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10 Jun 2013 07:00
Max Petroleum Plc
(the "Company")
Drilling Update
10 June 2013
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has commenced drilling the UTS-8 appraisal well in the Uytas Field on Block A using Zhanros Drilling's ZJ-20 rig. The well will be drilled to a total vertical depth of 900 metres targeting Cretaceous, Jurassic and Triassic reservoirs. The location of the UTS-8 well is beyond the current limits of the field that are estimated to contain contingent resources. If successful, the UTS-8 well could significantly extend the Western limits of the Uytas Field.
Enquiries:
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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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