Sign In
4 Nov 2011 07:00
ļ»æ
Max Petroleum Plc
("Max Petroleum" or the "Company")
Ā
First Deep Pre-Salt Well Spuds at Emba B Prospect
Ā
04 November 2011
Ā
Ā
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, today announced that it has begun drilling the NUR-1 well on the Emba B prospect in Block E. The well will be drilled to a depth of 7,250 metres, targeting Devonian and Carboniferous reservoirs with unrisked mean resource potential of 467 million barrels of oil equivalent and a 29% geological chance of success.
Ā
Ā
Enquiries:
Ā
Max Petroleum Plc Ā Ā | Michael Young President and Chief Financial Officer | Tel: +44 (0)20 7355 9590 Ā |
Tom Randell Director of Investor Relations Ā | ||
Merlin PR Ā | David Simonson / Anca Spiridon | Tel: +44 (0)207 726 8400 |
WH Ireland Ltd Ā | Daniel Bate / Robin Gwyn | Tel: +44 (0)161 832 2174 Ā |
Macquarie Capital Advisers | Paul Connolly / Steve Baldwin | Tel: +44 (0)203Ā 037 2000 |
Ā
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.
Follow the stocks
