MAX PETROLEUM - The Birth of a Giant

comparing valuations (junior explorers in Kaz.)
came across bsko

it is valued at 128M US $ mkt cap


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They reported on Dec 19

CALGARY, ALBERTA--(CCNMatthews - Dec. 19, 2005) - Big Sky Energy Corporation (OTCBB:BSKO) (the "Company") announced today that its subsidiary KoZhaN LLP has commenced drilling Well No. 30 in its Karatal Block, located on the north shore of the Caspian Sea in western Kazakhstan.

This Well will be drilled to an approximate depth of 800m to test the Cretaceous (Aptian) and Jurassic sediments in the Karatal Block. This Well will be located approximately 300m to the south-west of its Well No. 6, which was re-entered, worked-over, and recently placed on production from the Jurassic formation (591m to 596m) at a rate of approximately 100 bopd of sweet light crude.

"This is the first of many locations which we have identified with our re-completion efforts and an intensive 2D seismic shoot we conducted earlier this year," stated Mr. Al Sehsuvaroglu, the Company's President and CEO. "Based on the success of this location, we will follow up with additional in-fill locations."

Big Sky Energy Corporation is a US junior oil and gas company looking to develop assets in the world's most prolific basins in order to become a leading low-cost finder of hydrocarbons. The Company is currently operating in Kazakhstan's renowned pre-Caspian and Jungar Basin's.