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Oil Capital
EPIC: MXM
Market: TSX-V
52-week High/Low: C$0.04 / C$0.01
Sector: Energy
Market Cap: C$0.29M

Maxim Resources, is an oil and gas exploration and production company headquartered in Canada, with the objective to become a mid-tier junior producer by securing projects that provide near-term revenue opportunities and potential step-out opportunities.

Maxim Resources Inc

www.maximresources.com

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Big picture - Why invest in Maxim Resources Inc

Maxim Resources Inc Snapshot

Maxim’s initial focus has been the Hassi Berkane Block in North East Morocco where it has secured a reconnaissance contract covering an area of 5,116 km2 for exclusive exploration.

On June 2nd 2015 Maxim signed a definative share purchase agreement (the “SPA”) with Quest Investments LLC (“QI”) whereby QI will become a controlling shareholder in Maxim and Maxim will acquire an indirect equity position in an oil and gas exploration and production concession (the “Concession”) covering an onshore area of 747km2within the Emirate of Umm Al-Quwain (“Umm Al-Quwain”), in the United Arab Emirates (the “UAE”). Under the SPA effective June 2, 2015  Maxim will acquire up to a 50% equity interest in Quest Oil & Gas Ventures Inc. (“Quest”) which will provide Maxim with a minimum of 17.5% indirect equity ownership interest in the Concession.

Hassi Berkane

The Hassi Berkane Block is located onshore in the northeast part of Morocco and encompasses 5,116 km2 with extensive 2-D seismic data. Key attributes of the Hassi Berkane Block are:

Similar reservoir and source rocks to the Tselfat area in central Morocco, which has large proven oil and gas reserves.
The seismic data reveals several alluring structural anomalies with a similar profile to the numerous oil & gas fields in the Tselfat area.
At least one of the anomalies is extremely large and appears to be structurally closed.
There is a known oil seep at the periphery of the Hassi Berkane Basin.
Drilling depth to target horizons is less than 3,000 meters..
The property is close to the Maghreb Europe Gas Pipeline, which transports gas from the super giant Maghreb gas field in adjacent Algeria. The pipeline has ample excess capacity.

Overview

The Hassi Berkane Block encompasses 5,116 km2 and is located onshore in the north east part of Morocco.

Similar reservoir and source rocks to the Tselfat area in central Morocco, which has large proven oil and gas reserves.
The seismic data reveals several alluring structural anomalies with a similar profile to the numerous oil & gas fields in the Tselfat area.
At least one of the anomalies is extremely large and appears to be structurally closed.
There is a known oil seep at the periphery of the Hassi Berkane Basin.
Drilling depth to target horizons is less than 3,000 meters.
The property is close to the Maghreb Europe Gas Pipeline, which transports gas from the super giant Maghreb gas field in adjacent Algeria. The pipeline has ample excess capacity.

Background

On 15 May 2014, the Company entered into a Heads of Agreement with First Sahara Energy Inc to acquire its interest in a reconnaissance contract on the Hassi Berkane Block. The Reconnaissance Contract was then issued on 18 June 2015.

On October 2014, Maxim announced the completion of an initial N151-101 report on the Hassi Berkane Block. Maxim engaged the services of Chapman to complete an initial N1  51-101 compliant technical report. All material aspects for the evaluation were included including relevant nearby wells and or analogous reservoirs and geological structures and formations. Chapman stated that based on this information, there was sufficient merit to justify the work program being proposed.

The UAQ Concession

The UAQ Concession is well located in a prospective area for oil and gas, and is on trend with significant producing fields in the adjacent Emirates and in the neighbouring Sultanate of Oman.

The key attributes of the UAQ Concession are:

UAQ Concession comprises 747 km2 (the entire area of the Emirate of Umm al-Quwain is 750 km2)
Area underexplored - last well drilled in 1986 with no existing production within the concession
Area is highly prospective but no major discovery to date due to lack of exploration
3 plays identified – 2 with prospects mapped:
Sajaa Field (7 Tcf & 450 MMbbl) 5 km south of [●]
Hamidiyah Field (est. 50 Bcf) 10 km west of [●]
March 2014 – Arawak Energy International, farmed-in to opportunity
August 2014 – 150 km2 3-D data acquired
Background

In March 2015, Maxim announced it had entered into non-binding heads of agreement with Quest Investments LLC, a holding company managed and controlled by the Al Ansari Family, a prominent family office in the UAE, to acquire an interest in an onshore exploration project within the Emirate of Umm al-Quwain in the UAE. Subsequently, in May, Maxim announced the entry into the Quest Acquisition Agreement in respect of this UAE Concession.

Upon completion of the Quest Acquisition, Quest Investments LLC will become a significant shareholder of Maxim, and Maxim will acquire up to a 25% indirect equity ownership interest in the UAQ Concession.

Other partners in the UAQ Concession include:
Arawak Energy International, a wholly owned subsidiary of the Vitol Group
PTTEP, an upstream company from Thailand (currently holds 30% of the UAQ Concession with financing requirements)
Quest Investments LLC managed and controlled by the Al Ansari family

Cyrus Driver – Chief Financial Officer

Mr. Driverhas served as the Company’s Chief Financial Officer for the past 10 years. His involvement with Maxim has been instrumental in governing and guiding the Company. Mr. Driver is a chartered accountant with over 30 years of public market and accounting experience and was a founding partner in the firm of Driver Anderson upon its inception in 1981. He has been a partner in the firm of Davidson and Company LLP after merging with Driver Anderson in 2002. Mr. Driver specializes in servicing TSX and TSX Venture Exchange (“TSXV”)listed companies and members of the brokerage community. His wide knowledge of the securities industry and its rules have enabled him to give valuable advice to clients within the industry with respect to finance, taxation and other accounting related matters. Mr. Driver currently serves as a director and/or executive of several publicly listed companies.

Chris Farnworth - Vice President of Corporate Affairs

Mr. Farnworth as a business management and corporate finance executive with over 30 years of experience in the public and private markets, oil and gas, mining, industrials and technology sectors. Mr. Farnworth has extensive worldwide high-level business development and sales experience, specifically in Europe, MENA and Asia, sales and operational experience with large and small multi national companies focusing upon business development, project management, strategic planning and partnership development.

Assisting in the planning of the business development policies, objectives, and establishment of medium to long-term goals for various multi-national companies.

Establishment of joint ventures, distribution channels and sub licensing agreements, identifying possible M&A opportunities, analysis of new market development and business opportunities. Financial feasibility studies and development of proposals. To date direct financings have included both debt and equity raises in excess of $40 Million and have been placed in both private and public market companies. Mergers and acquisitions include stand-alone values up to and including $15 Million. Providing advice on TSX compliance, audit and public company matters.

Jeff Stevens - Vice President of Corporate Finance

Mr. Stevens brings over 12 years of professional experience in the Canadian Capital Markets. Through the course of his career Jeff has worked on the Retail Side as an Assistant Investment Advisor, on the Buy Side as an Arbitrage Trader at a Hedge Fund and on the Sell Side in both a Sales and Trading capacity. He was the head of two Sales and Trading desks and was instrumental in building the Canadian operations for a US based Investment Bank in Toronto. Jeff's experience has largely been focused on capital raising for micro cap and small cap companies in Canada. His client base included Institutional Money Managers, Hedge Funds, Mutual Funds and Family Offices in Canada, US and Europe.

Mr. Stevens is presently a Senior Associate at Westridge Management International Limited, an international management and finance consultancy firm. He also serves as a Director and Vice President of Corporate Finance for Greatbanks Resources Inc., a TSXV listed mining company.

Hmida El Khachani, Managing Director, Africa

A successful entrepreneur, significant investor and advisor to private and public companies, in Europe, MENA, and West Africa. Extensive knowledge as an Executive and Non-Executive Director of various companies, and has gained extensive contacts in the investment community and government sectors. Ownership and management have included companies involved in the construction, engineering, hospitality, telecommunications and automotive services industries.

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Suite 1050

409 Granville Street
Vancouver, British Columbia
V6C 1T2

Telephone:
+ 1.604.630.0280
Fax: + 1.604.688.7846
Email: [email protected]

Arthur Brown

Email: [email protected]
Direct Line: +1.604.630.0280

Chris Farnworth

Email: [email protected]
Tel:              +1 604.250.1060

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