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15 Dec 2009 11:19
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Β Max Petroleum PlcΒ
(the "Company")
Drilling Update
15Β DecemberΒ 2009
Max Petroleum Plc,Β an oil and gas exploration and development company focused on Kazakhstan, is pleased to announce todayΒ thatΒ the ZMA-A12 development well in the Zhana Makat Field has reached a totalΒ measuredΒ depth ofΒ 883Β metres, withΒ electricΒ logsΒ indicatingΒ 16Β metres ofΒ netΒ oil payΒ over three JurassicΒ sandstoneΒ reservoirsΒ atΒ true verticalΒ depthsΒ between 786Β andΒ 832Β metres, all in line with expectations. The Company has run production casingΒ in the well, whichΒ will be completedΒ and testedΒ inΒ the nextΒ fewΒ weeks.Β TheΒ SunΒ ZJ-30 drilling rig is currently moving to drill theΒ BOR-1 exploration well on theΒ BorkyldaktyΒ prospect in Block E, which is expected to spud on or around 31 December 2009.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 |
|
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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