Mon, 16th Apr 2012 07:28 LONDON, April 16 (Reuters) - Max Petroleum PLC:
* Update on production test results and d
evelopment plans for its Uytas field
* The field is larger than we had originally thought and is well suited for development across its large structure with limited faulting
* 3d seismic data acquired in late 2011 has revealed a structure larger than previously identified
* Estimates overall oil in place of 184 million barrels
* Well tests have confirmed commercial productivity from the aptian and jurassic sandstone reservoirs
* Planning an enhanced oil recovery pilot project
* Discovery in both the cretaceous and jurassic sections can add meaningful short-term production and cash flow
((London Equities Newsroom; +44 20 7542 7717))
(For more news, please click here)
COPYRIGHT
Copyright Thomson Reuters 2012. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.