Sign In
15 Oct 2012 07:00
ο»Ώ
Max Petroleum Plc
(the "Company")
Β
Drilling Update
Β
15 October 2012
Β
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, today announces that it has completed drilling the BSBNE-1 exploration well on the Besbolek North-East prospect on Block E. The well reached a total depth of 1,328 metres without encountering producible hydrocarbons. The well will now be plugged and abandoned. The Zhanros rig will next move to drill the Eskene North exploration prospect in Block E targeting 9 mmbo of mean resources.
Β
Β
Enquiries:
Β
Max Petroleum Plc Β Β | Michael Young President and Chief Financial Officer | Tel: +44 (0)207 355 9590 Β |
Β | Tom Randell Director of Investor Relations Β | Β |
College Hill Β | David Simonson/ Anca Spiridon | Tel: +44 (0)207 457 2020 |
WH Ireland Ltd Β | Daniel Bate / Katy Mitchell | Tel: +44 (0)161 832 2174 Β |
Macquarie Capital | Paul Connolly / Steve Baldwin | Tel: +44 (0)203Β 037 2000 |
Oriel Securities | Michael Shaw / Ashton Clanfield | Tel: +44 (0)207Β 710 7600 |
Β
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.
Β
Follow the stocks
