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MXPTue, 10th Jun 2014 14:45
Max Petroleum, the AIM listed oil and gas exploration and development company, has made a new oil discovery in East Kyzylzhar, Kazakhstan. The company's KZIE-1 exploration well has reached a depth of 1,620 metres, with electric logs indicating 17 metres of net oil pay in two Jurassic sandstone res
Read moreMax Petroleum, an AIM listed oil and gas firm which focuses on Kazakhstan, has been granted an extension to its trial production project in the Zhana Makat field. This is a positive sign because it indicates the firm may gain so called "full field development" (FFD) status. With FFD Max Petroleum
Read moreKazakhstan-focused oil and gas group Max Petroleum has changed its course of action at the ASK-1 well on the Asanketken prospect as a result of technical difficulties. The group has now decided to complete the ASK-1 well as a Jurassic producer due to "ongoing performance issues with the drilling ri
Read moreMax Petroleum, the oil and gas exploration and development company focused on Kazakhstan, was wanted Friday after it provided an operational update. The firm has indicated that the secondary objective of its Asanketken prospect in Block E is expected to be commercially viable, even if the primary o
Read moreKazakhstan focused oil and gas explorer Max Petroleum has plugged and abandoned the ALTW-1 exploration well on the West Altykol prospect on Block E. AIM-quoted Max says that the well was drilled to a depth of 1,947m but it did not encounter any hydrocarbons. The drilling rig will be moved to the
Read moreShareholders in high flying Kazakhstan-focused oil explorer Max Petroleum took some profits after the company issued an operational update on Monday. The company has completed initial testing of the UTS-1 well in the Uytas Field. Current mapping indicates that the UTS-1 well is approximately 20
Read moreShares in Kazakhstan-focused oil explorer Max Petroleum hit a 52-week high Thursday morning after a good result on its first Uytas discovery well (UTS-1). Initial test results from the Cretaceous reservoir in the UTS-1 discovery well indicate a 55 metre oil column with 31 metres of net oil pay.
Read moreKazakhstan-focused oil firm Max Petroleum came back a bit today despite news that the UTS-1 exploration well on the Uytas prospect in Block A has found oil in three zones. Testing "to verify commerciality of what we believe could be a significant post-salt discovery" should begin in about one month
Read moreThe share price of Kazakhstan-focused oil firm Max Petroleum tanked on Monday morning after the company said it has plugged and abandoned the KAW-1 exploration well on the Karsak West prospect on Block E. The Sun ZJ-30drilling rig will now move to drill the UTS-1 exploration well on Uytas prospect
Read moreA A$20.95m (£12.1m) share placing by copper miner Finders Resources has been fully subscribed by investors at A$0.28 per share. The money will be used for near term development of the Wetar copper project, capital equipment purchases, payment of environmental bonds, relocating the Whim Creek plant
Read moreLeading equities trod water for the afternoon session consolidating strong gains made in the morning. Hopes that the US Federal Reserve will introduce new economic stimulus measures this week played well with the financial sector, with the likes of fund managers Schroders and St. James's Place and
Read moreFootsie hit its peak at around 10:00am and has been moving sideways ever since on a relatively quiet day for corporate news. In a buoyant insurance sector Prudential is firmer prior to Thursday's results while Aviva is lifted by Panmure Gordon raising its price target from 496p to 535p. Reboundi
Read moreFootsie is powering forward on the back of strong performances from financials and miners. Lonmin and Kazakhmys are the best performing miners, while among financials the stand-out stocks are spread around the insurance (Legal & General, Prudential), banking (Barclays), fund management (Schroders )
Read moreMax Petroleum shares rallied after the Kazakhstan-focused oil firm said it has made a potential new oil discovery in the Zhana Makat Field. The group's ZMA-A15 development well has reached a total measured depth of 1,525 metres, with electric logs indicating 30 metres of net oil pay, including two
Read moreFootsie finished in the red Monday as M&A excitement failed to give the leading share index any real sense of direction. International Power was the best FTSE 100 performer after French energy giant GDF Suez revived talks about a partnership to create a new London-listed electricity group. The deal
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