Maxim Resources Inc.

Maxim Resources Inc.

February 02, 2006 13:55 ET

Maxim Resources Inc.: Cooke Step-Out Well Spudded

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 2, 2006) - Maxim Resources Inc. ("Maxim") (TSX VENTURE:MXM) is pleased to announce that it has been notified by project operator Bayshore Energy ("Bayshore"), that the step-out well in the Cook Field has been spudded.

Bayshore will conduct a 10 well program this year in the Cooke Field. The Cook No. 3 well continues to flow at 220 BOE providing Maxim cash flow of approximately $40,000 per month.

Maxim has earned a 9.5% working interest in 8840 acres in the Cooke Ranch Prospect located in La Salle County, Texas.

On behalf of the Board

Arthur Brown, President and CEO

Information provided herein contains forward-looking statements. The reader is cautioned that assumptions used in the preparation of such information, which are considered reasonable by Maxim at the time of preparation, may prove to be incorrect. Actual results achieved will vary from the information provided and the variations may be material. There is no representation by Maxim that actual results achieved will be the same in whole or in part as those indicated in the forward-looking statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Maxim Resources Inc.
    Arthur Brown
    President and CEO
    (604) 630-0280