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Max Petroleum down on dig failure
Fri, 09th Dec 2011 10:27
Max Petroleum, the western Kazakhstan-focused oil and gas company, has seen its share price drop this morning on news it has failed to find more hydrocarbons at its ASK-2 well in the Caspian Basin.The lastest, failed, dig had been an attempt to find deposits of hydrocarbons at depths up to 3,412 metres, having already confirmed a discovery between 1,281 and 1,287 metres.ASK-2 will now be converted into a production well to exploit the shallower resources.Max Petroleum's share price had fallen 5.56% to 12.75p by 10:14. Since January the firm's value has fallen 29%.BS
Latest MXP News
- MARKET COMMENT: London Shares Trade Lower On Greek Jitters
9 Feb 2015 - UPDATE 1-Max Petroleum in last-ditch attempt to stay afloat
9 Feb 2015 - Max Petroleum in do-or-die refinancing talks
9 Feb 2015 - UK MORNING BRIEFING: Chinese And German Trade Figures Hit Shares
9 Feb 2015 - Max Petroleum "Unviable" Without Investment, Debt Restructuring (ALLISS)
9 Feb 2015 - Max Petroleum says needs investment, debt restructuring to stay afloat
9 Feb 2015 - Max Petroleum's Oil Reserve Estimates Increase
9 Jan 2015 - Max Petroleum Reiterates Its Needs New Funds; Production Increases
27 Oct 2014
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MXP.L News
9 Feb 2015
UPDATE 1-Max Petroleum in last-ditch attempt to stay afloat
(Adds details, background, share movement) Feb 9 (Reuters) - Oil and gas company Max Petroleum Plc said the slump in crude oil prices would render it...
9 Feb 2015
Max Petroleum in do-or-die refinancing talks
Max Petroleum said it is desperately trying and renegotiate its debts and conclude refinancing talks with is bank and a possible equity investor as th...
9 Feb 2015
Max Petroleum says needs investment, debt restructuring to stay afloat
Feb 9 (Reuters) - Oil and gas company Max Petroleum Plc said the slump in crude oil prices would render its business insolvent unless it restructured...
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