31st Aug 2010 07:00
Max Petroleum Plc
(the "Company")
Extension of Blocks A&E Licence Exploration Period
31 August 2010
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce that the Ministry of Oil and Gas of the Republic of Kazakhstan has advised the Company that they will extend the exploration period of the Company's Blocks A&E Exploration and Production Licence (the "Licence") for two years until March 2013. The extension will become effective upon final agreement of an addendum to the Licence specifying the mandatory work programme commitments through the extended exploration period, which the Company expects to occur on or before 31 December 2010. The Company operates Blocks A&E through its wholly-owned subsidiary, Samek International LLP.
Enquiries:
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Max Petroleum Plc
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Michael Young President and Chief Financial Officer |
Tel: +44 (0)20 7355 9590
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Peter Moss Vice President Corporate Development and Investor Relations
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Merlin PR
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Tom Randell / Anca Spiridon |
Tel: +44 (0)207 726 8400 |
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WH Ireland Ltd
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Daniel Bate |
Tel: +44 (0)161 832 2174
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Macquarie |
Paul Connolly / Ben Oakley |
Tel: +44 (0)203 037 2000 |
Related Shares:
MXP.L