We would like to thank you for your interest in Maxim Resources Inc., (“Maxim”), a junior venture oil and gas exploration and production dual listed issuer on the TSX Venture Exchange in Canada. The Company is also quoted on the Frankfurt Exchange as well as the Over-the-Counter Bulletin Board in the United States.
We strive to build a portfolio that will grow into mid-tier production with strong revenue and growth potentials. We are actively seeking new projects on an ongoing basis that gall within our known geographic territories of Africa and the Middle East. Currently, our focus has been our Moroccan asset, and progressing our agreement to acquire an interest in an onshore exploration project in the United Arab Emirates.
In June 2014, we signed a Reconnaissance Contract on the Hassi Berkane Block in the north east of the Kingdom of Morocco to be the operator and have exclusive exploration rights of the licence. The Hassi Berkane Block is located onshore and encompasses 5,116 km2 , with extensive 2-D seismic data. Key attributes of the Hassi Berkane Block are:
The property is close to the Maghreb Europe Gas Pipeline, which transports gas from the super giant Maghreb gas field in adjacent Algeria. The pipeline has ample excess capacity.
In May 2015, we entered into the Quest Acquisition Agreement with Dubai based Quest Investments LLC and its wholly owned subsidiary Quest Oil & Gas Ventures Inc for Quest to become a significant shareholder of the Company and Maxim to acquire 25% indirect equity ownership interest in the onshore oil and gas and production concession covering an area of 747 km2 , within the Emirate of Umm Al-Quwain, in the United Arab Emirates. Other parties involved in the concession are Arawak Energy International, a wholly owned subsidiary of the Vitol Group, and PTTEP, an upstream company from Thailand. This milestone offers access to investing in the UAE with 2 major industry partners that are extensive participants in the hydrocarbon market.
Key attributes are that:
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We thank you for your continued support and should you have any questions please feel free to contact us at any time.
Chief Executive Officer