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11 Oct 2011 07:00
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Max Petroleum Plc
("Max Petroleum" or the "Company")
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Drilling Update
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11 October 2011
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Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce that it has begun drilling the ZLGS-1 exploration well on the Zhalgyz South prospect in Block A, which has estimated unrisked mean resource potential of 18 million barrels of oil in a four-way, Triassic rim structure. Total depth of the well will be approximately 1,500 metres.
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Enquiries:
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Max Petroleum Plc Ā Ā | Michael Young President and Chief Financial Officer | Tel: +44 (0)20 7355 9590 Ā |
Tom Randell Director of Investor Relations Ā | ||
Merlin PR Ā | David Simonson / Anca Spiridon | Tel: +44 (0)207 726 8400 |
WH Ireland Ltd Ā | Daniel Bate / Robin Gwyn | Tel: +44 (0)161 832 2174 Ā |
Macquarie Capital Advisers | Paul Connolly / Steve Baldwin | Tel: +44 (0)203Ā 037 2000 |
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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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