I couldn't help but look back at some of your posts here as they all seem so negative and back in July you posted
'The company is dead in the water and they know it. If they don't sell soon then in a few years the remaining (pitiful) value of the company will be gone and shareholders will be left with nothing. Therefore they are doing the only sensible thing and trying to flog what they have (not much). Final SP with known reserves minus debt and admin costs will be in the 2-3p mark.
BoD will retire with millions in the bank of course though. :p'
Max had some good news for shareholders, as it disclosed that the Government of the Republic of Kazakhstan has granted regulatory approval to convert the Asanketken field to full field development (FFD) status, effective immediately. FFD approval will allow Max Petroleum to fully develop and produce the Asanketken field and sell 80% of crude oil production from Asanketken on the export market under the terms of its Blocks A&E exploration and production contract. Asanketken is currently capable of producing about 600 barrels of oil per day from its four productive wells.
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