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

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.

FOX DAVIES FLASH UPDATE

Max Petroleum Plc (BUY, 0.50) (LON:MXP, 13.75p, ► 0.0%) announced 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.

StockMarketWire.com
The Kazakh government has approved an extension of the trial production project being undertaken by Max Petroleum, an oil and gas exploration and development company focused on Kazakhstan, at the Zhana Makat field until 15 December 2011.

This is while the company seeks final regulatory approval to convert Zhana Makat to full field development ("FFD") status under its Blocks A&E exploration and production contract.

FFD approval will allow the company to develop and produce the field for up to 25 years, as well as grant it a right to sell 80% of its crude oil production on the export market under the terms of the contract.

Max Petroleum will sell 100% of its crude oil production on the domestic market pending FFD approval, which is projected to be in place during the fourth quarter of 2011. Current oil sales into the domestic market are generating after-tax net proceeds that are approximately $15-$17 per barrel lower than comparable export sales.

The company does not anticipate any material adverse impact to its financial condition or its ability to implement its ongoing post-salt and pre-salt drilling programmes as a result of selling domestically during this period.

The company is currently producing approximately 2,200 barrels of oil per day ("bopd"), generating approximately $3.5m. in net proceeds per month from domestic oil sales. It expects daily production to increase to more than 3,000 bopd during the third quarter of 2011 as four additional wells are brought onto production, including the ZMA-ET1 and ZMA-ET2 wells recently drilled in Zhana Makat, the BOR-3 well in the Borkyldakty Field, and the ASK-1 well in the Asanketken Field.

The BOR-3 appraisal well in the Borkyldakty Field has reached a total depth of 1,688 metres, with electric logs indicating 28 metres of net oil pay in five Triassic sandstone reservoirs at depths ranging between 1,366 and 1,556 metres. Reservoir quality appears excellent with porosities ranging from 18% to 25%.

The company is running production casing in the well, which will be completed using a workover rig and placed on production in July 2011 under the terms of the trial production project ("TPP") for the Borkyldakty Field.

Following BOR-3, the rig will move on to drill the KZIE-1 exploration well on the East Kyzylzhar 1 prospect followed by the SAG-1 exploration well on the Sagiz West prospect, both of which are located in Block E. A second shallow rig is on location at the Uytas Field and is expected to begin drilling the first of three appraisal wells in early July 2011. When the rig has finished drilling all three Uytas appraisal wells it will move on to drill the ZLGS-1 exploration well on the Zhalgyz South prospect in Block A.

Max Petroleum has tendered for a third shallow drilling rig to drill the ASK-2 well in the Asanketken Field to accelerate the drilling of Max Petroleum's shallow exploration, appraisal and development programme. It expects to spud the ASK-2 well in mid-August 2011. Furthermore, the Company is on plan to begin drilling the pre-salt NUR-1 well in the Emba B prospect on Block E in the latter half of the third quarter of 2011.

StockMarketWire.com
Max Petroleum, an oil and gas exploration and development company focused on Kazakhstan, has begun drilling the KZIE-1 exploration well on the East Kyzylzhar I prospect in Block E.

The total depth of the well will be approximately 1,500 metres, targeting potential Jurassic and Triassic reservoirs.

Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to provide a production update for the Zhana Makat Field.



The ZMA-ET1 well has been connected to temporary production facilities for long-term production testing and is currently producing at a stable rate of approximately 650 bopd barrels of oil per day ("bopd") from perforations in the T4 Triassic reservoir at depths from 1,282 to 1,288 metres. The current production rate has been restricted to 650 bopd while the Company monitors the level of gas production from the well.



The Company has also perforated the ZMA-ET2 appraisal well, successfully flowing 48 degree API oil at an equivalent rate of approximately 450 bopd from perforations in the T5 Triassic reservoir from depths of 1,315 to 1,321 metres during a limited flow-back period. The well will be connected to temporary production facilities and brought onto long-term production testing in August 2011. The Company expects the well to produce at a stabilised rate of approximately 500 bopd.



Michael B. Young, President and CFO, commented:



"We are on track to increase aggregate daily production during the current quarter to approximately 3,500 bopd, which is a significant milestone for the Company."

Good news the latest RNS, would be nice to see the SP react accordingly though.

StockMarketWire.com
Max Petroleum Plc, has announced today that the KZIE-1 exploration well in the East Kyzylzhar I prospect has reached a total depth of 1,620 metres, with electric logs indicating 17 metres of net oil pay in two Jurassic sandstone reservoirs at depths ranging between 987 and 1,251 metres.

Reservoir quality appears excellent with porosities ranging from 20% to 30%. The Company is running production casing in the well, which is expected to be completed and placed on test production in approximately 60-90 days.

Robert B. Holland, Executive Co-Chairman, commented: "We have now made five field discoveries since we renewed our post-salt exploration programme in January 2010, with another three post-salt prospects to test this quarter alone.

"We are well positioned to execute on our exploration programme regardless of macro market conditions and look forward to continue generating significant value for our shareholders in the very near-term."

Drilling Update
15 August 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 UTS-3 appraisal well on the Uytas prospect in Block A. The total depth of the well will be approximately 800 metres, targeting potential Cretaceous and Jurassic reservoirs.

StockMarketWire.com
Max Petroleum, the oil and gas exploration and production company has published its accounts for the year ended 31 March 2011 showing revenue of US$55.3 million, up 28% from US$43.3 million in 2010.

Also total sales volumes of 760,000 bbls, up from 756,000 bbls sold in 2010 and net cash flow from operating activities of US$14.4 million, compared to US$10.1 million in 2010.

The company reported a loss of US$18.2 million, compared to a loss of US$253.4 million in 2010. The prior year loss included US$116.2 million of impairment charges and US$101.9 million of non-cash debt restructuring charges.

The company raised US$85.2 million, before expenses, through a placing of 309.8 million new ordinary shares with institutional investors.

Robert B. Holland and James A. Jeffs, Executive Co-Chairmen, wrote in the Chairmen's Statement: "In last year's Chairmen's statement, we said the then forthcoming year would be transformational for Max Petroleum and indeed it was. We made two additional discoveries, restructured our balance sheet and positioned the Group to begin testing its deep portfolio.

"Fiscal 2012 promises to be transformational as well, as we commence drilling our deep, pre-salt portfolio and continue to expand our shallow post-salt exploration programme focusing on an extended inventory of Triassic rim prospects.

"While our exploration upside continues to draw investor attention, and rightly so, shareholders should not ignore the progress we have made in increasing our production and cash flow through appraisal and development of our existing discoveries.

"We expect average daily production to reach approximately 3,500 barrels per day by the end of the third quarter 2011 and to increase further as we accelerate our exploratory and development drilling activity over the next 12 months."

"We greatly appreciate the patience and confidence of our shareholders and hope and expect that they will be rewarded this year as we enter the climactic phase of unlocking the potential for shareholder value we have diligently pursued for several years."

Fox Davies flash note

Max Petroleum plc (BUY Target Price: 50p) (LON:MXP, 12.3p, ▲ 4.3%) announced an operational update of its activities in the Blocks A&E Licence area. Drilling has commenced at the SAGW-1 exploration well on the Sagiz West prospect in Block E, which has estimated unrisked mean resource potential of 26 million barrels of oil ("mmbo") in a four-way, Triassic rim structure. Tota l depth of the well will be approximately 1,600 metres. The Company has executed a drilling contract with PM Lucas for a ZJ-50 rig capable of drilling to 5,000 metres, to drill the ASK-2 exploration well in the Asanketken Field in Block E. The rig is on location and is expected to commence drilling operations before 31 August 2011. The ASK-2 well is designed to test the field's deep Triassic potential, as well as further evaluate potential reservoirs in the shallower Jurassic section found to be productive in the ASK-1 discovery well. The Company expects to commence drilling operations for the NUR-1 pre-salt exploration well in the Emba B Prospect on Block E in October 2011, based on the Company's latest discussions with the drilling contractor, Saipem. The deep rig is currently completing a well for another operator and is expected to begin mobilization to NUR-1 location by the end of the month. The Company has matured two additional prospects into the post-salt inventory, including the Uytas North and Karasai South prospects, both of which are four-way, Triassic rim prospects on Block A. Uytas North has unrisked mean resource potential of 11 mmbo with a 38% geological chance of success ("COS"), while Karasai South has unrisked mean resource potential of 12 mmbo and a 34% COS. The Company also announced the publication of its annual report and accounts for the year ended 31 March 2011. Financial highlights: Revenue of US$55.3 million, up 28% from US$43.3 million in 2010; Total sales volumes of 760,000 bbls, up from 756,000 bbls sold in 2010; Average realised price of US$72.78 per bbl, up 27% from US$57.35 per bbl in 2010; Net cash flow from operating activities of US$14.4 million, compared to US$10.1 million in 2010; Loss of US$18.2 million, compared to a loss of US$253.4 million in 2010. The prior year loss included US$116.2 million of impairment charges and US$101.9 million of non-cash debt restructuring charges; Rais ed US$85.2 million, before expenses, through a placing of 309.8 million new ordinary shares with institutional investors; and restructured the Group's revolving credit facility with Macquarie Bank Limited and its convertible bonds to defer principal payments until 2013, after the end of the exploration period of the Group's Blocks A&E Licence.

this is a hold imo
gla

Tuesday, Aug 30 2011 by Fox Davies Capital



Oil and Gas Corporate News

Max Petroleum (LON:MXP) plc (BUY, 0.50) (MXP, 12.25p, ▲ 2.08%) announced that the UTS-3 confirmation well in the Uytas Field has reached a total depth of 825 metres, with electric logs indicating a total of 31 metres of net oil pay in Cretaceous and Jurassic formations. This includes 17 metres of net oil pay in Cretaceous sandstone reservoirs at depths ranging from 120 to 150 metres, with porosities ranging from 25% to 34%. In addition, 14 metres of pay are indicated in Jurassic reservoirs at depths ranging from 422 to 509 metres. The Company will complete and test the well using a workover rig after obtaining the requisite governmental approvals. The Company plans to drill one additional appraisal well in the field during September 2011 and acquire a high-fold 3D seismic survey over the Uytas structure in October 2011, in order to facilitate preparation of a long-term appraisal and development programme for the field.

5th September 2011

Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has commenced drilling the UTS-4 appraisal well on the Uytas prospect in Block A. The total depth of the well will be approximately 800 metres, targeting potential Cretaceous and Jurassic reservoirs.

StockMarketWire.com
Max Petroleum Plc, the oil and gas exploration and production company focused on Kazakhstan, has announced that the SAGW-1 exploration well in the Sagiz West prospect has reached a depth of 1,406 metres with electric logs indicating 27 metres of net pay, including 21 metres of oil and 6 metres of gas pay.

Reservoir quality is very good with porosities ranging from 18% to 25%. Based on current geophysical mapping, together with electric logs and pressure data recorded in the well, the Company estimates oil in place in the Sagiz West Field at 66 million barrels with expected recovery factors ranging between 20 to 30%.

The Company is running production casing in the well, which is expected to be completed and placed on test production upon receipt of the requisite government approvals. A confirmation well will be drilled in early 2012. Two further appraisal wells are also being planned for next year.

Good result......starting to climb at long last....more to come.....

SP should be a lot higher than it is,in time it will correct its self....one to keep a close eye on as Fox Davies have a 50p target price on so a long way to go yet.

Fox davies flash note

Max Petroleum plc (LON:MXP) announced that the SAGW-1 exploration well in the Sagiz West prospect has reached a depth of 1,406 metres with electric logs indicating 27 metres of net pay, including 21 metres of oil and 6 metres of gas pay, over a 114 metre interval in the Triassic formation at measured depths between 1,177 and 1,291 metres. Reservoir quality is very good with porosities ranging from 18% to 25%. Based on current geophysical mapping, together with electric logs and pressure data recorded in the well, the Company estimates oil in place in the Sagiz West Field at 66 million barrels with expected recovery factors ranging between 20 to 30%. The Com pany is running production casing in the well, which is expected to be completed and placed on test production upon receipt of the requisite government approvals. A confirmation well will be drilled in early 2012. Two further appraisal wells are also being planned for next year. Max also announced that it has commenced drilling the ASK-2 exploration well in Block E, targeting Jurassic and Triassic reservoirs with estimated unrisked mean resource potential of 50 mmbo. The total depth of the well will be approximately 3,300 metres.

StockMarketWire.com
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, has announced that Saipem's National 1625 DE onshore drilling rig for its deep, pre-salt exploration programme has been released from the previous operator's location and is currently being mobilised to drill the NUR-1 well on the Emba B prospect in Block E.

The Company estimates the NUR-1 well will begin drilling on or before 31 October 2011.

Successful Confirmation Well Drilled in Uytas Field
20 September 2011

Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce today that the UTS-4 confirmation well in the Uytas Field has reached a depth of 849 metres, with electric logs indicating 36 metres of potential net oil pay in the Cretaceous section at depths ranging from 30 to 158 metres, consisting of six sandstone reservoirs of excellent quality with porosities ranging from 25% to 35%. This includes 16 metres of potential net pay in the shallow Cretaceous section between depths of 30 and 57 metres, which were not evaluated in the UTS-2 well because the equivalent interval was not logged. Significant oil shows were recorded continuously from depths of 20 metres to 167 metres, which appear to confirm the oil column seen in the original UTS-1 discovery well. The Company cored the UTS-4 well over the interval from 24 metres to 47 metres to allow further study of reservoir properties within this vertical column, with results from the core analysis expected during the fourth quarter of 2011.

Additionally, significant shows of oil and gas not observed in prior wells were recorded in the Kungurian salt near total depth of the well. The UTS-4 well was not designed to evaluate this interval, which will be investigated further in a future well. The Jurassic reservoirs found in earlier wells were not well developed at this location, however, and no pay was logged in the Jurassic section of the well.

The Company is running production casing in the well, which will be completed and tested along with the other appraisal wells in the field in the next 60 to 90 days using a workover rig after obtaining the requisite governmental approvals. Test results will be announced as soon as practicable. The Company plans to acquire a high-fold 3D seismic survey over the Uytas structure in October 2011, in order to facilitate preparation of a long-term appraisal and development programme for the field.