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Maykop

   Also found in: Wikipedia, Hutchinson 0.06 sec.
Maykop (mīkôp`), city (1989 pop. 149,000), capital of Adygey Republic, Krasnodar Territory, S European Russia, at the foot of the Greater Caucasus and on the Belaya River. It has machinery, lumber, and food-processing industries. Nearby are the important Maykop oil fields, discovered in 1900–1901 and linked by pipeline with the refineries at Krasnodar and the Black Sea port of Tuapse. Maykop was founded in 1857 as a Russian fortress. It was captured by German troops in 1942 and retaken by Soviet forces in 1943. The name of the city also appears as Maikop. It has an institute for the study of Adygey culture, language, and history.

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This litigation related primarily to the Company's interest in the Maykop field in the Republic of Adygea and the delivery of rigs and associated equipment.
Epic and Niko Resources have jointly evaluated certain geophysical prospects in the Middle Maykop which were the subject of a previously announced Middle Maykop letter of intent.
Fountain Oil recently increased its effective interest in the Maykop Field in the Republic of Adygea, Russian Federation, from 31% to 37%, and we expect to ship drilling rigs and related equipment from the United States to Adygea shortly, in anticipation of the commencement of Maykop Field operations.
 
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