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17 Nov 2009 07:30
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Max Petroleum PlcΒ
(the "Company")
Drilling Update
17Β NovemberΒ 2009
Max Petroleum Plc,Β an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce todayΒ thatΒ the ZMA-AN2 development well in the Zhana Makat Field has reached a totalΒ measuredΒ depth of 780Β metres, with wellΒ logsΒ indicatingΒ 8 metres ofΒ netΒ oil pay in the NeocomianΒ sandstoneΒ reservoirΒ atΒ true verticalΒ depthsΒ ofΒ 660Β to 668Β meteres, all in line with expectations. The Company has run production casingΒ in the well, whichΒ will be completedΒ and testedΒ inΒ the nextΒ twoΒ weeks.Β TheΒ SunΒ ZJ-30 drilling rig is currently moving to drill the ZMA-A12 development in the Zhana Makat FieldΒ and then to the Borklydakty exploration well and the remainder of the post-salt exploration portfolio, currently comprised of 12 drillable prospects.Β
Enquiries:
|
Max Petroleum Plc |
Michael YoungΒ President and Chief Financial Officer |
Tel: +44 (0)20 7355 9590 |
|
PeterΒ MossΒ Vice President Corporate Development and Investor Relations |
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Merlin PR |
Tom Randell / Anca Spiridon |
Tel:Β +44 (0)207Β 726 8400 |
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WH Ireland Ltd |
Daniel BateΒ |
Tel: +44 (0)161 832 2174 |
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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