2010-05-07 18:22 ET - News Release
Mr. Arthur Brown reports
MAXIM ANNOUNCES CHANGE IN PARTICIPATING INTEREST IN THE HIGH ISLAND BLOCK
Effective as of Dec. 1, 2009, Maxim Resources Inc.'s interest in and to the 115 B-1 well and the High Island block oil and gas leases in the western Gulf of Mexico has been changed to an 8-per-cent working interest and a 4-per-cent net revenue interest. The company agreed to reduce its working interest in settlement of the company's failure to make certain payments required by the applicable operating agreement. Prior to this change, the company had a 20-per-cent working interest and a 10-per-cent net revenue interest. In addition, as the company owes approximately $770,000 (U.S.) in fees in connection with its interest in the High Island block, the proceeds payable to the company for its net revenue interest will be reduced in order to repay such amount owing.
We seek Safe Harbor.
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Maxim Resources Inc.
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CODE : MXM.V |
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Maxim Res. est une société d’exploration minière et de pétrole basée au Canada. Maxim Res. est en développement de projets de gaz en Australie. Son principal projet en production est SELLHEIM GOLD en Australie et son principal projet en développement est SOUTH ERIN BLOCK en Australie. Maxim Res. est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 292 050 CA$ (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. |