydrocarbons and will be plugged and abandoned. The Sun ZJ-30 drilling rig will now move to drill the ZMA-ET1 appraisal well testing Triassic reservoirs in the Zhana Makat Field on Block E.

MAX PETROLEUM - The Oil & Services Conference IX
22 February 2011

http://www.maxpetroleum.com/uploads/110222mxpenercomconferencefinal.pdf

Operating in Kazakhstan since 2005 with 134 employees in-country
Operator and 100% ownership of the Blocks A&E License in a world class Pre-Caspian Basin
Current production 2,100 bopd generating US$4.5mm in revenue per month
Focus on 2 core areas:
Shallow, post-salt: 7 prospects and 5 leads (low costs, low risk prospects with 9 50 mmbbl each)
Deep, pre-salt: 10 prospects and 5 leads (high cost, high impact prospects with 100 600 mmboe each)
US$38m spent to date on seismic (5,000km2of 3D and 2,091km of 2D seismic data acquired and processed) to derisk:
Post-salt unrisked resources: 155 mmbbl
Pre-salt unrisked resources: 4,386 mmboe
First broad use of onshore regional 3D technology in the Pre-Caspian Basin
Solid Foundation for Future Growth
3

et cetera

already invested here and will be adding as i can - not leaving till 1 + / expect 50p + by end this year imo

ppt worth a read - kerrrrrrrrrrrrrchinnnnnnnnnnnnnnnnnnggggggggggggggggggggggggggggggggggggg - LOL

Further to the announcements dated 2 February 2011 (the "Placing Announcement") and 4 February 2011, Max Petroleum is pleased to announce that at its General Meeting, held earlier today, the Shareholder Resolutions were duly passed and at its Bondholder Meeting, also held earlier today, the Bondholders approved the Bondholder Resolution.

The Company has raised approximately US$85 million (52.7 million) before expenses through a placing of 309,846,935 new Ordinary Shares to institutional investors at 17.0 pence per share and Admission of the Placing Shares is expected to take place and dealings are expected to commence on AIM at 8.00 a.m. tomorrow, 2 March 2011.

Max Petroleum Plc. is pleased to announce that it has commenced drilling the ZMA-ET1 appraisal well in the Zhana Makat Field on Block E. The total depth of the well will be approximately 1,450 metres, targeting Triassic reservoirs.

Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce today that the ZMA-ET1 appraisal well in the Zhana Makat Field has reached a total depth of 1,472 metres, with electric logs indicating 22 metres of net oil pay in three Triassic sandstone reservoirs at depths ranging between 1,282 and 1,410 metres. Reservoir quality appears excellent with porosities ranging from 18 to 26%. These reservoirs were the primary objective of this well, which appears to have successfully extended Triassic production and reserves into the southern end of the Field.

The Company is running production casing in the well, after which the Sun ZJ-30 drilling rig will move on to drill the ZMA-ET2 appraisal well further to the south of the ZMA-ET1 well, attempting to further extend Triassic production and reserves in Zhana Makat. The Company will complete and test the ZMA-ET1 well using a workover rig over the next several weeks and will announce production test results as soon as practicable.

Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, announced today an operational update of its activities in the Blocks A&E Licence area in the Republic of Kazakhstan.

Narmundanak South
Drilling has commenced at the NARS-1 exploration well on the Narmundanak South prospect in Block E, the tenth of the Company's 15 post-salt exploration prospects. The total depth of the well will be approximately 1,700 metres, targeting Triassic reservoirs.

Asanketken
Drilling at the ASK-1 exploration well in the Asanketken prospect on Block E has been slower than expected due to mechanical problems encountered with the drilling rig that are currently being addressed. The well has not yet reached the primary Triassic target section between 2,800 to 3,250 metres, which the Company expects to evaluate in the next several weeks. The results of the well will be announced after the Company reaches its target depth of approximately 3,300 metres and logs the well. The Company earlier announced a Jurassic discovery in the ASK-1 well with 24 metres of net oil pay at depths between 1,230 and 1,302 metres.

Zhana Makat
Drilling at the ZMA-ET2 appraisal well in the Zhana Makat Field has reached total depth at 1,492 metres and is preparing to log. The Company has taken four 18m cores in the well.

Successful Triassic Appraisal Well Drilled in the Zhana Makat Field

16 May 2011

Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce today that the ZMA-ET2 appraisal well in the Zhana Makat Field has reached a total depth of 1,492 metres, with electric logs indicating 18 metres of net oil pay in three Triassic sandstone reservoirs at depths ranging between 1,283 and 1,358 metres. Reservoir quality appears excellent with porosities ranging from 18 to 26%. The Company is running production casing in the well. The Company will complete and test the ZMA-ET2 well using a workover rig after obtaining the requisite governmental approvals, and will announce test results as soon as practicable.

another step nearer then

whoops - today's rns - scratch that step nearer for now - expect some south early here!

Oh dear..here we go again.

Dont blame me am not holding!!!!!

Nor me.,.

Sell MXP. 10p on the way.

StockMarketWire.com
Max Petroleum Plc, has announced an operational update of its activities in the Blocks A&E Licence area in the Republic of Kazakhstan.

Discovery in Narmundanak South.
The NARS-1 exploration well on the Narmundanak South prospect in Block E has reached total depth of 1,589 metres with electric logs indicating 4 metres of net oil pay at depths from 1,280 to 1,290 metres in the Triassic Formation with porosities ranging from 18% to 25%.

A fluid sample taken from a depth of 1,283 metres yielded 32 degree API oil. The Company is running production casing in the well and expects to test NARS-1 for commercial viability in the next 60-90 days upon receipt of the requisite governmental approvals.

Borkyldakty Field Placed on Trial Production
The Borkyldakty Field has been placed on production after receiving final approval of the trial production project ("TPP") from the Kazakhstan regulatory authorities.

Drilling Update
13 June 2011

Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce that it has commenced drilling the BOR-3 appraisal well in the Borkyldakty Field. The total depth of the well will be approximately 1,800 metres, targeting Triassic reservoirs.