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17 Feb 2011 07:00
Max Petroleum Plc
Drilling Update
17 February 2011
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, today announced that it has completed drilling the ALTW-1 exploration well on the West Altykol prospect on Block E. The well reached a total depth of 1,947 metres without encountering producible hydrocarbons and will be plugged and abandoned. The Sun ZJ-30 drilling rig will now move to drill the ZMA-ET1 appraisal well testing Triassic reservoirs in the Zhana Makat Field on Block E.
Enquiries:
Max Petroleum Plc
| Michael Young President and Chief Financial Officer | Tel: +44 (0)20 7355 9590
|
Peter Moss Vice President Corporate Development and Investor Relations
| ||
Merlin PR
| Tom Randell / Anca Spiridon | Tel: +44 (0)7887 884 794 |
WH Ireland Ltd
| Daniel Bate / Katy Mitchell | Tel: +44 (0)161 832 2174
|
Macquarie Capital Advisers | Paul Connolly / Ben Oakley | Tel: +44 (0)203 037 2000 |
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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