Max Petroleum begins drilling on new exploration well
Max Petroleum, an oil and gas exploration and production company focused on Kazakhstan, has started drilling on the DOSNW-1 exploration well on the Dossor North West prospect on Block E.
Max Petroleum, an oil and gas exploration and production company focused on Kazakhstan, has started drilling on the DOSNW-1 exploration well on the Dossor North West prospect on Block E.
The well will be drilled to a total depth of around 1,400 metres.
The prospect is targeting unrisked mean resources of seven million barrels of oil.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The share price rose 3.07% to 4.36p by 08:44.
NR
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
How to invest in US small caps
For more than a decade, US small caps have lagged their larger counterparts. There are signs this is starting to change – here's how to stock up
By Dr Matthew Partridge Published
-
Two investment trusts riding the AI boom
Remain invested in investment trusts despite high valuations, as computing breakthroughs are likely to change the world
By Max King Published