Datum Källa Rubrik Typ Alternativ
2022-11-24 Maha Energy Maha Energy AB (publ) (”Maha” eller ”Bolaget”) valberedning för Årsstämma 2023 Pressreleaser Visa Stäng
2022-11-24 Maha Energy Maha Energy AB (publ) (“Maha” or the “Company”) Nomination Committee for the AGM 2023 Pressreleaser Visa Stäng
2022-11-23 Finansinspektionen Finansinspektionen: Flaggningsmeddelande i Maha Energy AB Pressreleaser Visa Stäng
2022-11-22 Finansinspektionen Finansinspektionen: Flaggningsmeddelande i Maha Energy AB Pressreleaser Visa Stäng
2022-11-21 Penser Access Penser Access: Robust indicators that the Tie wells are onstream - Maha Energy Analyser Visa Stäng
2022-11-15 Maha Energy Maha Energy AB Announces Filing of Third Quarter 2022 Report & Live Webcast Pressreleaser Visa Stäng
2022-11-15 Maha Energy Maha Energy AB meddelar resultat för tredje kvartalet 2022 och inbjudan till webcast Pressreleaser Visa Stäng
2022-11-04 Maha Energy The board of directors of Maha Energy AB (publ) (“Maha” or the “Company”) announces changes within its Management Team Pressreleaser Visa Stäng
2022-11-04 Maha Energy Styrelsen för Maha Energy AB (publ) (”Maha” eller ”Bolaget”) meddelar förändringar i Bolagets ledningsgrupp Pressreleaser Visa Stäng
2022-11-03 Maha Energy Extra bolagsstämma i Maha Energy AB (publ) Pressreleaser Visa Stäng
2022-11-03 Maha Energy Extraordinary General Meeting in Maha Energy AB (publ) Pressreleaser Visa Stäng
2022-11-02 Maha Energy Maha Energy AB reviderar produktionsguidning för 2022 Pressreleaser Visa Stäng
2022-11-02 Maha Energy Maha Energy AB revises 2022 annual average production guidance Pressreleaser Visa Stäng
2022-10-21 Penser Access Penser Access: Analyst Presentation of MAHA Energy - Erik Penser Bank - October 21 2022 Analyser Visa Stäng
2022-10-18 Penser Access Penser Access: Goda förutsättningar för att Brasilien ska accelerera framöver - Maha Energy Analyser Visa Stäng
2022-10-11 Maha Energy Notice to attend the Extraordinary General Meeting in Maha Energy AB (publ) Pressreleaser Visa Stäng
2022-10-11 Maha Energy Kallelse till extra bolagsstämma i Maha Energy AB (publ) Pressreleaser Visa Stäng
2022-09-30 Finansinspektionen Finansinspektionen: Flaggningsmeddelande i Maha Energy AB Pressreleaser Visa Stäng
2022-09-28 Finansinspektionen Finansinspektionen: Flaggningsmeddelande i Maha Energy AB Pressreleaser Visa Stäng
2022-09-15 Finansinspektionen Finansinspektionen: Flaggningsmeddelande i Maha Energy AB Pressreleaser Visa Stäng
2022-09-13 Finansinspektionen Finansinspektionen: Flaggningsmeddelande i Maha Energy AB Pressreleaser Visa Stäng
2022-09-08 Finansinspektionen Finansinspektionen: Flaggningsmeddelande i Maha Energy AB Pressreleaser Visa Stäng
2022-09-06 Maha Energy Maha Energy AB (”Maha” eller ”Bolaget”) reviderar produktionsguidning för 2022 samt meddelar att borrning i Oman påbörjats och ger en verksamhetsuppdatering Pressreleaser Visa Stäng
2022-09-06 Maha Energy Maha Energy AB (“Maha” or the “Company”) announce revised 2022 annual average production guidance, spud in Oman and a general operational update Pressreleaser Visa Stäng
Pressreleaser | 6 Sep 2022 | Maha Energy

Maha Energy AB (“Maha” or the “Company”) announce revised 2022 annual average production guidance, spud in Oman and a general operational update

  • The range for the 2022 annual average production is revised to 3,500 – 4,000 from 4,000 – 5,000 BOEPD1.
  • Drilling in Oman started today, the Mafraq-7 well was spudded 5 weeks ahead of schedule.
  • A bid for Petrobras’ 25% Working Interest (“WI”) at the Tartaruga Field in Brazil was submitted on 1 September, 2022.

Delays in repairing production wells on the Tie Field in Brazil, and the effect of farming down 35% of the Mafraq Field in Oman will impact the Company’s 2022 full year production volume. On the Tie Field, in Brazil, three important producing wells (GTE-3, GTE-4 and Tie-1) have been shut in for much of 2022 primarily due to tubing leaks.  The shortage of equipment and associated services in Brazil have resulted in repair delays and therefore lower than planned production at the Tie field. The new revised Maha production guidance for 2022 is 3,500 – 4,000 BOEPD. Details of the operations affecting the Company is provided below.

Jonas Lindvall, CEO of Maha Energy AB comments: “The combined effects of higher oil prices and the Petrobras onshore divestments in Brazil have created a huge demand on service contractors there. It has proven difficult to get equipment and services quickly and we were lucky to secure the “Braserv 144” workover rig earlier this summer. The rig is contracted until the end of 2022 and we are repairing the downed production wells as fast as we can.”

Details of Maha current operations :

Tie Field (Brazil)
ALV-2 (gas Injector)
The ALV-2 well was converted to a gas injector earlier this summer.  This conversion allows for uninterrupted oil production at all times and the well was recompleted with new premium (gas tight) tubing.

GTE-3 (producing well)
This well is being converted from a dual jet pump completion to a single comingled Electric Submersible Pump (ESP) producer. Currently the dual packer is being retrieved and estimated completion date is later in September.

Tie-1 (producing well)
The Tie-1 production well requires a workover to retrieve stuck jet pumps in both completion strings.

GTE-4 (producing well)
The GTE-4 well suffers from a leaking tubing string and the tubing will be replaced once Tie-1 has been completed.

Tie-5 (horizontal producing well)
The Tie-5 horizontal was completed earlier this year.  It has been producing steadily under natural flow with no water. However, initial production information suggest that the horizontal reservoir may have been damaged by drilling fluids during the drilling phase. The measured inflow is significantly less than what can be expected from a reservoir with such excellent properties.  Plans are underway to recover the ESP and perforate parts of the horizontal liner using Tubing Conveyed Perforating (TCP) guns later in the year. This should address any damage caused whilst drilling and add production from the entire horizontal hole.

Tie-6 water injector
The Tie-6 well penetrated the Agua Grande (AG) Reservoir 12 meter higher than prognosed.  The well is currently undergoing a series of production and injectivity tests and this well may be placed on temporary oil production before being converted to a water injector.

Tie Water Supply Well (WSW)
The drilling rig Faxe 2 is now being moved to drill a shallow water supply well on the Tie field. The WSW is an important water provider for the water injection program currently being implemented at the Tie field.

Tartaruga
The Tartaruga field is producing steadily from two wells with very little production decline.  The Company has submitted a competitive bid for Petrobras’ 25% Working Interest in the field on 1 September, 2022.  Immediate future work planned for the Tartaruga field is an additional horizontal well into the Penedo sandstone. The Tartaruga 3 (TTG-3) well has been identified as a possible candidate for the horizontal sidetrack.

Oman Block 70 (Mafraq field)
Plans are well developed to commence drilling on the Block.  At the moment a total of six wells will be drilled. First, four (4) horizontal production test wells will be drilled and placed on long term test production. Two (2) appraisal wells will then be drilled to (a) identify the oil water contact on the structure, and (b) determine fracture orientation at various levels of the field. If results are deemed positive, the Company has secured sufficient equipment and services to immediately drill additional wells to add to the long term well test production volumes.

Gulf Drilling Rig 109 spudded Mafraq-7 today, 5 weeks ahead of schedule.  A total of four (4) drilling pads and 18 km. of roads have been refurbished and/or constructed on Block 70.  Work is proceeding to negotiate temporary offtake agreements for the extended well test produced crude oil.

Illinois Basin and LAK Ranch
Production from the IB asset is as expected, and work is progressing in identifying various quick, low cost, production gains through simple stimulation work.  The LAK Ranch production was restarted in June as regulatory requirements in Wyoming necessitated multiple well reactivations.  To date about 1,000 barrels of oil has been recovered from the LAK Ranch property since the wells were restarted. The Company is exploring various options, including divestment, of the LAK Ranch property.

  1. Barrels of oil equivalent (”BOE”) conversion ratio of 6,000 scf: 1 bbl is used.

2                      The Block 70 Farm Out is subject to the approval of the Omani Government.

Miscellaneous
This information is such information that Maha Energy AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 20:15 CET on 6 September, 2022.

For more information, please contact:        
Jonas Lindvall (CEO)
Tel: +46 8 611 05 11        
jonas@mahaenergy.ca

Victoria Berg (Investor Relations)
Tel: +46 8 611 05 11      
victoria@mahaenergy.ca

About Maha
Maha Energy AB (publ) is a listed, international upstream oil and gas company whose business activities include exploration, development and production of crude oil and natural gas. The strategy is to target and develop underperforming hydrocarbon assets on global basis. Maha operates four oil fields: Tartaruga and Tie in Brazil, Powder River (LAK Ranch) and Illinois Basin in the United States. The shares are listed on Nasdaq Stockholm ( MAHA-A ). The head office is in Stockholm, Sweden with a technical office in Calgary, Canada, as well as operations offices in Grayville, Illinois, USA and Rio De Janeiro, Brazil. For more information, please visit our website www.mahaenergy.ca

Attachment


2022-08-18 Penser Access Penser Access: Räknar med att volymerna kommer tillbaka i H2 - Maha Energy Analyser Visa Stäng
2022-08-15 Maha Energy Maha Energy AB meddelar resultat för andra kvartalet 2022 och inbjudan till webcast Rapporter Visa Stäng
2022-08-15 Maha Energy Maha Energy AB Announces Filing of Second Quarter 2022 Report & Live Webcast Rapporter Visa Stäng
2022-08-08 Maha Energy Maha Energy AB ingår utfarmningsavtal med Mafraq Energy LLC för Block 70 i Oman Pressreleaser Visa Stäng
2022-08-08 Maha Energy Maha Energy AB enters into a Farmout Agreement with Mafraq Energy LLC for Block 70 in Oman Pressreleaser Visa Stäng
2022-08-02 Maha Energy Maha Energy AB awards drilling contract to Gulf Drilling LLC in Oman for a six well drilling campaign Pressreleaser Visa Stäng
2022-08-02 Maha Energy Maha Energy AB tecknar kontrakt med Gulf Drilling LLC i Oman för att borra sex oljebrunnar Pressreleaser Visa Stäng
2022-07-19 Finansinspektionen Finansinspektionen: Flaggningsmeddelande i Maha Energy AB Pressreleaser Visa Stäng
2022-07-18 Finansinspektionen Finansinspektionen: Flaggningsmeddelande i Maha Energy AB Pressreleaser Visa Stäng
2022-07-13 Maha Energy Maha’s Tie-5 free flows 766 BOEPD through Tie permanent facilities without pump Pressreleaser Visa Stäng
2022-07-13 Maha Energy Mahas produktionsbrunn Tie-5 flödar 766 BOEPD utan pump och producerar nu till Tiefältets produktionsanläggning Pressreleaser Visa Stäng
2022-07-07 Maha Energy Maha Energy AB har underrättats om att kontrakterad borrigg i Oman har dragits tillbaka Pressreleaser Visa Stäng
2022-07-07 Maha Energy Maha Energy AB has been notified that contracted drilling rig has been withdrawn in Oman Pressreleaser Visa Stäng
2022-06-27 Maha Energy Jonas Lindvall slutar som VD på Maha Energy AB Pressreleaser Visa Stäng
2022-06-27 Maha Energy Maha Energy AB announce commencement of succession planning for Maha Energy AB CEO, Jonas Lindvall Pressreleaser Visa Stäng
2022-06-16 Finansinspektionen Finansinspektionen: Flaggningsmeddelande i Maha Energy AB Pressreleaser Visa Stäng
2022-06-15 Finansinspektionen Finansinspektionen: Flaggningsmeddelande i Maha Energy AB Pressreleaser Visa Stäng
2022-06-13 Finansinspektionen Finansinspektionen: Flaggningsmeddelande i Maha Energy AB Pressreleaser Visa Stäng
2022-06-10 Finansinspektionen Finansinspektionen: Flaggningsmeddelande i Maha Energy AB Pressreleaser Visa Stäng
2022-06-03 Finansinspektionen Finansinspektionen: Flaggningsmeddelande i Maha Energy AB Pressreleaser Visa Stäng
2022-06-01 Finansinspektionen Finansinspektionen: Flaggningsmeddelande i Maha Energy AB Pressreleaser Visa Stäng
2022-05-31 Maha Energy Årsstämma i Maha Energy AB (publ) Pressreleaser Visa Stäng
2022-05-31 Maha Energy Annual General Meeting in Maha Energy AB (publ) Pressreleaser Visa Stäng
2022-05-28 Maha Energy Maha Energy: Tie-5 reaches Total Depth (TD) with 240 m of net reservoir penetrated Pressreleaser Visa Stäng
2022-05-28 Maha Energy Maha Energy: Borrningen av Tie-5 slutförd efter att 240 meter produktiv reservoar genomborrats Pressreleaser Visa Stäng
2022-05-24 Penser Access Penser Access: Interview with Maha Energy - Erik Penser Bank - 23rd of May 2022 Analyser Visa Stäng
2022-05-19 Maha Energy Maha Energy AB meddelar resultat för första kvartalet 2022 och inbjudan till webcast Pressreleaser Visa Stäng
2022-05-19 Maha Energy Maha Energy AB Announces Filing of First Quarter 2022 Report & Live Webcast Pressreleaser Visa Stäng
2022-05-18 Finansinspektionen Finansinspektionen: Flaggningsmeddelande i Maha Energy AB Pressreleaser Visa Stäng
2022-05-17 Finansinspektionen Finansinspektionen: Flaggningsmeddelande i Maha Energy AB Pressreleaser Visa Stäng
2022-05-11 Finansinspektionen Finansinspektionen: Flaggningsmeddelande i Maha Energy AB Pressreleaser Visa Stäng
2022-05-10 Finansinspektionen Finansinspektionen: Flaggningsmeddelande i Maha Energy AB Pressreleaser Visa Stäng
2022-05-06 Finansinspektionen Finansinspektionen: Flaggningsmeddelande i Maha Energy AB Pressreleaser Visa Stäng
2022-04-29 Maha Energy Kallelse till årsstämma i Maha Energy AB (publ) Pressreleaser Visa Stäng
2022-04-29 Maha Energy Notice to attend the Annual General Meeting in Maha Energy AB (publ) Pressreleaser Visa Stäng
2022-04-19 Maha Energy Maha Energy: Operational update on the drilling of the Tie-5 well and record breaking production volumes for Q1 Pressreleaser Visa Stäng
2022-04-19 Maha Energy Maha Energy: Uppdatering kring borrningen av Tie-5-brunnen och produktionsrekord för Q1 Pressreleaser Visa Stäng
2022-04-14 Maha Energy Maha Energy AB tecknar kontrakt med Global Business Services i Oman för att borra sex oljebrunnar Pressreleaser Visa Stäng
2022-04-14 Maha Energy Maha Energy AB awards Drilling Contract to Global Business Services in Oman for a six well drilling campaign Pressreleaser Visa Stäng
2022-04-11 Maha Energy Maha Energy AB Publishes the Annual Report and Sustainability Report for 2021 Rapporter Visa Stäng
2022-04-11 Maha Energy Maha Energy AB publicerar Årsrapport och Hållbarhetsrapport för 2021 Rapporter Visa Stäng
2022-04-04 Penser Access Penser Access: Det högre oljepriset driver vinsten och kassaflödet - Maha Energy Analyser Visa Stäng

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28 Feb 2023 | Bokslutskommuniké 2022
15 May 2023 | Kvartalsrapport 2023-Q1
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