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Maxim to acquire Reconsaissance contract interest from First Sahara Energy


Published May 16, 2014
Maxim Resources Inc.

Maxim Resources Inc. has entered into a Heads of Agreement, (HOA), with First Sahara Energy Inc., (FSE), 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 Reconnaissance Contract Interest is administered by the Office National des Hydrocarbures et des Mines, ("ONHYM"), and will be re-registered to Maxim PG, with the acceptance and approval of ONHYM, on or about June 15, 2014.

Tags: Maxim Resources Inc.




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