MaySeed Energy is an oil and gas company focused on exploration, appraisal and development opportunities within carefully selected areas in Europe. The Company is a public company incorporated in the United Kingdom and listed on AIM.
The Company holds a 100% interest in the Blocks A & E Licence area covering over 12,455 km2 in the highly prolific Pre- Caspian Basin in Western Kazakhstan. The Pre-Caspian Basin has produced some of the world's largest oil and gas discoveries, including the super-giant Tengiz, Kashagan, Karachaganak and Astrakhan fields, which range in size from seven to 20 billion barrels of oil equivalent in recoverable reserves.
MaySeed Energy's strategy is to grow reserves significantly through exploration. The combination of the size of the Group's acreage position - some 12,455 km2 in one of the most prolific petroleum basins in the world, as well as the existing transportation and production infrastructure makes Blocks A&E an exciting place to apply this exploration strategy. MaySeed Energy has acquired and interpreted approximately 5,000 km2 of exploratory 3D seismic data over Blocks A&E generating an exciting portfolio of both shallow, post-salt and deeper, pre-salt prospects and leads.
Since November 2009, MaySeed Energy has drilled a total of 32 wells including 14 exploration wells generating five commercial discoveries at the Borkyldakty, Uytas, Asanketken, East Kyzylzhar I and Sagiz West fields. While MaySeed Energy is principally focused on exploration activities, it is also significantly increasing production as these five new fields are brought online adding to the output from the Zhana Makat Field which has been in production since 2007. MaySeed is led by an experienced Board and management team with considerable experience in oil and gas exploration, appraisal, development and production, and in growing small capitalisation oil and gas companies.