Kazakhstan-focused Max Petroleum has announced Group reserves as at 30 September 2014 as estimated by its Competent Person, Ryder Scott Company LLC (RSC). The reserves reflect drilling results, forward oil pricing and other technical information as at that date, including the results from four wells drilled during the six month period ended 30 September 2014.
As at 30 September 2014, RSC estimated that the Group had 9.9 million barrels of oil equivalent (mmboe) in proved and probable (2P) reserves. This is an increase of 4% from 9.5 mmboe as at 31 March 2014.
RSC estimated that the Group's total proved, probable and possible (3P) reserves increased by 4% to 10.8 mmboe as at 30 September 2014 from total 3P reserves of 10.4 mmboe as at 31 March 2014.
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