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MAX Petroleum - A Giant in the making (MXP)     

Pond Life - 23 Oct 2006 13:40

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

Chart.aspx?Provider=EODIntra&Code=MXP&Si

HARRYCAT - 05 Sep 2011 08:12 - 613 of 695

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.

HARRYCAT - 12 Sep 2011 08:28 - 614 of 695

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.

required field - 12 Sep 2011 08:47 - 615 of 695

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

markymar - 12 Sep 2011 08:59 - 616 of 695

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.

HARRYCAT - 15 Sep 2011 08:30 - 617 of 695

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.

HARRYCAT - 20 Sep 2011 08:04 - 618 of 695

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.

HARRYCAT - 22 Sep 2011 10:49 - 619 of 695

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.

HARRYCAT - 29 Sep 2011 08:41 - 620 of 695

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."

HARRYCAT - 05 Oct 2011 17:45 - 621 of 695

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.

HARRYCAT - 21 Oct 2011 17:14 - 622 of 695

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."

HARRYCAT - 02 Nov 2011 08:00 - 623 of 695

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.

HARRYCAT - 04 Nov 2011 08:45 - 624 of 695

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.

HARRYCAT - 14 Nov 2011 09:43 - 625 of 695

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.

required field - 21 Nov 2011 09:33 - 626 of 695

This looks like a future star with good production, incredible exploration upside and a low market cap......sp only 13p or so.....if the market turns this will shoot up....

HARRYCAT - 24 Nov 2011 12:14 - 627 of 695

Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce a drilling update of its activities in the Blocks A&E Licence area in the Republic of Kazakhstan.

Successful appraisal well at Zhana Makat
The ZMA-A19 development well in the Zhana Makat Field has reached a total depth of 948 metres, with electric logs indicating 28 metres of net oil pay. The pays include 5 metres in the Cretaceous Neocomian reservoir at depths from 648 to 654 metres, and 23 metres in the Jurassic JI and JII reservoirs at depths from 772 to 832 metres. 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 is moving to drill the SAGW-2 appraisal well in the Sagiz West Field.

Drilling started at second East Kyzylzhar I well
Drilling has commenced at the KZIE-2 appraisal well on the East Kyzylzhar I prospect in Block E. Total depth of the well will be approximately 1,200 metres, targeting Jurassic reservoirs.

HARRYCAT - 05 Dec 2011 07:52 - 628 of 695

Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has commenced drilling the SAGW-2 appraisal well on the Sagiz West Field in Block E. Total depth of the well will be approximately 1,400 metres, targeting Triassic reservoirs.

HARRYCAT - 09 Dec 2011 08:30 - 629 of 695

StockMarketWire.com
Max Petroleum (LON:MXP), an oil and gas exploration and production company focused on Kazakhstan, announced that the ASK-2 well has been drilled to a total depth of 3,412 metres without encountering any viable reservoirs in the deeper Triassic section, which was the primary objective.

The well will now be completed as a production well in the shallower Jurassic reservoir at depths between 1,281 and 1,287 metres and the PM Lucas ZJ-50 rig will be released.

hlyeo98 - 09 Dec 2011 11:47 - 630 of 695

Bad news

HARRYCAT - 22 Dec 2011 13:07 - 631 of 695

StockMarketWire.com
Max Petroleum, an oil and gas exploration and production company focused on Kazakhstan, has announced that the KZIE-2 appraisal well in the East Kyzylzhar I Field has reached a total depth of 1,294 metres.

Electric logs have indicated seven metres of net oil pay, including two metres in the Cretaceous Neocomian reservoir at depths from 627 to 629 metres, and five metres in the Jurassic reservoir at depths from 1,214 to 1,220 metres.

Reservoir quality appears excellent with porosities ranging from 25% to 30%. The company will run production casing in the well, which will be completed and placed on test production after obtaining the requisite governmental approvals.

The ZJ-20 drilling rig will next move on to drill the SAGW-3 appraisal well in the Sagiz West Field.

dreamcatcher - 28 Dec 2011 07:19 - 632 of 695

Operational Update
RNS
RNS Number : 6512U
Max Petroleum PLC
27 December 2011



Max Petroleum Plc

(the "Company")



Operational Update



28 December 2011





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



Results of SAGW-2 appraisal well



The Company has completed drilling the SAGW-2 appraisal well in the Sagiz West Field on Block E with
the well reaching a total depth of 1,451 metres without encountering producible hydrocarbons. Extensive shows of oil and gas were seen in the well throughout the Triassic section, indicating close proximity to the edge of the Field. The Company is integrating the results of the well into the geophysical evaluation of the Field, and still plans to proceed to drill two additional appraisal wells beginning in January 2012. The SAGW-2 well will be cased for future use as an injection well during future field development.



Production testing begins in SAGW-1 well



The SAGW-1 well has begun testing in the lower-most Triassic reservoir from depths between 1,273 and 1,280 metres. The well flowed from this interval at an initial rate of 82 barrels of oil per day, with no water. This interval exhibits lower porosity and permeability than the four shallower Triassic zones which will be progressively tested in this well. The current zone appears a good candidate for stimulation to enhance productivity, such as hydraulic fracturing. The well will be recompleted into a shallower reservoir in January 2012.



Drilling update on NUR-1 well



The NUR-1 well is currently drilling below 4,200 metres, and is on track to reach total depth in April 2012 as expected.



Michael B. Young, President and CFO, commented:



"While not commercial, the SAGW-2 well has provided additional insight into the shape of the eastern flank of the Field, and we remain confident that we can successfully appraise the Sagiz West discovery with the next two wells."





Enquiries:



Max Petroleum Plc




Michael Young

President and Chief Financial Officer
Tel: +44 (0)20 7355 9590





Tom Randell

Director of Investor Relations





Merlin PR


David Simonson / Anca Spiridon
Tel: +44 (0)207 726 8400

WH Ireland Ltd


Daniel Bate / Robin Gwyn
Tel: +44 (0)161 832 2174



Macquarie Capital
Paul Connolly / Steve Baldwin
Tel: +44 (0)203 037 2000




Richard Hook, Chief Operating Officer of Max Petroleum, is the qualified person that has reviewed and approved the technical information contained in this announcement. Mr. Hook is a member of the Houston Geological Society and holds both Masters and Bachelors of Science degrees in geology.




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