MXM-TSXV December 11, 2008
M5H-FRANKFURT
MXMSF-US OTC
Maxim Resources Announces Fourth Development Well TD
Vancouver, BC. Maxim Resources Inc. (MXM.V) has been notified by the project operator that the fourth development well (ER-102) in the South Erin field, Trinidad, was successfully drilled to a total depth of 3800 feet. The well has been logged with positive results.
This completes the fourth and final well of the 2008 development well program.
This fourth development well is actually the fifth successful well in the South Erin Field (including the ER-98 discovery well). These five wells will be used to evaluate various reservoirs of oil in the South Erin Field. Subject to approvals, these four development wells are expected to be in production in the very near future. The discovery well continues to free flow approximately 75 plus barrels per day from one zone.
Maxim Resources 2009 drill program is currently being planned and an updated reserves report is in the process of being complete
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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. |