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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
- Max Petroleum sells 51 pct stake to Assaubayev family
4 Aug 2014 - Max Petroleum Raises GBP37.1 Million From New Majority Shareholder
4 Aug 2014 - Max Petroleum says reviewing strategic options
22 Jul 2014 - Max Petroleum Appoints Blackstone To Conduct Sale Process
22 Jul 2014 - Max Petroleum bags cost savings from new pipeline at Zhana
1 Jul 2014 - UK MIDDAY BRIEFING: Tesco, Morrison's Continue To Struggle
1 Jul 2014 - UK WINNERS & LOSERS: Miners Buoyed By Chinese PMI Data
1 Jul 2014 - Max Petroleum Connects Oil Facility To Kazakh Pipeline
1 Jul 2014
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MXP.L News
4 Aug 2014
Max Petroleum sells 51 pct stake to Assaubayev family
Aug 4 (Reuters) - Oil and gas company Max Petroleum Plc , which started a strategic review of its operations last week, said it had sold a 51 percent ...
22 Jul 2014
Max Petroleum says reviewing strategic options
July 22 (Reuters) - Oil and gas company Max Petroleum Plc said it was reviewing strategic options, including a sale. The London-listed firm, which ha...
1 Jul 2014
Max Petroleum bags cost savings from new pipeline at Zhana
Max Petroleum shares spurted higher on Tuesday after the Kazakhstan-focused company said it would save $4 a barrel following the commissioning of a ne...
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