19th Apr 2010 09:05
Max Petroleum Plc
(the "Company")
Drilling Update
Max Petroleum Plc, an oil and gas exploration and development company focused on Kazakhstan, today announced that it has completed drilling the KZN-2 exploration well on the North Kyzylzhar II West Block prospect in Block E. The well reached a total depth of 1,457 meters without encountering hydrocarbons and will be plugged and abandoned. The Sun ZJ-30 drilling rig will now move back to drill the BOR-2, the first of two appraisal wells to be drilled in Borkyldakty Field discovery over the next few months. The Company is reviewing the results of its tender for a second shallow drilling rig, which, along with the ZJ-30 drilling rig currently under contract from Sun, will be used to drill the remaining post-salt exploration portfolio, as well as additional appraisal and development wells within the Borkyldakty Field.
Enquiries:
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Max Petroleum Plc
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Michael Young President and Chief Financial Officer |
Tel: +44 (0)20 7355 9590
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Peter Moss Vice President Corporate Development and Investor Relations
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Merlin PR |
Tom Randell / Anca Spiridon |
Tel: +44 (0)7887 884 794
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WH Ireland Ltd
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Daniel Bate |
Tel: +44 (0)161 832 2174
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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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