MXP.L Regulatory News (MXP)

28 Dec 2005 10:52

Max Petroleum PLC28 December 2005 MAX PETROLEUM Plc Institutional Placing Max Petroleum Plc (AIM: MXP), an oil and gas exploration and development companywith an initial focus on Kazakhstan, today announces that it has conditionallyplaced 37,650,000 ordinary shares of 0.01p ("the Placing Shares") at a price of100 pence per share. The proceeds of the Placing will fund an acquisition for an oil and gasexploration asset in Kazakhstan, further details of which will be announced indue course. Application will be made for the Placing Shares to be admitted to trading onAIM. It is expected that such admission will take place on 6 January 2006. 28 December 2005 Enquiries: Max Petroleum Plc James A. Jeffs T: +44 (0)20 7514 1490 Chief Executive Officer Steve Kappelle Chief Operating Officer Pelham Public Relations Charles Vivian T: +44 (0)20 7743 6672 E : Charles.vivian@pelhampr.com Alisdair Haythornthwaite T : +44 (0) 20 7743 6676 E: Alisdair.haythornthwaite@pelhampr.comWH Ireland Limited Philip Haydn-Slater T : +44 (0) 20 7220 1666 E : phs@wh-ireland.co.uk This information is provided by RNS The company news service from the London Stock Exchange