Tying the knot tighter

Very soon, nuptials will not end with the pheras and the exchange of garlands. There will be some official nitty-gritty too, now that registration of marriages has been made compulsory, irrespective of caste and religion.

Maxim estimates that as timeprogresses, increasing volumes of oil production will ensue. It isessential to inject large volumes of water to re-pressure the reservoir; then,it will take a period of time to see complete response from the injectionactivities and to realize maximum producing rates. It is important to realize thatthe formation present in the Delhi Field has been produced since 1946. Maximwas then able to raise funds restricted to settling its obligations under thelawsuit and for the restoration of production.

In late 2008 and early 2009,Maxim was unable to raise funds to complete the project due to the specter ofthe Environmental Lawsuit that was ongoing for the Delhi Field. That problem wasalleviated through a settlement reached with the plaintiffs in June 2009. Johnson, Chairman and CEO of the Company, stated: “The Restoration ofoil production at the Delhi Field will signal a major new chapter of theCompany’s emergence as a true oil and gas company. Fourproducing wells and three injection wells were re-worked in late 2008 and aportion of the water injection system was installed. The Company lacked thefunds to continue the project to completion. Three of the four producing wellswere placed on production at minimal volumes.Robert D. When the new slate ofDirectors was elected to the Board in July 2008 and Management was replaced, theCompany set as one of its highest priorities the restoration of production.

The projectconsists of returning 8 wells to production and the completion of its waterinjection system to include 7 water injection wells and an extensive ‘closedloop’ pipeline system. Depending on the availability of equipment and personnel,the project should be completed around August 31, 2009.The Delhi field has been shut-in since October 2007. THE WOODLANDS, Texas, July 21, 2009 (GLOBE NEWSWIRE) — Maxim TEP, Inc.(OTCBB:MTIM), a Woodlands, TX oil and gas producing company, has commenced itsRestoration Program to return the Delhi Field to production. Additional information concerning theCompany and its business, including additional factors that could materiallyaffect the Company’s financial results, is included in the Company’s filingswith the Securities and Exchange Commission.