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Drilling Update

3rd Jun 2013 07:00

RNS Number : 0819G
Max Petroleum PLC
03 June 2013
 



Max Petroleum Plc

(the "Company")

 

Drilling Update

 

3 June 2013

 

Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, today announces that it has completed drilling the UTS-5 exploration well on the Uytas North prospect on Block A. The well reached a total depth of 931 metres without encountering producible hydrocarbons and will be plugged and abandoned. The Zhanros ZJ-20 rig will next move to the Uytas Field to drill the UTS-8 well, which, if successful, will extend the Western limits of the Uytas Field.

 

 

Enquiries:

 

Max Petroleum Plc

 

 

Michael Young

President and Chief Financial Officer

Tel: +44 (0)207 355 9590

 

Tom Randell

Director of Investor Relations

 

College Hill

 

David Simonson/ Anca Spiridon

Tel: +44 (0)207 457 2020

WH Ireland Ltd

 

Daniel Bate / Katy Mitchell

Tel: +44 (0)161 832 2174

 

Macquarie Capital

Steve Baldwin/ Jeffrey Auld/ Nicholas Harland

 

Tel: +44 (0)203 037 2000

Oriel Securities

Michael Shaw / Ashton Clanfield

Tel: +44 (0)207 710 7600

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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