Max Petroleum registers its shares on Kazakhstan Stock Exchange

Oil&Gas Materials 18 March 2013 12:04 (UTC +04:00)

Azerbaijan, Baku, March 18 /Trend E. Kosolapova/

Max Petroleum Plc has registered its ordinary shares on the Kazakhstan Stock Exchange ("KASE"), Max Petroleum reported.

"The KASE listing will allow the company to offer ordinary shares for sale in Kazakhstan, a key local regulatory requirement for the company to be able to issue additional securities on international markets," the company said.

The secondary listing will also facilitate a wider ownership of the company's ordinary shares in Kazakhstan.

For trading on KASE Max Petroleum Ordinary Shares have been assigned the ticker symbol: GB_MXPT.

Max Petroleum Plc is an oil and gas exploration and production company focused on Kazakhstan. The company holds a 100 percent interest in the Blocks A and E License area covering over 12,455 squire kilometers in the highly prolific Pre-Caspian Basin in Western Kazakhstan.