MXP.L Regulatory News (MXP)

Max Petroleum Plc

(the "Company")

Successful Jurassic Development Well Drilled in the Zhana Makat Field

5 October 2011

Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce today that the ZMA-A23 development well in the Zhana Makat Field has reached a total depth of 890 metres, with electric logs indicating 10 metres of net oil pay in Jurassic sandstone reservoirs at depths ranging between 808 and 833 metres. Reservoir quality appears excellent with porosities ranging from 20% to 34%. The Company has run production casing in the well, which will be completed and placed on production immediately after obtaining the requisite governmental approvals. The PM Lucas IDECO rig will now move to drill the ZMA-E2 appraisal well in the Zhana Makat Field.

Enquiries:

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.