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maxim resources inc (MXM) Snapshot

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05/20/14 - C$0.20
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maxim resources inc (MXM) Details

Maxim Resources Inc. engages in the acquisition, exploration, and development of oil and gas properties in Canada and Trinidad. It holds interests in the Jasmin sub license covering 1,350 acres located in the South Erin Block of onshore Trinidad. The company is headquartered in Vancouver, Canada.

maxim resources inc (MXM) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$72.0K
Chief Financial Officer
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

maxim resources inc (MXM) Key Developments

Maxim Resources Inc. Signs Reconaissance Contract for Hassi Berkane Block with ONHYM

Maxim Resources Inc. announced the Corporation has signed a Reconnaissance Contract for the Hassi Berkane Block (formerly Beni Znassen Block) in the Kingdom of Morocco. ONHYM and Maxim has jointly applied to the Ministry of Energy, Mines, Water and Environment of Morocco (MEMWE) for the Reconnaissance Concession, which is expected to be issued in the coming weeks. Maxim will start Stage 1 reconnaissance of the Hassi Berkane Block in the next 30 days which will consists of; Preparation of a NI51-101 Standards of Disclosure For Oil and Gas Activities by a Qualified Person - Reprocessing 600 kilometers of existing 2-D seismic data - Reprocessing 10,000 kilometers of aero mag and gravity - A rock evaluation of basin outcrops - A micro-seepage study across the identified structural anomaly - Attribute reprocessing of key seismic lines, including direct hydrocarbon identification - Hyper spectral/multi-spectral analysis from high-resolution satellite imagery.

Maxim Resources Inc. Announces Heads of Agreement to Acquire Reconsaissance Contract Interest from First Sahara Energy Inc.; Announces Appointment of David Stadnyk as Director

Maxim Resources Inc. entered into a heads of agreement, (HOA), with First Sahara Energy Inc. to acquire its interest in a Reconnaissance Contract on the Beni Znassen Block in the Kingdom of Morocco (Morocco). Maxim and FSE have agreed that the reconnaissance contract interest held by FSE in the Beni Znassen Block will be transferred to Maxim and its newly formed wholly owned Moroccan subsidiary MAXIM Pétrole de Gaz SARL, (Maxim PG). The company also announced that effective immediately Mr. David Stadnyk, Former Director and CEO of FSE, has joined the Maxim Board of Directors. As part of the acquisition of the reconnaissance contract interest in the Beni Znassen Block by Maxim, Maxim agreed to provide this Board seat as Mr. Stadnyk is able to bring a high level of knowledge and relationship experience to this opportunity as a result of his previous workings with ONHYM. Mr. Stadnyk has extensive knowledge in the public capital markets and strong relationships with global investment banks and independent boutique investment dealers. He is President and CEO of Supreme Pharmaceuticals Inc. where he is key in providing a variety of leadership, investment and developmental roles in the biotech and pharmaceuticals sector as well as the roles he has held in the resource sector.

Leni Gas & Oil PLC Extends Non-Binding Heads of Agreement with Maxim Resources Inc

Leni Gas & Oil PLC announced that, further to its announcement on October 3, 2013 concerning the non-binding Heads of Agreement (HOA) with Maxim Resources Inc. (Maxim), originally announced in March 2013, agreement has been reached with Maxim to extend the deadline to complete the transaction by an additional 60 days. The companies have reached agreement that the HOA will be extended until 31 May 2014 in order for Maxim to conclude the court case concerning its interests in the South Erin Block in Trinidad.


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