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9 Dec 2011 07:00
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Max Petroleum Plc
("Max Petroleum")
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Drilling Update
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9 December 2011
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Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announced today that the ASK-2 well has been drilled to a total depth of 3,412 metres without encountering any viable reservoirs in the deeper Triassic section, which was the primary objective. The well will now be completed as a production well in the shallower Jurassic reservoir at depths between 1,281 and 1,287 metres and the PM Lucas ZJ-50 rig will be released.
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Enquiries:
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Max Petroleum Plc Β Β | Michael Young President and Chief Financial Officer | Tel: +44 (0)20 7355 9590 Β |
Tom Randell Director of Investor Relations Β | ||
Merlin PR Β | David Simonson / Anca Spiridon | Tel: +44 (0)207 726 8400 |
WH Ireland Ltd Β | Daniel Bate / Robin Gwyn | Tel: +44 (0)161 832 2174 Β |
Macquarie Capital | Paul Connolly / Steve Baldwin | Tel: +44 (0)203Β 037 2000 |
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Richard Hook, Chief Operating Officer of Max Petroleum, is the qualified person that has reviewed and approved the technical information contained in this announcement. Mr. Hook is a member of the Houston Geological Society and holds both Masters and Bachelors of Science degrees in geology.
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