MXM-TSXV
M5H-FRANKFURT
MXMSF-US OTC
MAXIM ANNOUNCES PRODUCTION RESUMED AT HIGH ISLAND
Vancouver-Maxim Resources Inc. announced today that production has resumed at the company's non-operated High Island 115 B-1 ST No. 2 well, which has been off production since hurricane Ike impacted the Gulf of Mexico in early September. The well will be restricted initially to evaluate repairs to the facilities; however, ultimate production rates are expected to resume at the prehurricane rate of nine million cubic feet per day. The company holds a 20-per-cent working interest and 10.75-per-cent net revenue interest in the well.
On behalf of the Board
Arthur Brown
CEO
For further information, please contact:
Arthur Brown, CEO
(604) 630-0280
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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Maxim Resources Inc.
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CODE : MXM.V |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Maxim Res. is a and oil exploration company based in Canada. Maxim Res. develops natural gas in Australia. Its main asset in production is SELLHEIM GOLD in Australia and its main asset in development is SOUTH ERIN BLOCK in Australia. Maxim Res. is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 292 050 as of today (US$ 218 813, € 209 404). Its stock quote reached its highest recent level on December 30, 2005 at CA$ 1.10, and its lowest recent point on December 16, 2016 at CA$ 0.01. Maxim Res. has 58 410 000 shares outstanding. |