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17 Feb 2011 07:00
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Max Petroleum Plc
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Drilling Update
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17 February 2011
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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.
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Enquiries:
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Max Petroleum Plc Β Β | Michael Young President and Chief Financial Officer | Tel: +44 (0)20 7355 9590 Β |
Peter Moss Vice President Corporate Development and Investor Relations Β | ||
Merlin PR Β | Tom Randell / Anca Spiridon | Tel: +44 (0)7887 884 794 |
WH Ireland Ltd Β | Daniel Bate / Katy Mitchell | Tel: +44 (0)161 832 2174 Β Β |
Macquarie Capital Advisers | Paul Connolly / Ben Oakley | Tel: +44 (0)203Β 037 2000 |
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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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