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8 Aug 2013 07:00
Max Petroleum Plc
(the "Company")
Successful development well at Zhana Makat
Spudding of development well at Borkyldakty
8 August 2013
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that the ZMA-A21 development well in the Zhana Makat Field has successfully reached a total vertical depth of 861 metres, encountering hydrocarbons in Neocomian and Jurassic sandstone reservoirs in line with expectations. The Company plans to complete the well and then place it on production as soon as practicable. The Zhanros ZJ-30 rig will now move to drill the SAGW-5 appraisal well in the Sagiz West Field.
The Company has also commenced drilling the BOR-4 development well in the Borkyldakty Field on Block E using the Zhanros ZJ-20 rig. Total vertical depth of the well will be approximately 1,600 metres targeting Triassic reservoirs.
Enquiries:
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Richard Hook, Chief Operating Officer of Max Petroleum Plc, 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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