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1 Oct 2012 07:00
Max Petroleum Plc
(the "Company")
Drilling Update
1 October 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 BSBNE-1 exploration well on the Besbolek North-East prospect on Block E using Zhanros Drilling's ZJ-20 rig. Total vertical depth of the well will be approximately 1,580 metres. The Besbolek North-East Prospect is a four-way anticline targeting unrisked mean resources of 10 million barrels of oil in Triassic reservoirs.
Enquiries:
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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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MXP.L (MXP)
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