31st Jul 2008 13:58
Max Petroleum Plc
(the "Company" or "Max Petroleum")
Extension of Blocks A&E Licence Exploration Period
31 July 2008
Max Petroleum is pleased to announce that the exploration period of its Blocks A&E subsoil use licence has been extended for a further two years until 4 March 2011 by the Ministry of Energy and Mineral Resources ("MEMR") of the Republic of Kazakhstan. The Company operates Blocks A&E through its wholly-owned subsidiary, Samek International LLP.
Mark Johnson, Chief Executive Officer, commented:
"The extension of the exploration period of our existing licence gives us additional time necessary to explore and appraise our large acreage position in Blocks A&E. We appreciate the ongoing support of the Republic of Kazakhstan and the MEMR."
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 / Anca Spiridon Merlin PR |
Tel: 020 7653 6620 |
|
Daniel Bate / David Youngman WH Ireland Ltd |
Tel: 0161 832 2174 |
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