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25 Jun 2012 07:00
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Max Petroleum Plc
(the "Company")
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Operational Update
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Production Test at Asanketken Field
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25 June 2012
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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.Β
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Β Enquiries:
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Max Petroleum Plc Β Β | Michael Young President and Chief Financial Officer | Tel: +44 (0)207 355 9590 Β |
Β | Tom Randell Director of Investor Relations Β | Β |
Merlin PR Β | David Simonson/ Anca Spiridon | Tel: +44 (0)207 726 8400 |
WH Ireland Ltd Β | Daniel Bate / Robin Gwyn | Tel: +44 (0)161 832 2174 Β |
Macquarie Capital | Paul Connolly / Steve Baldwin | Tel: +44 (0)203Β 037 2000 |
Oriel Securities | Michael Shaw / Ashton Clanfield | Tel: +44 (0)207Β 710 7600 |
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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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