|By Marketwired .||
|July 21, 2014 11:06 AM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 07/21/14 -- Maxim Resources Inc., (Maxim) (TSX VENTURE: MXM)(OTCBB: MXMSF)(FRANKFURT: M5H), further to a news release dated June 23, 2014 announce the signing of a reconnaissance contract, between ONHYM and Maxim, is pleased to announce the Corporation has engaged Chapman Petroleum Engineering Ltd. to manage the reprocessing of 600 kilometers of existing 2-D seismic data and 10,000 kilometers of aero mag and gravity data on the onshore Hassi Berkane Block in the Kingdom of Morocco ("Morocco").
Chapman Petroleum Engineering Ltd. is a Calgary based consulting firm providing comprehensive petroleum engineering and geoscience services covering the full spectrum of the oil and gas industry, domestically and internationally. Commercial software applications used by the firm include: economic evaluations, digital log analysis, well log digitizing, Monte Carlo simulation, geological mapping, formation evaluation, well testing, interpretation and reporting.
Maxim's, Moroccan based in house geological staff are currently conducting a field survey and GPS data collection on the Hassi Berkane Block.
Art Brown, CEO and President of Maxim said, "Maxim is pleased to be starting Stage 1 development of the Beni Znassen Bloc, we look forward to positive results from the reprocessing of existing data, and to complete an exploration plan for future development."
Maxim is an oil and gas production and exploration company based in Vancouver, Canada. The Company is focused on identifying assets that meet the following criteria, producing, near term enhancement and exploration opportunities. Investments may be by way of acquisition, participation and/or fractional interest. Its most recent investment is a Reconnaissance Contract for the Hassi Berkane Block (formerly Beni Znassen Block) in the Kingdom of Morocco ("Morocco) in partnership with the National Office of Hydrocarbons and Mines ("ONHYM")".
We encourage any interested parties to visit www.maximresources.com and hit the Register for News tab at the top of the page.
Issued on behalf of the Board of Directors of Maxim Resources Inc.
Arthur Brown, President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, is forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the company's disclosure documents on the SEDAR website at www.sedar.com. The company does not undertake to update any forward-looking information except in accordance with applicable securities laws.
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