1st Oct 2013 07:24
LONDON (Alliance News) - Max Petroleum PLC Tuesday said it is running production casing in a well in Kazakhstan, which will be completed and placed on test production after obtaining the necessary governmental approvals.
The plans to go into production follow successful well test results.
The oil-and-gas exploration and production company with operations in Kazakhstan said its drilling rig would next move to drill another appraisal well near the southern end of the Sagiz West Field.
Max Petroleum said the appraisal well in the Sagiz West Field has reached a total vertical depth of 1,453 metres, with electric logs indicating 30 metres of net oil pay over a 93 metre interval at depths ranging from 1,194 to 1,287 metres. It said the reservoir quality appeared good.
Richard Hook, chief operating officer, is the qualified person who reviewed and approved the technical information in Max Petroleum's well results.
Max Petroleum shares were Tuesday quoted at 4.01 pence, up 0.06 pence, or 1.5%.
By Samuel Agini; [email protected]; @samuelagini
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