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

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.

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.

Bad news

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.

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.

StockMarketWire.com
Max Petroleum has commenced drilling the SAGW-3 appraisal well on the Sagiz West Field in Block E.

Total depth of the well will be approximately 1,400 metres, targeting Triassic reservoirs.

Got a time scale for drilling harry?.,.

SAGW-2 took 23 days and was approx the same depth. News around 17th Feb 2012 maybe?

Thanks harry, they've got a lot of drilling under their belt most good some not so good but they haven't found the biggy that makes a company....... worth watching.,.

Sagiz West Field
The Sagiz West discovery was made in September 2011. The well 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%.



On 28 December 2011 the Company announced that 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 and appears a good candidate for stimulation to enhance productivity, such as hydraulic fracturing. The well is expected to l be recompleted into a shallower reservoir in January 2012.



On 28 December 2011 the Company announced that it 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 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 Test Results

2nd February 2012

Max Petroleum Plc is pleased to announce that it has begun testing a second Triassic reservoir in the SAGW-1 well in the Sagiz West Field at depths between 1,243 to 1,255 metres, flowing 43 API gravity oil at a stable rate of 430 barrels of oil per day ("bopd") over a 17-hour period. Additionally, the Company has begun testing a second Jurassic reservoir in the ASK-1 well in the Asanketken Field at depths between 1,271 to 1,277 metres, flowing 36 degree API gravity oil at a stable rate of 1,005 bopd over a 24-hour period. Both wells are connected to temporary production facilities and will be placed on long-term test production for up to 90 days.

HARRY can you give me a answer to this question .
talking to some young people i no they asked me a question
i have no answers .
facebook when they signed up at 12 years of age they did not no understand
the facts of doing things on facebook and now they can not clear there pages
if they are under age can they sue facebok to clear there pages which they say they can not do this them selves

Not as far as I know. Once the pages are out there (assuming they are legal), there is no way back. I keep telling the youngsters at my sports club that they are going to regret some of the stuff they are posting on the social network sites, but they think it is funny & cool! I don't know the law on this matter, so you would need legal advice, but I suspect the content becomes Facebook property once posted. Trouble is, it could have been copied & posted on dozens of other websites, so clearing it from Facebook may not solve the problem.

harry i no nothing about face book not on it .
surely these young kids are under age and the law says that they are not old enough to be responseable for there actions till they are 18. surely the law protects them
or i am i wrong i thought you had to be over 18 if you see what i mean

Part of the facebook terms:
"For content that is covered by intellectual property rights, like photos and videos (IP content), you specifically give us the following permission, subject to your privacy and application settings: you grant us a non-exclusive, transferable, sub-licensable, royalty-free, worldwide license to use any IP content that you post on or in connection with Facebook (IP License). This IP License ends when you delete your IP content or your account unless your content has been shared with others, and they have not deleted it........When you delete IP content, it is deleted in a manner similar to emptying the recycle bin on a computer. However, you understand that removed content may persist in backup copies for a reasonable period of time"
One other thing I have seen is that under 13's are not permitted to use Facebook, but that is not checkable by them, so the poster has to agree first that they are over 13. It seems that the onus is on the poster to declare the truth, not on Facebook to check.

thanks harry . but 18 is consent .

For social networking, I am not so sure. But even if that were the case, the parents would then become liable for their children falsifying info when they signed up. Very tricky area of the law.

Harry a post from an ex oil analyst whos views u rated very highly.Not back in yet but sorely tempted as i see a chance of v/large discovery?

I don't know. It is distinctly possible. Many successful deep wells pass through several hydrocarbon zones before getting anywhere near the primary objective. This is often a positive sign because if the primary objective is full to spill point, the excess will tend to move upwards, filling up other traps as it does so. So early signs of oil or gas in the cores significantly increase the likelihood of a good find.

It wouldn't necessarily move 10-20% at this point either. It depends on how widespread the rumour is - if there is any such whisper, about which I have no idea.

Having a good run today,its back on watch list.

MARKET REPORT: Max Petroleum gushing aheadBy Geoff Foster

Last updated at 10:00 PM on 20th February 2012

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Mad Max Petroleum was the red hot speculative stock as the slick oil sector continued to blaze a trail on takeover hopes.

Also helping the bullish mood was the strong oil price, which surged to a nine-month high above $121 a barrel after Iran said it halted exports to British and French companies ahead of a European Union embargo starting on July 1.

Shares of the Kazakhstan focused oil explorer gushed 3.25p, or 29.55 per cent, to 14.25p on rumours of a possible £354m or 35p a share cash bid from the bigger Zhaikmunai (0.1p dearer at 11.4p), which is based in north-western Kazakhstan.


Max’s share price got ahead of itself in 2007 and touched 200p-plus on hopes for substantial upside in Kazakhstan. But bulls didn’t take into account how long it would take for its projects in the area to bear fruit, while the credit crunch made the funding of its projects extremely difficult.
The shares have rallied from a bombed-out 52-week low of 2.6p as more optimistic news of its operations in Kazakhstan has prompted growing speculation that a major would come along and swallow the company at an attractive low price.

Gulf Keystone Petroleum gushed 14.25p more to an all-time high of 425.25p as speculation intensified that either Exxon Mobil or Total would soon launch a knock-out cash offer for the Kurdistan focused oil company. Up for sale Cove Energy advanced a further 7.75p to 156.75p on Anadarko bid hopes.
More...FTSE CLOSE: Greek bailout hope and rising oil prices help drive market up

Cameroon-focused oil company BowLeven, which soared 62 per cent on Friday following a bid approach from Dragon Oil (16.5p better at 563.5p), touched 138p but was then hit by profit-taking to close a penny off at 119p.

Nautical Petroleum advanced 18p to 352.5p as buyers responded to a WestHouse Securities strong buy recommendation and target price of 550p. Reflecting the strengthening oil price, BP traded above £5 for the first time since the Gulf of Mexico oil spill disaster. It touched 503p before closing 10.3p higher at 499.25p. Tullow Oil jumped 35p to 1601p.



Read more: http://www.thisismoney.co.uk/money/markets/article-2103890/MARKET-REPORT-Max-Petroleum-gushing-ahead.html#ixzz1myF2PrlN