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Drilling Update

17 Aug 2012 07:00

RNS Number : 2162K

Max Petroleum PLC

17 August 2012

Max Petroleum Plc

(the "Company")

Drilling Update

17 August 2012

Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has commenced drilling the BCHW-1 exploration well on the Baichonas West prospect on Block E using Zhanros Drilling's ZJ-20 rig. Total depth of the well will be approximately 1,400 metres. The Baichonas West prospect is a four-way anticline targeting unrisked mean resources of 10 million barrels of oil in Jurassic and Triassic reservoirs.

Enquiries:

Max Petroleum Plc	Michael Young President and Chief Financial Officer	Tel: +44 (0)207 355 9590
	Tom Randell Director of Investor Relations
Merlin PR	David Simonson/ Anca Spiridon	Tel: +44 (0)207 726 8400
WH Ireland Ltd	Daniel Bate / Katy Mitchell	Tel: +44 (0)161 832 2174
Macquarie Capital	Paul Connolly / Steve Baldwin	Tel: +44 (0)203 037 2000
Oriel Securities	Michael Shaw / Ashton Clanfield	Tel: +44 (0)207 710 7600

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.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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Date		Source	Headline
24th Apr 2007	8:34 am	RNS	Holding(s) in Company
18th Apr 2007	3:06 pm	RNS	Holding(s) in Company
12th Apr 2007	8:11 am	RNS	SUBORDINATED DEBT FACILITY
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12th Apr 2007	7:01 am	RNS	Notifiable Interest
2nd Apr 2007	7:03 am	RNS	Resource Estimates
30th Mar 2007	3:35 pm	RNS	Total Voting Rights
28th Mar 2007	11:04 am	RNS	Notifiable Interest
26th Mar 2007	6:00 pm	RNS	Holding(s) in Company
22nd Mar 2007	7:02 am	RNS	Exercise of Options
21st Mar 2007	2:47 pm	RNS	Holding(s) in Company
21st Mar 2007	2:45 pm	RNS	Holding(s) in Company
16th Mar 2007	1:06 pm	RNS	Drilling Operations resume
14th Mar 2007	7:01 am	RNS	Drilling Operations
8th Mar 2007	4:47 pm	RNS	Notification of Transactions
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27th Feb 2007	5:01 pm	RNS	Holding(s) in Company
2nd Feb 2007	10:51 am	RNS	Exercise of Options
1st Feb 2007	7:01 am	RNS	Updated Resource Estimates
29th Jan 2007	2:31 pm	RNS	Notifiable Interest
18th Jan 2007	7:01 am	RNS	Operations Update
12th Jan 2007	6:17 pm	RNS	Notifiable Interest
10th Jan 2007	1:59 pm	RNS	Notifiable Interest
22nd Dec 2006	7:01 am	RNS	Interim Results
14th Dec 2006	4:59 pm	RNS	Notifiable Interest
13th Dec 2006	11:57 am	RNS	Notifiable Interest
12th Dec 2006	9:24 am	RNS	Notifiable Interest
11th Dec 2006	10:25 am	RNS	Notifiable Interest
8th Dec 2006	9:40 am	RNS	Notifiable Interest
5th Dec 2006	10:21 am	RNS	Notifiable Interest
22nd Nov 2006	10:31 am	RNS	Exercise of Options
20th Nov 2006	7:02 am	RNS	Operational Update
6th Nov 2006	4:23 pm	RNS	Notifiable Interest
1st Nov 2006	12:55 pm	RNS	Notifiable Interests
19th Oct 2006	4:18 pm	RNS	Notifiable Interest
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16th Oct 2006	11:23 am	RNS	Directors' Dealings
11th Oct 2006	8:12 am	RNS	Appointment of NED
10th Oct 2006	12:46 pm	RNS	Director's Dealing
10th Oct 2006	7:01 am	RNS	Operational & Drilling Update
6th Oct 2006	6:20 pm	RNS	Result of AGM
2nd Oct 2006	8:36 am	RNS	Second Well Success
26th Sep 2006	4:46 pm	RNS	Notification of Interest
26th Sep 2006	8:52 am	RNS	Notifiable Interest
25th Sep 2006	5:48 pm	RNS	Notice of AGM
20th Sep 2006	4:36 pm	RNS	Price Monitoring Extension
19th Sep 2006	6:10 pm	RNS	Annual Report and Accounts
18th Sep 2006	6:03 pm	RNS	Notifiable Interest

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