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

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.

StockMarketWire.com
Max Petroleum, an oil and gas exploration and production company focused on Kazakhstan, has begun drilling the ZMA-A23 development well at the Zhana Makat Field in Block E.

The total depth of the well will be approximately 900 metres and will target Jurassic reservoirs.

StockMarketWire.com
Max Petroleum Plc, has begun testing the ASK-1 exploration well in the Asanketken Field, successfully producing 35 degree API oil at a stable rate of 672 barrels of oil per day (bopd) from perforations in a Jurassic reservoir from depths of 1,281 to 1,287 metres during a 12 hour period.

The well has been connected to temporary production facilities and will be placed on long-term test production. With the addition of ASK-1, the Company's current daily production is 3,671 bopd.

This daily rate is variable due to several high rate wells being subject to occasional shut-in during long-term testing.

James Jeffs, Executive Co-Chairman, commented: "We are very encouraged by the test results from ASK-1 and expect similar results from up to three additional wells to be drilled in this Jurassic fault block, including the ASK-2 well that is currently drilling. We are also pleased to have met our production target for the quarter."

StockMarketWire.com
Kazakhstan-focused Max Petroleum has revealed a successful development well in the Zhana Makat field.

The ZMA-A23 development well has reached a total depth of 890 metres, with electric logs indicating 10 metres of net oil pay in Jurassic sandstone reservoirs at depths ranging between 808 and 833 metres.

The company says reservoir quality appears excellent with porosities ranging from 20% to 34%.

The company has run production casing in the well, which will be completed and placed on production immediately after obtaining the requisite governmental approvals.

The PM Lucas IDECO rig will now move to drill the ZMA-E2 appraisal well in the Zhana Makat field.

StockMarketWire.com
"Kazakh oil firm Max Petroleum (LON:MXP) reported that the ASK-2 well has confirmed a Jurassic discovery.

The shares was up nearly 4% in response. The ASK-2 exploration well in the Asanketken Field has reached an intermediate casing point at 2,000 metres, with electric logs indicating 12 metres of net oil pay in Jurassic reservoirs between depths of 1,284 and 1,308 metres.

These reservoirs appear to correlate to the previously tested Jurassic reservoirs discovered in the ASK-1 well, confirming the Company's original Jurassic discovery in the Field. Reservoir quality is excellent with porosities ranging from 25% to 30%. No additional oil-bearing Jurassic reservoirs were discovered above the original discovery made in the ASK-1 well.

The Company is currently running intermediate casing in the well prior to drilling ahead to total depth of approximately 3,300 metres to test the well's primary target, Triassic reservoirs with unrisked mean resource potential of 50 million barrels of oil.

The ZMA-E2 appraisal well in the Zhana Makat Field has reached a total depth of 915 metres with electric logs indicating six metres of net oil pay in two Jurassic reservoirs at depths between 835 and 875 metres. Reservoir quality is very good with porosities ranging from 20% to 25%.

Casing is being run on the well and it will be placed on test production as soon as the necessary government approvals are obtained. This well is more than two kilometers southeast of the main Jurassic producing area in the Zhana Makat Field. Once production is established, it will allow reclassification of "probable" to "proven" reserves for the area and help define additional offset drilling locations for Jurassic production.

The Company also confirmed that the NUR-1 well on track to commence drilling operations by end of October. Mobilisation of Saipem's National 1625 DE onshore drilling rigis on track to commence drilling the NUR-1 exploration well on the Emba B Prospect in Block E by 31 October 2011, with 95% of the rig and related equipment on location and approximately 60% rigged up.

The NUR-1 well will target unrisked mean resource potential of 467 million barrels of oil equivalent with a 29% geological chance of success."

Drilling Update

02 November 2011

Max Petroleum Plc, today announced an update of its drilling operations in the Blocks A&E licence area in the Republic of Kazakhstan.

ZLGS-1 exploration well in Zhalgyz South prospect non-productive
The Company has completed drilling the ZLGS-1 exploration well on the Zhalgyz South prospect in Block A. The well reached a total depth of 1,435 metres without encountering producible hydrocarbons and will be plugged and abandoned. The Zhanros ZJ-20 drilling rig will now move on to drill the KZIE-2 appraisal well testing Jurassic reservoirs in the recently discovered East KyzylzharI Field in Block E.

Appraisal well spudded in Zhana Makat Field
The ZMA-A19 appraisal well has been spudded in the Zhana Makat Field. The total depth of the well will be approximately 950 metres targeting Jurassic reservoirs.

Deep rig on location and being commissioned to drill the NUR-1 well
The Saipem drilling rig is on location and currently being commissioned to begin drilling the NUR-1 well on the Emba B prospect in Block E. The Company expects the well to spud within the next few days once the rig is accepted to commence operations.

StockMarketWire.com
Max Petroleum (LON:MXP), today announced that it has begun drilling the NUR-1 well on the Emba B prospect in Block E.

The well will be drilled to a depth of 7,250 metres, targeting Devonian and Carboniferous reservoirs with unrisked mean resource potential of 467 million barrels of oil equivalent and a 29% geological chance of success.

StockMarketWire.com
Max Petroleum, has reported total sales volumes of 421,000 barrels of crude oil for the six months to end of September, up 11% for the same period in 2010.

The oil and gas exploration and production company reported revenue of US$24.4 million during the six months ended 30 September 2011 compared to US$24.7 million during the six months ended 30 September 2010.

The company reported a loss for the period of US$0.4 million, which compared to a loss of US$13.3 million during the six months ended 30 September 2010.

Average realised price of US$57.93 per bbl, down 11% from US$65.21 per bbl during the six months ended 30 September 2010, due to reduced export volumes relative to domestic sales.

Cash generated from operations of US$7.9 million were up 43% from US$5.6 million in the comparative period.

EBITDA for the current period of US$10.7 million, was up 41% from US$7.6 million during the six months ended 30 September 2010.