Additional Information
Market: AIM
Sector: Energy
EPIC: MXP
Latest Price: 13.00p  (-3.70% Descending)
52-week High: 18.75p
52-week Low: 9.77p
Market Cap: 131.53M
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Max Petroleum
www.maxpetroleum.com

Max Petroleum is an independent oil and gas exploration and production company focused on Kazakhstan. The Company is a public limited company incorporated in the United Kingdom and listed on AIM. The Company holds a 100% interest in Blocks A&E Licence area covering over 12,455 km2 in the highly prolific Pre-Caspian Basin in Western Kazakhstan. The Pre-Caspian Basin has produced some of the world’s largest oil and gas discoveries, including the super-giant Tengiz, Kashagan, Karachaganak and Astrakhan fields, which range in size from seven to 20 billion barrels of oil equivalent in recoverable reserves.

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Max Petroleum hires former Anadarko man Steven Martin as VP of Engineering

18th Jul 2011, 8:59 am by Jamie Ashcroft The new engineering vice president has over 33 years experience in the industry most of which was spent at Texas-headquartered oil giant Anadarko Petroleum

Kazakhstan oil junior Max Petroleum (LON:MXP) has hired Steven Martin as its new senior vice president of engineering.

The experienced oil man, Martin, has over 33 years experience in the industry most of which was spent at Texas-headquartered oil giant Anadarko Petroleum (NYSE:APC).

At Anadarko Martin held a variety of positions as he rose up through the ranks to become the multinational’s chief engineer.

Martin left Anadarko in 2007 and since then he has been engineering manager for private equity backed Legado Resources LLC, where he has focused on applying enhanced oil recovery methods to add reserves in mature oilfields. 

Max Petroleum co-chairman Robert Holland said: “Bringing in an experienced manager like Steve is part of our natural progression from exploration into development of the new fields we have discovered.  

“Steve brings extensive international and domestic experience in reservoir engineering as well as broad experience in economic evaluation.

“We are very pleased to have been able to attract an engineer of Steve's calibre to join our team." 

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