As it tries to avoid falling into ad- ministration, UK-listed independent Max Petroleum has been hit with a $20 million-plus tax bill from the Kazakh Ministry of Finance related to the acquisition of Soviet-era data for its onshore A&E license area in the western Atyrau region. Max, which has suspended trading on the London Stock Exchange and slashed its staff to skeleton levels, says it will challenge the claim and has met all its historical tax obligations (NC Mar.5’15).
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