Under a services agreement, Zhanros Drilling will drill up to four shallow, post-salt wells and fund related ancillary services in exchange for up to 90,322,581 ordinary shares in Max, at a price of £0.05 ($0.08) per share in lieu of cash payment.
Zhanros will be issued shares on a monthly basis, as payment for completing the services provided under existing contracts with Max’s operating subsidiary, Samek International.
Zhanros’
