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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Maxim Res. est une société d’exploration minière et de pétrole basée au Canada. Maxim Res. est en développement de projets de gaz en Australie. Son principal projet en production est SELLHEIM GOLD en Australie et son principal projet en développement est SOUTH ERIN BLOCK en Australie. Maxim Res. est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 292 050 CA$ (218 813 US$, 209 404 €). La valeur de son action a atteint son plus haut niveau récent le 30 décembre 2005 à 1,10 CA$, et son plus bas niveau récent le 16 décembre 2016 à 0,01 CA$. Maxim Res. possède 58 410 000 actions en circulation. |