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Maha Energy AB (publ) (7M7.F)

0.7480

+0.0380

(+5.35%)

As of 8:12 AM GMT+2. Market Open.

Production and operation update September 2023

Maha Energy AB (publ) (“Maha” or the “Company”), announces the preliminary unaudited net production data for September 2023 and the closing of the divestment of LAK Ranch. Daily average production (boe/day) in 2023*AssetsQ1-23Q2-23Q3-23AugSepPeroá cluster*437560560539520Papa Terra cluster*9361,2171,2148451,428Illinois Basin233211179177179Total 1,6061,9881,9531,5612,127 Papa Terra clusterThe production at the Papa Terra cluster increased 69% from August to September 2023. The performance is due t

GlobeNewswire 6 months ago

MAHA-A.ST
Extraordinary General Meeting in Maha Energy AB (publ)

The shareholders of Maha Energy AB (publ) (“Maha” or the “Company”) gathered in Stockholm, Sweden, Monday 18 September 2023 for an extraordinary general meeting. The general meeting resolved in accordance with the nomination committee’s proposal that the board of directors, for the time until the close of the next annual general meeting, shall consist of seven (7) ordinary members. It was resolved to elect Svein Harald Øygard as new ordinary board member until the close of the annual general mee

GlobeNewswire 7 months ago

MAHA-A.ST
Maha Energy granted an extension of the Initial Phase of the EPSA for Block 70 onshore Oman

Maha Energy AB (publ) (“Maha” or the ”Company”) announces that it has been granted by the Ministry of Energy and Minerals of the Sultanate of Oman (“MEM”) an extension of the Initial Phase of the Exploration and Production Sharing Agreement (“EPSA”) for Block 70 -- located onshore Oman. After the extension, the Initial Phase of the EPSA runs until 31st of December 2023. Maha commenced in March 2023 a production test on Block 70. Driven by Maha’s commitment to effectively conclude the production

GlobeNewswire 7 months ago

MAHA-A.ST
Production update August 2023

Maha Energy AB (publ) (“Maha” or the “Company”), announces the preliminary unaudited net production data for August 2023. Daily average production (boe/day) in 2023*AssetsQ1-23Q2-23JulAugPeroá cluster*437560618539Papa Terra cluster*9361,2171,376845Illinois Basin233211181177Total 1,6061,9882,1751,561 Papa Terra clusterThe production at the Papa Terra cluster decreased 39% from July to August 2023. The performance results from preventive and corrective maintenance at the asset's facilities, as par

GlobeNewswire 7 months ago

MAHA-A.ST
Maha Energy has received the second instalment of MUSD 55 from the sale of Maha Energy Brasil to PetroRecôncavo

Maha Energy AB (publ) (“Maha” or the ”Company”) is pleased to announce that it has received from PetroRecôncavo S.A. the second instalment of the purchase price related to the sale of its Brazilian subsidiary Maha Energy Brasil Ltda. (“Maha Brazil”), amounting USD 55.0 million. Following the receipt of the second instalment, Maha’s total cash balance amounts to USD 157 million (including restricted cash) --as per 30 June 2023 cash balance. Maha completed in February 2023 the sale of Maha Brazil

GlobeNewswire 7 months ago

MAHA-A.ST
Maha Energy invites to an Investor Meeting

Maha Energy AB (publ) invites shareholders and other interested parties to an Investor Meeting on Monday September 18th at 17:30 CEST in Stockholm, Sweden. On September 18th, 2023, Maha Energy will hold an Investor Meeting. The meeting will take place at Näringslivets Hus, Storgatan 19, Stockholm. The Management of the company will hold a corporate presentation and answer questions. Both Management and parts of the Board of Directors of the company will participate. The presentation will be held

GlobeNewswire 7 months ago

MAHA-A.ST
Maha Energy publishes prospectus

On 24 May 2023, Maha Energy AB (publ) (“Maha” or the “Company”) announced the closing of the business combination with DBO 2.0 S.A. (thereafter re-named to Maha Energy Offshore (Brasil) Ltda.). Through the transaction, Maha acquired 188,426 shares in DBO against payment of 34,829,057 new shares in the Company (issued pursuant to the resolution of the extraordinary general meeting held on 29 March 2023), and one (1) share in DBO was acquired by Maha Energy (Holding) Brasil Ltda., a wholly owned s

GlobeNewswire 7 months ago

MAHA-A.ST
Notice to Attend the Extraordinary General Meeting in Maha Energy ab (publ)

The shareholders in Maha Energy AB (publ), reg. no. 559018-9543, (the “Company”) are hereby given notice to attend the extraordinary general meeting on Monday 18 September 2023 at 11.00 CEST at Setterwalls Advokatbyrå’s offices at Sturegatan 10 in Stockholm, Sweden. Registration for the meeting commences at 10.30 CEST. Notice Shareholders wishing to participate at the meeting must: (i) be entered in the shareholders’ register, kept by Euroclear Sweden AB (the Swedish Central Securities Depositor

GlobeNewswire 8 months ago

MAHA-A.ST
Proposed changes to Maha’s board of directors and executive management

The nomination committee of Maha Energy AB (publ) (“Maha” or the “Company”) has informed the Company’s board of directors that it intends to propose that an extraordinary general meeting resolves to appoint Paulo Thiago Mendonça as the new chairman of the board of directors. The board of directors has therefore resolved to appoint Kjetil Solbraekke as the new CEO, effective as from the extraordinary general meeting electing Paulo Thiago Mendonça as the chairman of Maha’s board of directors. “The

GlobeNewswire 8 months ago

MAHA-A.ST
Maha Energy AB Announces Filing of Second Quarter 2023 Report & Live Webcast

Maha Energy AB (publ) (“Maha” or the “Company”) is pleased to announce its second quarter 2023 results. The report is attached to this press release and available on the Company’s website at www.mahaenergy.ca. Second Quarter 2023All amounts are in US dollars unless otherwise noted. The amounts below are related only to continuing operations. The Company completed the business combination with DBO 2.0 S.A., holding 15% equity interest in 3R Offshore.Income from investment in associate amounted to

GlobeNewswire 8 months ago

MAHA-A.ST
Production update July 2023

Maha Energy AB (publ) (“Maha” or the “Company”), announces the preliminary unaudited net production data for July 2023. Daily average production (boe/day) in 2023AssetsQ1-23Q2-23JunJulPeroá cluster*437560549618Papa Terra cluster*9361,2171,3141,376Illinois Basin233211202181Total 1,6061,9882,0652,175 * Note: The information included hereunder relates only to Maha’s entitlement on Peroá and Papa Terra clusters’ production, considering its indirect participation interest on said assets. It was calcu

GlobeNewswire 8 months ago

MAHA-A.ST
Update on the production test and request for extension of the Initial Phase of Block 70, onshore Oman

Maha Energy AB (publ) (“Maha” or the “Company”) announces the results of the initial short-term production test on Block 70 in the Sultanate of Oman (“Initial Phase”). All 8 (eight) production wells drilled in the 2022/2023 drilling program were tested for short term and 5 (five) produced oil to surface at an initial estimated average rate of 300 barrels of oil per day per well, while 3 (three) had to be suspended after producing water and gas but before producing any oil. Even though more than

GlobeNewswire 8 months ago

MAHA-A.ST
Maha updates the publication date of the Q2 2023 report and invites to webcast presentation

Maha Energy AB (publ) (“Maha” or the “Company”) updates the publication date of the report for the second quarter of 2023. The new publication date is Friday, August 11th 2023 instead of Monday, August 14th 2023. The report will be published in the afternoon (CEST). Maha hereby invites all interested parties to a live webcasted presentation on the same day at 18.00 CEST. Paulo Thiago Mendonça, CEO, and Guilherme Guidolin de Campos, CFO, will present the report and recent developments. The webcas

GlobeNewswire 8 months ago

MAHA-A.ST
Production update June 2023

Maha Energy AB (publ) (“Maha” or the “Company”), announces the preliminary unaudited net production data for June 2023. Daily average production (boe/day) in 2023AssetsQ1-23Q2-23AprMayJunPeroá cluster*437560490637549Papa Terra cluster*9361,2171,5837681,314Illinois Basin233211217214202Total 1,6061,9882,2911,6192,065 * Note: The information included hereunder relates only to Maha’s entitlement on Peroá and Papa Terra clusters’ production, considering its indirect participation interest on said ass

GlobeNewswire 9 months ago

MAHA-A.ST
Report on Payments to Governments 2022

Maha Energy AB (publ) (“Maha” or the “Company”) is pleased to announce the publication of the report on payments to governments 2022. The report is available hereto and on the Company’s website at www.mahaenergy.ca. For more information, please contact: Paulo Thiago Mendonça, CEO, Phone: +46 8 611 05 11, E-mail: info@mahaenergy.ca Guilherme Guidolin de Campos, CFO, Phone: +46 8 611 05 11, E-mail: info@mahaenergy.ca Jakob Sintring, Head of IR, Phone: +46 8 611 05 11, info@mahaenergy.ca Miscellane

GlobeNewswire 9 months ago

MAHA-A.ST
Production update May 2023

Maha Energy AB (publ) (“Maha” or the “Company”), announces the preliminary unaudited net production data for May 2023. Daily average production (boe/day) in 2023AssetsQ1AprMayPeroá cluster*437490637Papa Terra cluster*9361,583768Illinois Basin233217214Total 1,6062,2911,619 * Note: The information included hereunder relates only to Maha’s entitlement on Peroá and Papa Terra clusters’ production, considering its indirect participation interest on said assets. It was calculated based on the informat

GlobeNewswire 10 months ago

MAHA-A.ST
Change in number of shares and votes in Maha Energy AB (publ)

The number of shares and votes in Maha Energy AB (publ) (“Maha” or the “Company”) has increased following closing of the acquisition of DBO 2.0 S.A (“DBO”). As of 31 May 2023 the number of shares in the Company amounts to in total 178,444,753 shares, of which 34,829,057 shares have as at the date of this press release not been registered with the Swedish Companies Registrations Office. Each share carries one vote, and the total amount of votes as of 31 May 2023 is 178,444,753. At the extraordina

GlobeNewswire 10 months ago

MAHA-A.ST
Annual General Meeting in Maha Energy AB (publ)

The shareholders of Maha Energy AB (publ) gathered in Stockholm, Sweden, Wednesday 24 May 2023 for the Annual General Meeting. The income statements and the balance sheets for the Company and the Group were approved and the Board of Directors and the CEO were discharged from liability for the financial year 2022. The Meeting resolved that no dividend shall be paid for the financial year 2022 and that the company’s available funds shall be carried forward in new account. Fabio Vassel, Paulo Thiag

GlobeNewswire 10 months ago

MAHA-A.ST
Maha Energy completes the business combination with DBO 2.0

Maha Energy AB (publ) (“Maha” or the “Company”) is pleased to announce that it has completed the previously announced business combination with DBO 2.0 S.A. (“DBO”). The consideration for all shares in DBO amounted to 34,829,057 new shares in Maha. On 5 December 2022, Maha announced the signing of a binding term sheet and on 6 February 2023, the Company announced that a definitive agreement with the shareholders of DBO had been signed regarding the acquisition of all shares in DBO (the “Transact

GlobeNewswire 10 months ago

MAHA-A.ST
Update on the production test on Block 70, in the Sultanate of Oman

Maha Energy AB (publ) (“Maha” or the “Company”) announces the initial and preliminary results from the production test on Block 70 in the Sultanate of Oman. The tests were performed on the “Alpha pad” on wells (i) Mafraq-9, (ii) Mafraq-7, (iii) Mafraq-10 and (iv) Mafraq-8. a) Mafraq-9 well, the first well connected to the production test facilities, flowed at a rate between 300-350 barrels of oil per day with a water cut of about 5%;b) This was followed by testing of Mafraq-7 which encountered s

GlobeNewswire 10 months ago

MAHA-A.ST

Performance Overview

Return	7M7.F	OMX Stockholm 30 Index
YTD	-13.68%	+6.37%
1-Year	-8.33%	+13.56%
3-Year	-40.30%	+13.84%

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Maha Energy AB (publ) (7M7.F)

Production and operation update September 2023

Extraordinary General Meeting in Maha Energy AB (publ)

Maha Energy granted an extension of the Initial Phase of the EPSA for Block 70 onshore Oman

Production update August 2023

Maha Energy has received the second instalment of MUSD 55 from the sale of Maha Energy Brasil to PetroRecôncavo

Maha Energy invites to an Investor Meeting

Maha Energy publishes prospectus

Notice to Attend the Extraordinary General Meeting in Maha Energy ab (publ)

Proposed changes to Maha’s board of directors and executive management

Maha Energy AB Announces Filing of Second Quarter 2023 Report & Live Webcast

Production update July 2023

Update on the production test and request for extension of the Initial Phase of Block 70, onshore Oman

Maha updates the publication date of the Q2 2023 report and invites to webcast presentation

Production update June 2023

Report on Payments to Governments 2022

Production update May 2023

Change in number of shares and votes in Maha Energy AB (publ)

Annual General Meeting in Maha Energy AB (publ)

Maha Energy completes the business combination with DBO 2.0

Update on the production test on Block 70, in the Sultanate of Oman

Performance Overview