TORONTO, ONTARIO--(Marketwired - Jul 21, 2014) - Maxim Resources Inc., (Maxim) (TSX VENTURE:MXM)(MXMSF)(FRANKFURT:M5H), further to a news release dated June 23, 2014 announce the signing of a reconnaissance contract, between ONHYM and Maxim, is pleased to announce the Corporation has engaged Chapman Petroleum Engineering Ltd. to manage the reprocessing of 600 kilometers of existing 2-D seismic data and 10,000 kilometers of aero mag and gravity data on the onshore Hassi Berkane Block in the Kingdom of Morocco ("Morocco").
Chapman Petroleum Engineering Ltd. is a Calgary based consulting firm providing comprehensive petroleum engineering and geoscience services covering the full spectrum of the oil and gas industry, domestically and internationally. Commercial software applications used by the firm include: economic evaluations, digital log analysis, well log digitizing, Monte Carlo simulation, geological mapping, formation evaluation, well testing, interpretation and reporting.
Maxim's, Moroccan based in house geological staff are currently conducting a field survey and GPS data collection on the Hassi Berkane Block.
Art Brown, CEO and President of Maxim said, "Maxim is pleased to be starting Stage 1 development of the Beni Znassen Bloc, we look forward to positive results from the reprocessing of existing data, and to complete an exploration plan for future development."
About Maxim
Maxim is an oil and gas production and exploration company based in Vancouver, Canada. The Company is focused on identifying assets that meet the following criteria, producing, near term enhancement and exploration opportunities. Investments may be by way of acquisition, participation and/or fractional interest. Its most recent investment is a Reconnaissance Contract for the Hassi Berkane Block (formerly Beni Znassen Block) in the Kingdom of Morocco ("Morocco) in partnership with the National Office of Hydrocarbons and Mines ("ONHYM")".
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Issued on behalf of the Board of Directors of Maxim Resources Inc.
Arthur Brown, President & CEO
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