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25 Jun 2012 07:00
Max Petroleum Plc
(the "Company")
Operational Update
Production Test at Asanketken Field
25 June 2012
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announces that the ASK-J2 well in the Asanketken Field has begun testing in a Jurassic reservoir from depths between 1,307 and 1,312 metres, flowing at a stable rate of 503 barrels of oil per day ("bopd") with no water. This zone will be produced on test production for 90 days.
Enquiries:
Max Petroleum Plc
| Michael Young President and Chief Financial Officer | Tel: +44 (0)207 355 9590
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| Tom Randell Director of Investor Relations
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Merlin PR
| David Simonson/ Anca Spiridon | Tel: +44 (0)207 726 8400 |
WH Ireland Ltd
| Daniel Bate / Robin Gwyn | 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.
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