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Update on Farmout Programme

9 Dec 2008 07:00

RNS Number : 7618J

Max Petroleum PLC

09 December 2008

Max Petroleum Plc

(the "Company" or "Max Petroleum")

Update on Farmout Programme

09 December 2008

Max Petroleum, an oil and gas exploration and development company focused in Kazakhstan, today updates the market regarding its ongoing efforts to farmout a portion of its equity interests in the Company's Astrakhanskiy and Blocks A&E licence areas in western Kazakhstan. While the Company has been involved in ongoing farmout discussions during the last several months, the Company has been unable to complete a satisfactory commercial transaction and cannot predict whether or when such a transaction could be concluded.

The Company continues to pursue a farmout of one or both of its licences. In conjunction, the Board is undertaking a review of its strategic alternatives.

Enquiries:

Mark Johnson, Chief Executive Officer

Michael Young, Chief Financial Officer

Peter Moss, Investor Relations Manager

Max Petroleum Plc

Tel: 020 7355 9590

Tom Randell / Maria Suleymanova

Merlin PR

Tel: 020 7653 6620

Daniel Bate / David Youngman

WH Ireland Ltd

Tel: 0161 832 2174

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCILFSTFFLTIIT

Date		Source	Headline
8th Feb 2008	4:47 pm	RNS	Holding(s) in Company
5th Feb 2008	6:18 pm	RNS	Holding(s) in Company
5th Feb 2008	6:18 pm	RNS	Exercise of Options
31st Jan 2008	6:19 pm	RNS	Total Voting Rights
29th Jan 2008	12:20 pm	RNS	Holding(s) in Company
29th Jan 2008	12:15 pm	RNS	Holding(s) in Company
18th Jan 2008	4:12 pm	RNS	Holding(s) in Company
17th Jan 2008	6:06 pm	RNS	Exercise of Options
14th Jan 2008	5:15 pm	RNS	Holding(s) in Company
10th Jan 2008	6:04 pm	RNS	Holding(s) in Company
8th Jan 2008	12:56 pm	RNS	Exercise of Options
8th Jan 2008	12:42 pm	RNS	Holding(s) in Company
7th Jan 2008	2:12 pm	RNS	New Director Appointments
3rd Jan 2008	2:26 pm	RNS	Holding(s) in Company
3rd Jan 2008	7:00 am	RNS	Directorate Change
2nd Jan 2008	10:12 am	RNS	Resumption of Production
31st Dec 2007	9:30 am	RNS	Total Voting Rights
21st Dec 2007	6:42 pm	RNS	Interim Results
21st Dec 2007	3:21 pm	RNS	Holding(s) in Company
17th Dec 2007	7:01 am	RNS	Temp Production Suspension
11th Dec 2007	4:54 pm	RNS	Holding(s) in Company
7th Dec 2007	10:54 am	RNS	Holding(s) in Company
6th Dec 2007	12:57 pm	RNS	Result of AGM
5th Dec 2007	5:12 pm	RNS	Holding(s) in Company
4th Dec 2007	5:30 pm	RNS	Exercise of Options
30th Nov 2007	4:19 pm	RNS	Total Voting Rights
22nd Nov 2007	11:32 am	RNS	Holding(s) in Company
22nd Nov 2007	10:01 am	RNS	Holding(s) in Company
19th Nov 2007	5:14 pm	RNS	Exercise of Options
8th Nov 2007	4:19 pm	RNS	Holding(s) in Company
5th Nov 2007	3:02 pm	RNS	Holding(s) in Company
2nd Nov 2007	10:58 am	RNS	Holding(s) in Company
1st Nov 2007	5:35 pm	RNS	Holding(s) in Company
1st Nov 2007	7:01 am	RNS	Exercise of Options
1st Nov 2007	7:01 am	RNS	Director Dealings
31st Oct 2007	4:13 pm	RNS	Holding(s) in Company
31st Oct 2007	3:52 pm	RNS	Total Voting Rights
30th Oct 2007	3:40 pm	RNS	Holding(s) in Company
30th Oct 2007	11:48 am	RNS	Date of AGM
30th Oct 2007	8:57 am	RNS	Directors/ PDMR Shareholdings
29th Oct 2007	7:30 am	RNS	Annual Report and Accounts
29th Oct 2007	7:30 am	RNS	Restoration - Max Petroluem
26th Oct 2007	3:01 pm	RNS	Operational Update
26th Oct 2007	3:00 pm	RNS	Final Results - Part 2
26th Oct 2007	3:00 pm	RNS	Final Results - Part 1
17th Oct 2007	1:36 pm	RNS	Management Changes
15th Oct 2007	4:31 pm	RNS	Holding(s) in Company
20th Sep 2007	12:38 pm	RNS	Holding(s) in Company
14th Sep 2007	10:37 am	RNS	Re: Investigation
10th Sep 2007	10:19 am	RNS	Holding(s) in Company

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