Company Profile For Max Petroleum Plc

Max Petroleum Plc (Max Petroleum) and its subsidiaries are engaged in the exploration, development and production of oil and gas assets within the Republic of Kazakhstan. The Company owns rights over two contract areas consisting of three oil and gas blocks in the Pre-Caspian Basin, comprising Blocks A&E and Astrakhanskiy. As of July 31, 2009, the Company had completed two of three planned prospect reviews evaluating fully processed three dimensional seismic data over Blocks A&E, generating 10 shallow and intermediate prospects. It operates in the Pre-Caspian Basin in Western Kazakhstan. Fields in the Basin include the super-giant Tengiz, Kashagan, Karachaganak and Astrakhan fields, which range in size from 7 to 20 billion barrels of oil equivalent recoverable reserves. As of August 31, 2009, the field was producing approximately 2,000 barrels of oil per day. The Astrakhanskiy Block consists of 1,273 square kilometers located onshore in the Atyrau Oblast, Western Kazakhstan.

BRIEF: For the fiscal year ended 31 March 2009, Max Petroleum plc's revenues increased 43% to $39.2M. Net loss decreased 64% to $12.3M. Revenues reflect higher sales of crude oil and higher export sales. Lower loss also reflects a significant increase in gross margin, lower exploration & appraisal costs, the absence of impairment of assets held for sale, a decrease in administrative expenses and lower operating loss.

Max Petroleum Plc
2nd Floor
81 Piccadilly
London   ENG   W1J 8HY
P: +4420.73559590
F: +4420.73559591

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