Stock Market News
Prices
Max Petroleum plugs and abandons well in Kazakhstan
28-01-2013 09:58
| Add To Google +1 | Tweet |
Max Petroleum shares dipped Monday after the oil and gas company announced it plugged and abandoned a well on the Tolegen West prospect in Kazakhstan.
The group said it completed drilling at the TOLW-1 exploration well at a total depth of 1,540 metres without encountering producible hydrocarbons.
The rig will next move to the Zhana Makat field to drill the ZMA-A20 well. It is the first of five development wells to be drilled in Zhana Makat this year.
Max Petroleum is seeking regulatory approval for a two-year appraisal extension over the entire Blocks A&E Licence until March 2015, allowing the company to drill its two remaining post-salt prospects after this March.
Shares fell 3.61% to 4.00p at 10:04 Monday.
The group said it completed drilling at the TOLW-1 exploration well at a total depth of 1,540 metres without encountering producible hydrocarbons.
The rig will next move to the Zhana Makat field to drill the ZMA-A20 well. It is the first of five development wells to be drilled in Zhana Makat this year.
Max Petroleum is seeking regulatory approval for a two-year appraisal extension over the entire Blocks A&E Licence until March 2015, allowing the company to drill its two remaining post-salt prospects after this March.
Shares fell 3.61% to 4.00p at 10:04 Monday.
| Related share prices |
|---|
| Max Petroleum (MXP) share price |
Stock News is provided by Digital Look Corporate Solutions from Sharecast news. Please read the terms and conditions of useage of this data. Republication or redistribution of content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Digital Look Ltd.
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
| Enter share symbol |
| Search share prices A to Z |
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- UK 100 Shares
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways share price
- Centrica share price
- Tesco share price
- National Grid share price
- RBS share price
- GSK share price
- Marks and Spencer
- Rolls Royce
- Banco Santander price
- Direct Line
- Rio Tinto share price
- Amec Share price
- Corac share price
- Lookers
- Telecom plus
- Kier share price
- Punch taverns
- Blinkx share price
- Tan share price
- Yell share price
- Rsa share price
- Pendragon share price
- Logica share price
- Bat share price
- Sky share price
- Kingfisher share price
- Dragon Oil share price
- Desire Petroleum share price
- RRL share price
- BPC share price
- VOG share price
- SAR share price