Max Petroleum gets financing deal for well campaign

Max Petroleum, an oil and gas company focused on Kazakhstan, has agreed an equity for services agreement with Zhanros Drilling.

Max Petroleum, an oil and gas company focused on Kazakhstan, has agreed an equity for services agreement with Zhanros Drilling.

Under the terms of the agreement, Zhanros will drill up to four wells in exchange for up to 90,322,581 ordinary shares at a price of 5p per share.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

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

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.