Sharesmagazine
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Share Price   Awards   Market Scan   Videos   Broker Notes   Director Deals   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Indices   Forward Diary   Forex Prices   Shares Magazine   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Comparison Tables   Spread Betting 
You are NOT currently logged in
Register now or login to post to this thread.

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 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.




HARRYCAT - 25 Jan 2012 13:05 - 633 of 695

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.

Balerboy - 25 Jan 2012 17:28 - 634 of 695

Got a time scale for drilling harry?.,.

HARRYCAT - 25 Jan 2012 21:20 - 635 of 695

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

Balerboy - 25 Jan 2012 21:49 - 636 of 695

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.,.

Balerboy - 25 Jan 2012 22:19 - 637 of 695

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.

HARRYCAT - 02 Feb 2012 08:24 - 638 of 695

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.

TANKER - 02 Feb 2012 08:42 - 639 of 695

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

HARRYCAT - 02 Feb 2012 08:53 - 640 of 695

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.
Register now or login to post to this thread.